IBM Names Silanis Best Industry Solution for Banking with Prestigious Beacon Award

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Win marks Silanis’ second award in three years for best business partner solution in two industries

Infographic - The Value of E-Signatures in Banking

Infographic - The Value of E-Signatures in Banking

IBM recognizes that Silanis’ on-premise and cloud e-signature solutions are a strategic technology for banks, architected for scalability and performance.

Silanis, the leader in enterprise electronic signature solutions with more than 600 million documents processed annually, has been awarded the IBM Beacon Award for Best Industry Solution for Banking. This prestigious honor is given once a year to an IBM Business Partner in recognition of their information technology excellence, commitment to skills attainment, industry knowledge and innovative solutions. Chosen by leading industry influencers and IBM executives from among hundreds of nominations worldwide, Beacon Award winners set the global standard for business excellence.

The IBM Beacon Awards recognize IBM Business Partners who have delivered exceptional solutions. By delivering innovative solutions proven to drive business value, Beacon Award winners help transform the way their clients, their industries and the world do business. This Beacon Award for Best Industry Solution in Banking recognizes an IBM Business Partner who has brought to market a key innovative industry solution delivering the key value propositions of Smarter Planet with IBM Industry Solutions alignment to a Banking client.

“Winning the IBM Beacon Award is testament to our e-signature platform’s seamless integration with IBM solutions, enabling banks to create the best and most competitive customer experience with the ability to complete e-transactions in any sales distribution channel,” said Tommy Petrogiannis, CEO and co-founder of Silanis Technology. “Clearly IBM recognizes that Silanis’ on-premise and cloud e-signature solutions are a strategic technology for banks, architected for scalability and performance.”

Earlier last year, Silanis used IBM’s labs to successfully load-test a transaction volume exceeding 3,000,000,000 e-signed documents annually. “While undergoing this scalability testing, we created the planning models and documentation to help enterprises with performance tuning, capacity planning and scalability analysis. As a result, massive volumes of business transactions can be processed while maintaining sub-second response times" said Petrogiannis. Today Silanis’ customers are processing upwards of 100,000 transactions per day.

In an accompanying infographic, Silanis explains the value of electronic signatures to the banking industry, citing significant risk mitigation and millions of dollars in savings across numerous banking processes and products. Together, IBM and Silanis are able to create a tightly integrated, highly scalable solution that reduces risk to banks by ensuring transactions are executed from start to finish, while automating the enforcement of business rules. Account openings and loan documentation gets completed correctly the first time in a single session.

"The Beacon Awards are a central and vital element of IBM's Business Partner recognition program," said Mark Hennessy, General Manager, IBM Global Business Partners. "Recipients of these awards exemplify the ability to deliver business value to clients through innovative solutions, technical excellence and industry expertise. We congratulate Silanis on winning the Best Industry Solution for Banking and demonstrating their commitment to delivering innovation and business value to our mutual clients."

Awarded at IBM’s PartnerWorld Leadership Conference in Las Vegas, Nevada, Silanis was among 30 IBM Business Partners worldwide to receive a Beacon Award. View the full list of winners and finalists here. Silanis was also awarded the IBM Beacon Award for Best Industry Solution in Insurance in 2012, with its multiple wins a rare feat for an IBM Business Partner.

To learn more about IBM PartnerWorld, a comprehensive program that offers marketing and sales resources, training, certification and technical support to help create new revenue and market opportunities for IBM Business Partners, visit http://www.ibm.com/partnerworld.

About Silanis

Silanis is the most widely used e-signature solution in the world, responsible for processing more than 600 million documents annually. Founded in 1992, Silanis’ solutions e-Sign Enterprise and e-SignLive enable thousands of organizations, including four of the top 10 North American banks, eight of the top 15 insurance companies and the entire US Army to accelerate business transactions, improve customer experience and reduce costs while improving compliance with legal and regulatory requirements. Silanis provides the most flexible deployment options with its on-premise, cloud and SaaS e-signature solutions, eliminating manual, paper-based processing and enabling e-commerce and e-government transactions to be electronically executed from start to finish.

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Sarah Milner
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