Deutsche Bank launches eVault as it moves towards paperless
(14 June 2018 – Europe) Deutsche Bank has introduced eVault, a secure digital repository for exchange of documents, in a bid to keep clients happy during the loan market’s move to a paperless process.
The platform provides a legally compliant way to securely move original electronic files from one party to another, while preserving unique digital ownership.
The system 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.
Jose M Sicilia, Head, trust and agency services, Deutsche Bank said, “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.”