Deutsche Bank Launches eVault Technology to Power Paperless Solution
June 13 2018 - 3:29PM
Business Wire
Deutsche Bank today announced it has successfully launched
eVault – a secure digital repository for exchange of documents –
making it the first third-party document custodian to offer
solutions for the handling of secure documents for its clients.
eVault is a legally compliant solution to move securely original
electronic files from one party to another, while preserving its
unique 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.
“The launch of our eVault reflects our continued commitment to
provide innovative solutions for our clients,” said Jose M.
Sicilia, Deutsche Bank’s Head of Trust and Agency Services. “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.”
Deutsche Bank is the first bank to make use of the technology,
which will empower the bank’s document custody group to take
possession of electronically originated assets for clients as the
loan market continues to transition to a paperless process.
“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,” said
Thomas Nielsen, Chief Digital Officer for Deutsche Bank’s Global
Transaction Banking business. “We continue to capitalize upon the
remarkable capabilities afforded by new technologies in order to
optimize our clients’ experience. This is just the beginning.”
About Deutsche Bank:
Deutsche Bank provides commercial and investment banking, retail
banking, transaction banking and asset and wealth management
products and services to corporations, governments, institutional
investors, small and medium-sized businesses, and private
individuals. Deutsche Bank is Germany’s leading bank, with a strong
position in Europe and a significant presence in the Americas and
Asia Pacific.
This communication has been approved and/or communicated by
Deutsche Bank Group. Products or services described in this
communication are provided by Deutsche Bank AG or by its
subsidiaries and/or affiliates in accordance with appropriate local
legislation and regulation. For more information: www.db.com.
Copyright © June 2018 Deutsche Bank AG. All rights reserved.
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Deutsche Bank AGPress & Media RelationsLawton King,
+1-212-250-0622lawton.king@db.com
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