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 […]

Virtual StrongBox Racks Up Two More Patents for its Secure Customer Engagement Platform

2017-09-20T14:07:34-04:00September 18th, 2017|

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

FOR IMMEDIATE RELEASE

Data-security expert’s cloud-based platform eliminates headaches for highly regulated financial services firms by removing technology and security gaps in their legacy systems

CHARLOTTE, NC Sept. 12, 2017) – Virtual StrongBox, Inc. has earned two more patents – its fifth and sixth in just over two years. The patents relate to the Company’s consumer engagement platform, which transforms legacy technology to speak to the digital consumer while providing end-to-end security and total information privacy for sensitive information. Together, these new patents recognize the unique way Virtual StrongBox gathers information […]

Imagine This: Digital Transformation is Improving Regulatory Exams and Keeping Examiners Out of Your Credit Union

2017-09-20T14:20:42-04:00September 7th, 2017|

What if credit union examiners could do most – or all – of their “field” work remotely, from their home offices? No, really, think about it. You might even envision John Lennon in the background, singing “Imagine all the examiners … living life at home.” But we don’t need to listen to Lennon or other members of the Fab Four to improve processes like credit union exams. All we need is a little creative thinking – and a little help from digital technology.

Why should credit unions care if examiners can do their work and still make it to the kids’ evening […]

Virtual StrongBox’s 5th Patent Protects Easy, Secure Document Exchange With Third Parties

2017-09-20T14:11:17-04:00August 25th, 2017|

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

FOR IMMEDIATE RELEASE

CHARLOTTE, NC (August 24, 2017) — For the fifth time in just over two years, Virtual StrongBox, Inc. has received a patent, which covers its best-in-class, data-protection software. Virtual StrongBox’s platform provides enterprise IT-level security for data while it’s being loaded, transferred or stored. For high data-risk firms, like financial institutions, insurance companies, wealth managers and healthcare providers, it offers the end-to-end security necessary to protect consumers’ sensitive information, while facilitating the convenience they demand and improving back-office efficiencies. The new patent protects the process of creating […]

three-methods-of-file-exchange

2019-04-08T09:52:49-04:00July 14th, 2017|

With Virtual StrongBox, your customers will not only have a secure place for their digital files, but also a safe way to exchange those documents. There are three ways to exchange documents using Virtual StrongBox.

Exchanging a file with others

Let’s say your customer’s daughter needs a copy of her passport because she lost her physical documentations while traveling abroad. The customer can email a secure link to her travel information to help her get in touch with the embassy and find her way home.

Your customer can decide how many times someone can use the link to download the file directly from your […]

What the Heck is a “Nomophobic” … and Why Should Your Bank Care?

2017-05-17T08:43:29-04:00May 17th, 2017|

Ron Daly, President/CEO
Virtual StrongBox, Inc.
Source: https://www.cuinsight.com/heck-nomophobic-credit-union-care.html

As if our stress-laden society didn’t have enough fears and phobias, now there’s nomophobia – “the fear of being without a mobile phone.” It’s that sinking feeling you get when you can’t find your phone or know you left it at home. The British Post Office coined the term “nomophobia” in 2010, and for some it’s a real anxiety.

That isn’t surprising. Market research firm IDC found that 79% of smartphone users have their phones on or near them every waking hour. There were some 7.7 billion mobile devices worldwide by the end of 2014 – […]

With 4 Patents and Unique Security Processes, Virtual StrongBox Named a Finalist for a Prestigious Blue Diamond Award

2017-03-02T07:15:42-05:00March 2nd, 2017|

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

FOR IMMEDIATE RELEASE

Charlotte, N.C. (Mar. 1, 2017) – Virtual StrongBox, Inc. is a finalist for a Blue Diamond Award, which recognizes the best in technology in the greater Charlotte area. Known for its patented, state-of-the-art software and secure digital transformation platform for high-risk industries, Virtual StrongBox is one of three final contenders in the Business Value – Small Business category, which honors achievements of companies providing the most business value in information technology solutions.

President/CEO Ron Daly says Virtual StrongBox’s platform grew from the Company’s need to store its sensitive data […]

Trying to Boil the Ocean? There’s a Better Path to Digital Transformation

2017-02-13T12:07:18-05:00February 13th, 2017|

By Ron Daly, President/CEO
Virtual StrongBox, Inc.
Source: https://www.cbinsight.com/trying-boil-ocean-theres-better-path-digital-transformation.html

Your bank and our clients have a lot in common. They’re financial institutions and other high-risk companies that know future success is tied to new technologies; yet, implementing a full digital strategy can seem overwhelming. They have talented, energetic people who work hard. And, in common with your bank, our clients face challenges like:

Satisfying customers who want – no, demand – to do banking on their own terms while also expecting a consistent, easy and low-stress experience every single time

Weighing the drawbacks of legacy systems and inefficient workflows against the high cost […]

Go to Top