Financial Services

The Current Challenge

The consensus among those advising banks, capital markets and investment managers is that their immediate future should be taken up with the much-needed automation of front, middle and back-office processes. In so doing they will reduce costs considerably and build operational resilience.

S4E uses one or a combination of new technologies such as open API’s, cloud based digital vaults, no-code development tools, biometric identification and digital document signing to help increase the customer value-chain and save money.

Fraud

Financial services and particularly banking is the worst affected business sector for fraud with many organisations suffering heavy losses due to the unlawful interception of communications, especially via email.

As the custodians of considerable amounts of highly confidential data belonging to millions of retail and corporate customers the financial services sector holds a huge responsibility to keep such data safe and secure at all times.

With this responsibility in mind S4Encrypt uses the very latest cloud technology to keep data as secure as possible through the deployment of:-

• Address verification
• End to End encryption
• Biometric authentication

Banking

S4Encrypt creates bespoke structures for sharing, storing, protecting and retrieving data in accordance with the needs of any bank; here are some examples:-

Private Banking:

For obvious reasons the communication between a Private Banker and client is extremely confidential which sometimes should not even be shared with the banker’s colleagues. Many private banker clients are frequent travellers (when travel is allowed) and sometimes they unexpectedly need access to information whilst away from home.

Trading Desks:

By the same token bank Trading Desks and Rates Desks bear a great responsibility for making sure client’s instructions are stored safely and executed in a timely manner.

Syndicated lending:

Syndicated lending can benefit from using S4Encrypt services because it allows the lead bank to share information with other lenders in such a way that supporting banks cannot see each other’s activity. Complex financial models can also be shared in the way without compromising the confidential nature of the documents concerned.

Insurance

An enormous number of communications pass between brokers, insurers and their clients. In addition to the reducing the risk of confidential information being intercepted when sent via email, S4Encrypt will create a secure vault and install a purpose-built framework for the distribution of policy information to clients but also to ease the management of subsequent claims handling.

Financial Advice, Wealth Management and Investment Planning

By providing a highly secure vault for each client, S4Encrypt has created a fast and efficient mechanism for Financial Advisers and Wealth Managers to share important documents with their clients instantly without the ever-present risk of losing such highly confidential information when it is sent via normal email. Given that the documents involved may be meeting summaries, research reports, recommendations, terms and conditions or portfolio valuations, minimising the risk of loss at all times is essential to the maintenance of trusted client relations.

As and when necessary, clients and their advisers can even share documents with other parties safe in the knowledge that only the intended recipient of such information will receive it. This is particularly important and useful when for example third parties reside overseas.

Uniquely, S4Encrypt solutions will allow for different organisations to place confidential information into a specific client’s vault without seeing each other’s information, whilst the client can see all of the information in their vault through a single login.

For more information, please contact us.