Fidelity and eOriginal partner for online contracting technology
Fidelity National Financial, Inc. (NYSE: FNF), a Fortune 500 provider of products and outsourced services and solutions to financial institutions and the real estate industry, and its Fidelity Information Services ("Fidelity") division announce a strategic alliance and licensing agreement with eOriginal, Inc., a leading enterprise software provider that supports the automation of the financing process.
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Digitally authenticated electronic document management, specifically electronic contract processing, is gaining interest and delivers a competitive advantage in the automotive finance industry. Fidelity and eOriginal will offer significant value in this arena by bringing together eOriginal's industry-leading Vault-in-a-Box (VIB) eContracting management software and Fidelity's Advanced Lending Solutions - Automotive Finance offering, which includes support from Fidelity's Advanced Technology Services (ATS) division.
"eOriginal's VIB is a great complement to Fidelity's electronic commerce solutions, and when combined with Fidelity's hosting and suite of technology services capabilities, it is easy to see the strength, value and synergy of this partnership," said Frank Sanchez, president, leveraged product development for Fidelity Information Services. "Banks and financial institutions will gain economies of scale as eContracting volumes increase dramatically over the next few years."