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RNS Number : 8013K

Silanis International Limited

21 July 2011

 
 RNS Release   21 July 2011

Silanis International Limited (the "Company") announces a Top 10 North American bank selects Silanis' e-Sign Enterprise Platform

The Company (AIM: SNS) announced today that a top 10 North American bank has selected Silanis Technology Inc. ("Silanis")to meet its enterprise e-signing needs.

Silanis' Electronic Signature Process Management ("ESPM") solution is identified as a key technology facilitator for the bank's multi-channel strategy. E-signatures will allow the bank to deliver a seamless and improved client experience across all banking channels. The Silanis e-Sign Enterprise Platform will be initially deployed within the bank's mobile sales force, a group responsible for the sale of products and services taking place outside of the branch network. The ESPM solution will be implemented with appropriate scalability to enable fast time to market of future deployments to other banking products and channels.

"Silanis e-signature technology has become a highly trusted solution with adoption levels continuing to rise among the world's largest banks and insurance carriers," says Tommy Petrogiannis, Chief Executive Officer and co-founder of Silanis.

"Our technology will allow this top 10 North American bank's sales professionals to complete a complex transaction in a single meeting, dramatically improving the customer experience while shortening transaction cycle times."

Petrogiannis further explains that Silanis' ability to enable an end to end electronic process will significantly reduce out of order transactions, of which the bank attributes more than half are related to missing signatures or information.

Most importantly, through the introduction of the Silanis ESPM solution, the bank will benefit from a stronger legal position. The Silanis e-Sign Enterprise Platform orchestrates the transaction in compliance with all business, legal and regulatory requirements through the document presentation, review and signing stages of the process. As the entire process is controlled by Silanis' web-based platform, documents and disclosures are always presented to customers in the correct sequence for electronic review, acceptance and signing, preventing the document package from being returned if it is missing documents, data or signatures. Furthermore, the Silanis e-Sign Enterprise Platform captures a record of the web process from start to finish, providing even stronger legal evidence than is possible using pen and paper. Electronically signed documents are immediately available to bank personnel and back-operations for further processing.

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.

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.

For further details, please contact:

 
 Silanis International Limited          Tel: +1 514 337 
  Tommy Petrogiannis, Chief Executive    5255 
  Officer 
 Canaccord Genuity Limited              Tel: +44 (0) 20 
  Mark Williams                          7050 6500

This information is provided by RNS

The company news service from the London Stock Exchange

END

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