E-signatures are still spreading in the financial industry, but not really maturing
- The pandemic has accelerated the adoption of e-signatures in the financial industry.
- But while use is spreading, e-signature tech hasn’t changed so much since it first started.
On June 30, 2000, President Bill Clinton signed the E-SIGN ACT using his own e-signature. The new bill gave e-signatures legal validity.
This was the beginning of a new era. E-signatures turned heads with their promise of eliminating paperwork — no more missing forms, no more scattered papers.
In the 2010s, banks also began integrating e-signatures to their services.
Bank of America teamed up with DocuSign in 2012 to enable e-signatures for its customers. JPMorgan Chase did the same in 2013. Wells Fargo, which had e-signature capabilities already in 2004, expanded acceptance through DocuSign in 2014.
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