Communication Intelligence Corporation ("CIC") (OTC Bulletin Board: CICI), a leading supplier of electronic signature solutions for business process automation in the financial industry and the recognized leader in biometric signature verification and Striata, the leading North American provider of email bill presentment and payment, announced today that they have entered an agreement to provide their products and services as an integrated solution for the financial services industry.
Under the terms of the agreement, CIC will provide its industry proven electronic signature technology for Striata secure electronic document delivery cic.comand email bill payment. The joint product offerings represent an ideal solution for virtually any financial application requiring electronic approvals.
As a global eDocuments and eBilling software application developer and services specialist, Striata provides both proven solutions and cutting edge methodologies to maximize both high volume consumer and business to business paper turn off initiatives. Striata has an impressive legacy of dramatically reducing paper, from your local bank to the world's largest financial institutions.
The combined offering enables Striata to offer electronic signature capabilities to its current financial institution customers and extend its platform into new areas of investment and insurance products.
"The financial services industry is administratively burdensome and very paper-intensive," stated Garin Toren, Chief Operating Officer of Striata. "Incorporating CIC's electronic signature technology into our product offering enhances our initiative for providing solutions that reduce costs, increase document security and integrity as well as providing the final and essential step for our customers to easily migrate to a truly paperless environment."
CIC's eSignature solutions have provided documented ROI and are proven to meet the requirements of the most demanding and successful firms in the industry as well as affording top tier software solution providers the opportunity to meet the need to deliver electronic signature based solutions which enhance the customer experience while providing an exceptional competitive advantage.
"We continue to identify select integration partners capable of expanding our technology within key vertical market segments," stated Guido DiGregorio, CIC's Chairman & CEO. "We expect our partnership with Striata and the integration of eSignature with eDelivery and eBilling to be a major opportunity for increasing revenue growth for both firms and to provide further penetration in the financial services industry worldwide."