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iComply Attracts Top Canadian RegTech Executive Paul Childerhose

iComply Attracts Top Canadian RegTech Executive Paul Childerhose

by | Sep 15, 2021 | Advisory Council, Blog, In The News, News & Events, Updates

iComply Attracts Top Canadian RegTech Executive Paul Childerhose

Canadian regtech expert Paul Childerhose will serve as a member of iComply Investor Services’ advisory board

Vancouver, B.C. – September 15, 2020 – iComply Investor Services (“iComply”), a global compliance software provider, is announcing that Paul Childerhose, a recognized leader in the Canadian RegTech industry, has been appointed to iComply’s advisory board.

Childerhose has over 20 years of experience in the Canadian financial services sector and serves on the board of the Canadian Regulatory Technology Association (CRTA). He has deep expertise in back-office operations, new product development, client and account management, and regulatory compliance. Previously, he also held senior roles at Royal Bank of Canada, Star Data Systems, CGI Inc., and Scotiabank.

“The iComplyKYC solution is far superior to what I have observed in the current enterprise-wide anti-money laundering programs of large global banks,” said Childerhose. “The core features and controls that have been incorporated into the platform can enhance the current client onboarding and KYC experiences for many institutions.”

iCompyKYC uses edge computing for identity verification, which protects the users’ biometric data by allowing the verification to take place on the user’s device. This means that personal data is authenticated, and encrypted before any of that data leaves the user’s device.

“Edge computing offers a unique approach that drastically improves data privacy and security, and significantly reduces the total cost of KYC and AML operations,” said Matthew Unger, CEO of iComply, “Making user privacy and consent core to client onboarding has been an incredibly complex challenge for the industry. It was important to us to focus on solving this problem, and in doing so we have unlocked new levels of data protection and privacy for our clients.”

The iComplyKYC platform is currently being used by Canadian law enforcement, credit unions, legal, M&A, and accounting firms, and fintech businesses globally. It combines secure KYC onboarding portals with enterprise-level controls for AML risk screening and data management to provide a complete, all-in-one solution spanning know your customer, anti-money laundering, digital identity, and access management.

 

 

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About iComply Investor Services Inc.
iComply Investor Services Inc. (“iComply”) is a global compliance software provider that helps compliance teams reduce the cost and complexity of KYC and AML operations while providing a seamless user experience to their KYC subjects. Compliance teams can configure and monitor KYC portals to securely gather, validate, and encrypt client data and documentation before it leaves their device. Learn more: www.icomplyis.com

The Economist + iComply: Banking on Blockchain

The Economist + iComply: Banking on Blockchain

by | Oct 28, 2019 | Blog, iComply Insights, In The News, News & Events

The Economist + iComply: Banking on Blockchain

As Seen In: The Economist and iComply – Banking on Blockchain

This September, iComply Investor Services partnered with The Economist on their Future Banking and Payments series to publish our “Banking on Blockchain” article covering the latest industry data regarding tokenization and blockchain technologies, and dispelling the broad misconceptions that people hold about this emerging digital market.

As the world of finance becomes increasingly automated, institutions will be required to maintain stricter regulations on how their digital systems handle customer data, financial models, and compliance reporting.

Using a blockchain, companies can open the door to comprehensive, intuitive business practices–spending 80-95% less on administration to automatically manage clearing, transfers, settlements, and compliance, at 1/160th of the time it typically takes in the public markets.

Addressing some of the key falsehoods about tokenization, iComply dives deep into proven industry insights regarding how tokenization is helping businesses save time, effort, and money on their compliance. 

To read the full article at The Economist, click here.

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 “Most Forward-Thinking Work Being Done” Related to Blockchain Settlement

iComply “Most Forward-Thinking Work Being Done” Related to Blockchain Settlement

by | Oct 15, 2018 | Blog, In The News, News & Events, Press Releases

Chicago, Il. — FIA announced that iComply Investor Services Inc. (“iComply”) is one of 15 companies chosen to exhibit in the Innovators Pavilion at the 34th Annual FIA Expo in Chicago October 16 – 18. Innovators Pavilion showcases startup companies providing forward-thinking solutions for the futures, options and cleared swaps industry.

iComply was chosen from a competitive pool of applicants to showcase its offerings to more than 4,500 attendees at the largest gathering of derivatives industry professionals in the world. The Innovators Pavilion provides each FIA Innovator with a Tech Pod on the Expo show floor that can be used to display its services. iComply will also be featured in the official conference guide, the FIA’s service provider directory, and the event app. In addition, five FIA Innovators will be chosen to take part in a Meet the Innovators competition in which each company will have five minutes to pitch its services to Expo attendees. Following the competition, a panel of judges will select one company as the FIA Innovator of the Year and award that firm a prize of cash and other resources valued at more than $20,000.   

