RNS Release | 29 December 2011 |
Silanis International Limited (the "Company") Announces a Top Ten U.S. Bank Selects Silanis' e-Sign Enterprise Platform
The Company (AIM: SNS) announced today that a top ten U.S. bank selected Silanis Technology Inc. ("Silanis"), the leader in enterprise e-signature solutions with the largest e-signature deployments, to meet its enterprise e-signature needs. This competitive win represents the third "Top 10" North American bank Silanis has secured as a customer in the past nine months, confirming Silanis as the standard for enterprise e-signatures in financial services.
Silanis' e-Sign Enterprise Platform includes flexibility in system and process design to address a bank's current and future needs; enterprise architecture to scale in terms of volume of transactions processed; and strong electronic evidence.
"E-signatures have become the linchpin in moving complex transactions online and in capturing the strongest legal evidence in highly regulated industries such as banking, insurance, and government" says Tommy Petrogiannis, Chief Executive Officer and co-founder of Silanis.
Fully compliant with the federal E-SIGN law, Silanis' e-signature enterprise solution eliminates the human processing errors that often occur in manual, paper-based processes. The transaction is kept electronic from start to finish so that the enforcement of business rules can be automated at both the process and document level - meaning that documents are presented to the customer in the proper sequence, and that all of the required data, signatures and initials are captured.
This greatly improves customer experience since there is no room for errors such as forgotten or missed signatures/initials that afterwards can cause delays and frustration, or for delays caused by documents-in-transit that can invalidate the process.
Equally important, one of the solution's unique features, the Silanis Process Reviewer™, protects both the borrower and the bank by capturing electronic evidence of every web page and document presented to the borrower during the transaction; the order in which all actions took place; and the amount of time spent on each web screen. This electronic evidence is uniquely linked to the final e-signed documents and can be reliably reproduced afterwards as needed.
About Silanis
Silanis is the most widely used e-signature solution in the world, processing over 600 million documents annually. Since the company was founded in 1992, our solutions have strengthened the business processes of thousands of organizations, including four of the top North American banks, five of the top 10 insurance companies and the entire US Army, among others. Companies and government organizations around the globe depend on Silanis to accelerate business transactions, improve customer experience and reduce costs while improving compliance with legal and regulatory requirements. Silanis' on-premise, cloud and SaaS e-signature solutions eliminate manual, paper-based processing and enable e-commerce and e-government transactions to be electronically executed from start to finish.
For further details, please contact:
Silanis International Limited
Tommy Petrogiannis, Chief Executive Officer
www.sil-intl.co.uk
Tel: + 1 514 337 5255
Canaccord Genuity Limited
Simon Bridges
Tel: +44 (0)20 7050 6500
