GDPR-compliant messaging system launches to adviser market
Fintech firm Origo has partnered with encryption and ID authentication specialist Beyond Encryption to launch a GDPR-compliant secure email messaging system for advisers, clients, platforms and providers.
"Secure messaging is an imperative for the financial services industry, which handles a huge number of emails every day, often containing personal and sensitive information. "
‘Unipass Mailock’ allows advisers to securely communicate with their clients from their desktop, laptop, tablet or mobile phone and reduces paperwork by digitising their client communications.
From an audit perspective, advisers, platforms and providers can confirm when an authenticated client has received, opened and accessed the content.
Anthony Rafferty, managing director of Origo, said: “Secure messaging is an imperative for the financial services industry, which handles a huge number of emails every day, often containing personal and sensitive information. Together with Beyond Encryption, we will deliver a market leading service that has the potential to transform the industry’s adoption of secure digital communication.
“With the increasing frequency and impact of cybercrimes, Origo will enable an easy-to-use, secure messaging system so essential for the industry. This solution helps deliver GDPR compliance and a level of data control simply not available until now.”
Paul Holland, Beyond Encryption’s founder and CEO, commented: “With Origo’s Unipass Identity service already serving most of the financial adviser market, we will make it incredibly easy for advisers, providers and platforms to adopt Unipass Mailock. The tracking and audit capabilities open up the potential for massive savings by replacing paper and postage costs, which under MIFID II are likely to rise significantly unless solutions like this are implemented.
“Additionally, the Beyond Encryption platform provides a unique approach to identity assurance thereby enabling message data to travel safely across the internet with its release being subject to authentication of the intended recipient’s identity.”
Garry Miller, operations director at Origo, added: “These principles are fundamental to addressing the ICO’s guidelines and conformity with the evolving data legislation such as GDPR. Importantly the solution not only helps users meet regulatory requirements, it can also significantly reduce costs, economic and ecological, and improves customer experience.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Lloyds
Lloyds Banking Group launches £5,000 deposit mortgage
Mortgage Rates
Barclays relaunches sub-4% mortgage rate
Bank Of England
Bank of England holds interest rates at 3.75% in 8-1 vote
FCA
FCA bans and fines director £755,000 for advice and insurance failures
Mortgages
Mortgage affordability at tightest level since 2008: UK Finance
Nationwide
Nationwide cuts mortgage rates by up to 0.36%