Vcheck Global’s investment in transformative technology catalyzes opportunities to simplify third-party due diligence in business onboarding
Vcheck Global is proud to announce its strategic investment into Zaam, a cloud-based, third-party onboarding SaaS solution provider based in Palo Alto, Calif.
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“Having led businesses in both the software and compliance industries for the past 14 years, I was immediately struck by the focus Zaam has put on starting with the user experience and building from there. The process of onboarding customers and third parties within financial institutions and corporations is a complex mix of regulatory and workflow challenges. Zaam has brought together a remarkable team of talented innovators who are creating a game-changing platform for the AML/KYC due diligence industry that will most certainly disrupt the status quo,” Julie Peck, CEO of Vcheck Global, said of the investment. “Knowing how rapidly technology is transforming the due diligence space, we strongly believe that those who do not embrace innovation will be left behind. Compliance needs to match the speed of business.”
Zaam offers the ability to white label an interface for simplified data collection, automated data analysis for know-your-customer (KYC) and know-your-business (KYB) checks, and case management.
“Our seamless onboarding solution for financial services companies further enables critical compliance efforts, which aligns with Vcheck Global’s mission to help their clients know more about who they do business with,” said Parinaz Firozi, CEO of Zaam. “We are delighted to have the support of an investor with the depth of Vcheck Global’s experience in third-party due diligence of suppliers, vendors, and business partners.”
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