Qumram Debuts Unique Financial Services RegTech Solution at CeBIT 2017

Zurich - 3 March 2017

Heralding the Swiss firm’s market entry into Germany, Qumram will demonstrate fully-compliant recording and replay of all user interactions, across all digital channels: web, social and mobile.

Qumram, a leading global RegTech firm providing digital compliance and risk management solutions, has announced its participation at the ever-popular CeBIT fair in Hannover, Germany. Qumram will exhibit on the Swiss Pavilion stand (Hall 6, E30) on 20-21 March, and on the Swiss Start-up Pavilion stand (Hall 11, B51) on 22-24 March, at the invitation of CTI (Commission for Technology and Innovation) and Qumram partner Swisscom.

Qumram allows all digital activity and interactions (web, social, mobile) to be recorded and replayed, in movie-like form, providing a transparent digital audit trail for financial services organizations. This is the only solution in the market that enables banks, investment and wealth management firms, insurance companies, and other financial institutions, to see exactly what their customer saw, when interacting with the firm via digital channels. It is also the only solution to provide fully-compliant social media recording, on LinkedIn, WeChat and WhatsApp.

Qumram empowers banks to embrace digital transformation, while ensuring compliance with global regulatory requirements for digital record-keeping: MIFID-II, FINRA, SEC, ESMA, FFSA, FIDLEG, the Department of Labor fiduciary rule, and more. Qumram also delivers unique employee surveillance capabilities, to detect internal fraud, as well as enabling customer lifecycle management and providing actionable insights that improve customer experience.

Since December 2015, Qumram has attracted seed and angel investments totaling 4.6 million Swiss Francs, and has grown the client base substantially. In Switzerland, Qumram has secured contracts with UBS (globally), many of the Kantonalbanks, and insurance companies, including Swiss Mobiliar and CSS Insurance. In 2016, Qumram added key accounts in the UK and USA, including Seattle-based Russell Investments.

Patrick Siegenthaler, Director Business Development DACH at Qumram, commented: “Our solution is very popular in Switzerland, the UK and USA. Financial services organizations in Germany face the same demands from their customers to ‘go digital’, but it is a challenge due to the highly-regulated nature of the industry. With Qumram, you can engage with customers on the channels they prefer, while also safeguarding against non-compliance. We are excited to debut our solution to the German market at CeBIT.”

Founded in 2011, Qumram is a leading global provider of fully-compliant multi-channel recording, e-discovery, and web archival solutions. Qumram seamlessly records and replays all interactions, across all digital channels, web, social and mobile. The indisputable evidence captured can be used to resolve disputes, aid fraud detection, expose employee governance issues, prove compliance, mitigate conduct risk, and improve customer experience.

Headquartered in Zurich, Switzerland, and with offices in the UK, Spain and the USA, Qumram is a privately owned business with clients across Europe and North America. Qumram’s many awards and accolades include: Most Innovative Swiss FinTech (WealthBriefing 2017), Best European FinTech (NextMoney USA 2016), Canadian Institute Wealth Management Challenge Winner, Best Front-End Digital Solution (Private Banker International 2016), Top 100 European FinTech 2016, Top Risk, Intel & Security FinTech 2016, Top Swiss FinTech 2016 runner-up, Swisscom Startup Challenge Winner 2016, Top 100 Global FinTech 2015 (KPMG), and Top 10 Global FinTech Emerging Star 2015 (KPMG/H2 Ventures).

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