HERNDON, Va. - DigitalMailer, Inc. announced today the release of its newest Software-as-a-Service offering, My Virtual StrongBox. With the launch, DigitalMailer becomes one of the first electronic document providers to allow customers to place documents into their trusted financial partner's online document library.
My Virtual StrongBox lets customers load important documents such as wills, insurance documents and other important papers into their financial advisors' protected document library using the same secure document technology financial institutions now use to deliver online statements, notices and tax documents.
My Virtual StrongBox is similar to physical safe deposit boxes in bank vaults, but with online capabilities that include easy and accessible permission-based retrieval. The product is equipped with initial strongbox storage sizes designed for individual and small businesses, but customers can purchase additional space if needed. Users can customize folders to aggregate documents and share them as necessary. For example, a customer can retrieve a copy of a will via a Smartphone while sitting at an attorney's office.
Northwest Federal Credit Union, located in Herndon, Va., is the first financial institution to offer My Virtual StrongBox to its customers. The 110,000-member credit union has contracted for the service and has set up virtual strongboxes for all of its 68,000 electronic statement users.
"We are focused on delivering value to our members. When we can couple enhanced value with innovative products and technologies we feel we optimize our value proposition for our members. We believe that our offering of My Virtual StrongBox to all our electronic statement users represents another opportunity to provide a unique and valuable product that will augment traditional safe deposit box services and thank them for saving us money on print and postage," said Greg Gibson, Chief Operating Officer of Northwest Federal. "Helping our members organize their financial lives all under one roof is exactly what a financial partner should do."
According to Ron Daly, President/Chief Executive Officer of DigitalMailer, people's personal financial lives grow more complicated as we get older.
"Anyone who has been named an executor for a family member or friend knows what a nightmare it can be to locate the entire financial picture of a loved one," he said. "My Virtual StrongBox solves this by allowing individuals to organize and securely store their financial information in one place for easy online access, updating and retrieval."
Technology companies serving the online channel can deploy My Virtual StrongBox as part of their branded service offerings. Daly calls it a "sticky product that adds value to trusted financial advisors when tied to customers' checking accounts, online banking, investment relationships and personal financial management tools."
DigitalMailer designed the Software-as-a-Service as a real depository, rather than a temporary storage drop or transfer station. It's available as a stand-alone product or integrated into DigitalMailer's Electronic Document Management System. The service can be private-labeled and is adaptable to financial institutions, insurance companies, and wealth management and financial services firms.
More information on My Virtual StrongBox can be found at www.myvirtualstrongbox.com.
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DigitalMailer, Inc. (www.digitalmailer.com) helps financial institutions and businesses open their biggest branch – the virtual branch. Using its expertise and today's technology, DigitalMailer helps organizations connect with customers in the online channel they prefer, driving consistent, managed messages that are optimized for communication, convenience, efficiency and promotion of product growth. To learn more, visit DigitalMailer’s website or call (866) 994-4900.