Weekly News Roundup - 9.27.14

Mary Ellen Power, September 27, 2014

It's getting hard to believe that we're so close to October and the crisp weather that Autumn often brings. Like the seasons, the electronic signature industry keeps on changing as it matures and new solutions hit the market. This week was no exception, and we have plenty of news to bring you: Silanis to announce new Use Your Own Device solution At Silanis, we've always been big on emphasizing the key role electronic signature software plays in supporting mobile device use in a variety of sectors. However, banking has held out as a bastion for traditional signing methods as many organizations have struggled to completely erase traditional paper-based processes from their operations. Our new Use Your Own Device solution aims to solve this problem. The system enables consumers to use their personal smartphone or tablet to complete a variety of banking transactions, bringing all of the brick-and-mortar functionality of banks to mobile devices. "Use Your Own Device is the first-of-its-kind to allow banks to take the branch from brick and mortar to anywhere," said Tommy Petrogiannis, CEO and co-founder of Silanis Technology. "By leveraging the most powerful device available - a person's own mobile phone - customers can open an account at Starbucks, at the airport or in the comfort of their own home. And even more, with 100 percent of documents and data available electronically, the volume of e-transactions across financial institutions has climbed into the hundreds of millions annually, opening up an opportunity for detailed insight into customer behavior patterns and ultimately opportunities for selective marketing." California pushing for more e-signatures California is among the states featuring rapid rooftop solar panel adoption, but progress has been slowed by all of the paperwork that goes into filing permits. A recent Sacramento Business Journal report explained that the Governor's office is pushing for new legislation that would standardize some permit forms and enable e-signature use to help eliminate the backlog of solar panel installation permits facing government organizations. Australia a safe haven for e-signature use A recent iTNews report highlighted that there are still questions in many parts of the world about how viable e-signatures actually are in the court of law. Alan Tyree, a former professor of law and IT at the University of Sydney, told the news source that the nation's electronic signature policy allows e-signatures to function in the same way as pen-and-ink signatures in the court room as long as the processes used to capture the signature are reliable.