- Safe doc change and digital vault platform FutureVault introduced a partnership with Envestnet | Yodlee.
- FutureVault made its Finovate debut in 2016 at FinovateFall in New York.
- FutureVault CEO Daniel Kenny took the helm of the Toronto, Ontario, Canada-based firm in January.
Final week we introduced that Envestnet | Yodlee had partnered with fellow Finovate alum Backbase to carry new knowledge aggregation, account verification, and enriched transaction knowledge insights to banks. This week we report that Envestnet | Yodlee has cast a collaboration with one other Finovate alum, FutureVault.
The partnership will allow FutureVault to leverage Envestnet | Yodlee’s knowledge aggregation and analytics platform to reinforce its capability to serve its monetary companies and advisor shoppers with superior doc change options. FutureVault’s platform helps entrance, center, and back-office groups with the instruments they should securely entry, share, and handle delicate info and paperwork. These instruments give organizations the power to combination and centralized monetary paperwork and knowledge from a number of establishments into FutureVault’s safe digital vault, offers monetary planning professionals with a holistic view of consumer funds, and permits trusted advisors to construct higher relationships with their prospects.
“The combination with Envestment | Yodlee is one other milestone in our aggressive 2022 know-how roadmap,” FutureVault CEO Daniel Kenny stated. “This integration is pushed by our plan to proceed constructing essentially the most complete digital vault answer and can contribute towards our strategic platform imaginative and prescient that brings collectively Paperwork, Information, and Digital Property.”
FutureVault put the partnership within the context of the corporate’s Private Life Administration initiative. This thesis relies on aggregating monetary paperwork and knowledge in a safe location whereas giving monetary planners and advisors the power to leverage FutureVault’s know-how to offer a “household workplace” sort of service.
“This integration with Envestnet | Yodlee shouldn’t be solely pushed by bettering the connection advisors could have with their shoppers,” FutureVault co-founder and Government Chairman G. Scott Paterson stated. “It’s about in the end offering shoppers with entry to one of the best instruments to handle their monetary lives that stretch past the advisor.”
FutureVault made its Finovate debut at FinovateFall 2016 in New York. Not too long ago, the corporate has partnered with corporations like PureFacts to facilitate safe and automated supply of monetary statements, and with enterprise wealth administration platform d1g1t. With this collaboration, FutureVault’s safe doc change know-how will assist the d1g1t higher handle its compliance, doc retention, and doc sharing tasks.
“We all know that there’s a important want throughout the trade for all-encompassing options,” Kenny stated when the strategic partnership with d1g1t was introduced in late March. “By partnering with the distinctive crew at d1g1t, we will carry that sort of built-in answer to the market that addresses the various workflow challenges companies and advisors face, whereas elevating the expertise for each shoppers and advisors.”
Based in 2014, FutureVault has raised $2.3 million in funding. Present CEO Daniel Kenny was appointed to the place in January of this yr after serving briefly as the corporate’s Chief Working Officer. Beforehand, Kenny was an govt at HSBC for greater than 22 years.
Picture by Tara Winstead