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Cygnetise allowed us to easily create and maintain signatory lists, as well as having a simple overview of any individual’s signing authorities across different business lines and entities.
Directors’ lists, bank mandates, specific fund vehicles and any corporate holding companies can all be managed, along with KYC information, which used to be very time consuming to maintain.”
“As the world becomes increasingly digital, managing our authorised signatories this way makes complete sense. Cygnetise makes the process clear and simple, and reduces our internal burden. We have control of our data and our counterparts always have access to a real-time updated list, which is good for them and us.”
Ian Henderson, Global Head, EFG Fund Services
“Vistra Jersey implemented Cygnetise in 2019 with great success. Utilising the latest blockchain technology the banking team are now able to update signatory lists in a secure environment in a matter of minutes, reducing administrative burden and increasing operational efficiency!”
Operations Director, Vistra Jersey
“Cygnetise’s solution came at a critical time for us – at the point of issuing a new Authorised Signatory List (ASL). The application immediately appealed to us with its very user-friendly functionality that allowed us to create and organise all our lists in just a couple of hours.
Updating, replicating and sharing signatory data via Cygnetise was so quick and easy and it no longer required us to manually distribute and post paper lists across various office locations and departments, delivering some massive operational and time savings for the business.”
Nirvan Maudhoo, Executive Director/Financial Controller, Oak Group
“The system is online-based and does not require lengthy or complex integration and the intuitive nature of the platform means that there is no need for extensive time loss to training and support of the system internally. End users quickly become confident using the application and recognise the benefits to their responsibilities and the organisation.”
Amanda Collins, Head of Corporate Governance and Accountability, Kleinwort Hambros
“The Cygnetise application is the way forward for managing signatory lists. Refreshing the list can be done in an instant, significantly reducing the burden we previously had. We also have the added assurance of reducing fraud risk and paper copies not going awry.”
Hilary Jones, FCCA, Director, R&H (Jersey)
“What used to take us a week or more to update a signatory list now takes minutes.”
Sara de sa Leao, Head of Secretarial Support Services, Fairway Group
“Using Cygnetise means we can update our signature lists in minutes, and keep all our banks and counterparts updated the same day, too. Before it used to take weeks and months to update lists on paper. Digitising this process has saved us huge amounts of time.”
Jonathan Trafankowski, Financial Director, TridentTrust
“Updating signatory lists was an extremely time consuming task for the team. Digitalising all our signatory data in Cygnetise has made processes far more efficient, stored in one easy to use platform. Lists can be updated instantly on the departure of staff, ensuring our companies have up to date information at hand. The ability to send by a secure link has increased our data security and provided a clear audit and compliance trail which is of significant benefit. This has been especially useful as we have expanded through acquisition of other companies. We can maintain and ensure an accurate record of all the changes in signers across different regions and entities while providing our vendors, service providers and counterparties information in a timely and effective manner.”
Technology and the role of company secretaries
A report investigating how emerging technology such as blockchain and AI could impact the role of governance professionals with a series of interviews to experts in the field. Download now
