Banking Applications of Electronic Signatures

Banking and financial services routinely handle high volumes of highly sensitive consumer information. Speed, accuracy, and security are the three critical priorities where financial data is concerned. In each case, paperbound processes have become a liability.

Electronic signature capture enables instantaneous, signature-secure authorization of such financial documents as loans, new accounts, withdrawals, and credit card applications within seconds of signing. No more time-consuming and costly data input, storage, and retrieval of paperbound copies. Updates and modifications to accounts are readily available for customer signature.

An eSignature virtually eliminates the threat of forgery or fraud by electronically capturing the actual biometrics of a signature and inseparably binding it to a time-stamped document. Topaz offers software for both automated electronic verification (SigValid) or visual comparison of signature cards (SigCompare), helping to ensure the validity of electronic signatures.

The evolution of financial contracts, loans, stock purchases, and account applications away from paper to electronic signature capture blends seamlessly with the high-speed automation of electronic transactions today.