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Fireside Chat: Is Retail Wealth Management Ready for Virtual Assets?

Fireside Chat: Is Retail Wealth Management Ready for Virtual Assets?

by | Aug 24, 2020 | Blog, Crypto, Events, iComply Insights

Fireside Chat: Is Retail Wealth Management Ready for Virtual Assets?

Date: Thursday, September 10, 2020 | 10am PST – 1pm EST – 7pm CET

 

While interest in virtual assets from retail investors is surging worldwide, there is still a very limited number of wealth managers who meet the requirements to be able to advise their clients on investments in virtual assets.

Due to regulatory uncertainty and the emerging nature of the virtual asset industry, many wealth managers lack reputable information needed in order to be capable of advising their clients.

Join us for our latest fireside chat “Is Retail Wealth Management Ready for Virtual Assets?” featuring industry experts and thought leaders. In this session, we will cover:

  • What impacts will virtual assets have on the principles of wealth management?
  • What are the risks of making virtual assets available at the retail level?
  • How are regulators in different jurisdictions helping to unlock access to virtual assets for retail investors?
  • How does custody, private key management, and the FATF travel rule impact wealth managers?
  • How are different jurisdictions approaching custody, wallet ownership, and the travel rule?

Join us for this free Fireside Chat on September 10th at 10am PST / 1pm EST featuring a live panel of trusted experts from around the globe. 

Register today!
About iComply
iComply Investor Services Inc. (“iComply”) is a Regtech company that provides fully-digital KYC and AML compliance solutions for non-face-to-face financial and legal interactions. iComply enables financial services providers to reduce costs, risk, and complexity and improve staff capacity, effectiveness, and customer experience. By partnering with multinational technology vendors such as Microsoft, DocuSign, Thomson Reuters and Refinitiv, iComply is bringing compliance teams into the digital age. Learn more: www.icomplyis.com

 

iComply Now Listed in the FINRA Compliance Vendor Directory

iComply Now Listed in the FINRA Compliance Vendor Directory

by | Jul 28, 2020 | AML - Anti-Money Laundering, Asset Managers, Blog, In The News, Industries, KYB - Know Your Business, KYC - Know Your Customer, Press Releases, Solutions

Vancouver, B.C. – July 28, 2020 – iComply Investor Services (“iComply”), a leading regtech software provider, is pleased to announce its listing in the Financial Industry Regulatory Authority (FINRA) Compliance Vendor Directory, which features vendors offering products, solutions, and services to firms overseen by the US regulator. 

“iComply is dedicated to making the financial markets more robust, secure, and efficient,” said Matthew Unger, CEO and Founder of iComply Investor Services. “This listing in the FINRA Compliance Vendor Directory is an exciting moment in the company’s history as we continue to expand our client base and work with US firms to digitize their back office.”

iComply’s compliance management solutions offer institutional-grade identification and risk mitigation tools that support the complete AML compliance lifecycle for clients in industries ranging from professional services to online banking, capital markets, payment processing, trading platforms, virtual assets, as well as government and enterprise.

FINRA is an independent, government-authorized, not-for-profit organization that oversees U.S. broker-dealers. FINRA works under the supervision of the Securities and Exchange Commission (SEC) and writes and enforces rules, examines firms for compliance, fosters market transparency, and educates investors.

The Compliance Vendor Directory features companies specializing in: compliance consulting, cybersecurity, data management, information archiving, exam prep & firm CE, insurance brokers, monitoring & surveillance, PCAOB registered accountants, and registration services.

