Say goodbye to clunky communication and hello to trust & engagement: docStribute, a London-based RegTech company, has secured a pre-Series A funding of £820k, fueled by financial service angels who believe in their innovative approach to financial services communication.
But what exactly is docStribute doing? They’re leveraging the power of Distributed Ledger Technology (DLT) to ensure the unalterable integrity of information exchanged between financial institutions and their clients. This translates to regulatory compliance (think FCA’s Durable Medium rule) and a seamless, secure communication experience for real people, not just numbers on a screen.
How does docStribute work?
Their secret weapon lies in “immutable hyperlinks”. These secure links guarantee document integrity across various channels like email, SMS, or instant messaging, ensuring both regulatory compliance and a smooth user experience. This not only boosts engagement and click-through rates but also builds trust between institutions and their clients, aligning with the FCA’s Consumer Duty regulation.
The impact?
docStribute’s clients, ranging from large financial institutions to smaller players, are seeing positive results. By improving communication, they’re driving better outcomes for their customers and ensuring a continuous feedback loop for improvement. It’s a win-win for everyone involved!
The future looks bright: With this fresh injection of funding, docStribute plans to beef up its development and marketing efforts, making its technology even more accessible and user-friendly. This will help them scale their business, reaching more financial institutions and empowering them to communicate effectively and securely with their clients in the digital age.
So, if you’re a financial institution struggling with clunky communication or worried about regulatory compliance, docStribute might just be the answer you’ve been looking for. With their innovative DLT-powered solution, they’re ensuring that financial services communication is not just secure and compliant, but also engaging and human-centered.
Stay tuned to see how docStribute continues to reshape the future of financial services communication!
