VITREUS launches next-generation, compliance-focused blockchain for the financial industry
ROAD CITY, The British Virgin Islands, 10 February 2023 /PRNewswire/ — VITREUS is a new digital infrastructure that aims to revolutionize the financial sector. The first-to-market platform is developed for businesses such as broker-dealers, tax/accounting firms, insurance companies, small banks, credit unions and the RIA market, with a focus on providing a compliant and secure solution for their needs.
VITREUS is designed to handle the heavy lifting of compliance, lighten the burden of physical storage and automate a variety of business processes that the financial sector deals with on a regular basis. The platform has a permissioned blockchain and a suite of software applications that provide an unmatched level of cybersecurity, with data written to the ledger that is immutable and non-fungible, which ensures a secure system for access credentials. With VITREUS, companies can easily save and recall operational documents in seconds, taking comfort in the fact that the data is approved by three levels of compliance assurance.
The need for a new solution in this niche became even more apparent since the COVID-19 pandemic, with remote working being introduced and cyber security becoming an increasingly challenging front to maintain for several industries. VITREUS is a next-generation, head-on solution for enterprise-wide cyber security needs and offers a unique position when it comes to regulatory compliance. The platform is powered by artificial intelligence, which enables the client companies to process their data through the proprietary compliance engine. This engine checks for business-based compliance goals, regulatory rules, and compliance laws.
Managing the long-term storage of operational documents has always been a major headache for the financial sector. The requirement to store documents for a period of over ten years can become difficult without investing in physical storage space, and developing and maintaining a complex filing system can be a tedious task. With VITREUS, client companies can quickly and easily store with business operational documents and retrieve within seconds, eliminating the need for physical storage space and complex filing systems.
Regulatory compliance is a critical issue for the financial sector, and VITREUS stands to deliver a comprehensive solution, a multi-faceted approach to ensure compliance. The platform offers a suite of business software that focuses on tackling the big problems in the financial industry with the latest technologies in a concise and efficient way. With digital transformation on the horizon, the financial sector can jump ahead and regain its competitive edge.
Collaborative Digital, the company behind VITREUS, was born from two RIAs from Florida who have been colleagues for several years. Founder and CEO Chad justice of Collaborative Wealth and co-founder and COO Brenton Thai created Collaborative Digital with the goal of bringing forward the digital transformation of the archaic financial industry.
Parties who may be interested in joining the Seed Round Presale of VTRS – the original tax free cryptocurrency of the VITREUS chain – are invited to learn more about the project at vitreus.io. There they can also find a comprehensive Whitepaper of almost 50 pages that describes all aspects of the project, which may very well be the most ambitious blockchain effort in 2023. The seed round will open to the public at February 21St and lasts for 30 days or until sold out.
Contact:
Jaren Holmes
+1-936-443-1393
[email protected]
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SOURCE VITREUS
