Germany-based Deutsche Bank has introduced a secure digital repository for exchange of documents, dubbed eVault, offering its clients a new solution to handle secure documents.

eVault facilities secure movement of original electronic files from one party to another, while protecting its unique digital ownership.

During the transitory between owners, the eVault platform ensures authentication of the original documents, irrespective of the availability of numerous duplicate electronic files of the same record.

The repository system, which depends on digital tamper-proof seals, also leaves an audit trail that ensures compliance and provides detailed reporting.

Deutsche Bank global transaction banking business chief digital officer Thomas Nielsen said: “With the eVault technology, our Document Custody group solidifies its leadership position as a comprehensive solution provider to handle both current and future market trends, and it is an important step in our overall digitisation strategy.

“We continue to capitalise upon the remarkable capabilities afforded by new technologies in order to optimise our clients’ experience. This is just the beginning.”