Wolters Kluwer collaborates with Lightico as the demand for digital completion rises

By Joy Dumasia

Wolters Kluwer Compliance Solutions and Lightico are collaborating to leverage the capabilities of Wolters Kluwer’s eOriginal product suite of digital lending tools, including its eVaulting technology, to enhance Lightico customer transactions. The alliance strengthens Lightico’s next-generation digital completion platform, supporting millions of insurance, automotive, telecom and financial interactions.

With native integration between the platforms complete, customers using Lightico’s Digital Completion Cloud for end-to-end customer interactions now have access to industry-leading eVaulting capabilities, critical for ensuring that digital loans are compliant for all parties involved in the initial transaction and trusted by the secondary market ecosystem for whole loan sale, collateralization and securitization.

Steve Meirink, Executive Vice President and General Manager for Wolters Kluwer Compliance Solutions, said: “As digital interactions across the financial services industry grows, complete solutions are more important than ever to ensure a smooth, easy journey for consumers and a compliant and flexible platform for businesses. We’re excited to partner with Lightico, bringing our proprietary technology that enables Digital Originals into its system and providing best-in-class eVaulting inside a fast and efficient digital process. These capabilities ultimately help them better serve their lending customers.”

The integration allows users of Lightico’s Digital Completion Cloud to quickly and seamlessly manage authoritative copies of digital assets such as eContracts stored in eOriginal’s eVault offering. The Digital Completion Cloud enables B2C companies to complete processes such as auto loan originations and servicing, insurance claims and opening of new financial accounts in a quick and seamless fashion. The no-code, mobile-first platform unifies eSignature, document collection, identification and verification, payment and more to enable B2C interactions to be completed in a highly convenient and efficient, multi-purpose channel.

Zviki Ben Ishay, CEO and Co-Founder of Lightico, said: “To successfully digitize your processes, speed and efficiency are just as important as the ability to store documents in a fully compliant fashion, which is why this partnership with Wolters Kluwer eOriginal is key to further bolstering Lightico’s offering for its clients. Furthermore, this partnership fills a critical need for many financial institutions on secondary financial market transactions.”