Deutsche Bank has implemented a digital signature tool to help accelerate account opening for corporate and institutional clients.
The bank is leveraging DocuSign’s digital signature technology to support this new tool. The new solution was tested with US-based Honeywell, a developer of commercial and consumer products, engineering services and aerospace systems.
By digitising account openings and document signings, Deutsche Bank hopes it will lower costs and processing times, while increasing efficiencies of contractual process for clients and Deutsche Bank.
Clients can use the digital signature to open accounts, sign documents and buy products from the bank. This new service is available to many corporate and institutional clients in the US, the UK, Germany, Belgium and the Netherlands.
Honeywell assistant treasurer EMEA and Asia Marie-Astrid Dubois said, “In an increasingly digital working environment, we are always looking to our banking partners to help us enhance efficiencies and further digitise processes.
“Deutsche Bank’s new digital signature solution is a good example of how banks can introduce new technology to enhance existing banking partnerships. This solution is a nice and obvious fix to the otherwise cumbersome collection of wet signatures.”
Deutsche Bank recently chose SmartStream Technologies to streamline, simplify and reduce the costs of its reconciliations environment. Earlier this year, the bank also acquired India-based Quantiguous Solutions, an API solution developer for financial institutions.
The bank’s new electronic document signing partner, DocuSign recently formed another partnership signing an agreement with with Seal Software, a provider of content discovery and analytics solutions. Through the deal, DocuSign distributes Seal Software technologies through its platform extensions program.
The integrated platform extensions from Seal include DocuSign Total Search, which will enable customers to centralise all of their digital agreements, organise them using metadata (structural data), and search inside them using natural language terms (unstructured data).
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
