How Does E-signature Fit Into the Financial Sector?
The opportunities for the use of e-signatures in the financial sector are endless. E-signatures are useful for account openings, loan applications, credit card applications, increasing staff productivity, and so much more. Many companies in the financial sector have been able to reduce the steps that <!–-more–->it takes to complete a transaction by switching to e-signature. With Signority’s e-signature solution, companies can eliminate the need to prepare and mail paper packages, and to chase after customers for signatures.
All documents are stored on Signority’s application. This reduces the time that it takes for the company to complete a transaction. It also makes the transaction easier on the clients side, as they can sign from any location as long as they have a mobile phone or laptop. Customer satisfaction with the overall transaction process increases by a lot due to being able to sign a document without the hassle of printing, scanning, and faxing. Signority’s application is easy to use, and the signer can sign by drawing their signature with a mouse, a finger on a touch screen, by typing their name, or uploading an image of their signature.
Costs are greatly reduced because companies no longer need to pay for the shipping of documents, and for the huge amount of paper that was once used. E-signatures makes the whole process easier, faster, less expensive, and more convenient. Signority’s e-signature seamlessly integrates with any company’s financial processes because it simplifies and removes steps in the transaction process rather than removing them. All of this does not come at the cost of security or authentication. E-signatures afford financial institutions the security they need, the signer can easily be verified through an audit trail which tracks the IP address, date and time of signing and viewing, and opening of the document.