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It’s time to distribute capital, and now the private equity firm must answer a deceptively simple question: Are the banking details we collected at subscription time still correct today?
Where risk creeps in
Until now, private equity firms and their fund administrators attempted to answer this question with human double-checks. Often, teams would pull a list of LPs and attempt to confirm banking details by phone — and yes, that means reading account numbers aloud for verification.
Worse, when calls failed to reach all LPs, teams would resort to email to request or confirm this sensitive information.
This approach introduces two serious problems:
- Operational friction. Chasing confirmations takes days or weeks, slowing distributions and absorbing staff time.
- Fraud exposure. In the age of AI, business email compromise, voice cloning, and social engineering make emails and phone calls unsafe.
Rather than securing private equity transactions, manual double-checks like these not only waste time, they dramatically increase fraud risk by creating attack surface for fraudsters to exploit.
How 6lock solves it
The safest sensitive data is data that firms don’t have to handle repeatedly — or at all. This is where 6lock changes the model.
6lock becomes the secure system of record for verified LP data. Rather than storing banking details in spreadsheets and confirming them ahead of each distribution, the data is locked in 6lock’s secure data vault. Identity verified LPs manage their data directly on desktop or mobile. This means firms never need to:
- Store account numbers internally
- Read them aloud on calls
- Send them via email
- Re-confirm them before a distribution
The data stays current because the owner of the data controls it — securely.
6lock sets a new standard: Verified Money Movement (VMM)
This approach creates an entirely new category: Verified Money Movement (VMM). With VMM:
- Identities are verified, not inferred
- Instructions are confirmed by system, not by phone call
- Transactions are made with auto-verified banking details, not manual double-checks
When it’s time to move money, firms aren’t “hoping” details are correct — they’re executing against a verified, continuously maintained system of record.
One Change. A Meaningful Risk Reduction.
Adopting 6lock doesn’t just modernize distributions. It removes an entire class of risk from fund operations.
- No repeated handling of sensitive banking data
- No confirmation calls or insecure emails
- No growing attack surface created by manual workarounds
- No dependency on voice or inboxes as proof of identity
It’s a single operational decision that materially improves security, efficiency, and confidence — for firms, fund administrators, and LPs alike.
In an era where fraud scales faster than human controls, improving risk posture doesn’t require more process.
Sometimes, it just means choosing Verified Money Movement — and letting the system do what people never should have been asked to do in the first place.
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