FutureVault: Providing A Secure Cloud-Based Solution For Sensitive Documents

It's almost that time of year.

The 2017 Benzinga Global Fintech Awards is a competition to showcase the companies with the most impressive technology that are paving the future in financial services and capital markets.

To get you prepared for this year's awards, Benzinga will profile each fintech company that has applied. Want to get involved? Submit your company here.

For this installment, we spoke with FutureVault CEO G. Scott Paterson (answers have been edited for length and clarity).

FutureVault

What does your company do? What unique problem does it solve?

FutureVault allows users to digitally deposit, store, collaborate and manage important financial, legal and personal documents on a secure white-label, cloud-based, SaaS platform. Think of it like a highly structured filing cabinet in the cloud that allows for document storage and filtering across an unlimited number of entities including family members, corporations, sole proprietorship, trusts and foundations. FutureVault helps to foster a completely new type of collaboration between clients and their network of Trusted Advisers.

Who are your customers? 

For banks and other financial institutions, FutureVault is a solution used to acquire, retain and reward their customers while yielding valuable data and analytics. FutureVault is a product that increases trust and opportunity between parties, helping to simplify document and asset management, grow relationships and capitalize on opportunities.

Where are you located?

FutureVault™ Inc. was founded in 2014 in Toronto, Canada, by a team of leaders in finance and technology with a view to develop a fintech platform that empowers both end users and their trusted legal, financial and personal advisors.

Who is your company's leadership? What kind of experience do they have?

G. Scott Paterson – Chairman & CEO, Co-founder

• Former vice chairman of the Toronto Stock Exchange; former chairman of Toronto Venture Exchange.
• Former chairman & CEO of Yorkton Securities (technology investment bank).
• Current board member and chair of Audit & Risk Committee of Lionsgate Entertainment.
• Former chairman & CEO, JumpTV.

Kevin Whyte – President & Chief Operations Officer

• Former COO & senior vice president of IT of OPTrust (Ontario Public Service Pension Plan).
• Former chief investment officer, SVP Operations & Technology, Wealth Management, TD Bank Financial Group.
• Former VP & director IT, RBC Investments.
• Former VP & director, Private Client Technology, RBC Dominion Securities.
Former VP & Director of IT, Richardson Greenshields.

Anything else Benzinga should know about your company?

Within five years, every financial services organization in the world will offer their clients a FutureVault-type product − initially as a competitive advantage; later, so as not be left behind. And, within 15 years, it will be unheard of not to have all of one's personal, financial and legal documents deposited in a FutureVault-type product.

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For another fintech profile, click here to read about how Validis, a cloud-based fintech, extracts and standardizes financial data.

If you’re looking for cool fintech startups and access to top financial institutions, and are sick of attending stuffy corporate conferences, the Benzinga Global Fintech Awards is the event for you. From its first year in 2015, the competition grew to over 250 applicants and over 500 attendees in 2016.

Connect with us on social media — use the hashtag #BZAwards and #Fintech to spread the word!

_____ Image Credit: screenshot from Futurevaultcom