I am doing research about the product and curious as to what you would store in the digital safety deposit box.
Thinking along the lines of banking/investment, wealth management, insurance or legal. What features would be useful in a platform such as this?
*Curious as to what features would be useful to the markets above.
There are a few well established products in the market, for example, LifeSite. So competition exists, if you feel you can build a better version of this and others, by all means. Could be there are other use cases you might pursue, though?
A friend is the CEO of a similar service - they are partnered with several major companies and financial institutions - this is an interesting space.
What I see missing is a "dead man's switch" where a repository does not become accessible until/unless that person has died or is incapacitated, where a successor is given all passwords and access to the person's digital life. In that, you could have a full and complete digital access key that would cover all sites defined by the user. I would like my executor to have this access in a single place, but have not been able to find such.
Dual factor authentication with fingerprint
Honestly, I was not aware of DigiLocker. Interesting service/initiative by Indian government. It seems centralized repository for documents or certificates issued by the government of India departments are integrated with DigiLocker. Citizen/user should have explicit consent to receive data through DigiLocker. I am sure in the USA we don’t have anything similar offered by a federal government.
Coming to question by our anonymous friend, assuming he/she is trying to build commercial digital vault product similar to Google drive and OneDrive as couple of you mentioned. As far I know these latter mentioned products are used by regular individual for saving their personal files not exclusively used for commercial purpose.
Coming from FinTech area I foresee an opportunity as long we see end to end file/data encryption including data loss protection (DLP), seamless Integration with existing cloud repository, ability to keep the data in one region/Country (data jurisdiction), file and folder classification , ability to shar with team/ client, audit and security logs and some hardware integration for multiple scanning, Indexing. I hope that help!
There are great examples of mature solutions for this in the wealthtech space. The most notable and mature from my perspective is the eMoney vault to store financial plans and other client documents related to creating or supporting a financial plan. While it has not been important in the past, one feature that is increasingly important is the ability for the digital safety deposit box or client vault to be SEC 17a-4 compliant. Please feel free to reach out to me if you want to discuss further. Thanks!
Why not ask your customer?