What is The Compliance Vault?
The ProvenDB Compliance Vault is a cost-effective software solution that provides a tamper-resistant digital store for your critical compliance information.
The ownership and creation date of information stored in ProvenDB Compliance Vault can be definitively proven by stringent industry-standard cryptography. With ProvenDB Compliance Vault you can be certain that your compliance data will satisfy the most rigorous compliance audit.
ProvenDB Compliance Vault is a data storage solution that fully complies with the strictest
regulator's data handling requirements. Documents stored in a ProvenDB Compliance Vault
incorporate indisputable proof of origin date, cryptographic signatures proving document
ownership, unbreakable tamper-detection, and complete visibility into all document
modifications. ProvenDB Compliance Vault can be used as a cloud service or can be deployed
on-premise. The entry-level pricing is less than that of a premium Netflix subscription, making
it both the cheapest and most effective way to prove the integrity of your critical compliance
Which of my documents should go in the Compliance Vault?
- Anti-Money Laundering and Counter-Terrorism
- Financing records.
- Know Your Customer (KYC) documents.
- Board minutes and resolutions.
- Receipts, invoices, and other documents
supporting tax claims.
- Credit Reporting Privacy disclosures and
- Contracts, applications, and all materials that
form the basis of a financial credit assessment.
- Timesheets and employment records.
- Personal Information Consents.
- Significant email trails.
What if I don't have a Compliance Vault?
The most important feature of the ProvenDB Compliance Vault is allowing you to avoid the significant costs of non-compliance. It is well known that the potential penalties for non-compliance far outweigh the costs of compliance. According to a Ponemon study of large US-based multi-national corporations, the
cost of not being in compliance is roughly three times the cost of implementing effective
Updated almost 3 years ago
Now that you know what the ProvenDB Compliance Vault is, it's time to get started!