TORONTO, March 14, 2024 — FutureVault Inc. (“FutureVault”), an industry-leader in secure document exchange and digital vault solutions pioneering the Client Life Management Vault™ for financial services and wealth management organizations, was named ‘Best RegTech Startup’ in this year’s 8th Annual FinTech Breakthrough Awards.
Consumer behavior included a rapid increase in the use of digital payment models and online product and service channels. For institutions and modern firms, this digital revolution has also shifted how companies operate, with many accelerating investments in digital channels and related enablers to meet the ever-growing demands of clients and consumers. This acceleration continues to drive fintech investment geared toward succeeding in the ‘new normal’ and better yet drive and shape the future of financial services and wealth management in a world where technology is deeply embedded into all operational, compliance, and service areas. Now in its 8th year, the annual FinTech Breakthrough Awards program recognizes breakthrough companies and the most innovative products in the global financial services and technology industry today.
“Today’s institutions and wealth management firms require solid cybersecurity implementation to grow and prosper. As the essence of a wealth firm’s brand is client trust and confidence, organization rely on formal cybersecurity policies, procedures, and the modern technology to ensure that client data, information, and documentation is safe and secure”, commented Nevin Markwart, Chief Information Security Officer at FutureVault.
FutureVault’s secure digital vault platform provides institutions, firms, professionals, and their clients with a secure single source-of-truth to access, share, exchange, and manage critical enterprise, advisor, and client information, data, and documents while meeting regulatory requirements including document and data retention set forth by regulators like FINRA, SEC, CIRO, and more. FutureVault is SOC 2 Type II and PCI DSS compliant and is equipped with institutional-grade encryption in-transit and at-rest.
“Digital Vault solutions like FutureVault are table stakes for firms and institutions to grow, scale, and maintain compliance. Not only are we providing confidence when it comes to data security and meeting regulation, we’re streamlining operational capabilities with straight-through processing and helping organizations deliver a better value proposition to (and for) their advisors and clients”, commented Kristian Borghesan, Chief Marketing Officer at FutureVault.
View the list of the 2024 FinTech Breakthrough Awards Winners.
For media inquiries, additional information about FutureVault’s patented, industry-leading Digital Vault technology, and demo requests, please fill out the form below to get in touch with our team.
