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Importance Of Electronic Signatures in Finance Industry


By taking advantage of advancements in technology, particularly, the invention of e signature services, across entire processes, financial institutions can handle some of the biggest challenges that they are facing in this day and age. Check out the next slides to learn more!!


1. Economies of scope

Since less paper is involved, banks, financial brokers and other players in the lending sector can now save on printing cost, as well as transportation costs. Using an e signature service also expedites the approval and authorization process for client transactions and facilitates easy access to signed contracts and documents, as all electronic documents are accessible in real time.


2. Sign documents on any device, anytime

Many customers prefer electronic signature nowadays. Demographics, Mobile technology and the belief that everything must take place (almost) in real time make eSign services across the financial sector more acceptable. Customers want to interact with their bank or designated financial institutions anytime they wish, and wherever they are.


3. Streamline customer on-boarding

Players in the financial sector must adhere to the Know Your Customer (KYC) verification measures to make sure that new clients are actually who they say they are. With electronic signature service you can streamline this process and cut the time required for KYC process considerably.


4. Improve your compliance stance

The financial services sector is vastly regulated. Implementing electronic signatures can boost your compliance stance compared to the ink and paper signatures. E signatures are known to present great authentication methods, tamper-evident seal, secure encryption, all with a court-admissible and legally binding audit trail.


5. Reinforce brand image

The use of electronic signatures creates a positive notion, especially at the customer level. Why is this? Lenders and financial services companies that use e signatures are perceived as innovative, which then gives the customer the idea that, they are good at customer service and fighting fraud.


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Website - https://www.esigngenie.com Email ID - info@esigngenie.com Phone No - (408) 560-3900

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Advantage of Electronic Signatures in Finance Sector  

Like every industy finance sector is also taking full advantage of electronic signatures to grow their business and resolve biggest challeng...

Advantage of Electronic Signatures in Finance Sector  

Like every industy finance sector is also taking full advantage of electronic signatures to grow their business and resolve biggest challeng...

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