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Secourriel

www.secourriel.com

Fintech sector: Cybersecurity, RegTech

Country of incorporation: Luxembourg

Year of incorporation: 2017

Team names, roles
and company contact

Jorg Reinking, CEO
Vlad Centea, CTO

j@secourriel.com

Elevator pitch

Secourriel is the gold standard of secure messaging.

Secourriel is transforming classic email and messaging into a secure, contract ready trusted solution:

 

  • Strong demand drivers force the financial sector to adopt secure messaging soon – 2018 is a key deadline
  • Platform is tried and tested – important for sensitive data
  • Only we have an unsurpassed B2B ability

Problem solved

  • Lack of conveniece in encryption solutions – lack of acceptance
  • eBanking does not cover non-standardised communication, in particular B2B
  • Financial institutions cannot use email for confidential communication as it is a high-risk-media, when no additional measures are taken
  • EU regulation stipulating encryption and a immediate communication (GDPR, MiFID 2, PSD 2)
  • Litigation risk, when no evidence of transmission/ read is available (message is disputable)

Solution / technology

We are leveraging of a proven cybersecurity platform (regify technology), Secourriel will run and transform the platform locally in line with Luxembourg law and banking regulation.

  • The users keep their existing e-mail addresses or other communication identifiers.
  • This service is deeply customised for the financial industry and fully compliant to EU and Luxembourg specific regulation (e.g. CSSF and CNPD).
  • Preconfigured, PSF ready turnkey solution.
  • All common platforms supported: Web based, Outlook, Lotus Notes, Mac OS, Thunderbird (incl. Linux), Android, iOS.
  • Central transaction register to provide proof of dispatch and receipt to senders.
  • Integration: Plug in/ APIs and SDK available – or SaaS solution in our Tier IV data centre.

Competitive

  • Only we have an unsurpassed B2B ability
  • Re-use of existing mailing solutions at client
  • Evidence of read/opening message from a PSF company
  • Fits organisational model of large corporations (delegation)<:li>
  • Audit trail
  • Paper-less
  • Convenience and network effect (this is why many solutions developed by banks are not accepted or too costly to adopt)

Market size

1st key driver: 360 million financial business emails in Luxembourg p.a.
(source: Radicati Group, Inc., Email Statistics Report, 2015 - 2019, own calculations)

  • 120 billion business emails per day globally (2017e)
  • 3% growth p.a.
  • 32 business emails sent per user/day (250 business days used in further calculations)
  • 45,000+ business email users in the Lux finance industry
  • Costly printing of confidential documents can be replaced*
  • 20 - 1,500 confidential documents per investment client p.a.*
  • Insurance policies and life & health insurance health reports

2nd key driver: 4,000+ entities in the financial-ecosystem of Luxembourg

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