Underscores Escalating Cybersecurity Risks and Importance of Fully Integrating Cybersecurity Protections with Industry-leading Technology Offerings
SANTA CLARA, Calif., Jan. 23, 2019 /PRNewswire/ -- Entreda, an industry-leading developer of integrated cybersecurity software and solutions for the retail wealth management industry, today announced the kickoff of a series of major industry strategic alliances, starting with its new partnership with Docupace, the premiere digital operations platform for digitizing front and back office financial advisory workflows to reduce paperwork and increase productivity.
Sid Yenamandra, Co-Founder and CEO of Entreda, said, "Multiple events from last year underscore the accelerating risk of cybersecurity attacks against independent wealth management firms and their affiliated financial advisors. Entreda's new strategic partnership with Docupace reflects the importance of fully integrating comprehensive cybersecurity protections with the core offerings provided by well-established technology solutions providers such as Docupace."
Scheduled to begin in the first quarter of 2019, the partnership will give Docupace the ability to authenticate users based on their device's cyberrisk number while allowing each firm's administrators to track the real-time cybersecurity status of user devices from the Docupace dashboard.
Mr. Yenamandra continued, "Just as financial advisors and their firms need to protect sensitive data that resides on all of their software, software providers need to provide versatile solutions that allow advisors to operate safely without adding cumbersome steps to their responsibilities. Our new partnership with Docupace delivers an incredibly simple yet effective level of cybersecurity to the company's users. Entreda's Unify platform, and its cyberrisk number scoring system, all work seamlessly without getting in the way of the features that financial advisors and their firms have always loved about Docupace."
Mark Tapling, Chief Executive Officer of Docupace, said, "Docupace is committed to providing our broker-dealer customers and their financial advisors the most secure environment for digitizing their operations. Partnering with Entreda helps Docupace customers solve a real business dilemma in managing the requirement for processing and storage security without owning the endpoints. The combination of the Unify suite with Docupace is a great way to directly minimize or even eliminate that risk."
Mr. Yenamandra concluded, "Our partnership with Docupace is consistent with our commitment to build relationships with leading third-party service providers to give the greatest possible number of financial advisors and firms the best possible chance of protecting sensitive client data from costly cybersecurity breaches."
Founded in 2011 with offices in Santa Clara, California and Birmingham, Alabama, Entreda is the leading provider of comprehensive cybersecurity software, systems and training to the independent financial advice and healthcare industry. Entreda developed its award-winning cyberrisk number platform, Unify, to help regulated industries monitor and protect client information and assets with the highest standards of security. Entreda's senior leadership team has over 100 years of combined experience in cybersecurity technology and 40 years of combined experience in the financial services (RIAs and broker dealers) and healthcare industries. For more information, visit www.entreda.com.
Docupace is a leading digital operations technology provider that simplifies how wealth management firms process and digitize data, increasing efficiency, productivity, and profits. With the secure, cloud-based Docupace Platform, the Docupace team provides a suite of solutions that helps broker-dealers, RIAs, and their advisors digitize client onboarding, document management, advisor transitions, and other critical workflows while maintaining SEC and FINRA compliance.
Based in Los Angeles, California, Docupace is proud to serve a variety of firms, including some of the largest in the industry, through a combination of proven technology and hands-on service. For more information, please visit www.docupace.com.
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