All posts by : FutureVault

Toronto, Ontario, September 23, 2022  — FutureVault, an award-winning, industry-leading provider of secure document exchange and Digital Vault solutions pioneering the Personal Life Management Vault™, completes its second consecutive SOC 2 Type II examination, earning a SOC 2 Type II report issued by the global auditor Ernst & Young.

SOC 2 Type II is a robust certification within the Service Organization Control protocol, covering daily operations, ensuring that organizations adhere to and comply with leading information security policies and compliance standards for managing enterprise and client data.

FutureVault’s successful completion, of SOC 2 Type I in 2020, and now consecutive SOC 2 Type II certifications in 2021 and 2022 demonstrates the company’s ongoing commitment to industry best practices. The newly issued report for the examination period of August 01 2021 through to July 31 2022, validates the maturity, strength, and robustness of FutureVault’s internal information security, compliance, and technology protocols. Additionally, the SOC 2 Type II report reflects FutureVault’s ongoing commitment to best-in-class information security and document management for financial services organizations, professional service providers, and their clients.

While best practices are recommended for organizations undergoing the Service Organization Control examinations, the majority of organizations bypass the initial pre-assessment stage. Organizations like FutureVault that demonstrate best practices are considered the gold standard when it comes to securely protect enterprise and client data.

“The successful completion of our consecutive SOC 2 Type II examination is an incredible milestone for the FutureVault team and speaks to the maturity of our internal procedures and importantly, our ongoing commitment to information security” commented FutureVault’s Chief Technology Officer, Luke Kyleman.

“This milestone is indicative of the commitment we’ve set forth to provide our partners, customers, and their clients with world-class security and compliance policies to store, manage, and protect their information,” added Nevin Markwart, Chief Information Security Officer at FutureVault.

Supporting evidence and documentation provided by FutureVault during the SOC 2 Type II examination were stored, delivered, and accessed within the company’s corporate FutureVault product, where auditors were provisioned secure trusted access to folders and documents being requested. By conducting the examination within FutureVault, both parties streamlined accessing and requesting critical documents, saving significant time and money by eliminating back-and-forth manual exchanges of documentation. The ability to perform and streamline audit assessments within FutureVault’s secure digital vault platform demonstrates the maturity of the company’s technology and information security protocols.  

The 8^th Annual WealthManagement.com Awards, known as the “Wealthies”, has officially named FutureVault as a Finalist in the Technology Providers of the year – Document Management category.

TORONTO, ON, June 2, 2022 — WealthManagement.com announced yesterday the 2022 ‘Wealthies’ Finalists in the 8^th annual Wealth Management Industry Awards. FutureVault, the market-leading provider of secure document exchange and Digital Vault solutions for the wealth management industry, was officially named a 2022 “Wealthies” Finalist in the Technology Providers – Document Management category.  

The “Wealthies” honors the individuals, organizations and companies that help financial advisors build better businesses and create better outcomes for their clients.  

The Wealth Management Industry Awards received a record-breaking number of nominations this year compared to previous year, and shortlisting 225 organizations as finalists in one or more categories by a panel of independent judges, made up of top names in the industry, who select the winners. 

A full list of the “Wealthies” Finalists is available to download for free. View the full list of finalists. 

“In today’s digital-first, complex world, we’re extremely proud to support wealth management firms and advisors with technology that provides material benefits across their front and back-office functions, while also enabling them to build more trust with their clients by providing unparalleled value delivered via Personal Life Management vaults,” commented Kristian Borghesan, Vice President of Marketing at FutureVault. “We remain committed to helping firms and their advisors drive efficiency to ultimately scale their business; this recognition is a testament to the work, effort, and capabilities of our platform and better yet, our team.” 

“The record-setting participation in our industry awards this year is a testament to the value firms continue to place in the Wealthies as their best opportunity of the year to enhance their reputation, increase their brand awareness and set their organization apart from the competition,” said William O’Conor, managing director of WealthManagement.com. 

FutureVault was recently named an Excellence Awardee for WealthTech Provider of the Year by Wealth Professional Canada, along with being named a top 100 global WealthTech provider by FinTech Global. 

