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Central 1 enables credit unions to offer paperless account opening and lending with eSignLive e-signatures

VANCOUVER, BC—Central 1 Credit Union (Central 1) has partnered with VASCO Data Security International, Inc., a global leader in digital solutions including identity, security and business productivity, to integrate eSignLive™ electronic signature technology into Central 1’s new omni-channel member and loan Origination Solutions -- Open Anywhere™ and Borrow Anywhere™.

The eSignLive solution will provide Central 1’s credit unions and other financial institutions with the ability to offer paperless account opening and lending experience both in-branch and online by capturing signatures securely and efficiently anytime, anywhere, on any device.

“The integration of e-signatures offers operational efficiencies for credit unions and significantly enhances the user experience for their members,” said Kelly West, AVP Product Management at Central 1. “It’s a complete digital experience -- identity can be digitally verified and consent and signatures collected without the customer depositing a cheque or filling out paperwork. They can fund new accounts with Interac e-Transfer®.”

“Central 1’s unique partnership with VASCO will provide all credit unions using our Origination Solutions with out-of-the-box omni-channel e-signatures functionality,” said Guy Kutany, Product Director at Central 1. “Participating credit unions will further benefit from attractive pricing for e-signatures.”

“Financial institutions are increasingly pressed to serve members digitally and ensure member value in the services they deliver,” said VASCO President and Chief Operating Officer, Scott Clements. “In partnership with Central 1, VASCO will help ensure credit unions and other financial institutions are able to see the value in enabling digital services and enlisting their members’ trust in transacting in the digital world.”

About Central 1

With offices in Vancouver, Mississauga and Toronto, Central 1 holds on balance sheet approximately $18.0 billion in assets. We provide wholesale financial products, trust services, payment processing solutions and direct banking services to almost 300 credit unions and institutional clients from coast to coast.

In addition, Central 1 is the primary liquidity manager, payments provider and trade association for our 42 member credit unions in B.C. and 70 Ontario member credit unions. Our members represent a consumer-oriented, full-service retail financial system that collectively serves 3.3 million members and holds more than $118.8 billion in assets. For more information, visit central1.com.

About eSignLive™ by VASCO®

eSignLive™ is the electronic signature solution behind some of the world’s most trusted brands. Regulated industries and top analyst firms recognize eSignLive for its ability to balance the highest levels of security, compliance and auditability with ease-of-use to automate any process – from the simplest, internal signing workflow to the most complex, customer-facing transaction. Available in the cloud and on-premises, and with full white-labelling capabilities, eSignLive supports an organization’s digital transformation strategy across the enterprise. eSignLive is the trade name of Silanis Technology Inc., a VASCO group company. Learn more at www.esignlive.com.

Contacts

Art Chamberlain
Media Relations Manager
Central 1 Credit Union
T 905.282.8534 or 1.800.661.6813 ext. 8534
E achamberlain@central1.com

Sarah Hanel
Director of Global Public Relations
VASCO
T 250-216-1762
E sarah.hanel@vasco.com