eSignature solution for banking industry

REDWOOD SHORES, USA: Communication Intelligence Corp., a leading supplier of electronic signature solutions for business process automation in the financial industry and a leader in biometric signature verification, has formed an alliance with CSC, a leading IT services company.

Under the agreement, CSC will incorporate CIC's SignatureOne CeremonyServer  software into selected CSC banking systems sold as licensed software and hosted as software-as-a-service (SaaS) offerings.

Under the terms of this agreement, CIC will provide CSC with its SignatureOne Ceremony Server solution. CSC will incorporate and package CIC's secure signatures into several enterprise applications and offer this service directly to its clients, expanding CSC's broad portfolio of financial services solutions.

This solution will enable the rapid deployment of fully paperless transactions and provide CSC's clients significant return on their investments based on further compression of current business cycles, increased customer satisfaction, as well as major reductions in shipping, data entry and rework due to errors/omissions associated with paper-based transactions.

Increases in default and foreclosure rates, especially in the subprime sector, have prompted a new urgency to control risk and default management and opened up opportunities for new technological solutions. CSC has several offerings, including its EarlyResolution default management application, that provide lenders the tools to address potentially problematic mortgage loans.

CSC's first eSignature implementation, which is for a top ten US bank, is part of an end-to-end solution enabling the approval of documents required to complete one of a wide range of reinstatement and workout options for troubled loans. With eSignature, the servicer will be able to process loan modifications more efficiently and effectively. Workout processing and closing will be substantially expedited with this paperless process.

The SignatureOne Ceremony Server is a J2EE server product that provides the capability to define and manage an electronic signature process within a Service Oriented Architecture (SOA) to be implemented in an On-Premise Deployed Model or through a SaaS environment. This product enables the use of web services to pass documents and/or packages of documents and related XML metadata to a server that facilitates end-to-end management of multi-party approvals of PDF documents.