Agile Computing Authors: Yeshim Deniz, Elizabeth White, Zakia Bouachraoui, Liz McMillan, Pat Romanski

Press Release

Silanis E-Signatures Chosen for Saas-Based E-Contracting Platform

Silanis' e-Sign Enterprise Platform will be integrated with the IOCS e-contracting platform

Silanis Technology has announced that its e-Sign Enterprise Platform solution has been selected to provide advanced electronic signature process management capabilities for the IOCS e-contracting platform.  As a multi-tenant e-commerce SaaS for the processing of complex agreements, IOCS enables retailers, lenders, and insurers to quickly move to paperless processing of consumer applications, while ensuring compliance with the strictest industry regulations and capturing the strongest legal evidence.

“As a UK-based solution provider, we made it a top priority to deliver our clients a secure and compliant, e-contracting service that meets the strict Consumer Credit Act (CCA) regulations in the UK,” said Abe Smith, CEO of IOCS.

“We chose the e-Sign Enterprise Platform from Silanis after an analysis of 25 leading solutions, because of its unique ability to meet complex business requirements, the strength of the legal evidence captured by the solution, and its proven track-record at top-tier financial services and insurance organizations.”

In the past, companies looking to transition to paperless processing had to build or buy many different solutions or services, from online application to eID, anti-fraud, document generation, e-signatures and storage, and then integrate the components into their core systems. The end-result often proved to be expensive, slow to implement, inflexible, and of questionable legal enforceability.

IOCS, on the other hand, provides clients with a modular, cloud-based SaaS platform that incorporates all of the components needed to facilitate the automated, inter-party execution of enforceable complex agreements.

The Silanis e-Sign Enterprise Platform is responsible for orchestrating the transaction process in compliance with all business, legal and regulatory requirements during the document presentation, review and signing stages of the process, as well as recording the web process from start to finish to provide even stronger legal evidence than is possible using pen and paper.

IOCS works with a number of leading retailers and financial service providers. For example, one global provider of financing solutions operating across multiple product lines uses IOCS to automate B2C financing for their retail partners. Using the service enables them to decrease application processing time from days to minutes, and to eliminate the cost of printing, delivery, error checking, scanning and data entry.

One of the world’s largest consumer electronics retailers is working with IOCS to offer instant electronic financing solutions both in-store and online. Advantages to the retailer include higher take-up rates, higher acceptance rates and higher completion rates.

About IOCS
Founded in 2009 by an experienced team of industry experts, IOCS is the world´s first multi-tenant e-commerce platform for the processing of complex agreements (higher risk, higher value transactions which have traditionally necessitated some form of paper contract: e.g. credit, leasing, insurance). Our initial focus is on point-of-sale finance, insurance and banking, but the service is extensible to a wide range of range of markets, verticals and processes.

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.

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.

IoT & Smart Cities Stories
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...