Meet Christopher Ansara, CEO and Founder at Document Distribution Start-Up: docStribute

docStribute is a UK-based Tech startup disrupting document distribution!

Our core product enables financial institutions to distribute highly regulated documents to customers, via immutable hyperlinks, offering a secure and sustainable digital alternative to sending documents via post or pdf , while helping institutions meet the legal requirements set out by the Financial Conduct Authority.

Our product uses the Hedera Hashgraph network: a decentralised enterprise-grade public network that builds secure, fair applications. The Hedera network provides the highest standard of security to prevent malicious attacks and, unlike other networks, has a low emissions output.

Use of docStribute ensures documents are secure, sustainable, and compliant. We enable businesses to play a big part in helping the UK to meet its net zero decarbonisation targets, one document at a time. docStribute helps large organisations streamline the digital distribution of regulated and non-regulated documents in a way that reduces industry’s reliance on paper. As well as being financially beneficial for our clients, our solution can result in a 95% reduction in paper usage and a 330g decrease in CO2e per 60 page document compared to postal delivery.
 
 

 

How did you come up with the idea for the company? 

 
With a background in advertising, I have worked with some of the world’s leading brands including Coca-Cola, Adidas, and McDonald’s. It was through advertising that I found I have a passion for solving business challenges, initially through communication and now through technology.

Prior to founding docStribute, I spent three years in one of the UK’s largest retail banks, and worked with many senior product and regulatory stakeholders to develop content and software solutions that facilitate digital transformation.

During this time, I witnessed first-hand how the digital delivery of sensitive documents such as terms of service and contracts is heavily regulated, complex, and expensive, often resulting in financial institutions reverting to the distribution of printed documents instead. Not only is this costly, but results in masses of paper waste with an environmental impact.

Myself and co-founders Christian A. Hvamstad and Vegard Bringsjord and our tech co founder Nino Vang Vojvodic noticed this problem with the way financial institutions communicate with their customers, and knew there was a better way. A way that was more sustainable, digitally safer and more cost effective. So we decided to build docStribute together: a company with applications using distributed ledger technology which  is sustainable, digitally safer, and cost-effective for financial services companies to better communicate and reduce industry’s reliance on paper, and streamline digital processes, mitigating the risk of non-compliance.
 

How has the company evolved over the last couple of years?

 
A company like ours is always growing intellectually. Our team is integral to our business and a core part of our company culture is the desire to develop, modify, disrupt and grow as we continue to mature as a business. Putting people at the heart of such an ethos creates a sense of collective endeavour, and has enabled our team to fully immerse themselves in our company values in a seamless way.

Our client list has evolved as well; we work with companies drawn from several finance segments, such as cross-border payments, banks and currency exchanges to building societies. We are now advancing the application of our products beyond financial services into adjacent sectors, such as the legal sector and real estate.
 

What can we hope to see from docStribute in the future?

 
We are experiencing continued growth and development across the board. We are part of an exciting and growing space, which we are well-positioned to become a leader in, so the future is very exciting.

RegTech is a $6.5bn global industry. Last year, non-compliance with industry regulation cost the global financial services industry $10.4 billion. So there is a huge demand for technological solutions to the problem of how to stay within the rules and fulfil legal obligations.

It is estimated that the UK financial sector posts out 5.2 billion documents to customers every year, costing £1.7 billion and 2.4 million trees. docStribute delivers a 95% reduction in paper usage and up to 70% in financial savings, and as we continue to grow exponentially, we’re confident we can empower thousands more companies to distribute regulated documents digitally and cut costs, not forests.