Drooms in the news

31 May 2019 Finance Monthly

Collaboration Between Banks & FinTechs Is The New Way Forward

Banks are increasingly behaving like FinTechs, and some have even started partnering with them. The digital transformation, in which FinTechs have played a prominent role, has brought with it new cognitive technologies and macro forces such as blockchain and the digital experience, which are continuously shaping all areas of banking.

17 April 2019 New Law Journal

Virtually legal: making technology work for you

Adopting a ‘digital first strategy’ will help firms stay competitive, says Rosanna Woods.

27 February 2019 Finance Monthly

The FinTech Sector is Here to Stay Despite Brexit

While the political and economic uncertainty surrounding Brexit continues, one thing remains certain - technological innovation will continue to disrupt the financial services industry.

18 February 2019 Lawyer Monthly

Lawyer Bots Can Do More Than Automate Mundane Legal Tasks

The legal industry faces ever-increasing demands from clients for faster services and accurate results. An obvious response is to adopt the time-saving and efficiency-driving technologies that are widely available and being incorporated into many other industries.

14 February 2019 Lawyer Monthly

Who Is Behind the Developing Status Quo in the Legal Sector?

Lawyers currently face a technology learning curve that is challenging the procedural status quo of the due diligence processes they apply to mergers and acquisitions (M&A).

01 December 2018 Business Trends

Industry first: blockchain tech in virtual data room

Drooms, Europe’s leading virtual data room provider, recently introduced the first virtual data room with blockchain technology. This combined with its use of artificial intelligence has won the company a 2018 European Property Finance Award in the Innovator of the Year category.

30 November 2018 Finance Monthly

Blockchain Technology – Taking Data Rooms into the Modern Era

Blockchain has been synonymous with crypto currencies for some time but its range of applications and roles in the wider digital transformation are now much more fully understood. This is certainly true of the financial industry, which is gradually shaking off its legacy systems and incorporating this revolutionary technology into an ever-growing number of uses.

13 November 2018 Property Funds World

Over half of real estate fund managers see focus on due diligence increasing, says new research

Due diligence on retail property transactions is set to become more demanding, according to new research among real estate fund managers commissioned by European data room provider Drooms.

04 October 2018 The Patent Lawyer Magazine

Drooms switches to Blockchain

Drooms is moving its virtual data room (VDR) offering into the Blockchain age. As Europe’s leading VDR provider for the UK, Drooms is using this modern technology to enhance the security of transaction data archives. Until now, all data has been stored on physical data carriers following completion of a transaction. But now it can be archived in Drooms’ virtual NXG data room with blockchain protection. As a result, the secured data cannot be lost, is non-manipulable and is accessible to all parties involved in a transaction at any time. Any warranty issues or necessary contract checks can be carried out quickly and problem-free via the data room after a transaction has been completed. As such, the application of Blockchain archiving makes a VDR an ideal tool for solicitors and notaries.

Drooms wins "Best Data Room 2018" in Wealth & Finance Alternative

Wealth & Finance Magazine announces the 2018 Alternative Investment Awards winners and Drooms is one of them. Now in its fifth year, the 2018 Alternative Investment Awards cast a light on the individuals, firms and departments from across all sectors that have played a part in shaping the financial industry. Drooms is proud to be awarded 'Best Data Room 2018: Drooms NXG & Recognised Leaders in Secure Cloud Services'.