Deutsche Bank has launched eVault technology, which makes it the bank the first digital third-party document custodian.
eVault technology is a secure digital repository for document exchange. It is able to move original electronic files from one party to another, whilst preserving unique digital ownership.
According to Deutsche Bank, the platform also ensures authentication of the original documents in passing between owners irrespective of how many duplicate files exist.
Commenting on the launch of eVault, Jose Sicilia, Deutsche Bank’s head of trust and agency services, said: “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 enable them to conduct their current and future business in the most streamlined manner.”
Thomas Nielsen, CDO for Deutsche Bank’s global transaction banking business, commented: “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 digitisation strategy.”
He added: “We continue to capitalise upon the remarkable capabilities afforded by new technologies in order to optimise our clients’ experience. This is just the beginning.”
