BlockCerts Patented KYC Blockchain Authentication adds Sanctions/AML screening powered by Refinitiv’s World-Check Offering. BlockCerts Integrates World-Check’s Best-in-Class Sanctions/AML Check for its Clients.
Vancouver, 10-7-2019 — By integrating the most widely used premier risk intelligence tool available with the next-generation patented blockchain KYC authentication service, it’s big news for Fintech, banks and businesses.
The new integrated solution provides BlockCerts 3-Step KYC: upload a driver’s license, upload a selfie, instant system facial recognition check, and upload another form of ID. Now Refinitiv’s World-Check data will enable an exhaustive Sanctions/AML before check with results instantly to provide a complete picture and to minimize risks for businesses.
World-Check Risk Intelligence is used by over 7,000 clients globally and by 50 of the largest banks. IDCERTin KYC authentication is in critical demand across multiple industries and governments. The growth of this market is being driven by GDPR and global regulatory mandates, as well as the growing social concern at large for privacy and security of data and identity.
“Our goal is to provide the most accurate and reliable information to help clients make informed risk-decisions through our World-Check offering. The BlockCerts IDCERTin integration adds another dimension for our service with real-time information through their leading-edge KYC blockchain technology,” said Edmond Tasellari, Refinitiv.
Now a ubiquitous part of the financial and regulatory schema, KYC & AML are mandates globally for onboarding, monitoring and compliance. The demands by governments and regulators on financial transactions, especially with the rapid growth of on-line digital transactions, create mandates that go beyond an initial KYC, updated infrequently. With the continued growth of the digital marketplace, businesses need greater risk protection, automation and real-time information to make better informed decisions, the World-Check solution, powered by BlockCerts Blockchain, provides the optimal solution.
“Digital finance monitoring is essential as the transaction speed and movement of digital assets is increasing at lightning speed. We’re enthused about our Refinitiv joint relationship and becoming part of the fabric of the joint offering to both the World-Check clients as well our BlockCerts clients. This new layer of combined risk protection sets a new bar for real-time authentication and risk assessment,” said Tim Vasko, Founder and CEO of BlockCerts Blockchain.
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BlockCerts Blockchain is transforming businesses through cost compression technology and future-proofing businesses by creating secured trust, truth and transparency through its patented KYC authentication, Smart Contract as a Service and a suite of solutions riding on its ‘next generation’ distributed ledger technology.
Contact: Dan Gay: dan@blockcerts.com
Chief Marketing Officer: 720-306-0561
Refinitiv World-Check protects your business from financial crime and reduces risk by fulfilling your KYC due diligence screening obligations with accurate and structured information, now on the blockchain. World-Check Risk Intelligence is used and trusted by the world’s biggest companies.
Contact: Edmond Tasellari: edmond.tasellari@refinitiv.com
Risk Specialist