They have to co-ordinate their respective schedules, and then arrange a time to meet with the bank’s representative. It’s time-consuming for the couple and the mortgage specialist and uses up a considerable amount of paper.
That’s one of the main reasons Ms. He started Signority in late 2010. The firm has developed a system that allows people to sign for documents electronically.
The mortgage specialist would pay Signority for its service and then send the documents electronically. Everyone who needs to can sign the document at their convenience, saving time for all parties.
The company’s main clients are universities, law firms and non-profit organizations, she says.
But not everyone is comfortable with trading in a paper and pen for an electronic device when it comes to providing their John Hancock. Ms. He concedes her team still has some work to do to convince potential customers that the service Signority offers is as reliable and secure as the old-fashioned way.
There is also a need to make sure the technology is in line with the rules in particular industries, she says.
However, Ms. He believes there is immense potential, given the growing popularity in recent years of electronic devices such as tablets and mobile phones. Signority also makes use of cloud computing, which has received some buzz over the last few years.
The firm is looking at legal frameworks in other countries so it can market the technology internationally, she says.
Founded: 2010
Local head count: Five full-time employees, plus interns and contractors
Funding: IRAP
Clients: About 150; would not disclose specifics
Product: Technology that allows companies to get signatures for documents by sending an e-mail or phone text.
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