Built by industry experts with deep experience in compliance and AML
RAED Ventures’s Journey
Elevating KYB efficiency with azakaw
RAED Ventures, a venture capital firm, sought a comprehensive compliance platform to meet their unique business needs. As existing clients of j.awan & partners, a group subsidiary of azakaw, they were familiar with the benefits of outsourced compliance services but needed a more tailored, unified and automated approach for their KYB processes.
The challenge
RAED Ventures streamlined its KYB operations with Azakaw, which not only facilitated secure document uploads through extended links but also allowed for customized branding. This enhancement has made the onboarding process smoother and more reassuring for investors, boosting their confidence in our compliance practices.
The solution
By adopting azakaw, RAED Ventures transformed their KYB process.
Streamlined Onboarding: Clients now register and upload documents securely through azakaw, significantly reducing the risk of document loss and improving confidentiality. Aashish noted, “The ability to securely invite clients to upload their documents has been particularly helpful in streamlining our onboarding process.”
Single Source of Truth: azakaw serves as a central repository for all compliance-related documentation, ensuring that both Aashish and his colleagues, have access to the most up-to-date information and can conduct audits in a more efficient manner.
Enhanced Professionalism: azakaw’s form factor allowed RAED Ventures to customise the KYB process with their branding, creating a more personal and professional image in the eyes of clients and investors.
Clients have commended us for the fact that we have moved from a conventional way of onboarding to an enhanced, efficient and secured manner
Aashish Dhaawan
RAED Ventures
User experience
Our collaboration with azakaw has positively impacted RAED Ventures' operations. azakaw's dedication to enhancing our user experience by providing time fixes and attention to detail has helped improve the experience for all users.
RAED Ventures
Industry: Venture Capital
Location: Riyadh, Saudi Arabia
Key Results
Improved Efficiency: The automation of document handling has reduced the time spent on KYB processes and allowed the team to focus on more strategic tasks.
Enhanced Monitoring Capabilities: azakaw's Optical Character Recognition (OCR) technology has proven particularly valuable, achieving approximately +95% accuracy in capturing data from uploaded documents and significantly reducing the need for manual intervention.
Outcome
azakaw's customisation options, aligned with the firm's branding, have elevated their professional image.
Closing note: The creation of this success story has also generated feedback for change. We are committed to working closely with RAED Ventures and all of our users to continuously refine the platform, ensuring it aligns perfectly with their objectives.
