Transforming the Signature: E-Signature Vendors in Banking

by Stephen Greer, May 23, 2017
Vendor Reviews
Global, North America

Abstract

Over the past 5 to 10 years, these concerns over e-signatures have almost entirely disappeared as the market has reached a broad consensus related to their value.

Celent has released a new report titled Transforming the Signature: E-Signature Vendors in Banking. The report was written by Stephen Greer, an Analyst with Celent’s Banking practice.

Digital transformation has changed the market and E-signature vendors have become a larger part of the industry and thereport compares the major offerings in the market.

The question of e-signatures in banking has revolved around their viability to secure offerings within the customer lifecycle. Over the past 5 to 10 years, these concerns have almost entirely disappeared. The market has reached a broad consensus on their value.

Global regulations have helped ensure global standards for their use. Banks are aggressively looking for ways to improve operational efficiency, and consumers are used to electronic signatures in many other industries and activities.

“The benefits of e-signatures have outweighed concerns about the legal risks of using them,” commented Greer. “The sheer number of implementations within banking has lessened many of the previous concerns, improving comfort levels across the industry. The result is more widespread use of e-signature in bank processes and applications, in turn creating even more opportunity for vendors in the space,” he added.

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

Executive Summary

1

Overview of E-Signatures

2

Technology Summary

8

Recommendations

15

Appendix 1A: E-Signature Vendors

17

Adobe Systems Inc.: Adobe Sign (an Adobe Document Cloud Solution)

19

AlphaTrust Corporation: PRONTOSign

23

Barracuda Networks: SignNow

27

DocuSign: DocuSign Signature

31

eOriginal: eOriginal Signature

35

eSignLife by Vasco: eSignLive

39

Euronovate SA: Euronovate E-Signature Platform

44

Kofax: SignDoc

48

Namirial, Spa : SIGNificant, xzymo, eSignAnywhere, and Graphosign

52

SIGNiX, Inc.: SIGNiX MyDoX

56

Wolters Kluwer E-Sign

60

Leveraging Celent’s Expertise

64

 

Support for Financial Institutions

64

 

Support for Vendors

64

Related Celent Research

65

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