Click here to close now.




















Welcome!

@CloudExpo Authors: Pat Romanski, Bob Gourley, Kevin Jackson, Elizabeth White, Dana Gardner

News Feed Item

E-Signature Provider Silanis Expands Market Leadership in Banking and Lending With Top-20 Wins

Eight of the Top 20 North American Banks, Including Santander Consumer Bank, U.S. Bank and RBC Royal Bank, Use e-SignLive(TM) to Transform Customer Experience

MONTREAL, QC--(Marketwired - June 02, 2014) - Silanis, provider of the leading electronic signature solution e-SignLive™, today announced several new and expanded customer wins, including Santander Consumer Bank USA Inc., U.S. Bank and RBC Royal Bank, making e-SignLive the e-signature standard among eight of the top 20 banks in North America.

With over 50 percent of its customers in banking and lending, e-SignLive has the largest share of the e-signature market in these industries and is considered the leading e-signature and e-vaulting solution for financial services. Silanis was also recently named the preferred e-signature provider for the Credit Union National Association (CUNA), serving over 6,700 credit unions in the United States.

For today's constantly connected digital customer, the convenience of anywhere, anytime banking is vital. According to research released in March 2014 from AlixPartners, 60 percent of smartphone/tablet users reported mobile banking capabilities as "important" or "extremely important" in the decision to switch from one bank to another. A key enabler of mobile transactions, e-signatures give mobile users the freedom to transact on their device -- while also enabling a better banking experience where they can open an account or complete a loan application without ever visiting the branch.

"In response to competitive pressure and customer expectations, retail and commercial institutions of every size are embracing e-signatures and digital processes to offer customers and members a convenient, fast and more efficient way of doing business," said Tommy Petrogiannis, Silanis CEO and co-founder. "In the last 24 months, e-transactions -- which are only possible because of e-signatures -- have become the preferred choice among banks and lenders. Our customers are seeing record adoption across new account openings, loans and mortgage applications, as well as a reduction in risks and costs."

Silanis' growth among banks and credit unions is evidenced by the success of its customers, including:

  • Industry's Most Proven ROI: e-SignLive is used to process over 600 million documents annually. Silanis' customers have: 
    • Avoided $16 million in administrative costs annually across one bank;
    • Eliminated courier costs across 9,000+ branches with the largest secure delivery of e-disclosures in banking;
    • Removed paper from 10 million new account openings annually across 3,000+ branches, with 90 percent of customers choosing e-signatures over paper;
    • Saved 80,000+ administrative hours (equivalent to 40 full-time employees);
    • Eliminated 90 percent of errors in lending and other banking documents;
    • Expanded market reach from 28 to 48 states without opening new branches;
    • Increased revenue 100 percent after adopting an electronic process for mortgage origination.
  • Highest Adoption Rates: Because e-SignLive provides the best customer experience in any channel, financial institutions are seeing record adoption rates after implementing it, including:
    • Over 92% adoption in account openings and certificates of deposit (branch);
    • Over 90% in consumer lending and small business (branch);
    • Over 99% in mortgage applications and disclosures (online or F2F);
    • Over 70% in auto financing (F2F);
    • Over 99% in student lending (online).

Improving customer experience is just one of the benefits of e-signatures and e-transactions. Banks and credit unions are also looking to strengthen compliance. With e-SignLive, each step of the e-sign workflow is controlled, ensuring documents are presented and signed in the right order, and there are no missing signatures or data. Digital processes also provide better visibility into transactions and reduce risk by removing manual, error-prone intervention. Both the financial institution and the customer can be assured of a compliant e-transaction, backed by comprehensive electronic evidence.

Silanis also offers banks and credit unions a single e-signature platform for on-premises and SaaS deployment. For institutions looking to maximize their e-signature investment, choosing a platform that supports multiple deployments -- combined with the ability to create a mortgage e-note or e-chattel paper -- makes it easy to implement e-signatures in consistent way across many lines of business.

Committed to promoting the adoption of electronic signatures in banking and lending, Silanis actively participates in a number of industry associations, including the Electronic Signatures & Records Association (ESRA), Standards & Procedures for Electronic Records & Signatures (SPeRS), Mortgage Industry Standards Maintenance Organization (MISMO), American Financial Services Association (AFSA) and Mortgage Electronic Registration System (MERS).

In 2013, Silanis was awarded the IBM Beacon Award for Best Industry Solution for Banking.

About Silanis Technology
Businesses of all sizes choose Silanis Technology when e-signatures matter. With more than 600 million documents processed every year, e-SignLive™ is the most widely used e-signature solution around the world. Thousands of organizations, big and small, including the leading banks, insurers, credit providers, pharmaceutical and government agencies trust e-SignLive as their platform to make business digital. On premise or in the cloud, e-SignLive delivers the best customer experience while improving legal and regulatory compliance. Learn more: www.silanis.comTwitterLinkedInFacebook and Google+.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@CloudExpo Stories
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
SYS-CON Events announced today that the "Second Containers & Microservices Expo" will take place November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his session at 17th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Partnerships at Com...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
Between the compelling mockups and specs produced by your analysts and designers, and the resulting application built by your developers, there is a gulf where projects fail, costs spiral out of control, and applications fall short of requirements. In his session at @DevOpsSummit, Charles Kendrick, CTO and Chief Architect at Isomorphic Software, presented a new approach where business and development users collaborate – each using tools appropriate to their goals and expertise – to build mocku...
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
SYS-CON Events announced today that VividCortex, the monitoring solution for the modern data system, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The database is the heart of most applications, but it’s also the part that’s hardest to scale, monitor, and optimize even as it’s growing 50% year over year. VividCortex is the first unified suite of database monitoring tools specifically desi...
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, provided some practical insights on what, how and why when implementing "software-defined" in the datacent...
Learn how you can use the CoSN SEND II Decision Tree for Education Technology to make sure that your K–12 technology initiatives create a more engaging learning experience that empowers students, teachers, and administrators alike.
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...
With SaaS use rampant across organizations, how can IT departments track company data and maintain security? More and more departments are commissioning their own solutions and bypassing IT. A cloud environment is amorphous and powerful, allowing you to set up solutions for all of your user needs: document sharing and collaboration, mobile access, e-mail, even industry-specific applications. In his session at 16th Cloud Expo, Shawn Mills, President and a founder of Green House Data, discussed h...
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...