Welcome!

Microservices Expo Authors: Liz McMillan, Pat Romanski, Carmen Gonzalez, Elizabeth White, Jason Bloomberg

Blog Post

e-Signature Adoption Has Reached Critical Mass

E-Signature Banking Summit was held at the NYSE on April 8, 2011

All the presentations, conversations and questions at the e-Signature Banking Summit that took place on April 8 in New York city led to one solid conclusion—e-signatures have reached a new stage in their adoption by the banking industry.

“It’s definitely not about whether e-signatures are legal anymore,” says Michael Laurie, VP of Strategic Development at Silanis. “Now banking executives want to know how best to incorporate e-signatures into their large customer facing business transformation initiatives so they can achieve the benefits of straight-through processing.”

Hosted by Silanis, the e-Signature Banking Summit was the first of its kind and received overwhelming interest from the banking sector, ultimately triggering a move to a bigger venue at the New York Stock Exchange due to the high number of registrants.

Over 80 senior banking executives from the largest, most progressive banks and financial institutions in North America attended the day-long summit, which featured presentations from senior executives from U.S. Bank, a senior Gartner analyst, Wells Fargo’s legal counsel and a partner at Buckley Sandler LLP.

The topics, which ranged from the digital banking customer experience, to legal and regulatory news, to adoption considerations, provoked many questions about compliance, workflow and implementation considerations as well as e-signature IT requirements.

Participants were also keenly interested in a case study presented by US Bank’s David S. Miller and John Fraser on how their financial institution made exception processing nearly redundant by incorporating e-signatures into its consumer and business loan processing which is being deployed across 30013 retail branches.

One statistic delivered by esteemed Gartner fellow, David Furlonger, in his keynote, highlighted how important it is for the banking industry to continue the migration from paper to electronic processing. It’s not news that today’s youth love the web and their mobile devices, however the startling news is that by 2025, the number of Internet users worldwide is predicted to reach five billion.

This exponentially increasing number of ‘connected’ customers means that financial institutions have no choice but to focus on digital service delivery across all channels--whether it’s through mobile devices, computers, or in their branches—if they want to meet customer expectations successfully.

Another important takeaway from the Summit emerged in the presentations delivered by Margo Tank from the law firm, Buckley Sandler and David Whitaker from Wells Fargo.

Both their presentations reinforced how important it is to establish signing intent, stressing the importance of a solidly designed e-signing process as well as the need to demonstrate the signer’s ability to do so electronically.

Click here for more information on the role the e-signing process evidence plays in mitigating legal risks.

In response to widespread feedback from attendees who were hoping the summit would provide more insight into solution options, Silanis will host a webcast on Tuesday May 3rd. e-Signatures in Banking Use Case Demonstrations will feature Silanis’ Director of Business Architects, Yazan Alwaid, and show remote click-to-sign, electronic evidence playback, online delivery of disclosures and much more.

More Stories By Mary Ellen Power

Mary Ellen Power is Vice President of Marketing at Silanis Technology, a leading provider of electronic signature solutions. Ms. Power has led Silanis' customer relations and industry marketing efforts since 2000 where she has had the opportunity to engage with some of the world's largest insurance carriers, financial service providers, government organizations and analyst firms. Over the years, Ms. Power has acquired in-depth knowledge of the electronic signature market and its impact in real-world customer deployments.

Microservices Articles
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...
"NetApp's vision is how we help organizations manage data - delivering the right data in the right place, in the right time, to the people who need it, and doing it agnostic to what the platform is," explained Josh Atwell, Developer Advocate for NetApp, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, compared the Jevons Paradox to modern-day enterprise IT, examin...
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
Skeuomorphism usually means retaining existing design cues in something new that doesn’t actually need them. However, the concept of skeuomorphism can be thought of as relating more broadly to applying existing patterns to new technologies that, in fact, cry out for new approaches. In his session at DevOps Summit, Gordon Haff, Senior Cloud Strategy Marketing and Evangelism Manager at Red Hat, will discuss why containers should be paired with new architectural practices such as microservices ra...
In his session at 20th Cloud Expo, Scott Davis, CTO of Embotics, discussed how automation can provide the dynamic management required to cost-effectively deliver microservices and container solutions at scale. He also discussed how flexible automation is the key to effectively bridging and seamlessly coordinating both IT and developer needs for component orchestration across disparate clouds – an increasingly important requirement at today’s multi-cloud enterprise.
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin, ...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In their Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, and Mark Lav...
Many organizations are now looking to DevOps maturity models to gauge their DevOps adoption and compare their maturity to their peers. However, as enterprise organizations rush to adopt DevOps, moving past experimentation to embrace it at scale, they are in danger of falling into the trap that they have fallen into time and time again. Unfortunately, we've seen this movie before, and we know how it ends: badly.
TCP (Transmission Control Protocol) is a common and reliable transmission protocol on the Internet. TCP was introduced in the 70s by Stanford University for US Defense to establish connectivity between distributed systems to maintain a backup of defense information. At the time, TCP was introduced to communicate amongst a selected set of devices for a smaller dataset over shorter distances. As the Internet evolved, however, the number of applications and users, and the types of data accessed and...