Press Releases
Transamerica Financial Advisors Incorporates Interlink eSignatures into its TFA Synergy Paperless Platform
eSignature saves time and expense by eliminating the need for scanning and shipping paper documents
LOS ANGELES, CA (January 16, 2008) - Transamerica Financial Advisors, Inc. (TFA), has selected Interlink Electronics, Inc., to capture legal eSignatures on registered financial product transactions through its paperless office platform known as TFA Synergy. This electronic signature function is the third, and final, phase in the much-anticipated TFA Synergy initiative.
"Both financial reps and their clients agree that opening new accounts and transacting business needs to be handled quickly and accurately," said Sandy Brown, president of Transamerica Financial Advisors. "Adding Interlink's eSignature technology to the TFA Synergy platform ensures that the reps fully leverage the paperless office platform that TFA has created. An essential process that begins electronically can now remain electronic and completely paperless."
Utilizing Interlink's e-Pad signature device in tandem with IntegriSign software, TFA representatives will capture eSignatures on electronically generated documents such as new-account forms, required disclosure forms, and product applications. Interlink's IntegriSign application encrypts and permanently embeds the electronic signature in the document and related data such as date and time along with key biometric information (such as signing velocity and pressure) unique to each individual signature. The data is securely encrypted then tamper-proof sealed along with the form data. It is then submitted immediately via e-mail for supervisory approval and final processing.
"eSignatures ensure a straight-through process even when signatures are required. This approach significantly improves the productivity of representatives and saves time and effort for the clients as well," explains Rod Vesling, senior vice president, eTransactions with Interlink Electronics Inc.
The comprehensive TFA Synergy paperless platform is the first initiative of its type in the securities industry. It amalgamates a number of tools and technologies into a seamless application. The platform has three major components: 1) automated new account processing with e-signature, 2) web-based document management, and 3) automated compliance review. The sophisticated TFA Synergy platform was assembled from both custom-built solutions and existing components specifically repurposed for this important, timesaving application that facilitates efficient transaction processing. In addition to Interlink Electronics, other contributors of state-of-the-art technology incorporated into the system are Laserfiche® and SunGard®. These vendors were specifically selected because of their experience serving the financial-services industry.
"TFA Synergy is a unique, comprehensive paperless office platform built to order with what we consider to be the best technological solutions available in the industry today. TFA Synergy was designed to be both rep friendly and client centered and—most important—it was designed to be portable, easy to use, and seamless in operation," said Brown. "Using our established high standards of service, communication and independent support, as a foundation, TFA Synergy will help the Reps who make TFA their home more successful by reducing or eliminating administrative expenses that have heretofore been considered a necessary evil in the financial-services industry. This paperless platform allows producers to do what they do best—spend quality time with clients that translates directly into achieving financial goals rather than filling out and updating forms, and tracking down paper files."
About Transamerica Financial Advisors, Inc.
Transamerica Financial Advisors, Inc. is a full-service, an SEC-registered broker/dealer and member of FINRA, and an SEC Registered Investment Advisor. It is an AEGON company. AEGON is one of the world's leading life insurance and pension companies, and is a provider of investment products. Headquartered in The Hague, the Netherlands, AEGON companies employ approximately 30,000 people worldwide. AEGON's established markets include the United States, the Netherlands, and the United Kingdom. Visit www.tfa.transamerica.com for additional information about how Transamerica Financial Advisors can be of service to you.
About Interlink Electronics Inc.
Interlink Electronics, Inc. (LINK.PK) provides the financial services industry as well as the healthcare and government sectors with the electronic signature platform needed to eliminate paper from critical business processes. Interlink's complete solution including e-signature software, hardware, and services allows organizations to implement end-to-end electronic processes no matter where the signing takes place: in-branch, in-the-field or online. Interlink Electronics is also known for its family of MicroNav products, powered by the company's patented Force Sensing Resistor (FSR) technology and integrated in handheld consumer electronics devices. Headquartered in Camarillo, California, Interlink Electronics, Inc. also has offices in Japan, Hong Kong, and China. www.interlinkelectronics.com/esign
