Top Ten U.S. Bank selects Silanis' e-Sign Platform (6934U)
29 December 2011 - 6:00PM
UK Regulatory
TIDMSNS
RNS Number : 6934U
Silanis International Limited
29 December 2011
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(TM), 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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