MINNEAPOLIS–(BUSINESS WIRE)–Wolters Kluwer Compliance Solutions and lightico collaborate to leverage the capabilities of Wolters Kluwer eOriginal suite of digital lending tools products, including its eVaulting technology, to improve transactions for Lightico customers. The alliance strengthens Lightico’s next-generation digital completion platform, which supports millions of interactions across insurance, automotive, telecommunications and finance.
With native integration across platforms complete, customers using Lightico’s Digital Completion Cloud for end-to-end customer interactions now have access to industry-leading eVaulting capabilities critical to ensuring digital loan compliance. for all parties involved in the initial transaction – and approved by the secondary market ecosystem for full loan sale, collateral and securitization.
“As digital interactions in the financial services industry grow, comprehensive solutions are more important than ever to ensure a smooth and easy journey for consumers and a compliant and flexible platform for businesses,” said Steve Meirik, Executive Vice President and General Manager of Wolters Kluwer Compliance Solutions. “We are thrilled to partner with Lightico, bringing our proprietary technology that enables Digital originals® in its system and providing the best eVaulting in a fast and efficient digital process. These capabilities ultimately help them better serve their lending customers. »
The integration allows users of Lightico’s Digital Completion Cloud to easily and seamlessly manage authoritative copies of digital assets such as e-contracts stored in eOriginal. safe offer. The Digital Completion Cloud enables B2C businesses to complete processes such as originating and servicing auto loans, insurance claims, and opening new financial accounts quickly and seamlessly. Codeless and mobile-first platform unifies e-signature, document collection, identification and verification, payment and more to enable B2C interactions to be completed in one highly convenient and efficient multi-purpose channel .
“To successfully digitize your processes, speed and efficiency are just as important as the ability to store documents in a fully compliant way, which is why this partnership with Wolters Kluwer eOriginal is essential to further strengthen the offering of Lightico to its customers,” said Zviki Ben. Ishay, CEO and co-founder of Lightico. “Furthermore, this partnership fills a critical need for many financial institutions on secondary financial market transactions.”
Lightico’s Digital Completion Cloud is used by leaders in banking, credit, insurance and telecommunications including Capital One, BT, Metlife and many more.
Wolters Kluwer Compliance Solutions is a market leader and trusted provider of risk management and regulatory compliance solutions and services for insurers, banks and credit unions and securities firms in the United States. The company, part of Wolters Kluwer’s Governance, Risk & Compliance (GRC) division, helps these financial institutions effectively manage risk and regulatory compliance obligations, and gain the insights needed to focus on better service to their customers and the growth of their business.
Wolters Kluwer’s GRC division provides a range of expert solutions to help financial institutions manage regulatory obligations and risk. Wolters Kluwer Compliance Solutions eOriginal® a suite of purpose-built digital lending solutions, for example, helps lenders digitize their transactions and offers e-signatures, collateral authentication and an e-vault. Compliance Solutions’ OneSumX® for regulatory change management tracks regulatory changes and organizes them to create value-added structured content through a single data feed combined with an easy-to-use software solution. Wolters Kluwer Finance, risk and regulatory reporting (FRR), meanwhile, is a global market leader in providing integrated regulatory compliance and reporting solutions. The division’s legal solutions activities are Company Wolters Kluwer CT and Wolters Kluwer ELM Solutions.
About Wolters Kluwer Governance, Risk and Compliance
Governance, Risk & Compliance is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency and drive better business results. GRC offers a portfolio of expert technology services and solutions focused on Legal Entity Compliance, Legal Operations Management, Banking Product Compliance and Banking Regulatory Compliance.
Wolters Kluwer (WKL) is a global leader in professional information, software solutions and services for healthcare; taxation and accounting; governance, risk and compliance; and the legal and regulatory sectors. We help our customers make critical decisions every day by delivering expert solutions that combine deep domain knowledge with specialized technology and services. Wolters Kluwer achieved annual sales of €4.6 billion in 2021. The group serves customers in over 180 countries, maintains operations in over 40 countries and employs approximately 19,800 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.
lightico is an award-winning SaaS platform that enables businesses to accelerate their customer journey through automated workflows. With Lightico Digital Completion Cloud™, businesses leverage no-code workflows to easily collect electronic signatures, documents, and payments from customers, and authenticate identity in real time, directly from the customer’s smartphone. By unifying previously siled stages of customer-facing processes, companies benefit from faster and shorter sales and service cycles, increase NPS, and dramatically improve their completion rates. Hundreds of companies, including Fortune 500 companies in highly regulated industries such as finance, insurance, and telecommunications, rely on Lightico to make their customer journeys more efficient and streamlined.