Banking Fintech Funding

C2 Systems and OneSpan Partner to Digitize Lending and Improve Loan Origination Experience

C2 Systems and OneSpan Partner to Digitize Lending and Improve Loan Origination Experience

C2 Has Added Onespan Sign Electronic Signatures to Its Covalent Lending Solution to Digitize Consumer and Business Loan Processes.

C2 Systems, LLC, a leading developer of cloud-delivered, AI-driven loan origination solutions, has partnered with OneSpan, a global leader in software for trusted identities, e-signatures and secure transactions, to integrate OneSpan Sign electronic signatures into C2’s loan origination platform, Covalent. This partnership will provide the most efficient digital lending experience for consumer and business banking credit origination.

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Consumers are increasingly expecting the interaction from their financial providers to match the ease of use and pace across other digital interactions. The combination of C2’s Covalent product with OneSpan Sign will allow lenders to provide their customers with the most intuitive, efficient digital application process, enabling loan closings in minutes. Borrowers will be able to securely and electronically sign all necessary documentation from the initial application request to executing documents or agreements. Lenders will be able to eliminate the manual document signing process while making agreements legally enforceable and meet compliance requirements by capturing a visual audit trail of each signer’s actions via OneSpan Sign’s patented process.

“Incorporating OneSpan Sign into our Covalent solution is another significant step towards our goal of providing the most intuitive and comprehensive loan origination platform that provides the highest level of customer satisfaction,” said Stephen G. Sargent, president and chief executive officer of C2 Systems. “OneSpan’s contributions will give our lenders an opportunity to enhance customer service levels by enabling a digital experience for processing documents.”

“Digital loan origination and processing require a high amount of compliance and financial institutions need to balance those requirements with ease of use,” said Dan Dica, senior vice president of global sales, OneSpan. “Our partnership with C2 will provide our joint banking customers with new methods for enhancing the experience of their lenders.”

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