LOS ANGELES (PRWEB) August 20, 2020
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.
“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.”
Vcheck Global is exploring strategic integration points with Zaam and its KYC/KYB and third-party due diligence platform to simplify and automate onboarding and third-party management at scale. For more information about Zaam, visit https://www.zaam.io.
About Vcheck Global
As a leading provider of due diligence background investigations, Vcheck Global protects the reputations and investments of companies around the world. Now named to the Inc. 5000 list of fastest-growing companies in America three years in a row, Vcheck Global and its growing team of accomplished investigators, subject-matter experts, in-house linguists, and client relationship associates can accommodate a variety of client needs and priorities with easily customized scopes and international service coverage.
Zaam is an end-to-end SaaS solution to streamline business onboarding onto financial platforms. Their products include white label collection portal, automated comprehensive business checks and case management tool to streamline internal and external communication. They help financial companies increase conversion rate, reduce operational costs and enhance user experience.