docStribute utilizes Distributed Ledger Technology to create a durable medium for delivering regulated documents, significantly enhancing customer engagement and understanding. By providing easy access and intuitive navigation, docStribute addresses the low readership rates of traditional document delivery methods, achieving an open rate of 78% compared to just 15% with banking apps.
Funding
$1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Financial service firms struggle to ensure customers read regulated documents, with readership as low as 15% for documents delivered via banking apps. This lack of engagement leads to poor customer understanding and increased risk of negative outcomes, potentially neglecting a firm's Consumer Duty. Firms typically fail to track interaction and engagement across regulated documents, hindering their ability to improve customer engagement.
Solution
docStribute utilizes Distributed Ledger Technology (DLT) to create a durable medium for delivering regulated documents, enhancing customer engagement and understanding. Documents are easily shared via email or messaging services, eliminating the need for logins and improving the customer journey. The platform assists firms in improving open rates, engagement, and understanding through AI, simple language, engaging layering, and user-friendly formats. By providing easy access and intuitive navigation, docStribute addresses the low readership rates of traditional document delivery methods.
Target Audience
Primary customers are financial services firms needing to deliver regulated documents in a durable medium and improve customer engagement and understanding.
Features
- Durable medium hyperlinks powered by Distributed Ledger Technology (DLT)
- AI interrogation tools for enhanced document understanding
- Easy document access and simple navigation
- Intuitive layering of information
- Tracks interaction and engagement across regulated documents
- Email delivery rate of 98.7%