DocStribute, a firm specialising in regulated document distribution solutions, has announced its strategic partnership with Hinckley & Rugby Building Society.

The mutual has a strategy for efficiency through digitisation across all business areas, and also seeks ways to reduce carbon emissions and promote better climate-friendly business practices. Through the docStribute platform Hinckley & Rugby is aiming to reduce the cost of document delivery by over 70%, whilst enhancing its digital transformation journey to largely remove paper and reduce carbon use.

The partnership will enable Hinckley & Rugby to give customers secure digital access to regulated information in an engaging way that it believes promotes greater understanding and drives well-informed financial decisions.

DocStribute leverages Distributed Ledger Technology (DLT) to protect the integrity of customer documents. Using DLT, the solution creates secure and unchangeable records of information and communication interactions, ensuring transparency and security throughout the document distribution process.

Chris Ansara, CEO of docStribute, said: “We are excited about our collaboration with Hinckley & Rugby Building Society. This is the third Building Society customer for us and reflects the priority building societies put on customer engagement.

“Our innovative approach means we can quickly reduce cost and carbon usage, whilst enhancing customer experience, and we are already distributing over five million documents a year. We very much look forward to helping other financial services firms do the same.”

Cheryl Pidler, director of operations of Hinckley & Rugby Building Society, added: “The partnership with docStribute allows us to communicate with members in the way they want whilst at the same time improving our operational efficiency, reducing costs, and lowering our carbon footprint. We are looking forward to working with docStribute towards the launch later this year.”