Spencer Mierzejewski will explore challenges, benefits of using e-documents

Spencer Mierzejewski, Senior Legal Counsel with Wolters Kluwer Compliance Solutions, will share insights on benefits for banks in adopting electronic document processes in a panel discussion, “Navigating E-Docs,” as part of the Equipment & Leasing Finance Association’s virtual Bank Best Practices Roundtable conference. The event is open to ELFA members and will take place 1-3 pm EDT Thursday, May 27.

This session is designed for banks across the spectrum of e-document implementation, from those just beginning to consider their use to insitutions farther down the road of incorporating e-documents into their banking programs. Attendees will glean insights from the expert legal panel ranging from recognizing the challenges and benefits of using e-documents and understanding how e-documents are executed and enforced, to ensuring accurate, secure e-document storage and options for those institutions without an electronic vault in place.

“E-documents is an industry term used to describe an entirely new level of digitized transaction capabilities that are revolutionizing financial services,” said Mierzejewski. “This technology is providing lenders with a new form of enforceable debt obligations, including negotiable instruments that are enforceable against the borrower while also being negotiable on the secondary market.”

“Navigating the complexities of e-documents can be challenging. But we are witnessing a sea of change in adoptions of electronic documents in our work with banks, given the benefits that e-doc transactions provide in terms of speed, secure storage and auditability compared to paper-based processes,” said Steven Meirink, Executive Vice President and General Manager, Wolters Kluwer Compliance Solutions. “This is an exciting time to participate in the growth of electronic document practices that are positively transforming the banking landscape.”

The roundtable is organized exclusively for ELFA member bank executives by the Financial Institutions Business Council Steering Committee.

Wolters Kluwer Compliance Solutions is a market leader and trusted provider of risk management and regulatory compliance solutions and services to U.S. insurance companies, banks, credit unions, and securities firms. The business, which sits within Wolters Kluwer’s Governance, Risk & Compliance (GRC) division, helps these financial institutions efficiently manage risk and regulatory compliance obligations, and gain the insights needed to focus on better serving their customers and growing their business.

Wolters Kluwer’s GRC division provides an array of expert solutions to help financial institutions manage regulatory and risk obligations. Wolters Kluwer Compliance Solutions’ eOriginal® suite of purpose-built, digital lending solutions, for example, helps lenders digitize their transactions and features electronic signatures, collateral authentication and an electronic vault. Wolters Kluwer Lien Solutions’ iLien Motor Vehicle provides for the processing and management of motor vehicle titles and liens, helping solve the most unique and complicated challenges in title perfection. Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR), meanwhile, is a global market leader in the provision of integrated regulatory compliance and reporting solutions.

About Wolters Kluwer Governance, Risk & Compliance

Governance, Risk & Compliance is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to help ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes. GRC offers a portfolio of technology-enabled expert services and solutions focused on legal entity compliance, legal operations management, banking product compliance, and banking regulatory compliance.

Wolters Kluwer (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2020 annual revenues of €4.6 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs approximately 19,200 people worldwide.

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