The annual Wealth Management Industry Awards ceremony will be held in person in New York City on Sept. 8^th where the winners of each category will officially be announced.  

The recognition by WealthManagement.com marks another milestone in the FutureVault journey as the team continues to build the market-leading Digital Vault and secure document exchange platform to solve the everyday challenges faced by brokerages, firms, and professionals in the financial services and wealth management industries.  

About FutureVault Inc. 
FutureVault is pioneering the advent of Personal Life Management through market-leading secure document exchange and Digital Vault solutions purposely built for the financial services and wealth management industries. FutureVault’s innovative, multi-tiered platform enables firms, advisors, and clients/households to manage information better, together. FutureVault offers a powerful white label solution that transforms the way organizations manage, store, and deliver client documents and statements, meet information security and compliance requirements, and drive material operational efficiencies across front, middle, and back-office functions. In 2022, FutureVault was recognized as a top 100 most innovative WealthTech solution provider. 

Visit futurevault.com to learn more. Follow us on LinkedIn. 

New York City, NY — FutureVault Inc., (FutureVault), an industry-leading provider of secure document exchange solutions and pioneering Personal Life Management Digital Vaults, and AppCrown, a leading Salesforce integration and industry data provider, today announced a new strategic partnership that will provide significant value to all stakeholders in the wealth management industry.   

The newly formed partnership will connect AppCrown’s enterprise middleware with FutureVault’s secure digital vault platform to build an Integrated Wealth Management Operating System that enables best-in-class Digital Engagement Practices (DEPs). 

Industry CRMs such as Salesforce Financial Services Cloud [“FSC”] and FutureVault experience will provide firms and advisors with an entirely new suite of functionality including:

➜ Seamless entry point from Salesforce to access and view individual or householding documents in FutureVault  

➜ Push notifications from FutureVault’s Client Vault Portal back to the Salesforce household record of any document activity or workflow events  

➜ Ability to transfer documents to and from FutureVault from Salesforce with a complete fiduciary audit trail 

“The market continues to look for an intelligent portal with native multi-tiering capabilities. FutureVault’s platform was purpose-built to support multiple organizational levels, householding, 3rd party Trusted Advisors, and importantly provides an out-of-the-box structure that mirrors common Digital Engagement Practices we often see,” commented Franklin Tsung, Growth Advisor of AppCrown LLC.   

In addition to creating a seamless Salesforce experience via AppCrown’s proprietary integration point technology, FutureVault will continue to work closely with AppCrown to build multi-custodian: back-office integrations into existing third-party wealth management applications. 

“We are incredibly proud to partner with AppCrown as we continue to build an integrated wealth management platform that can support complex Digital Engagement Practices for the industry. AppCrown’s turnkey integration with Salesforce combined with our leading digital vault technology will equip advisors with material efficiency gains and a complete fiduciary audit trail of all interactions with their clients.  This functionality enables advisors to demonstrate to Regulators and Compliance Departments a holistic view of their Digital Engagement Practices,” commented Daniel Kenny, Chief Executive Officer at FutureVault.  

Both firms, AppCrown and FutureVault, look forward to the mutually beneficial partnership that will provide Broker-Dealers, RIAs (Registered Investment Advisors), and Advisors with a competitive advantage, significantly transforming day-to-day activities and improving the relationships they have with their clients. 

About AppCrown  
AppCrown LLC, a privately held technology company based in New York, has been delivering managed integration networks for enterprise CRMs since 2009. Within wealth management, banking & brokerage, AppCrown has been delivering turnkey integration networks to Salesforce, enabling some of the largest custodians, such as TD Ameritrade Institutional, to deliver an OEM of Salesforce. 

Visit appcrown.com to learn more. Follow us on LinkedIn.  

About FutureVault Inc. 
FutureVault is pioneering the advent of Personal Life Management through its industry-leading secure document exchange and Digital Vault solutions that enable institutions, advisors, and households to manage information better, together. FutureVault offers a powerful white label solution that transforms the way organizations manage, store, and deliver client documents and statements, onboard and retain clients, meet information security and compliance requirements, and drive material operational efficiencies across front, middle, and back-office functions. By leveraging FutureVault’s patented technology, organizations save significant time and money in their day-to-day workflows. 