About iComply Investor Services Inc.
iComply Investor Services Inc. (“iComply”) is a Regtech company that provides fully-digital KYC and AML compliance solutions for non-face-to-face financial and legal interactions. iComply enables financial services providers to reduce costs, risk, and complexity and improve staff capacity, effectiveness, and customer experience. By partnering with multinational technology vendors such as Microsoft, DocuSign, Thomson Reuters, and Refinitiv, iComply is bringing compliance teams into the digital age. Learn more: www.icomplyis.com

The Future of Identity Verification in Fintech
The Future of Identity Verification in Fintech

Nov 12, 2024

Identity verification is a cornerstone of the fintech industry, crucial for ensuring security, compliance, and trust in digital financial services. As the fintech landscape evolves, so do the methods and technologies used for...

Fireside Chat: DAOs and Decentralized Governance

Fireside Chat: DAOs and Decentralized Governance

by | Jul 20, 2020 | Blog, Events, iComply Insights, Web3

Fireside Chat: DAOs and Decentralized Governance

How Decentralized Autonomous Organizations are Transforming Virtual Assets

Date: Thursday, July 30, 2020 | 10am PST – 1pm EST – 7pm CET

 

The history of DAOs is a short but interesting one. While the very first DAO was officially launched in 2014, the most famous example–The DAO–launched on the Ethereum blockchain in 2016 and raised more than USD $150M over a period of several weeks. Unfortunately, The DAO was exploited by a hacker and was drained of over $70M. Ultimately, the hack resulted in a hard fork of the Ethereum blockchain, returning the funds to the project’s creators.

While DAOs have marked a place in blockchain history, they are often misunderstood. Firstly, the term “DAO” means different things to different people and secondly, many open-ended questions typically come up in conversations about DAOs:

  • What is a DAO?
  • What makes a DAO autonomous in the first place?
  • How do autonomous corporations practice truly decentralized governance today?
  • Can I use a DAO to protect my company’s virtual assets?
  • What makes a DAO a powerful tool in the virtual assets industry?

In a short period of time, the virtual asset marketplace has already gone through several waves of innovation—from initial coin offerings to security token offerings and decentralized finance.

Many experts and industry leaders have touted DAOs as the next major application of blockchain technology that will support virtual assets in the years to come.

Join us for our latest live fireside chat “DAOs and Decentralized Governance: How Autonomous Organizations are Transforming Virtual Assets” along with industry experts and thought leaders to discuss:

  • What a DAO is, and how it functions in today’s global marketplace
  • Key characteristics of DAOs and the pros/cons of each
  • How virtual assets are being created and supported by DAOs
  • Compliance considerations for creating and belonging to a DAO (reducing fraud and misuse of funds)
  • Examples of DAOs in the marketplace (digital co-ops, guilds, mutuals, etc.)


We invite you to join us for this Fireside Chat on July 30th featuring an exciting lineup of panelists to learn more about DAOs and the role of decentralized governance.

Register today!

About iComply
iComply Investor Services Inc. (“iComply”) is a Regtech company that provides fully-digital KYC and AML compliance solutions for non-face-to-face financial and legal interactions. iComply enables financial services providers to reduce costs, risk, and complexity and improve staff capacity, effectiveness, and customer experience. By partnering with multinational technology vendors such as Microsoft, DocuSign, Thomson Reuters and Refinitiv, iComply is bringing compliance teams into the digital age. Learn more: www.icomplyis.com

 

iComply and Quantoz to Power Stablecoin Blockchain Applications for Financial Service Providers

iComply and Quantoz to Power Stablecoin Blockchain Applications for Financial Service Providers

by | Apr 20, 2020 | Blog, Press Releases, Web3

iComply and Quantoz to Power Stablecoin Blockchain Applications for Financial Service Providers

Partnership enables organisations to launch compliant business processes on public blockchains without the need for technical knowledge of digital wallets or blockchain technology

Vancouver, B.C., and Utrecht, NL – April 20, 2020 – iComply Investor Services (“iComply”), a regtech leader in compliance for financial services providers, and Quantoz N.V., the provider of NEXUS, a SaaS platform that enables compliant fiat-to-virtual asset transfers, are announcing their shared solution to address the technical and compliance challenges that regulated firms face when using public blockchains.

