On Thursday, Deutsche Bank announced it has launched its new secure digital repository for exchange of documents, eVault, which is described as a legally compliant solution to move securely original electronic files from one party to another while preserving its digital ownership.
“The eVault platform ensures authentication of the original documents in passing between owners, irrespective of how many duplicate electronic files there may be of the same record. The repository system relies upon digital tamper-proof seals and has an audit trail that ensures compliance and provides detailed reporting.”
While sharing more details about the solution, Jose M. Sicilia, Deutsche Bank’s Head of Trust and Agency Services, stated:
“The launch of our eVault reflects our continued commitment to provide innovative solutions for our clients. Our top priority is to deliver market leading solutions for clients that enables them to conduct their current and future business in the most streamlined manner.”
Thomas Nielsen, Chief Digital Officer for Deutsche Bank’s Global Transaction Banking business, went on to add:
“With the eVault technology, our Document Custody group solidifies its leadership position as a comprehensive solution provider to handle both current and future market trends, and it is an important step in our overall digitization strategy. We continue to capitalize upon the remarkable capabilities afforded by new technologies in order to optimize our clients’ experience. This is just the beginning.”