What we do is very relevant in the COVID world we live in. And the numbers prove it.
Siftsort helps you to securely organize and share highly-sensitive documents with family or trusted professionals. Founded by former Goldman Sachs technology executives, our goal is to provide a simple and secure way to share sensitive files.
That might sound simple. And it is to some extent. But sharing sensitive documents in regulated environments (e.g. banks, financial advisory firms, accounting firms, healthcare) is anything but simple. Large scale data breaches can cost millions of dollars in fines and ruin the reputation of the business. It’s these regulations and the potential penalties that may be incurred, which makes the simplest of tasks (sending an email) more complex.
We designed our platforms to help close the gap on compliance and cybersecurity risk so that you can share the content you need to from anywhere, even in a complex (regulated) environment.
Our retail platform
A turn-key solution designed for consumers and small or medium size businesses to seamlessly and securely share sensitive files, when needed. Ideal for personal use or for professionals; such as accountants, lawyers and financial advisors working in teams.
Our enterprise solution
A fully-integrated solution that provides clients a compliant way to organize and share important documents with their Financial Advisors or trusted third-parties, directly from any institutional client portal.
How the COVID pandemic changed the work environment and increased the compliance risk.
When the global lock down occurred, firms had make adjustments to have staff work from home. Again for most employees, managing email and voicemails from the comforts of their home wasn’t so much an issue. But, this in and of itself creates compliance risks for large institutions such as a bank or private wealth management firm. Servicing clients outside the firm, where the in-house compliance system may or may not be able to monitor employee activities raised red flags.
Employees who interact with clients on a day-to-day basis might need to share sensitive files. This sounds easy to the everyday employee. But in a regulated environment, there are restrictions in place on what types of documents can be shared and how. Large firms spend millions of dollars on infrastructure to ensure the majority of their employees have some sort of remote access to the firm. But, there are still challenges for employees who interact with clients from their home. Especially when the only client facing tool might be the company website or a client portal. An integrated secure messaging and document vault platform can help to mitigate these risks when servicing client needs.
Our solutions compliment the tools that are already in place to help professionals interact with clients in a compliant way. More professionals and clients are interacting and sharing sensitive files on our enterprise platforms which are embedded at Fortune 100 financial institutions.
- 422% increase of new Users in Q1-2021 vs. Q4-2020.
- 315% increase of new Users compared to the same period last year.
- Q1-2021 had generated more new Users than all of 2020.
It should be no wonder that tax season is always busy for us with Professionals and Clients sharing sensitive files back and forth. But during the pandemic, those interactions grew exponentially. And the numbers prove it.