Box wins big financial services company with victory over Morgan Stanley digital safe – TechCrunch

For many years, it has been argued that it would be difficult to get large companies to switch to the cloud, then that it would be impossible to set up regulated industries such as healthcare and healthcare. financial services. Yet in recent years, Box and other cloud computing companies have shown that this just was not true, designing solutions for the most regulated industries. Today, Box has announced a new partnership with Morgan Stanley on a digital safe.

This new tool takes advantage of Box's storage and collaboration capabilities to allow customers to store essential documents such as wills, estate deeds and tax documents in digital form in a Box-based repository encrypted on the market. Morgan Stanley wealth management platform.

The solution relies on the API Box to download documents. Morgan Stanley or the customer can add documents to the vault and both parties receive a notification when new documents are added. This also includes the possibility of commenting, so that the client and the financial advisor can communicate on the documents in case of questions or problems.

Naureen Hbadan, director of digital technologies at Morgan Stanley Wealth Management, said the company had chosen Box for security and ease of use reasons ahead. "Box has been selected because it provides the full functionality needed to deliver a rich customer experience and meet the strict security standards of cloud-based solutions," she said.

Box CEO Aaron Levie has seen the deal in terms of digital transformation. Companies like Morgan Stanley, regardless of their industry, need to transform and deliver better customer experiences online.

"Today, in the financial services industry, companies need to rethink how they connect and interact with their customers, and how they empower their employees. It is a race to transform critical processes such as loan creation and wealth management with digital technology. Many of these workflows are content-centric, and Morgan Stanley is a great example of how Box's cloud content management is enabling new digital experiences seamlessly, "said Levie.