The problem: As the challenged roll-out of the PPP program shows, banks and financial institutions have long been challenged to efficiently serve businesses. A big part of that challenge is that required "Know Your Customer" (KYC) checks are notoriously difficult for many businesses.
Zaam’s solution: All-in-one software to collect data, streamline communications and manage the customer onboarding experience.
Why Zaam is different: Direct integrations with primary providers of data coupled with an integration that allows for effective use by all members of the financial institution team.
Why it’s the right investment for us: We understand the pain within the current business onboarding process and saw the potential in unlocking public and private data sources in a more streamlined way. Our connectivity to the banks and other financial institutions that fit Zaam’s target customer profile allowed us to help accelerate their go-to-market.
Why Zaam matters: The expansion of stricter anti-money laundering and anti-terrorism financing rules has dramatically increased the compliance burden for financial institutions and limits the efficiency of banking small and medium sized businesses. The economic damage of the pandemic on this sector has been extreme and we think solutions like Zaam are going to be critical to helping the economy recover.