Cambridge Blockchain inks KYC partnership with IHS Markit

Thursday 1 February 2018 09:38 CET | News

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 Markits 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.

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Keywords: KYC, AML, digital identity, onboarding, Cambridge Blockchain, IHS Markit, partnership, blockchain, DLT
Categories: Securing Transactions | Digital Identity, Security & Online Fraud
Countries: World
This article is part of category

Securing Transactions