Solutions
Electronic Signature Solutions for Banking
While banks have introduced many front and back office systems over the years to process loans and other customer transactions electronically, such as online applications, e-delivery and e-disclosures, the system of record remains dependent on physical documents. This means many critical steps in the process continue to be executed manually by bank personnel using pen and paper, resulting in increased transaction cycle times and costs, and unintended human errors and risks. Silanis’ Electronic Signature Process Management Solution executes transactions electronically from start to finish, while providing banks with flexible deployment options to meet any signing process, budget or time-to-market requirement.
The Benefits of Straight-Through Processing
Silanis’ E-Signature Process Management solutions provide the missing link for executing transactions electronically and achieving the many benefits of straight-through processing. Benefits include:
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“Our partnership with Silanis has allowed BMW Financial Services to create a real-time full solution where dealers and customers together can perform a final inspection on lease vehicles, utilizing the iPad screen to document any vehicle damage and immediately generate exact notations and proper paperwork.” - Shaun Bugbee, Vice President of Sales & Marketing for BMW Financial Services |
- Decreased cycle times. Reduces the time to capture people’s signatures in documents from weeks and days to hours and minutes.
- Reduced processing errors. Minimizes errors and downstream legal and compliance risks by eliminating manual, processing tasks.
- Cut processing costs. Eliminates the cost of paper, shipping, handling, document verification / data re-keying and scanning.
- Strengthen legal and compliance position. Deters potential cases from going to court and reduces litigation fees due to stronger legal evidence.
- Increased customer retention. Reduces customer drop-off rates by enabling customers to sign immediately upon completing applications.
- Improved customer satisfaction. Delivers products and services sooner to customers via faster, error-free processing of documents.
- Increased productivity. Eliminating manual processing tasks frees-up agents to spend more time with customers.
- Reduced total cost of ownership. One single platform solution reduces the time, cost and complexity of porting new applications to the system.
Electronic Signature Success Stories in Financial Services
Silanis has been helping the world’s leading financial service providers to bring their customer applications online since 2000, making us the most experienced and largest provider of e-signatures for the financial services industry. Below are some of the real-world benefits our customers are seeing today and why they consider our E-Signature Process Management solutions a critical component of their e-commerce and overall business strategy.
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“The e-SignLive and LotusLive services give us a real competitive edge. As a small regional lender, Signature Mortgage doesn’t have the IT resources needed to develop and maintain a website that provides these kinds of services to our clients. But with the Silanis and IBM services, our customers can now complete mortgage applications with the speed and convenience of the web knowing that the technology is secure, reliable and proven." - Bob Catlin, President of Signature Mortgage Corporation |
- A Top 10 US Bank will streamline consumer and business loans across 2,000 branches and expects to decrease lending risks by 50% using Silanis’ solution.
- A Fortune 500 financial services firm will use Silanis’ e-signature solution to enable straight-through processing across its enterprise starting with changes to insurance policy changes.
- A UK mail order giant is streamlining credit applications and improving the online retail experience of its customers using Silanis e-signatures.
- Signature Mortgage uses Silanis’ e-signature service to reduce the time to complete consumer mortgage applications from 10-days to 24 hours.
- Canderel uses Silanis’ e-signature service to close real estate deals with its investors and business partners faster and more conveniently.
- Stewart Title, a top 5 U.S. title company, uses Silanis to reduce the time to close mortgages from 90 minutes to 15 minutes, including the signing of electronic mortgage notes.
- A Top 5 Online Lender now processes > 90% of mortgage applications & disclosures electronically. E-signed applications are processed with 3-5 days less back-office delays and generate 15% more closings than hand-signed applications.
- A Top 5 Student Loan Guarantor chose Silanis to help bring the student loan application process online and meet the Department of Education Safe Harbor Requirements on electronic Master Promissory Notes.
Executing Transactions Electronically from Start to Finish
Silanis’ solutions do more than just replace a ball point pen with an electronic pen. As a next-generation, electronic signature process management solution, they ensure:
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“Online shoppers expect instant gratification. Silanis’ solution will enable our UK mail order customer to greatly improve their customers’ online retail experience by eliminating the paper chase normally associated with processing new credit applications manually, while at the same time providing them with an extremely secure and compliant solution that meets CCA regulations in the UK.” - Tommy Petrogiannis, CEO and co-founder of Silanis |
- E-signing processes can be tightly integrated with core IT systems to leverage your organization’s existing investments.
- E-signing processes can be customized for your unique process, channel and customer requirements
- No gaps in straight through processing. Documents are delivered, presented, reviewed, accepted, signed, returned and verified electronically.
- Business rules are enforced from start to finish to ensure compliance with all business, legal and regulatory requirements.
- Signed documents are returned free of errors. Applications cannot be returned if a document, signature, initial, or piece of data is missing.
- Transactions are recorded from start to finish and secured using digital signature technology to produce the strongest and most reliable evidence.
- Transactions can be monitored in real-time. Visibility into live signing activities enables immediate corrective action to be taken.
- Processes and documents can be instantly updated in response to changes in business, legal and regulatory requirements.
- Electronic signatures can be deployed across all channels ( retail, call center and web).
Learn about solution options available for financial service providers. 
Solution Options for Financial Services
Powered by our 6th generation ApproveIt® e-signing engine, Silanis offers a full suite of electronic signature solutions to meet the needs of any signing process, budget and time-to-market requirement.
| e-Sign Enterprise Platform | e-Sign Dedicated Service | e-SignLive |
| Dedicated, on-premises enterprise platform | Dedicated, cloud-based service |
Looking for a Software-as-a-Service? e-SignLive from Silanis provides the fastest time-to-market with the lowest up-front investment.
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| Enterprise license pricing | Transaction-based pricing | |
| Provides the most flexible and scalable, enterprise solution | Leverages best practice templates for fast and cost-effective deployment | |
| Integrates with core E-Business Systems to enable straight-through processing | Integrates with core Systems to enable straight-through processing | |
| Fully customizable process and web templates | Semi customizable process and web templates | |
| Can be deployed across all channels (Web, retail, call-center, agent) | Can be deployed across all channels (Web, retail, call-center, agent) | |
| Learn More | Learn More |
