iSentry News

iSentry Research have been working hard to allow end users to access their DCX account from within an iPad application. The first version is being tested internally from today but we will shortly be looking for external testers. If you want to join the alpha testing, let us know by emailing development@isentry.com

iSentry kicked off 2012 with a record month, exceeding volume predictions on all systems with all clients.

Jirehouse Capital, an English legal practice based in London adopt iSentry Digital Handshake in 2012 to speed up contract and agreement signing between themselves, their clients and their business partners.

Jirehouse have announced plans to start using the iSentry Digital Handshake (DHS) within their existing iSentry Digital Content Exchange (DCX) through the use of the new DCX Workflow extensions.  Jirehouse Principal Stephen David Jones , said: “We have been using DCX to send and receive confidential information for several years now and we have used the e-Signing functionality within DCX on many occasions. The recent release of DCX Workflow means that we will be able to use DCX to collect multiple signatures, both electonically and on paper. We believe this will significantly speed up our turnaround time, whilst at the same time continuing to give us the audit trails, compliance and security that we already get from iSentry today”.

iSentry’s Digital Content Exchange (DCX) is a server based, secure email platform the allows organisations and individuals to seamlessly deliver and exchange confidential information. Supporting both individual message and web service based batch processing, Digital Content Exchange is used by some of the World’s biggest financial companies to send millions of packages a year.  iSentry’s Digital Handshake (DHS) is a standards-based electronic signature solution that allows financial institutions, government agencies, and corporate departments to eliminate dependency on physical paper, wet signatures and manual routing procedures.  More than just a platform for eliminating paper processes, DHS has been specifically designed to accommodate hybrid paper and electronic document processes. This key design consideration puts DHS in a unique class of electronic signatures solutions and provides financial, government and corporate institutions with a manageable way to transition from paper to electronic signature based processes.

DCX was recently extended to include DCX Workflow which leverages the iSentry DHS to allow clients to use the workflow signing scenarios with DCX to setup transactions for one or more signers. Each signer will receive the package in turn, they will be able to review the documents within the package, view and verify that the previous signers in the transaction have indeed signed the package and finally sign or reject the package themselves.  Whenever a signing occurs the e-signature of the signer is added to the package and also embedded into any PDF documents within the package. The signers and the initiatior receive email notifications as the package works it’s way through the signing sequence and the completed package with all the embedded e-signatures is then returned to the initiator. All the signing transactions take place within the DCX framework and this allows for all the same customization as in a standard DCX system which includes the option to paperout if required.

Gareth Evans, CIO of iSentry said: ” It’s taken a while but the markets and sectors we work in appear to be rapidly accepting the benefits of eSigning. Working with our US partners we successfully launched DCX Workflow late in 2011 , the first adopter in the US financial sector being one of the world’s largest financial firms. We are delighted to welcome Jirehouse as our first adopter in the legal space and we look forward to helping them enjoy a successful 2012 as they leverage DCX Workflow within their businesses”

The latest generation of DCX includes an enhanced version of DCX Workflow.  The recent deployment of this version of DCX for Wolters Kluwer as part of their WK SDX Q3-2011 product release has, in turn, allowed WK clients to start processing loan applications that require multiple signatures from co-borrowers.

Interest from existing lenders has been strong and one large lender has already started processing consumer loans via WK.  Through the use of DCX Workflow and DCX Web Services the lender was able to define a workflow package within their own application,  add multiple signers and documents and state which signer would be involved in the signing of which document.  Each signer receives the package in turn, they review the documents within the package, view and verify that the previous signers in the transaction have indeed signed the package and finally sign or reject the package themselves.

Whenever a signing occurs the e-signature of the signer is added to the package and their signature is also embedded into any PDF documents within the package. The signers and the initiator receive email notifications as the package works it’s way through the signing sequence and the completed package with all the embedded e-signatures is then returned to the initiator. No manual or desktop driven document mark-up is required in this process, thereby making it suitable for high-volume use as part of the workflow within the organization.

All the workflow signing transactions take place within the DCX framework, allowing all the same customization as found in a standard DCX system. This has allowed WK and their client to include many of the DCX features in use within the Mortgage Disclosure sector, such as package level challenge questions, reminders, proof-of-reader and finally auto expiry to paper.  The expiry to paper option has allowed WK and the client to seamlessly leverage the WK printing capabilities as part of the DCX workflow.

For more information on DCX please visit our website www.isentry.com

iSentry are pleased to announce that they have joined the Electronic Signature and Records Association. The Electronic Signature and Records Association (ESRA) is an important initiative focusing on e-signatures and electronic records.  Education is the primary mission of ESRA. The association is a centralized educational resource for its members and the public with respect to the legal, regulatory and operational issues in relation to the use of electronic signatures and records.

Gareth Evans, CIO, said “iSentry technology has been used to e-Sign thousands of documents a day in the mortgage and finance sectors for many years. However the ever increasing interest and rapidly accelerating acceptance of e-Signatures in these and other sectors makes it vitally important that the industry works together to ensure the adoption of best practices and common approaches. We were drawn to the ESRA and their primary mission for that very reason, joining seemed the obvious next step and we are delighted to have done so”

Disclosure Manager beats off  around a hundred rival entries to win the Wolters Kluwer Innovation Award for Greatest Value at the Point of Use, for its automation of the borrower disclosure process for mortgage lenders.  Disclosure Manager is partially powered by the iSentry Digital Content Exchange eDisclosure and eSigning engines.

For more details check out the Facebook posting from Wolters Kluwer  (http://www.facebook.com/wolterskluwer) or the Disclosure Manager website (http://www.wolterskluwerfs.com/info/disclosuremgr)