Sign up for The Paypers newsletter Follow The Paypers on LinkedIn Follow The Paypers on Twitter Follow The Paypers on Facebook
The Paypers, paypers, Insight in payments, News, Reports, Events
 advertisement
Digital Identity, Security & Online Fraud

Cambridge Blockchain inks KYC partnership with IHS Markit

Thursday 1 February 2018 | 09:38 AM CET

Cambridge Blockchain, a blockchain based identity startup, has teamed up with IHS Markit to assist the data analysis company’s anti-money laundering and know-your-customer procedures.

As part of the deal, the technology developed by the startup will be bridged with IHS Markit's KYC.com platform. Thus, the two companies will effectively apply distributed system concepts to the compliance issues tied to know-your-customer information (KYC), which banks must collect in accordance with money-laundering regulation.

The announcement also comes just under a year after Cambridge Blockchain completed a USD 2 million funding round, with backing coming from venture capital companies Partech Ventures and Digital Currency Group, according to CoinDesk.

More: Link
 advertisement
 advertisement
 advertisement
 advertisement