FinovateFall 2016 / FutureVault
Presenter Profile:
How they describe themselves: FutureVault has built a cloud-based white label B2B2C solution for financial service organizations to acquire, retain & reward clients while yielding invaluable data & analytics. Conversely, consumers are offered the most sophisticated digital safety deposit box ever built. Users safely deposit, store and manage personal, financial & legal documents in a highly structured digital filing cabinet across multiple entities (individuals, corporations, trusts, family members, etc.). FutureVault affords unique collaboration between clients, their providing organization and their network of trusted advisors (i.e.: wealth advisor, accountant, lawyer, etc.), increasing trust, helping capitalize on opportunities, all while keeping life organized.
How they describe their product/innovation: FutureVault will be demoing its interactive end user web application, which will be offered & distributed largely as a white label product through financial service organizations. Users can store & manage important personal, financial & legal documents for multiple entities in a highly structured & secure “filing cabinet in the cloud”. Highlighted features include: an extensive file structure; proprietary OCR auto-filing; document tagging, summary forms, reports; custom reminders and contacts. FutureVault allows for unique collaboration & file sharing between professionals & clients, including their external network of trusted advisors, while producing a full fiduciary trail – this feature will change how the business world communicates.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
Contacts:
Bus. Dev.: G. Scott Paterson, g.scott.paterson@futurevaultinc.com, 416-917-1964
Press: Michael Bradley, CMO, michael.bradley@futurevaultinc.com, 416-627-2309
Sales: Richard Adair, Vice Chair & Head of Business Development, richard.adair@futurevaultinc.com, 647-401-6484
Website: futurevault.com
Twitter: @FutureVault
HQ: Toronto, Ontario, Canada
Founded: January 2015
Product Demoed: FutureVault
Product Launch: September 2016 (in conjunction with FinovateFall)
Metrics: Investment to date: $ 2.2M (USD) with another $1.4M USD closing in August, development timeline to date: 18 months, team: 14 full time; 6 part time, Ingested Test Documents: 3,000+, taxonomy: 1,150 Document Summaries & Suggested Documents, intellectual property: Filed trademark in US and Canada; pursuing 3 patent applications , private beta launch: B2C Private Beta (March – July ’16) with 60 high net worth beta users, customer pilots: B2C Private Beta (March – July ’16) with 60 high net worth beta users and some of their associated family offices.
Presenters: G. Scott Paterson (CEO & Executive Chairman), Corbin Hudson (Sr. Business Analyst)
- Key Executives
G. Scott Paterson (CEO & Executive Chairman), Richard Adair (Vice Chair), Kevin Whyte (CTO), Brad Rosenberg (Chief Product Officer), Michael Bradley (Chief Marketing Officer)
Key Stats
- Key Board Members
G. Scott Paterson
- Key Customers
Financial Planners, Insurance Companies, Asset Managers, Family Offices, Affinity Groups, Business Management Firms, and a Government Municipality.