Auckland based digital signature provider, Secured Signing, has teamed up with New Zealand company Intersoft Systems, developer of the finPOWER Connect loan management software, to secure loan documentation for FinPOWER Connect and its users.
According to Secured Signing, its technology will enable borrowers to complete loan origination documents in minutes, using secure, online signing without lenders needing to work across multiple systems.
“The ability to send documents for online signing directly from within finPOWER Connect is quick and convenient for the lender's staff and saves the business the cost and wasted effort of working with paper,” Secured Signing said.
It claimed the use of its technology had added to finPOWER Connect the convenience of online signing of loan origination documents and the authenticity and reliability only possible with PKI based digital signatures. “Secured Signing enables customers to sign with a few touches on whatever device they have handy, wherever they happen to be, whenever it suits them. … Security is not sacrificed for convenience, with Secured Signing delivering personal, PKI based digital signatures that can be validated independently to verify the identity of the person who signed the document and the integrity of the document content.”
Paul Thompson, CEO of Intersoft Systems, said “Integrating Secured Signing's capabilities into finPOWER Connect gives our customers the simplest path to offer borrowers the convenience of online signing, while ensuring they continue to meet their compliance obligations.”
Secured Signing said the end result was “time saved for both lender and borrower, significantly quicker execution of the transaction and the compliance value of a demonstrably authentic and tamper proof electronic original.”
According to Intersoft, finPOWER Connect is in use by over 400 sites around Australia, NZ and the Pacific Islands.