10 Reasons to Choose Virtual StrongBox

2021-04-12T17:07:51-04:00April 12th, 2021|

Virtual StrongBox is a unique platform that enables innovation in the Financial Services sector. Here are ten major differentiators between our solution and other cloud storage providers, collaboration portals, syncing tools and consumer vaults.

Data Security & Patents

Our secure, customizable platform, with its ten patents, is designed with FinServ security requirements in mind. We then couple that data security with convenience and a simple, intuitive user experience consumers demand.

Consumer-first Digital Strategy

Responsive design and a flexible consumer journey allow our partners to integrate our digital vault technology into their strategy and create differentiators.

Proprietary Document Exchange

Allows consumers and our partners to easily exchange folders […]

Virtual StrongBox Introduces Organization Collaboration StrongBox

2020-07-07T13:20:08-04:00July 7th, 2020|

Technology empowers multiple internal users to work easily and securely with digital consumers.

Charlotte, NC (July 8, 2020) – Virtual StrongBox, Inc. recently announced the release of its latest product – Organization Collaboration StrongBox. The technology eliminates the pain points in existing document exchange workflow and secure email products when exchanging files and data between a financial institution and its customers, businesses and external third parties. In June, three CU*Answers credit unions deployed the new secure document exchange platform, which takes less than a day to implement.

The “New Normal” has forever changed how customers and non-customers want to get documents to and […]

It Can Happen in a Heartbeat: Help Your Customers Prepare for Life’s Emergencies

2020-06-10T19:54:03-04:00June 8th, 2020|

Ron Daly, President/CEO
Virtual StrongBox, Inc.

Every day, events happen that can turn lives upside down. Maybe it’s a wildfire in California, forcing people to quickly flee their homes. Maybe a medical emergency occurs when someone is out of town, away from their regular doctors. Or perhaps a water pipe breaks, damaging mortgage documents, photos or birth certificates.

While no one can prevent every traumatic event, your financial institution can make it easier for customers to meet life’s challenges. You can help customers prepare for emergencies by providing them with safe-deposit boxes. No, not physical boxes, like the “olden” days; instead offer a digital […]

5 Steps To Prevent Data Breaches At Your Bank

2021-03-25T11:33:47-04:00January 14th, 2020|

There are some categories where no company wants a first-place ranking: number of defective product recalls, number of malpractice suits and largest  number of records exposed in a data breach, to name a few. (That last title, most  records stolen in 2019 (106 million), went to Capital One, a The McLean, Va.-based financial services giant .)

More than 137 million records were exposed in the 10 biggest data breaches in 2019, according to information compiled by the Identity Theft Resource Center and the U.S. Department of Health and Human Services. Six of the 10 largest breaches impacted medical or healthcare organizations, with two […]

Is Your Bank Good Sticky … or Bad Sticky?

2021-05-20T11:44:32-04:00January 7th, 2020|

By Ron Daly

Newton’s Third Law says that for every action, there’s an equal and opposite reaction. But while he’s talking physics, I’m thinking customer retention. All good things seem to have a bad side, and for banks, stickiness is near the top of the list.

What’s sticky?

So, ask yourself if your stickiness is the good kind or bad kind: Do your customers perceive your bank as a sticky bun, offering a satisfying experience that leaves them with a good taste? Or maybe it’s more like flypaper, where customers put up with sub-par service or outdated delivery systems because they feel trapped?

Financial institutions […]

Redstone Consulting Group and Virtual StrongBox Announce New Cybersecurity Portal

2019-11-01T13:23:19-04:00March 12th, 2018|


Platform Designed to Streamline New NCUA Cybersecurity Examinations

Huntsville, AL, March 8, 2018– The Redstone Consulting Group and Virtual StrongBox announced today the launch of a new cybersecurity collaboration portal to help Credit Unions prepare for fast-approaching NCUA cybersecurity examinations.

Fast Approaching Examination Requirements

Starting in 2018, NCUA is beginning to use its Automated Cybersecurity Examination Tool (ACET).  The ACET exam checklist consists of 530 questions and the collection and sharing of over 220 unique internal documents. ACET will allow greater visibility into the industry’s cybersecurity practices and gaps. Rumor has it that NCUA plans to use ACET to examine larger Credit Unions […]

Using Virtual StrongBox to Promote a Security-First Message

2019-04-24T10:02:45-04:00November 1st, 2017|

Featured Client: 
Align Credit Union | Lowell, Massachusetts | Asset Size: $550 million

Protecting members’ personal information is a top priority for Align Credit Union. That is why the Lowell, Massachusetts financial institution offers Virtual StrongBox as digital safe in their security suite offering.

Align CU offers the online safe as a member benefit, helping their account holders protect their most sensitive information. With Total Information Privacy & Protection, the platform is the only option online that promises storage space so secure that only the member has the ability to see what’s inside. Not even Align CU or Virtual StrongBox employees can access files within the online safe […]

AuditLink Selects Virtual StrongBox to Help Transform and Grow Compliance Initiatives

2017-11-16T16:51:02-05:00October 31st, 2017|


Virtual audit capabilities expected to reduce compliance costs and set the stage for strategic growth.

Grand Rapids, MI and Charlotte, NC (October 30, 2017) – Virtual StrongBox, Inc. and CU*Answers announced today that the two companies have teamed up to transform compliance and audit processes for its credit unions and auditors. AuditLink, the audit and compliance division of CU*Answers, will use Virtual StrongBox’s secure platform during virtual audits to ensure that sensitive information remains safe while engaging in the exchange of private and financial information with a compliance team member.

Financial audits and regulatory exams have become a […]

Using Virtual StrongBox to Simplify the Examination Process

2017-10-12T14:59:22-04:00September 26th, 2017|

Featured Client: 
Honor Credit Union | $755 million in assets | Berrien Springs, Michigan

 

Past exams at Honor Credit Union depended upon a single flash drive. Credit union employees would pass the flash drive between departments to upload requested documents to hand examiners when they arrived at the credit union, shuffling the drive back-and-forth as additional files were requested. This year Honor decided to simplify the process.

Led by Frank Witucki, VP of Risk Management, Honor CU updated how they exchanged information with state examiners by leveraging Virtual StrongBox. The credit union provides Virtual StrongBox to members as a digital safe deposit box and […]

New Jersey Credit Union League Deploys Virtual StrongBox in its Shared Compliance Initiative

2017-09-20T14:14:13-04:00September 19th, 2017|

Contact: MJB Public Relations Group • (866) 714-7041 • margaret@mjbpr.com

FOR IMMEDIATE RELEASE

Platform’s security and RegTech capabilities transform audit and compliance processes

CHARLOTTE, NC Sept. 12, 2017) – Virtual StrongBox, Inc. and the New Jersey Credit Union League (NJCUL) have teamed up to improve compliance processes and cut costs for League-affiliated credit unions and auditors. NJCUL will use Virtual StrongBox’s secure customer engagement platform with the League’s Shared Compliance Program, HelpLine and Audit Services clients. The secure platform will ensure that sensitive information remains safe while engaging in the exchange of private and financial information with a compliance specialist.

“Compliance isn’t […]

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