Stablecoins – digital assets that are secured by real-world assets such as fiat currency – are being explored by central banks in Canada, the United Kingdom, and the European Union as one of the most promising applications for blockchain technology in finance. Compared to physical currency, stablecoins provide lower operating costs, increased transparency, and real-time reconciliation capabilities as a new form of contactless cash.

While hundreds of new ventures have launched blockchain solutions, most struggle with maintaining their accounting, reporting, and compliance to an institutional standard. This results in many innovative projects failing, due in large part to their failure to meet regulatory requirements.

Henri de Jong, Co-founder and Chief Business Development Officer of Quantoz, said: “Companies operating in the blockchain space, are increasingly subject to regulation. Cooperation with iComply helps our NEXUS customers to dynamically comply with regulatory rules and procedures across multiple jurisdictions.”

Integration of the NEXUS platform with iComply’s intelligent AML management solution will allow financial services providers to mitigate compliance risk while using public blockchains. This compliance-by-design methodology enables firms to identify risk, automate transaction monitoring, and scale back-office operations.

“In order to successfully manage a stablecoin, the issuer needs to manage complicated technical, regulatory, and compliance requirements,” said Matthew Unger, CEO of iComply. “By integrating NEXUS with iComply we can help private banks, corporations, and central banks to easily test and deploy digitally native assets.”

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About iComply Investor Services Inc.
iComply Investor Services Inc. (“iComply”) is a Regtech company that provides fully-digital KYC and AML compliance solutions for non face-to-face financial and legal interactions. iComply enables financial services providers to reduce costs, risk, and complexity and improve staff capacity, effectiveness, and customer experience. By partnering with multinational technology vendors such as Microsoft, DocuSign, Thomson Reuters and Refinitiv, iComply is bringing compliance teams into the digital age. Learn more: www.icomplyis.com

About Quantoz:
Quantoz enables its clients to easily integrate tokens into their business with NEXUS, a SaaS solution that connects traditional financial “fiat money” with public blockchains.

 

iComply Contact Info:
Matthew Unger, CEO [email protected]
Vancouver, Canada

Quantoz Contact Info:
Nick Haasnoot, CEO [email protected]
Utrecht, Netherlands

The Future of Identity Verification in Fintech
The Future of Identity Verification in Fintech

Nov 12, 2024

Identity verification is a cornerstone of the fintech industry, crucial for ensuring security, compliance, and trust in digital financial services. As the fintech landscape evolves, so do the methods and technologies used for...

Digital Securities: Benefits & Use Cases – Free Resource

Digital Securities: Benefits & Use Cases – Free Resource

by | Oct 18, 2019 | Blog, Crypto, iComply Insights, Industries, Prefacto, Web3

Digital Securities: Benefits & Use Cases – Free Resource

Blockchain technology is becoming ubiquitous in today’s world–including the world of traditional finance. Global personal wealth surpassed US$200 trillion in 2017, and it’s expected to grow by 7% (CAGR) every year until 2022.

In such a widening pool of available capital, the B2B finance and private markets are ripe for investors to capitalize on new opportunities and for financial institutions to leverage new innovations for wealth management. 

This September, iComply Investor Services Inc. released a new report, Tokenization: Benefits & Use Cases, a comprehensive overview of the Tokenization use cases that exist for digital asset in the traditional financial markets today.

From shareholder equity and corporate bonds to real estate and physical commodities, tokenization of traditional and complex investment products is already happening.

Covering such basics as “What is the legal status of a smart contract?” and “What is a token?”, this resource can help you gain a foundational understanding of this rapidly emerging trend in global private markets.

Blockchain technology is empowering the global financial markets to capitalize on digital investment opportunities–and can be harnessed in your own company.

Explore 6 Major Tokenization Case Studies
Get My Copy Now!

Learn how tokenization is being used today, and the potential benefits it can add to your company’s bottom line. You would not want to be without this resource on blockchain for regulated asset management.