This year’s Innovators Pavilion is sponsored by Amazon Web Services and supported by several fintech organizations and angel investor groups, including Fintech Sandbox, FinTEx, Hyde Park Angels, Rise New York and Seismic Foundry.

“I’m proud to announce that iComply was chosen to be featured in the 2018 class of FIA Innovators,” said Matt Haraburda of XR Trading, chairman of the Innovators Pavilion selection committee and executive committee member of the FIA Principal Traders Group (FIA PTG). “iComply…represents some of the most progressive and forward-thinking work being done in fintech related to cleared derivatives. I’m looking forward to seeing their work showcased at Expo.”

With more than 4,500 people attending each year, the FIA Expo is the largest gathering of derivatives industry professionals in the world. Attendees include senior executives from brokerage firms, exchanges, trading firms, and service providers, and the exhibit hall typically attracts more than a hundred firms as exhibitors.

iComply and other Innovators were selected on the basis of applications that were submitted and reviewed by a committee of industry experts assembled by FIA.  

View the full list of FIA Innovators here.  

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About FIA
FIA is the leading global trade organization for the futures, options and centrally cleared derivatives markets, with offices in London, Singapore and Washington, D.C. FIA’s membership includes clearing firms, exchanges, clearinghouses, trading firms and commodities specialists from more than 48 countries as well as technology vendors, lawyers and other professionals serving the industry. FIA’s mission is to support open, transparent and competitive markets, protect and enhance the integrity of the financial system, and promote high standards of professional conduct. As the principal members of derivatives clearinghouses worldwide, FIA’s member firms play a critical role in the reduction of systemic risk in global financial markets.

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 Importance of KYC Compliance for Fintechs
The Importance of KYC Compliance for Fintechs

Nov 1, 2024

The Importance of KYC Compliance for Fintechs Know Your Customer (KYC) compliance is crucial for fintech companies to verify the identities of their customers, mitigate risks, and adhere to regulatory requirements. This article...

iComply Wins Top Enterprise Blockchain Solution

iComply Wins Top Enterprise Blockchain Solution

by | May 29, 2018 | In The News

iComply Wins Top Enterprise Blockchain Solution

May 29, 2018

Vienna, Austria – iComply Investor Services (iComply), a Canadian RegTech company offering powerful data, verification, and tokenization solutions for multi-jurisdictional digital finance, is announcing that the company was named the top blockchain solution at GovTech.Pioneers.

GovTech.Pioneers is Europe’s leading event for politicians, public CIOs and other leaders of the $400 billion GovTech market. Of the over 350 startups from 65 countries and four continents that entered the competition, iComply was named the top blockchain solution.

“We are excited to receive this recognition from GovTech.Pioneers, it has helped us engage leading European states to demonstrate how decentralization can enable a more efficient market with higher standards of investor protection – even compared to traditional capital markets. The cryptocurrency, security token, and traditional global capital markets have become rife with scams and misinformation, our solutions are built to help regulators and investors separate the good from the rest.” said Matthew Unger, CEO of iComply Investor Services.

iComply’s first product, Prefacto™ enables companies to apply real-time compliance and governance to the secondary trading of tokens on open public ledgers such as Ethereum.

“With Prefacto™, non-compliant trades can be denied or escalated to the issuer’s compliance team for manual review. This helps issuers make sound decisions based on quantified AML, risk, compliance, and governance standards. Once a trade is approved or rejected the issuer can be completely transparent with their regulator using the Compliance Ledger™,” added Unger.

The company offers a broad enterprise suite of compliance solutions for digital finance and is focused on bridging the gap between traditional finance and cryptocurrency markets by improving record keeping, transparency, and reporting capabilities. The term “KYC” is not standardized among service providers and with some of the top fintech platforms on the market using solutions that can’t meet the requirements set by financial oversight agencies such as Fintrac, Fincen, European Commission or OFSE. 

Currently, iComply is the only compliance provider in the cryptocurrency market that offers both sanction limitations to token trading and comprehensive risk reporting on cryptocurrency wallets and source of funds.

iComply identified this gap as an opportunity to use blockchain technology to enhance the best practices of traditional sanction screening, anti-money laundering and anti-terrorist financing for the decentralized financial markets.

Since the company’s first product release was announced by Bloomberg Law in February, iComply was joined by senior compliance and regulatory officials to the team including Jeff Bandman and Manny Alicandro. 