Visit futurevault.com to learn more. Follow us on LinkedIn. 

FinTech Global Recognizes FutureVault as One of Top WealthTech Companies Transforming the Global Investment, Banking, and Wealth Management Industries on its Fourth Annual List

TORONTO, ON, April 20, 2022 — FutureVault, an industry-leading provider of secure document exchange and Digital Vault solutions pioneering the advent of Personal Life Management, announced today it has been named one of the top technology companies transforming the global investment, banking, and wealth management industries in the fourth annual WealthTech100 list.

The 2022 WealthTech100 list was officially announced today by specialist research firm FinTech Global. The prestigious ranking recognizes the world’s most innovative technology solution providers that address the digital transformation challenges and opportunities faced by investment firms, private banks, and financial advisors.

A full list of the WealthTech100 and detailed information about each company is available to download for free at www.WealthTech100.com.

“In today’s digital-first, complex world, we’re extremely proud to support wealth management firms and advisors with technology that provides material benefits across their front and back-office functions, while also enabling them to build more trust with their clients by providing unparalleled value delivered via Personal Life Management vaults,” commented Kristian Borghesan, Vice President of Marketing at FutureVault. “Here at FutureVault, our team is committed to innovation and integration that continues to enhance productivity and workflow, and ultimately connect stakeholders across all levels of the organization like never before through our best-in-class platform.”

The WealthTech sector has experienced rapid growth over the last two years as the huge increase in digital financial products and remote client communications due to COVID-19 restrictions has accelerated the need for innovation. On the current trajectory, the global WealthTech market is projected to reach $11.9 billion by 2030.

Thus, it’s not surprising this year’s process to identify the 100 WealthTech innovation leaders was more competitive than ever. A panel of analysts and industry experts voted from a list of more than 1,200 businesses. The finalists were recognized for their innovative use of technology to solve a significant industry problem, or to generate efficiency improvements across the investment value chain.

Richard Sachar, Director at Fintech Global commented, “The rise of digital distribution channels and online financial products has opened new client segments for investment firms and financial advisors. As a result, businesses that fail to keep up with the latest technologies and innovation will be less competitive and lose market share over time. The WealthTech100 list helps senior decision-makers in the industry filter through all the vendors in the market by highlighting the leading companies in areas such as client acquisition, financial planning, portfolio management, and digital brokerage.”

This prestigious recognition marks another notable milestone in the FutureVault journey as the team continues to build a world-class product that solves the everyday challenges faced by brokerages, firms, and professionals everywhere.

Toronto, ON — FutureVault, an industry-leading provider of secure document exchange and Digital Vault solutions, is pleased to announce it has partnered with Envestnet® | Yodlee®, a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation, to further enhance FutureVault’s productivity, connectivity, and experience between financial services organizations, advisors, and end-clients within the FutureVault platform.  

“The integration with Envestnet | Yodlee is another milestone in our aggressive 2022 technology roadmap,” commented FutureVault Chief Executive Officer, Daniel Kenny. “This integration is driven by our plan to continue building the most comprehensive digital vault solution and will contribute toward our strategic platform vision that brings together Documents, Data, and Digital Assets”.  

The FutureVault platform is used across a variety of segments within the financial services industry including wealth and financial advisory firms, retail banks, credit unions, and family offices. By equipping front, middle, and back-office teams with advanced document exchange features and tools, FutureVault can help financial services organizations drive operational efficiencies, improve compliance, and deliver an unparalleled end-client value proposition. Importantly, FutureVault enables service providers and professionals to securely access, share, and manage sensitive information and documents with clients, together.  

The Envestnet | Yodlee integration will provide FutureVault end-users with the following benefits: 

➜ The ability to aggregate and centralize critical financial documents and their data from multiple institutions into FutureVault’s secure digital vault platform 

➜ Provide Financial Planning professionals with clarity and a holistic view of their client’s financial position 

➜ Build and establish deeper relationships with Trusted Advisors  

FutureVault’s integration of Envestnet | Yodlee is a step in the right direction as FutureVault continues to build on top of the company’s “Personal Life Management” thesis by aggregating financial documents and data in a secure environment while enabling firms and professionals to leverage patented technology to deliver a “Family Office” type service to clients and members. 

