VaultRight offers digital tools for financial institutions to streamline branch operations, including digital logs, keybox management, and all-clear processes. Their solutions aim to improve efficiency and security within bank branches.
Funding
Funding not disclosed
Founders
Product
Problem
Financial institutions often rely on outdated, manual processes for branch operations, leading to inefficiencies, increased risk, and limited visibility into key activities. Paper-based logs, physical keyboxes, and manual all-clear procedures are cumbersome, difficult to audit, and prone to human error.
Solution
VaultRight offers a comprehensive digital platform designed to streamline and secure branch operations for banks and credit unions. The platform replaces outdated paper logs and manual processes with intuitive, mobile-first digital tools, including digital logs, digital keybox management, and digital all-clear procedures. VaultRight provides real-time monitoring, automated alerts, and robust reporting to increase visibility and accountability. Features like geofencing, whitelisting, and emergency notifications enhance security and access management, while data-driven insights enable smarter decisions and optimized outcomes.
Target Audience
VaultRight targets banks and credit unions seeking to modernize branch operations, improve security and compliance, and gain better visibility into branch activities.
Features
- Digital Logs: Replaces paper logs with a configurable mobile app, featuring date/time stamps, QR code matching, and PIN validation.
- Digital Keybox: Tracks key and combination inventory with precision, securing and distributing encrypted combinations digitally.
- Digital All-Clear: Streamlines branch opening protocols, supporting single, dual, or remote entry procedures with instant emergency assistance requests.
- Teller Audit Management: Automates randomized surprise audits with notifications, reminders, and escalation paths.
- Reporting & Analytics: Web-based admin portal delivers centralized visibility and real-time insights into branch activity with customizable risk alerts.
- Emergency Notifications: Delivers simultaneous push, email, and text notifications to employees during critical situations.
- Automatic Location-Based Access Control: Uses geofencing and IP whitelisting to restrict platform access to authorized branch employees.