BNP Paribas recognizes Qumram as ‘most complementary to its digital business’, as innovative Swiss Fintech announces global expansion

3 May 2016

Following a hat trick of global award wins, a successful funding round, and backing from many of the world’s leading financial services institutions, Qumram will provide digital compliance solutions for financial services firms from new offices in London and San Francisco.

Qumram, a leading global provider of digital compliance solutions for the financial services industry, today announced the opening of offices in London (UK) and San Francisco (USA), to support expansion of the firm’s rapidly growing FinTech and RegTech business operations. The firm also announced the appointment of UK-based financial services marketing heavyweight Nicola Cowburn, as Chief Marketing Officer. Responsible for leading Qumram brand strategy, and executing go-to-market plans globally, Cowburn brings more than 25 years international marketing and financial services expertise to the business.

Headquartered in Zurich, Switzerland, and with a rapidly expanding client base that already features many Swiss banks, including UBS, Qumram’s expansion will provide local support for many of the world’s leading financial services firms, now that digital record keeping is a regulatory requirement. MIFID-II, SEC 17a-4, ESMA, FINRA, FFSA, and others, require online, mobile and social interactions to be recorded and retained, in the same way that correspondence and telephone calls have been recorded for many years.

At a recent FinTech event in Frankfurt, Laurent Couraudon, Business Center Manager at BNP Paribas Germany, said: “I consider Qumram to be one of the FinTechs whose solution is most complementary to BNP Paribas business. Qumram will help the banking community to achieve digital compliance in a fast, accurate, and automated manner.” 

According to Patrick Barnert, CEO at Qumram, “Two months ago Qumram began securing client wins in the UK and North America. The opening of regional offices in London and San Francisco, along with the recruitment of a world-class staff, is the logical next step in our expansion. Our plans have become reality as a result of the angel investor funding round of CHF 2.4 million that we announced last month.”

Since December 2015 Qumram has received a variety of prestigious accolades – global, European, and Swiss:
* 2015 Top 10 Emerging Star; FinTech 100 ranking (KMPG & H2 Ventures)
* 2016 Top 100 European FinTech; Top Risk, Intelligence & Security FinTech (public vote)
* 2016 Swiss FinTech Award, Runner-up (Forum Executive)

“Customer centricity and compliance are top of mind for every financial services firm we meet. Qumram’s mission is to make financial services more transparent and compliant. Our innovative and unique approach to recording digital business is the only way that a bank or insurance company can be certain they are capturing 100% of every interaction, regardless of channel. Anything less than 100% is, by definition, not fully compliant,” Barnert concluded.



 

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