SIGNiX, a provider of secure digital signature services based in Chattanooga, Monday announced that Pershing LLC, a global business solutions provider in the financial services industry, has chosen to embed SIGNiX’s electronic signature features into NetX360®, Pershing’s online platform for investment professionals and RIAs.
“Pershing plays a key role in the expansion and use of electronic signatures in the financial services industry,” said Jay Jumper, president and CEO of SIGNiX. “With this new integration, advisors can offer clients an improved onboarding experience while maintaining the appropriate level of controls to establish new relationships.”
In addition to boosting mobility and security, SIGNiX’s signatures save time and money for financial advisors, said officials. The technology replaces the process of sending, receiving, fact-checking and filing paper documents. Instead, advisors can prepare documents in minutes with the assurance that every finished document will come back without any missing signatures, said officials.
"Our legal and compliance teams carefully reviewed the top e-signature vendors, and SIGNiX was the clear winner," said Michael Nesspor, managing director of Pershing. "Security and compliance are two huge concerns for our clients, and SIGNiX put those concerns to rest by offering an easy-to-use service that provided more document protection and evidence than any other product on the market."
By embedding SIGNiX’s Signature Engine into NetX360, Pershing clients will be able to open accounts entirely online using secure digital signatures. This will help advisors grow their business, better serve clients, reduce expenses, increase efficiency and enhance compliance oversight, said officials. The embedded e-signature product will feature customizable workflows (Client Choice) as well as many key features of SIGNiX’s products, including: tamper evidence, signer identity authentication, Vendor Freedom and a highly detailed, digitally signed audit trail.
“Brokerage documents last generations, not just a couple of years, and Pershing needed an e-signature technology that is based on standards that will stand the test of time,” Mr. Jumper said. “We rise above the competition by offering digital signature technology that will be valid decades into the future.”
This announcement comes in the wake of news that firms clearing through Pershing may submit documents signed using SIGNiX’s technology.