e-signature now available for highly-regulated industries

e-signature now available for highly-regulated industries | Insurance Business

e-signature now available for highly-regulated industries
Brokers making digital deals will be pleased that one company is deploying its e-signature solution on the IBM Cloud, allowing clients in highly-regulated industries access to data from that company’s data centre.

Silanis Technology’s e-SignLive will allow Canadian businesses, particularly those in highly-regulated industries – including financial services, government, real estate, insurance, healthcare and pharmaceutical – to sign and store documents securely in Canada.

“In businesses where e-signatures matter we are seeing rapid adoption worldwide, so it only makes sense for Silanis to offer in-country data residency everywhere we do business to better service our growing markets,” said Silanis Technology CEO and co-founder Tommy Petrogiannis. “Complementing our existing deployments in the U.S. and in the U.K., we are proud to add Canada to the list to address the needs of businesses in regulated industries.”

Concerns over data sovereignty have traditionally acted as barriers to cloud adoption, which has negatively impacted the ability for cloud organizations to close business faster.

Silanis real estate partner and electronic document management solution provider, Faltour, will take advantage of e-SignLive’s new Canadian-based instance.

“Now that we are able to offer real estate agents and their clients exclusive access to a Canadian data centre, the demand for in-country data residency will finally be met,” said Jean-Sebastien Dufault, CEO at Faltour. “Having this transactional data stored on Canadian soil eliminates any potential future requirement for consent to the storage of client data out of country, reassuring Canadian real estate associations.”

Silanis is the only e-signature provider that has completed the Service Organization Control (SOC) 2 attestation, a certification that focuses on security of the system and ensures controls are in place over a period of time. SOC 2 outweighs other security reporting measures including SSAE 16/SOC 1 and ISO 27001 in that it is the only certification that reports on the technology and operational controls that are relevant to the security of a system or service.

Achieving this level of security provides e-SignLive users with the assurance that stringent controls are always in place.