People equipped with an Interlink ePad signature capture device and Laser App software can safely capture the clients' e-signature. KMS Financial Services, Inc. is the first broker-dealer to benefit from a straight-through-process with its representatives. Thousands of standard financial services forms can now seamlessly integrate the e-signature functionality of Interlink's IntegriSign software, announced Interlink Electronics Inc. and Laser App Software.
Mr. Rod Vesling, Vice-President of Sales and Marketing with Interlink Electronics Inc, stated: "A complete end-to-end electronic process with broker-dealers can significantly increase productivity for the over 2 million independent agents and representatives in the United States. Enabling a straight-through-process (STP), eliminates the inefficiencies associated with the printing and mailing of documents."
In addition, Mr. Robert Powell, Marketing Director with Laser App Software, said: "By adding e-signature capabilities to Laser App Software, agents reap all the benefits of an end-to-end electronic process: greater efficiency, increased compliance and cost-savings. But automating the process between the broker-dealer and the representatives is just the beginning; Interlink Electronics and Laser App are working with the product companies to ensure that the straight-through process is maintained when the form is forwarded to them from the broker-dealer."
The goal is to define a set of standards and processes that offer electronic documents the possibility to circulate from the consumer to the broker-dealer and finally to the product companies. First to deploy the solution is KMS Financial Services, Inc., a privately owned broker/dealer with 360 registered representatives nationwide. Straight-through-processing is a current NAVA (National Association for Variable Annuities) initiative.
Cai Campbell, VP Information Systems at KMS, explained: First to deploy the solution is KMS Financial Services, Inc., a privately owned broker/dealer with 360 registered representatives nationwide. "We saw the e-signature-enabled Laser App forms as a key advantage for us on two levels. An efficient electronic transaction will help our representatives offer better customer service. And the focus on generating business rather than managing paper can help us attract qualified, experienced representatives." With the use of the IntegriSign Software Developer Kit (SDK), Laser App can e-signature-enabled their library of financial and broker-dealer forms. After the signature is securely transferred from the ePad, IntegriSign encrypts and permanently embeds the signature in the document, along with other signature data such as date and time.
For more information visit:
http://www.interlinkelectronics.com/ .