Qumram announces expansion into the UK and USA

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03.05.2016

Following a successful closing of CHF 2.4 million financing round, Qumram, the Zurich based Fintech startup, announces expansion to the United Kingdom and United States of America. The company will provide digital compliance solutions for financial services firms from new offices in London and San Francisco.

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. These regulations and implementing standards 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.

Qumram also announced the appointment of UK-based 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. San Francisco-based Bob Trevelyan, VP Sales North America, brings extensive experience in financial services sales and marketing, domestically and internationally.

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.”

Already active in UK and USA
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.”

 “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 percent of every interaction, regardless of channel. Anything less than 100 percent is by definition not fully compliant,” Barnert concluded.

(Press release)

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