Biometric firm CIC wins e-signature contract

November 2, 2012 - 

Communication Intelligence Corporation, a supplier of electronic signature solutions and the recognized leader in biometric signature verification, announced that a major U.S. financial services leader and current Company client with approximately a trillion dollars under management, integrated the electronic signature capabilities of CIC’s iSign Cloud service with its annuity sales technology platform.

CIC enables companies to achieve truly paperless workflow in their electronic business processes by providing multiple signature technologies across virtually all applications. CIC’s solutions are available both in SaaS and on-premise delivery models and afford “straight-through-processing,” which can increase customer revenue by enhancing user experience and can also reduce costs through paperless and virtually error-free electronic transactions that can be completed significantly quicker than paper-based procedures.

“We are pleased to announce this expansion of the relationship with one of our longest-standing financial services clients,” stated Robert Williams, CIC’s Vice President, Sales. “With this new high-security integration, CIC is providing true straight-through processing for annuity contracts, making it faster, easier and significantly more cost efficient. There is no need to print paper, gather handwritten signatures, forward documents to different signers and return them for completion. Our client will benefit from reduced back-office expenses, ease of tracking the transaction status, full audit record of the signing process, reduction of errors and automated electronic delivery of the signed documents.”

“The addition of the iSign Cloud capabilities by this key client reflects the increasing adoption of Software-as-a-Service solutions in our target markets, where appropriate for the client’s specific application,” added Williams. “We expect this pay-per-transaction implementation to build upon the recurring part of our revenue stream, and is another example of our ability to efficiently and timely complete challenging enterprise integrations.”

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About Stephen Mayhew

Stephen Mayhew is the publisher and co-founder of Biometrics Research Group, Inc.. His experience includes a mix of entrepreneurship, brand development and publishing. Stephen attended Carleton University and lives in Toronto, Canada. Connect with Stephen on LinkindIn.