“This integration with Envestnet | Yodlee is not only driven by improving the relationship advisors will have with their clients—it is about ultimately providing clients with access to the best tools to manage their financial lives that extend beyond the advisor. This milestone is one more element in our quest to pioneer the Personal Life Management space,” commented G Scott Paterson, Co-founder and Executive Chairman at FutureVault.  

The integration with Envestnet | Yodlee is scheduled for Q3 2022.  

For more information about FutureVault’s industry-leading platform, including our Envestnet | Yodlee integration, please visit www.futurevault.com or contact us at press@futurevaultinc.com.

The two Toronto-based innovative WealthTech solution providers partner, combining FutureVault’s secure document Vault with PureFacts’ financial data capabilities to improve compliance and streamline back-office administrative functions for institutions and firms.

TORONTO, March 31, 2022 — FutureVault Inc., (FutureVault), an industry-leading provider of secure document exchange and Digital Vault solutions purposely built for the wealth management and financial services industry, and PureFacts Financial Solutions, a leading provider of WealthTech solutions that calculate and automate custodial data including costs and revenues, and of enterprise reporting and insights, today announced a new strategic partnership.

The two well-known WealthTech solution providers have built and established an integration that combines PureFacts’ statement rendering, fee calculation, and data management platform with FutureVault’s proprietary document vault, document retention, compliance, and file-sharing capabilities. The result is a best-in-class, seamlessly integrated technology solution, that enables institutions and firms to not only meet their various administrative and compliance responsibilities but better customize a service experience that meets client expectations through the secure delivery of investor statements. The current integration offers several benefits, including but not limited to:

➜ Single-Sign-On (SSO) from the PureFacts platform to securely authenticate user logins between both applications
➜ Automated secure delivery of PureFacts client reports and statements directly into FutureVault
➜ Automated secure delivery of Advisor fee reports and data directly into FutureVault

Daniel Kenny, Chief Executive Officer of FutureVault, commented, “Our integration [and partnership] with PureFacts offers a massive opportunity for institutions and advisory firms to continue building efficiencies around the secure delivery of documents to increase workflow capacity, satisfy compliance requirements, and enhance their client’s ability to manage important financial documents. In a world where automation and integration are table stakes, our combined efforts materially augment back-office capacity and overall client experience.”

“This is an incredible partnership for our company. I am proud to have the opportunity to continue to work closely with Daniel Kenny and the remarkable team at FutureVault, where our joint efforts are bringing market-leading wealth solutions to the financial services industry,” commented Rob Madej, Founder and CEO of PureFacts Financial Solutions.

The FutureVault and PureFacts integration is currently live and in use by several firms and remains readily available to existing FutureVault and PureFacts customers.

About FutureVault
FutureVault is an industry-leading provider of secure document exchange and Digital Vault solutions for the financial services industry that enables institutions, advisors, and households to manage information better, together. FutureVault offers a powerful white label solution that transforms the way organizations manage, store, and deliver client documents and statements, onboard and retain clients, and manage compliance and audit readiness leading to significant operational efficiencies. By leveraging FutureVault’s patented technology, organizations save significant time and money in their day-to-day workflows.

Visit futurevault.com. Follow us on LinkedIn.

About PureFacts
Founded in 2010, PureFacts is a global company serving over 100 clients with a combined one trillion in assets under management. PureFacts’ wealth-tech solutions help some of the largest and most recognizable global wealth and asset management firms increase productivity, reduce costs, and create enhanced customer experiences. Its’ solutions help firms retain their most valued clients, deliver high-quality advice, and prevent costly mistakes. PureFacts is recognized as a Global AIFintech100 and a Wealthtech100 Company. Global AIFinTech100 recognizes tech companies using artificial intelligence to transform financial services. Wealthtech100 recognizes the world’s most innovative Wealthtech companies that every leader in the wealth and asset management industries needs to know about. Visit https://fintech.global/wealthtech100/ to learn more.

Visit purefacts.com to learn more. Follow us on LinkedIn.

