CUNA Strategic Services, eSignLive e-Signatures Alliance Can Assist Credit Unions with Member Sign-Up, Loan Fulfillment, Paperless Processing
MONTREAL, QC and MADISON, WI, December 3, 2013 – CUNA Strategic Services, Inc. (CSS) has chosen Silanis Technology as its exclusive electronic signature provider for U.S. credit unions. Through this alliance, credit unions will benefit from significantly reduced pricing and the reassurance that CSS has done extensive due diligence and chosen an electronic signature solution appropriate to address the unique needs of credit unions. CSS sought an alliance in this product set because it recognizes as the pressure mounts for credit unions to stay compliant with changing regulations, they must also continue to find new growth opportunities, especially with the youth market. CSS recognizes these challenges and, through this program to offer Silanis’ e-SignLive™, is providing access to technology that will help credit unions improve compliance, reduce risk, and lessen operational costs, said Wes Millar, CSS senior vice president. “Electronic signatures can help credit unions expedite new member on-boarding and loan processing for members while ensuring business rules and compliance standards are being met,” said Millar. “Silanis is a proven leader in the industry, processing more than 600 million documents annually.” The alliance between CSS and Silanis is the outcome of an extensive market review, in which CSS evaluated several major e-signature vendors. Ultimately, Silanis was selected based on the solution’s flexibility, legal protection and ease of use. “E-signatures align perfectly with the desire from credit unions to provide superior service, greater transparency and a reduced carbon footprint,” said Silanis Technology CEO and co-founder Tommy Petrogiannis. “That’s why Silanis is excited about this alliance with CSS, because it will make it even easier for a greater number of credit unions to get started with e-signatures.” Silanis recently started working with Sharonview FCU, a $1.03 billion-asset credit union in Fort Mill, S.C, to automate the secure delivery of mortgage disclosures. In a press release, Chief Information Officer Mark Johnson said e-signatures will help the credit union serve its widespread membership and move to straight-through processing.
About CUNA Strategic Services CUNA Strategic Services Inc., owned jointly by Credit Union National Association (CUNA) and the state leagues, saved credit unions more than $30 million in 2012 through its alliance programs. It provides credit unions with access to quality products, services, and technologies delivered with a competitive advantage made possible through volume pricing and strategic program development. For more information, visit cunastrategicservices.com. About Silanis Technology Silanis is the most widely used e-signature solution in the world, responsible for processing more than 600 million documents annually. Founded in 1992, Silanis’ solutions e-Sign Enterprise and e-SignLive enable thousands of organizations, including five of the top 10 North American banks, eight of the top 15 insurance companies and the entire US Army to accelerate business transactions, improve customer experience and reduce costs while improving compliance with legal and regulatory requirements. Silanis provides the most flexible deployment options with its on-premise, cloud and SaaS e-signature solutions, eliminating manual, paper-based processing and enabling e-commerce and e-government transactions to be electronically executed from start to finish. Learn more at www.silanis.com.