Zikher

Ultra-secure and intelligent cloud for Financial Industry
  • Industry: Enterprise Applications
  • Founder: Amir Khan
  • Website: https://zikher.com/
  • Linkedin: https://www.linkedin.com/company/6426731
  • Facebook: https://www.facebook.com/Zikher
  • Twitter: https://twitter.com/Zikherinc
  • Location: San Francisco, California
  • Size: 1-10 employees
  • Overview: Zikher’s platform help small banks to streamline the loan, mortgage and account opening process to increase efficiency by cutting the time needed to process the application to one-fourth. Zikher’s proprietary analytics algorithms will help the institution with up-selling and cross-selling to their customer with “one click”, hence increasing bank’s assets and profits. Zikher will provide a high comparative advantage to credit unions, community and regional banks in US and Canada. The market size includes: • 6,818 Credit unions with the average of $2billion in assets per CU • 6,246 Community banks with the average of $6.5billion in assets per bank • 60 Regional Banks with the average of $30billion in assets per bank Banks spend about 30% of their total IT budget per year on Private Cloud and Market Analytics. This means banks have spent $19.44billion in Zikher’s market this year in the US alone and it is estimated by Celent, a prestigious financial research company, to increase by 5 percent every year.

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