SNS Silanis

 

TIDMSNS 
 
RNS Number : 5327V 
Silanis International Limited 
03 November 2010 
 

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| RNS release                   |               3 November 2010 | 
+-------------------------------+-------------------------------+ 
 
                  Silanis International Limited (the "Company") 
    announces leading financial services company chooses Silanis following a 
                    competitive e-signature selection process 
 
The Company (AIM: SNS) is pleased to announce that another Fortune 500 financial 
services firm has chosen Silanis Technology Inc. ("Silanis") as its enterprise 
electronic signature provider. This award is the result of an extensive 
competitive evaluation process that focused on vendor experience and solution 
reliability and scalability. 
The large insurance, banking and investment company has plans to deploy 
electronic signatures across all lines of business, distribution channels and 
internal operations. The convenience and efficiency provided by e-signatures 
will help the company offer its customers consistently exceptional service, at 
every interaction. 
 
"This customer looked closely at the e-signature options available on the market 
and decided Silanis could offer them the surest path to success," said Tommy 
Petrogiannis, CEO and co-founder of Silanis. "Our solutions have been in high 
volume, real-world production environments for years. A number of our e-Sign 
Enterprise Platform customers are now approaching their ten year anniversary." 
 
Silanis has delivered demonstrable benefits and ROI across all sales and service 
channels (retail branch, call centre, web and field) in a wide range of 
financial services application areas, including: consumer lending, insurance new 
business processing, and insurance policy delivery. In the interest of 
standardizing on a single enterprise e-signature platform, the financial 
services firm sought a solution that could be customized to address a variety of 
signing processes and workflows, while reliably scaling to support millions of 
transactions annually. 
 
In its report on 'Best Practices for Global Life and P&C Insurers in Selecting 
Electronic Signature Solutions', Gartner recommended, "Rely on solutions with 
essential capabilities - such as strong integration with existing electronic 
forms and workflow systems - and that have enterprise capabilities for use in 
multiple sales and service channels, as well as solid insurance experience." 1 
 
Silanis and its E-Sign Enterprise Platform(TM) (formerly ApproveIt Web Server) 
meet these requirements by providing the firm with a highly customizable 
solution that supports both a 'Click-to-sign' process for its call centre and 
web channels, as well as signature capture tablets and SMS and voice 
authentication for retail and agent channels. The platform will grow with the 
firm's e-signing needs, while reducing the time, cost and complexity of porting 
new applications to the system. 
 
E-Sign Enterprise Platform addressed another of the financial services company's 
top requirements - a secure technology that would reduce legal and compliance 
risks.  Silanis exceeds this requirement by enforcing business rules throughout 
the transaction and recording the entire transaction from start to finish, 
producing the strongest and most reliable legal evidence and audit trail. This 
includes all documents and on-screen text presented to customers, how long they 
spent on each page, and all actions that they took. 
1'Best Practices for Global Life and P&C Insurers in Selecting Electronic 
Signature Solutions', Gartner, Steven Leigh, Juergen Weiss, March 18, 2010, 
 
 
For further details, please contact: 
+----------------------------------------+----------------------+ 
| Silanis International Limited          |                      | 
| Tommy Petrogiannis, Chief Executive    | Tel: +1 514 337 5255 | 
| 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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