traceto.io, a subsidiary of RegTech 100 company Cynopsis Solutions, has formed a strategic partnership with Global Brain Blockchain Labs (GBBL).
GBBL is the bloackchain arm of Global Brain, a Japanese venture capital based in Tokyo, Singapore, Seoul and San Francisco.
traceto.io is a decentralised Know Your Customer (KYC) network that seeks to bridge the regulatory and compliance gap between the real and virtual worlds. It is looking to develop a network based on its extensive KYC framework that will ‘satisfy real-world regulations’. It will also provide an ongoing due diligence process that is demonstrable to regulators and fuse smart contracts with A.I. to promote regulatory inclusion.
The company said it plans to leverage GBBL’s experience and extensive network of partner corporations to continue to build a seamless KYC experience, which is critical for companies to maintain the highest standards of KYC process and regulatory compliance.
Chye Kit, founder and CEO of traceto.io, said: “It is a great honour for traceto.io to partner with Global Brain Blockchain Labs, a top notch and well-respected brand in the startup space. We hope that with this strategic partnership, traceto.io will be able to penetrate many exciting markets and grow our market share in the niche area of decentralised KYC for the long term.”
In May, traceto.io partnered with a number of ICO incubators. Having already joined with Hashed and Signum Capital, traceto.io has now partnered with One Block Capital, Coinstreet Partners and Synco to feed new projects Into its decentralised KYC compliance network.
traceto.io also recently added John Ng from Signum Capital to its advisory board team.
Last year, Cynopsis Solutions was hand-picked by a panel of industry experts for the RegTech 100, a list of companies that every financial institution should know about in 2018. The RegTech 100 is part of the Global RegTech review – an essential, in-depth analysis of the global RegTech market.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
