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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.
Rivka Abramson | March 31, 2021
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E-signatures are still spreading in the financial industry, but not really maturing

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.

E-signatures may not be the attention grabbers they once were, but that doesn’t mean there isn’t some excitement looming.

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