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Highly Protected Data Transfer for Banks and Financial Institutions

Efficient File Service for Banks and the Financial Sector

In the past, financial data was the primary target of hackers or cyber attacks. However, it is precisely here that it is important that banks, insurance companies and consulting firms can communicate securely with their clients and partners and exchange or jointly process sensitive financial data in a protected manner.

Especially for large financing projects, a common and comprehensive database is the key to success. A secure and modern cloud storage from Germany offers the best basis for providing evaluations, liquidity and financial plans, investment portfolios, annual financial statements, notices, contracts and invoices in the required form at any location and for any requirement.

DRACOON supports you in the digitalization of processes and in meeting all data protection requirements and at the same time the needs of all parties involved. Our File Service meets all relevant data protection and compliance guidelines and has important certifications. This makes the introduction a breeze, because DRACOON...

  • offers outstanding data security because the File Service is developed and provided in Germany - so you can be sure that our solution also complies with the EU GDPR,
  •  ensures with end-to-end encryption that all stored and shared data is protected in such a way that attacks from outside are practically impossible - through client-side encryption, we maximize security because we ensure that the key to your information - as is often the case with other solutions - is not passed on but remains with you, 
  • is continuously tested and certified by external bodies, e.g. by the BSI C5 Testat or an ISO27001
  • and is already in use at numerous companies in the financial sector such as Münchener Hypothekenbank, all Volks- and Raiffeisenbanken, Fiducia GAD and many more.

Security Certifications and Seals Awarded to DRACOON

Send Emails of Any Size in Compliance with the GDPR

All employees have the possibility to send or receive large files comfortably and securely via a release link. Thus, there are no size restrictions as for the email inbox. At the same time, all emails are GDPR-compliant, as the file attachments or the entire email can be sent fully encrypted.

Confidential Files
Stay Confidential

Through the role of data room manager, DRACOON allows departments to take control of managing their data rooms themselves. This not only reduces the IT department’s administrative workload, but also prevents access to confidential files such as payroll data.

Secure Access Anytime
from Anywhere

All employees can use DRACOON as a file service directly on their mobile devices via the native apps. This means they have secure and convenient access to all their files, even when out of the office.

Up-To-Date Documents
without Duplicates

Employees can all collaborate on files in DRACOON data rooms with internal employees or external partners. Thanks to the central and secure platform, everyone has access to the latest documents at all times, eliminating duplicates.

Maintain Control over Your Data

In line with the principle of privacy by design, DRACOON features built-in client-side encryption. DRACOON offers maximum protection of both sent and saved files, because unlike with other solutions, the owner is the only person who has the decryption key.

Effectively Prevent Shadow IT

Every employee has their own personal home drive. This means companies can completely prohibit the use of USB flash drives or private cloud storage and effectively prevent shadow IT.

Fiducia GAD Logo

Financial Institutes Can Use DRACOON to Easily and Securely Digitize Their Processes

When it comes to the digitization of banks and the financial sector, it’s important to remember:
Companies in the financial sector possess extremely sensitive data that must be handled with the utmost care. DRACOON is a GDPR-compliant cloud with end-to-end encryption that, thanks to its certifications, is easy to implement and offers a wide range of possible applications.

Use Case: Project Data Room for Financing Projects

Major financing projects require project data rooms for large amounts of data that employees and external partners and service providers need to have access to. 

Your advantage with DRACOON:
You can give all of the participants access to the data via DRACOON with the appropriate access rights. You can also specify that the access granted to external partners and service providers expires after a certain period of time. To make collaboration even easier, DRACOON for Windows and Mac allows you to integrate the data rooms directly into the Explorer/Finder – meaning all of the project participants can work on the files directly “in the cloud” using all of their local applications.

Use Case: Wall Scenario

Companies in the financial sector often require data rooms that can only be accessed by a select group of employees. In addition, employees must be able to easily manage these themselves in order to deny access to unauthorized third parties as well as the IT department.

Your advantage with DRACOON:
You can initially save files encrypted on the client side in DRACOON data rooms. Then you can assign appropriate access rights to the relevant employees so that only authorized individuals have access to the data rooms. In doing so, you can even exclude the IT department from gaining access as a user.

Use Case: Branch Offices

Branch offices’ file services are often connected via MPLS and VPN today, which is very expensive and complex. 

Your advantage with DRACOON:
DRACOON propels file services into the digital age, enabling them to be used via HTTPS over low-cost, standard Internet connections. In this context, the caching technology implemented in the DRACOON clients for Windows and Mac also helps.

Use Case: BaFin

Germany’s Federal Financial Supervisory Authority (BaFin) audits companies from the financial sector to ensure that they comply with security regulations.

Your advantage with DRACOON:
DRACOON has obtained numerous certifications and uses encryption technologies so that customers meet BaFin requirements with respect to secure data transfer, e-mail encryption, encrypted file services, etc.

Use Case: Fintechs

Fintechs thrive on speed and innovation and need file services that can keep up with this pace.

Your advantage with DRACOON:
With DRACOON, fintechs have the most powerful file service available in terms of encryption and flexibility, as this web-based file service is available on all kinds of devices (computers, smartphones, tablets) as a central storage location.


5 users and 10 GB – free forever.
Save and share your files in a GDPR-compliant manner for an unlimited period of time! 

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