First American Bank is to deploy California-based Communication Intelligence Corporation's (CIC) biometric electronic signature software, Sign-it, throughout the bank's branches to provide e-signature approval capabilities to its customers.
The software will enable the bank to securely capture its customers' signatures electronically on a broad range of legal documents including retail loans, commercial loans, mortgages, new account signature cards, account maintenance forms and IRA forms. These Adobe Acrobat PDF documents are signed, processed internally and then made available to the rest of the internal operational departments through a Web-based application for review and additional processing.
Kim Kohon, senior vice president for First American Bank says: "Our aim is to reduce costs and minimise the processing time required to approve various documents. With CIC's Sign-it application we have increased efficiency while maintaining the security of our documents."