Alliance will create a seamlessly integrated WealthTech experience for financial firms and advisors, allowing them to tackle their compliance, document retention and document sharing responsibilities while better meeting the service demands of clients

Toronto, ON – [March 17, 2022] — d1g1t, Inc., the first provider of an enterprise wealth management platform powered by institutional-grade analytics and risk management tools, and FutureVault Inc., (FutureVault), an industry-leading secure document exchange and Digital Vault solutions provider, today announced a new strategic partnership.

Under the terms of the agreement, d1g1t’s portfolio management, trading, reporting, risk and analytics tools will combine with FutureVault’s document retention, compliance and file sharing capabilities. The result will be a best-in-class, seamlessly integrated technology solution, allowing firms and advisors not only to meet their various administrative and compliance responsibilities but better customize a service experience that meets client expectations through d1g1t’s investor-facing mobile app. 

Dr. Dan Rosen, co-founder and CEO of d1g1t, commented, “My team and me are thrilled to partner with FutureVault, whose digital document management capabilities are in a league of their own. In our never-ending pursuit to improve outcomes for advisors and clients, d1g1t is on a mission to build the most innovative end-to-end and easy-to-use solution in the wealth management industry. This partnership helps our company get closer to realizing that goal.”

Daniel Kenny, Chief Executive Officer of FutureVault, said, “We know that there is a significant need across the industry for all-encompassing solutions. By partnering with the exceptional team at d1g1t, we can bring that type of integrated solution to the market that addresses the many workflow challenges firms and advisors face, while elevating the experience for both clients and advisors.”

One of the first firms of many to benefit from this unique partnership will be FigTree Financial, which specializes in working with high-net-worth individuals and families. FigTree currently uses d1g1t and FutureVault separately as critical components of its day-to-day workflow – including compliance management and oversight – but will soon take advantage of the fully integrated advisor desktop solution.

Daniel Farmer, Founder and Partner at FigTree Financial said, “Our team is excited to support the partnership between d1g1t and FutureVault in building an integrated advisor desktop. This seamless integration will equip our back and front offices with the necessary tools they need in one place to manage risk, reporting, portfolios, compliance, and documents all in one spot.”

Both the d1g1t and FutureVault leadership teams have extensive technology, financial services, and entrepreneurial experience. d1g1t’s co-founders – Dr. Rosen, Chief Product Officer Benoit Fleury and Chief Operating Officer Philippe Rouanet – have a more-than-two-decade-long record of building and growing successful fintech businesses with strong financial engineering capabilities.

Meanwhile, FutureVault’s founder, G Scott Paterson, is one of Canada’s most prolific technology, media, and financial thought leaders. The company’s current leadership team also includes Chief Executive Officer Daniel Kenny, an HSBC Global Executive for 22 years, and Chief Technology Officer Luke Kyleman, who spent 18 years with Ernst & Young (EY).  

Both firms, d1g1t and FutureVault, look forward to the mutually beneficial integration that will ultimately provide advisors with a competitive advantage, significantly transforming day-to-day activities and the relationships they have with their clients.

The d1g1t and FutureVault integration is scheduled to begin during the second quarter of 2022.

About d1g1t Inc.
d1g1t is the industry’s first enterprise wealth management platform powered by institutional-grade analytics and risk management tools that allows firms to elevate the quality of their advice and demonstrate its value to clients. Through a single integrated solution that covers the entire advisory lifecycle, d1g1t provides wealth management firms with a whole new set of capabilities they’ve never had before. Headquartered in Toronto, the company was founded and is led by an experienced financial technology team who have developed leading enterprise portfolio systems for many of the world’s banks, institutional asset managers, hedge funds, and regulators.

Visit d1g1t.com to learn more. Follow us on LinkedIn.

About FutureVault Inc.
FutureVault is an industry-leading provider of secure document exchange and Digital Vault solutions for the financial services industry that enables institutions, advisors, and households to manage information better, together. FutureVault offers a powerful white label solution that transforms the way organizations manage, store, and deliver client documents and statements, onboard and retain clients, onboard and retain advisors, and manage compliance and audit readiness leading to significant operational efficiencies. By leveraging FutureVault’s patented technology, organizations save significant time and money in their day-to-day workflows.

Visit futurevault.com to learn more. Follow us on LinkedIn.