Regtech firm Qumram, has received a nice recognition at the 4th Annual WealthBriefing Swiss Awards 2017. Quumrm, a Fintech firm that provides digital compliance and risk management solutions, has been recognized as the “Most Innovative Fintech” by the Swiss private banking and wealth management community.
Stephen Harris, ClearView Financial Media’s CEO, and Publisher of WealthBriefing, who presented the award said;“
“Qumram drives innovation by removing compliance as a barrier, and leveraging big data collected for compliance to grow revenue. These awards truly reflect excellence in wealth management,” said Harris. “The watchwords of the judging process are ‘independence’, ‘integrity’ and ‘genuine insight’.”
Nino Marsolo, Head of Collaboration and Communications Platforms at UBS commented lauded the Qumram platform;
“UBS has experienced the innovation of Qumram since 2013, and we are delighted to see their efforts rewarded by these awards.”
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.
Qumram empowers global banks, investment and wealth management firms, insurance companies, and other financial institutions, to comply with regulatory requirements for the ever growing list of digital record-keeping: MIFID-II, GDPR, ESMA, FFSA, FIDLEG, and more.
Qumram also is said to facilitate fraud detection (monitoring digital behavior of employees as well as interactions from external sources), and delivers actionable insights that improve customer experience.
Patrick Barnert, CEO at Qumram, said he was honored to be recognized by the Swiss banking community;
“These awards are a testament to the innovative qualities of our digital compliance solution, and the dedication of our team to deliver projects that succeed and drive value. Judges in both contests complimented the value-add that we provide, beyond compliance. Qumram uses the big data gathered for compliance to gain insight into customer behavior, which drives a far more customer-centric approach. The opportunity to leverage spend on regulatory compliance to drive business and marketing value is unique.”
Qumran was just recognized as the Private Banker International “Best Front-end Digital Solution” award in December.