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Banks Prefer On-Premise Solutions for E-Signing in Transactions and Contract Management - According to Cloud Computing Expo’s website: “94% of enterprises are using some sort of XaaS software, platform, and infrastructure as a service.” But this number doesn’t tell the whole story - SOFTPRO.de
Banks Prefer On-Premise Solutions for E-Signing in Transactions and Contract Management

 

PRZOOM - /newswire/ - Westlake Villiage, CA, United States, 2014/07/17 - According to Cloud Computing Expo’s website: “94% of enterprises are using some sort of XaaS software, platform, and infrastructure as a service.” But this number doesn’t tell the whole story - SOFTPRO.de. NASDAQ & LSE: KFX

   
 
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An October 2013 report by the Aite Group, LLC, Cloud Computing for Banks: Evolution or Revolution?, shows that banks are adopting cloud solutions, but for non-mission critical applications. According to the report, the more complex the application the more likely it will be deployed on-premise versus in a public cloud. This obervation is also confirmed by a survey of "Bankmagazin" a German Finance IT media, publishing a rerport about the willigness to adopt cloud computing in June 2014.

SOFTPRO’s SignDoc ESignature Software Suite is successfully deployed by banks worldwide who are leading the digital banking transformation. These financial institutions are using SignDoc to transact electronically regardless if the approval process is completed online through a standard browser, or esigning in-branch with a tablet.

“Large organizations, including banks, are constantly evaluating their technology and must modernize their legacy systems, sometimes dating back 20 years,” explains David Albertazzi, Senior Analyst and author of the report. “One of the recommendations made in the report is for banks to become familiar with cloud solutions by starting with non-critical systems and non-sensitive banking activities such as office productivity, email, and procurement.”

The Aite Group report also addresses the US and European regulatory issues surrounding cloud computing services, highlights the banks’ perceived risks, and identifies the differing attitudes towards the cloud depending on the deployment options: public, private, community or syndicated cloud. Aite Group: Report "Cloud Computing for Banks: Evolution or Revolution?"Bankmagazin 6/2014: Report about Cloud Computing in BankingCloud Computing Expo Website
Brief Profile of Softpro - The E-Signature Professionals

The Softpro Group (softpro.de) is a world leader in developing and marketing products and solutions for the digital capture, management and verification of handwritten signatures.

Softpro's fastest growing line of business is E-Signing solutions. Softpro produces E-Signing software that ranges from Software Developer Kits to a complete platform for Web-based signing. The products are compatible with a wide range of devices for signature capture - including basic pen pads, Tablet PCs as well as iPad and slate computers.

E-Signing solutions have proven to lower daily costs, accelerate business processes, eliminate errors, and protect documents against manipulation. E-Signing with Softpro is environmentally friendly and thus supports Green initiatives and corporate social responsibility programs.

 
 
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Banks Prefer On-Premise Solutions for E-Signing in Transactions and Contract Management

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Contact: Jörg-M. Lenz - SOFTPRO.de 
+49 7031 66 06 55 joerg.lenz[.]softpro.de
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any SOFTPRO GmbH | Kofax Limited securities in any jurisdiction including any other companies listed or named in this release.

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