London 1st February 2022: Artesian : DueDil, a number one UK Fintech tackling a few of monetary services and products largest demanding situations, is happy to announce a brand new partnership with undertaking virtual id supplier, Umazi. Aiming to set a brand new onboarding usual for due diligence processes within the SME marketplace, the collaboration between those two influential virtual leaders will uniquely facilitate a extra streamlined and powerful compliance panorama.
Regulated establishments akin to banks, FSIs, and legislation companies will have to ceaselessly scrutinise the id and validity of SMEs to evaluate and classify possibility. On the other hand, regardless of being time-sensitive, those processes are in most cases inefficient. This distinctive partnership removes the weight by way of combining Umazi’s open-source permissioned blockchain platform, with Artesian : DueDil’s Trade Data Graph (B.I.G™) to floor distinctive insights for complex validation and verification at scale.
Umazi Collaborates with Artesian : DueDil
Talking in regards to the partnership Justin Fitzpatrick, COO and Co-Founder at Artesian : DueDil, commented: “Companies have suffered the results of arduous due diligence necessities and backwards processes for too lengthy. Guide due diligence isn’t just pricey and time-consuming, but additionally leaves monetary services and products suppliers open to needless possibility. Through operating in partnership with Umazi, our purpose is to facilitate the cross-industry adoption of extra streamlined and ceaselessly up to date due diligence. It is a resolution this is quicker, inexpensive and extra tough for each companies and fiscal services and products suppliers.”
Cindy van Niekerk, CEO of Umazi, added: “We’re thrilled to paintings with Artesian : DueDil, a partnership that we imagine will act as a catalyst for exchange in the best way monetary establishments behavior their due diligence on company consumers. Artesian : DueDil has a long-standing popularity for serving to banks, insurers and FinTechs interact and onboard the proper enterprise consumers. Umazi pioneering virtual ledger era provides to this, making a re-usable id that advantages companies and fiscal establishments.”
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NOTES TO THE EDITORS
For more info please touch:
Kelly Prior, PR Advisor
Tel: 07730 572878
E mail: Kelly@kellyprior.co.united kingdom
About Artesian : DueDil
Artesian : DueDil is helping corporations in financially regulated industries do greater enterprise quicker. Its answers permit entrance and center workplace groups to have interaction, onboard and retain the proper enterprise consumers for existence. Perfect-in-class knowledge enrichment supplies a complete buyer view and a strong, low-code laws engine reduces the regulatory burden and drives larger automation. Thru its internet utility and best-in-class API, Artesian : DueDil tremendously reduces the associated fee to obtain and serve the proper enterprise consumers.
Sponsored by way of best tier buyers together with Octopus Investments, Perception Capital, Augmentum Fintech and notable angel buyers, Artesian : DueDil brings in combination many years of blended revel in serving UK monetary establishments. As of late, it serves greater than 600 consumers and 15,000 finish customers in 6 of the ten biggest UK banks, in addition to best insurers and FinTechs.
Consult with https://www.better-business-faster.com/ to determine extra.
About Umazi
Umazi facilitates the introduction of a cross-industry virtual id, enabling corporates to end up their id and legitimacy. Umazi gives a compliance resolution that tremendously reduces the complexity of compliance processes. Consequently, additional lowering time, prices and dangers which are in most cases concerned. Moreover, it lets in for a real-time and clear audit procedure, enabling monetary establishments to control their consumer knowledge extra successfully.
