Secourriel
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