Tech

WCKD RZR Secures Pre-Seed Investment of £ 920,000 From Angelic Investors – UK Technology Investment News

Pre-seed investment of $ 1.2 million for WCKD RZR

Former HSBC boss solves huge data governance problem for global companies

March 17, 2022

WCKD RZRthe pioneering start-up whose software eliminates a myriad of international data privacy, management and cost concerns for multinational companies, has raised $ 1.2 million (£ 920,000) from angelic investors.

WCKD RZR is an innovative “Data Enablement” software company founded by former Chief Administration Officer of HSBC, Chuck Teixeira.

Teixeira’s London-based firm is solving a painful data problem for global businesses today, which the Canadian founder faced when he was HSBC’s Head of Transformation for Global Banking and Markets.

After a global research, Teixeira found that there was no automation tool that would allow a multinational bank, for example, to use machine learning to catalog their cloud-based data while ensuring compliance with all regulatory requirements. and access controls.

Enterprises often face a variety of problems caused by conflicting data governance policies and authorization controls in different locations and jurisdictions. If a company wants to fix its messy data assets by moving to a single cloud or database management system, it usually costs millions of dollars to do so. So the data is often not labeled or cannot be found and is subject to different regulations.

WCKD RZR’s Data Enablement software, Data Watchdog, unlocks the data potential of a multinational by enabling them to find, govern and access their data in every country, in real time, in full compliance with relevant data sharing regulations, privacy and governance.

Chuck Teixeira, founder and CEO of WCKD RZR, said:

“Our mission is to enable large organizations to access all of their data around the world wherever and whenever they want, while fully respecting the mountains of conflicting global rules.

“The WCKD RZR Data Watchdog software is a true data enablement. It enables multinational organizations with disparate and disordered data properties to instantly unlock the potential of their data, without having to wait for large and expensive data transformation programs that cost them tens of millions of dollars and many years. “

The software easily installs into an organization’s network allowing data to stay where it was and starts running in minutes. Group and map all of the company’s databases, with proprietary machine learning technology that automatically labels the data so it can be easily accessed.
Prior to HSBC, Teixeira held several high profile banking roles. He was Global COO of the Client Capital Management Division at Barclays and CAO for Equities EMEA at Nomura.

He added:

“We have built a talented team, many of whom have a background in financial services and fully understand the intricacies of financial regulation.”

WCKD RZR was shortlisted for FinTech Startup of the Year at the FSTech Awards.

The Angels Investment Round will fund key hires and expansions.

END

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WCKD RZR Secures Pre-Seed Investment of £ 920,000 From Angelic Investors – UK Technology Investment News

Source link WCKD RZR Secures Pre-Seed Investment of £ 920,000 From Angelic Investors – UK Technology Investment News

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