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    ZIGN   SE0012930105

ZIGNSEC AB (PUBL)

(ZIGN)
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ZignSec : Signs Agreement with Audit Firm Grant Thornton

10/01/2021 | 02:01am EST

ZignSec has, through its subsidiary Wyzer Limited, signed an agreement with Grant Thornton, which means that Grant Thornton will use ZignSec's services to digitize and automate business processes relating to customer onboarding and risk assessment of individuals (Know Your Customer, KYC) and businesses (Know Your Business, KYB). The solution will consist of a full client-facing portal where customers can submit data and documentation as well as a back-office system where Grant Thornton's employees can view submissions and perform risk assessments.

 
The agreement involves the provision of an inhouse developed Customer Relationship Management (CRM) system which Grant Thornton will use to manage existing and new customers and involves services such as Document Scanning, PEP and Sanction Screening, Ultimate Beneficial Owner and Companies House Lookups.

Comment from Timm Schneider, CEO of ZignSec:
“We are continuously investing and developing towards becoming an infrastructure provider for regulated businesses as well as their supervisory bodies. The audit segment is highly regulated but very fragmented due to the sheer number of different jurisdictions and this is where ZignSec adds value as a global aggregator of verification solutions. The audit and regulator industry is a key strategic field in our effort to become a global infrastructure provider for regulated businesses. I am really happy that our strategy to combine our group companies’ services could be realized so quickly.”

For more information, please contact:

Timm Schneider, CEO
Phone: +46 8121541 39
timm.schneider@zignsec.com

ABOUT ZIGNSEC
ZignSec AB (publ) is a RegTech company that develops and operates a technical platform that brings together different types of ID verification methods in one place. The methods are used by companies to securely and quickly identify online customers in real time. The company's customers are found in several industries where identification is important, with the greatest concentration in financial services and other regulated businesses.

Nasdaq First North (ZIGN)
Certified Adviser: Eminova Fondkommission AB, Phone: +46 8 684 211 00

© Modular Finance, source Nordic Press Releases

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Financials
Sales 2020 14,2 M 1,56 M 1,56 M
Net income 2020 -13,5 M -1,48 M -1,48 M
Net cash 2020 48,3 M 5,29 M 5,29 M
P/E ratio 2020 -31,4x
Yield 2020 -
Capitalization 396 M 43,4 M 43,3 M
EV / Sales 2019 18,4x
EV / Sales 2020 28,6x
Nbr of Employees 84
Free-Float -
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Managers and Directors
Timm Schneider Chief Executive Officer
Johan Törnqvist Chief Financial Officer
Alexander Albedj Chairman
Victor Cassel Chief Technology Officer
Jason Coombes Chief Operating Officer
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