LINDEN, N.J.--(BUSINESS WIRE)--IMM, a provider of innovative eSignature, workflow and document solutions for financial institutions, has recently added 10 banks to its cloud-based eSignature solution, Document Exchange.
These banks range in assets from $450 million to $4.6 billion and span multiple cores, deposit platforms and lending systems; IMM notes that these institutions are also exploring newer use cases for Document Exchange. Traditionally, financial institutions have more commonly used eSignatures for lending applications, closing documents and disclosures. IMM’s most recent bank customers are realizing the expanded value of eSignatures when applied to ACH and wire transfers, trust associated documents, stop payment requests and more.
Philip Elwyn, director of sales at IMM, explained, “There is broader usability of eSignatures in the financial industry than some might think. While eSignatures have been widely accepted for several years by credit unions, the banking community has only recently begun to embrace the technology. We are projecting very high growth and adoption of eSignatures in 2014, as we expect financial institutions will continue to push the boundaries of eSignature opportunities similar to other industries like the government, real estate and insurance, which have already found widespread success.”
IMM recently shared that its introduction of Document Exchange is one of the company’s most popular and successful product launches to date. eSignatures ease the burden of meeting complex document environments – like state and federal regulations – plus provide deeper security with additional authentication options versus their wet-ink counterparts. With eSignatures, financial institutions have a new aspect to their mobile and online strategy that enables them to fulfill remote closings of key transactions, bringing new meaning to convenience and on-demand, self-service.
Document Exchange is powered by Adobe® EchoSign® and is device and browser agnostic for document signing. Once the cloud-based signing is complete, all electronic signatures and records produced are legally enforceable. IMM is integrated with the major financial services core and lending/deposit systems as well as ECM/imaging systems in order to provide a complete end-to-end solution for the financial industry.
Based in Linden, N.J., IMM develops and delivers innovative technology solutions that enable financial institutions to electronically streamline their business operations and processing environments. With a strong and secure legacy of serving more than 600 banks and credit unions with solutions for eSignature capture, business process (workflow) automation, and document presentment, IMM continues to create advanced software applications that promote clients’ sustainability while dramatically increasing productivity and operational efficiencies. The company is a longtime advocate of eSignature adoption and education, active in ESRA to advance the public’s understanding of issues surrounding the use of electronic signatures and records.