New Contract Win (5441E)
08 4월 2011 - 3:00PM
UK Regulatory
TIDMSNS
RNS Number : 5441E
Silanis International Limited
08 April 2011
RNS release 8 April 2011
Silanis International Limited (the "Company")
announces that a major U.S. bank will use Silanis' e-Sign
Enterprise Platform
The Company (AIM: SNS) is pleased to announce that a major U.S.
bank has chosen Silanis Technology Inc. ("Silanis") to move to
paperless processing across its branch operations. Under this
enterprise license, the bank will implement Silanis' e-Sign
Enterprise Platform to process customer signatures. The bank
processes millions of transactions and thousands of signatures each
day, and will now use Silanis' solution to do this
electronically.
"For Silanis, this represents the largest software license value
ever concluded in the financial services market. Silanis expects to
recognize the majority of revenues from this contract in 2011. This
is a resounding validation of our leadership in the enterprise
market, and of our strategy to continue to invest heavily in our
class-leading technology," said Tommy Petrogiannis, CEO and
co-founder of Silanis.
The Silanis e-Sign Enterprise Platform enables additional
signing data to be automatically added to documents when a customer
signs, such as the person's name, date and location. Moreover, the
solution prevents a transaction package from being submitted if it
is missing a document, signature or initial. This in turn
eliminates the need to bring customers back to the branch to
correct or complete the documents.
Ensuring transaction documents are correctly completed the first
time around can eliminate any downstream legal and compliance risks
associated with improperly executing the documents.
And finally, because Silanis' solution records the entire
electronic signing process from start to finish and enables it to
be accurately reproduced for legal discovery, regulatory audits and
internal control purposes, a bank expects to strengthen its legal
and compliance position compared to hand-signed paper
documents.
The electronic evidence captured by Silanis' solution includes
the exact web screens, documents and legal disclosures that were
presented to customers; how long they spent reviewing information;
and everything they consented to, agreed to, and a date and
time-stamp.
Silanis' e-Sign Enterprise Platform was selected after an
exhaustive competitive analysis process. It was chosen for its
ability to integrate with a bank's core IT systems and deliver a
seamless customer signing experience.
For further details, please contact:
Silanis International Limited Tel: +1 514 337 5255
Tommy Petrogiannis, Chief Executive
Officer
Canaccord Genuity Limited Tel: +44 (0) 20 7050
Mark Williams 6500
About Silanis
Silanis' solutions have processed hundreds of millions of
e-signatures since the company was founded in 1992 (50 million in
2010 alone), making it the most widely used e-signature solution.
The world's largest insurance and financial services companies,
government agencies, and service providers depend on Silanis to
accelerate business transactions and reduce costs while improving
compliance with legal and regulatory requirements. The company's
on-premise, cloud and SaaS e-signature solutions eliminate manual,
paper-based processing to enable e-commerce and e-government
transactions to be executed fully electronically from start to
finish.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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