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KKR, Nationwide Insurance and AAA of Northern California use Box to power content and collaboration
LOS ALTOS, CA – February 26, 2015 — /BackupReview.info/ –Box today announced Box for Financial Services, bringing tailored solutions, product enhancements, and partnerships to firms in the financial services industry. Box’s cloud content collaboration platform powers the secure sharing of sensitive data for some of the largest banks, insurance companies, and investment and advisory firms. Financial services customers include KKR & Co. L.P., Nationwide Insurance and AAA of Northern California, while new partners working with Box to meet the needs of the financial services industry include Bloomberg Vault, Capgemini and e-SignLive™ by Silanis.
“Because of the highly sensitive nature of the data it deals with and the strict compliance standards it’s held to, the Financial Services industry has been slow to embrace cloud and mobile technologies,” said Aaron Levie, co-founder and CEO, Box. “However, leading firms are recognizing that mature cloud platforms not only offer agility and productivity, but also an opportunity for better security and visibility around their most valuable content. With Box for Financial Services, we’re making sure security and compliance concerns are no longer hurdles to information sharing and collaboration.”
More than 44,000 businesses, including 48% of the Fortune 500, trust the Box platform. With the launch of Box for Financial Services, Box will better meet the needs of businesses in this industry, including new customers like KKR & Co. L.P., Sierra Pacific Mortgage and First American Equipment Finance, which join hundreds of innovative firms such as Nationwide Insurance, AAA of Northern California, Guaranteed Rate and Encore Capital.
Box for Financial Services will offer tailored solutions to help businesses:
“Leveraging cloud and mobile technologies to provide our employees with access to content at any time is key to our ability to build a sustainable competitive advantage and drive productivity across our organization,” said Ed Brandman, chief information officer at KKR & Co. L.P. “Box provides a secure collaboration platform that supports key business processes, improving operational efficiency while simultaneously meeting critical IT requirements for content management and security.”
New Product Capabilities for Financial Services Firms
Retention management provides:
With watermarking on Box:
Box Enterprise Key Management (EKM)
Financial Services Partners
Box is also announcing a new integration with Bloomberg Vault File Analytics solution, a component of Bloomberg’s hosted information governance service that delivers enterprise compliance, eDiscovery and record-keeping solutions to financial services firms. This will allow firms using Box to leverage Bloomberg Vault to apply policy-based compliance, governance and control with comprehensive search and reporting across numerous data repositories in the enterprise. Bloomberg Vault provides financial services firms with the ability to meet SEC, FINRA, CFTC and global regulatory mandates, which span a variety of compliance demands related to files, documents, trades, and communication data.
“Due to recent cybersecurity incidents and compliance requirements, firms in the financial industry have been hesitant to move sensitive information into cloud services,” said Harald Collet, global business manager for Bloomberg Vault. “We are excited about our work with Box and the integration with Bloomberg Vault File Analytics as it enables firms to overcome these challenges while maintaining enterprise-wide compliance and governance capabilities. This empowers firms to achieve their business needs of cohesive collaboration and improve the way content is shared and managed, all while never losing insight into their ‘dark data’ that naturally grows over time.”
Additionally, Box and Capgemini, one of the world’s foremost providers of consulting, technology and outsourcing services, are integrating the Box platform into their All Channel Experience (ACEs) Insurance Solution which brings custom app development, cloud integration, user adoption best practices and implementation services to the insurance industry. This solution allows the most complex IT environments to have the support and services they need for highly successful deployments.
Pricing and Availability
For more information on today’s announcement, please visit the Box blog.
To learn more about Box for Financial Services, please visit box.com/financialservices/
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