Finance Articles

Silanis and IBM Join Forces to Deliver Complete Online Banking Solution

Montreal, QC (PRWEB) July 24, 2007 -- Silanis is pleased to now offer its enterprise electronic signing and transferable records management capability as part of IBM Global Financial Solutions' recently released Service-Oriented Architecture (SOA) Foundation for Banking Solutions, the world's largest e-signature provider said today.

Silanis' ApproveIt® Web Server, the leading online e-signature solution for high-volume and high-value B2B and B2C transactions, will ensure legally enforceable signatures as part of IBM's SOA offering, helping to automate various online banking applications, starting with IBM's Mortgage E-Collaboration solution.

Also part of IBM's SOA offering, Silanis' ApproveIt® Transferable Records Manager will handle the transfer and storage of transferable records, the electronic equivalents of promissory notes and chattel paper.

With these comprehensive solutions for the banking industry, IBM now offers banks a one-stop-shop for innovative technology to improve customer experience across all channels. This also represents an opportunity for IBM customers to leverage their existing infrastructure with high-value, out-of-the-box applications.

"E-signatures are an essential component of any SOA because without this capability, processes will be bottlenecked every time a signature is required," said Silanis CEO Richard L. Warren.

"IBM has included Silanis in its banking solution because it recognizes that e-signatures address the banking industry's key concern, which is to provide faster and more convenient service."

With extensive e-mortgage experience and solutions based on SOA principles, Silanis was the obvious choice to provide IBM with e-signature and e-vaulting components.Service-oriented architecture allows solutions to be quickly and easily deployed across multiple channels and processes, ensuring that organizations earn the maximum return on investment and decrease their total cost of ownership.

ApproveIt Web Server is an advanced, ESIGN-compliant solution that enables online business and e-contracting processes. Rather than routing paper documents to customers, organizations can provide users with the ability to instantly and electronically access, review, sign and return legal disclosures and contracts.

Silanis has been a proud IBM partner since 2006, having achieved 'Advanced Industry-Optimized' status in IBM's government network through a joint enterprise design win to supply the US Army with a Web-based e-forms solution that included secure, electronic signatures.

Silanis also enjoys 'Advanced' status in IBM's PartnerWorld Industry Networks for the financial, banking and insurance markets, earned after supplying a Fortune 500 company with an electronic signature solution for 401K and on boarding processes.

For more information, or a demonstration of the mortgage e-collaboration solution, please contact Silanis at 1-888-SILANIS (745-2647), ext. 1164.

About Silanis

Founded in 1992, Silanis Technology Inc. is the largest and most experienced provider of electronic signature solutions. More than 1,400 government and commercial organizations, representing two million users, depend on Silanis' solutions to accelerate operations, improve service and reduce costs.

The company's solutions not only eliminate the inefficiencies of paper, they provide reliable and auditable business records needed to demonstrate compliance with applicable laws, standards, regulations and policies.

About IBM

IBM is the world's largest information technology company, with over 80 years of leadership in helping businesses innovate. Drawing on resources from across IBM and key Business Partners, IBM offers a wide range of services, solutions and technologies that enable customers, large and small, to take full advantage of the new era of e-business. For more information about IBM, visit www.ibm.com.

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