Contact us at [email protected] and a member of our team will reach out to explain how tokenization can work for you.

Reach Out

iComply Investor Services (iComply) is an industry leading and award winning Regtech (regulatory technology) company specializing in compliance automation for digital finance. Our suite of enterprise solutions helps companies overcome the cost and complexity of multi-jurisdictional compliance to effectively access new markets and opportunities.

iComply to Power Global Compliance for Digital Assets on Hedera Hashgraph Public Distributed Ledger

iComply to Power Global Compliance for Digital Assets on Hedera Hashgraph Public Distributed Ledger

by | Feb 26, 2019 | Blog, In The News, Press Releases, Web3

Vancouver, B.C. – February 26, 2019 – iComply Investor Services (“iComply”), a regulatory technology firm offering software that automates global compliance requirements for digital assets, is announcing that it will be releasing integrations for Hedera Hashgraph, a public, distributed ledger platform.

This will include integrations for both iComply’s Prefacto trade management protocol and iComplyKYC product. These integrations will make it easy for developers to implement banking-grade governance, risk, and compliance programs globally. This will also enable financial institutions to adopt and benefit from decentralization.

“For Hedera developers, this means that investors, both corporations and individuals, can be quickly screened and onboarded,” said iComply CEO, Matthew Unger. “Further, globally compliant digital assets such as equity, debt, derivatives, or utility tokens can be created and issued in minutes and have their compliance automatically managed throughout the life of the asset.”

Hedera Hashgraph is a public distributed ledger for building decentralized applications that is recognized for being fast and secure.

“Hedera’s speed and security make it a powerful tool for use in global capital markets. Even with scaling layers, Ethereum’s current speed of 15 transactions per second cannot handle public market transaction volumes,” said Matthew Unger, CEO of iComply.

According to 2017 World Bank data, the U.S. capital markets alone perform 40 billion daily transactions, requiring over 230 billion compliance recordings each day.

Anyone issuing digital securities – including hedge funds, securities exchanges, and financial institutions – using Hedera Hashgraph and iComply will benefit from iComply’s banking-grade compliance, risk, and intelligence tools paired with Hedera’s security and speed.

“We are excited that iComply has chosen to integrate their services with Hedera and give our community access to banking-grade compliance, risk, and financial intelligence data,” said Jordan Fried, VP of Global Business Development at Hedera Hashgraph. “Further, this will allow us to better serve financial institutions, and enable a broader range of institutional grade applications to be built, to streamline and reduce operating costs in financial services.”

iComply’s award-winning products enable investor onboarding in seconds, while ensuring adherence to local regulatory standards with its robust, global KYC and BSA solution. Securities issuers, dealers, and fund managers can automatically populate, track, and account for every investor, document, and transaction for the life of a client, reducing human error and costs by up to 98%.

iComply is the trusted compliance partner for asset tokenization and securitization to 64 leading legal, accounting, and advisory firms spanning 84 countries.

“From an enterprise financial services perspective, Hedera Hashgraph and iComply are a powerful combination of high performance, secure, and autonomous record keeping and reporting for public markets,” added Unger. “As the race to institutionalize blockchain continues, this integration will enable iComply to meet the cybersecurity and performance demands of even the highest volume securities exchanges and tier-one financial institutions.”

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About iComply Investor Services Inc.
iComply Investor Services Inc. (iComply) is an award-winning software company focused on reducing regulatory friction in the capital markets. With powerful data, verification, tokenization solutions, iComply helps companies overcome the cost and complexity of multi-jurisdictional compliance to effectively access new markets. Learn more: iComplyIS.com

The Future of Identity Verification in Fintech
The Future of Identity Verification in Fintech

Nov 12, 2024

Identity verification is a cornerstone of the fintech industry, crucial for ensuring security, compliance, and trust in digital financial services. As the fintech landscape evolves, so do the methods and technologies used for...