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Enhance Your Compliance Program

Create, review, and quickly get signatures on a wide range of financial and legal documents.

We have been helping financial services streamline their signing processes for years.  Now we are implementing unique capabilities to facilitate compliance by broker-dealers.

By using SIGNiX's FINRA/SEC-compliant digital signatures for the financial industry, you can answer the challenges of today's economy — the need to control costs and increase assets consolidate operations and manage global operations — all while adapting to new technologies and extending operations to the Internet.

Leading wealth management firms such as The Hartford, AIG, Transamerica, Allstate, Sterne Agee, Raymond James/Morgan Keegan and Legend Group have chosen SIGNiX to get assets under management faster and improve client experiences.

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FINRA Regulatory Notice 22-18

As you may be aware, FINRA (Financial Industry Regulatory Authority) is a self-regulatory organization that oversees the securities industry in the United States. It is important for broker dealers to ensure compliance with FINRA regulations in order to protect investors and to maintain the integrity of the financial markets.

FINRA has received a multitude of reports regarding registered firm representatives forging or falsifying electronic signatures intended for clients or colleagues.

These incidents highlight the need for member firms that utilize digital and electronic signature platforms to have adequate detection tools in place to identify and investigate potential instances of signature forgery or falsification.

Popular Use Cases

New Account Opening

IRA & 401K Rollovers

Change of Address Forms

New Advisor Onboarding

Account Change/Maintenance

Change of Beneficiary Forms

Transfer Assets

Purchase Orders

Contracts

Digital Signatures vs. E-Signatures

The terms "digital signature" and "e-signature" are often used interchangeably but there are important differences between the two technologies. These differences could make a significant impact when it comes to customer trust, document security, and legal compliance with industry and international standards.

 

Security

Digital signatures use advanced encryption techniques to verify the identity of the signer and the integrity of the document. This makes them more secure than e-signatures, which may be vulnerable to tampering or forgery.

Legal Recognition

Digital signatures are often given more legal recognition than e-signatures, as they provide a higher level of assurance regarding the identity of the signer and the authenticity of the document.

Non-Repudiation

Digital signatures provide non-repudiation, meaning that the signer cannot later deny having signed the document. This is not the case with e-signatures, which may be easier to forge or tamper with.

Auditability

Digital signatures create a secure and auditable record of the signing process, which can be valuable in legal or regulatory contexts. E-signatures may not provide the same level of accountability.

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