LAB Group takes Digital Signing and Witnessing to the next level through Integration with DocuSign
LAB Group, a leading international RegTech and Australia’s best-connected onboarding provider, have announced that it has delivered a new integration with DocuSign to simplify digital client management for all members of the LAB Network.
LAB Group’s new integration partner, DocuSign, pioneered the development of e-signature technology, helping organisations connect and automate how they prepare, sign, act on and manage agreements. Today, more than 1 million customers and over a billion users worldwide use DocuSign to accelerate the process of doing business and to simplify people’s lives.
DocuSign’s platform is now integrated with LAB’s highly standardised client onboarding platform. The integration provides financial advisers with the capacity to digitise the signature and witnessing requirements for Limited Power of Attorney (POA) documentation. This accelerates advisers’ action on their clients’ behalf to open and activate new accounts.
The first organisation to benefit from LAB Group’s integration with DocuSign is Integrated Portfolio Solutions Pty Ltd (Integrated), a new customer for LAB. Integrated’s unique combination of technology and services removes the burden of portfolio administration and reporting for Private Client businesses and Family Offices. As a ‘whole-of-wealth’ non-custodial platform, Integrated enables its clients to retain an investment universe that is completely unconstrained by investment administration considerations or Excel spreadsheets.
Integrated Portfolio Solutions Co-Founder and Executive Director, Darryl Johnson, said, “We are excited to join the LAB Network and are looking forward to bringing its convenience and connectivity to Integrated customers and their clients. We are particularly pleased to partner with LAB as its integration with DocuSign goes live. It’s a clear value-add to offer our customers a virtual dotted line on which they can leave a digital wet signature which is fully auditable and verifiable. This will let our customers open new investment accounts at the touch of a button, reducing the onboarding process from days to minutes.”
Nick Boudrie (pictured), CEO and co-founder of LAB Group, said, “We are pleased to welcome Integrated to the LAB Network as we announce a new integration between DocuSign and our digital onboarding platform. This integration will bring a range of benefits: it will save advisers time in originating applications, it streamlines downstream account opening for other investment products and it builds upon our upstream and downstream connectivity in stockbroking, where the LAB Network currently offers the strongest network effects. We have built this integration in a scalable manner to benefit all members of the LAB Network. This reflects our commitment to continually deliver increased automation and greater efficiency to the financial services industry.”