Looking for financial grade KYC and AML in an enterprise ready API?

iComply offers global screening for humans, corporations, and blockchain transactions in a single REST API.

Book a demo with one of our specialists to learn more.

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

Benzinga – iComply A Top RegTech Solution

Benzinga – iComply A Top RegTech Solution

by | May 21, 2018 | In The News, Press Releases, Updates

Benzinga – iComply A Top RegTech Solution

iComply was named a top RegTech solution by Benzinga Global FinTech Awards. The award was announced on May 16 in New York City during the peak of the “NYC Blockchain Week”.

The Benzinga FinTech Awards celebrates leading innovations in Fintech and RegTech across the world. It recognizes winners in a variety of categories including “Best Alternative Investments Platform,” “Best Customer Engagement Tool,” “Best Insuretech Solution” and more.

“We are excited to receive this recognition from Benzinga as an industry leading RegTech company, beating much more established KYC providers such as Jumio, BigID, and Trulioo. While these companies have been in the market much longer, our iComplyKYC product is focused directly on the specific risks associated with cryptocurrency transactions. In only a few short months since our product release, iComplyKYC is recognized as the industry best practice for cryptocurrency exchanges, token launch platforms, and leading securities law firms and risk advisors around the world.” said Matthew Unger, CEO of iComply Investor Services.

At present, iComplyKYC is available as a private white label solution and is currently being used by a number of FinTech platforms, initial coin offerings, licensed Canadian and U.S.broker-dealer and portfolio management firms, cryptocurrency exchanges, and capital markets advisory firms. The company is continuously enhancing the solution with additional layers of verification being released, including:

  • Accredited Investor Verification
  • Global Business Verification
  • Legal Entity Identification
  • Anti-Money Laundering
  • Sanctions & Watchlist Screening
  • Machine Vision Liveness Detection
  • Cryptocurrency Wallet Risk Monitoring
  • Blockchain Forensics
  • Credit Bureau Verification
  • Wallet Ownership Verification.

We see the iComplyKYC product as critical infrastructure to enable institutional investment to access digital finance.

“When we entered the market with our first product – a regulatory service for blockchains that uses Prefacto technology to apply real-time compliance and governance procedures for the offering and secondary trading of tokenized assets – we discovered that many of the KYC and digital identity providers were too expensive and most are barely more than a camera phone app with a dashboard on the back end. Right now, if an token issuer or cryptocurrency exchange were to be audited by Fintrac, Fincen, European Commission or OFSE they would have a harsh awakening when they realize that the term “KYC” is not standardized across the industry – many of the largest providers do no OFAC screening, most only call a single national PEP list for the USA, and none offer comprehensive risk reporting on cryptocurrency wallets or source of funds. We saw this gap as an opportunity to apply the best practices of traditional sanction screening, anti money laundering and anti-terrorist financing to the decentralized financial markets,” added Unger.

The team at iComply is pleased to receive this recognition and looks forward to continued success as we continue to grow our team, product and customer base.

Looking for an end-to-end token management studio?

iComply’s token compliance platform, Prefacto enables issuers to capture the value of blockchain asset management with multi-jurisdictional compliance automation for over 150 countries.

Book a demo with one of our specialists to learn more.

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

Regtech Platform Launches For Tokenized Securities: ‘Mission To Build A Better Capital Market’

Regtech Platform Launches For Tokenized Securities: ‘Mission To Build A Better Capital Market’

by | Mar 21, 2018 | In The News

Regtech Platform Launches For Tokenized Securities: ‘Mission To Build A Better Capital Market’

In a recent article published in Benzinga, iComply Investor Services announced the launch of its alpha product and the addition of Manny Alicandro, formerly COO at NASDAQ, to its team of advisors. Hailed as “groundbreaking” for the market, iComply Investor Services offers compliance for both issuers and investors alike.

Regtech Platform Launches For Blockchain: ‘We Are On A Mission To Build A Better Capital Market’

Author: Javier Hasse

Initial coin offerings are hotter than ever. But with more than 300 ICOs filed so far this year, and more than 1,500 in 2017, it can be difficult for investors to tell the good ones from the bad ones. 

A number of platforms and regulatory experts are trying to assist inventors in fleshing out strong crypto opportunities…Read the full article here.

Looking for an end-to-end token management studio?

iComply’s token compliance platform, Prefacto enables issuers to capture the value of blockchain asset management with multi-jurisdictional compliance automation for over 150 countries.

Book a demo with one of our specialists to learn more.

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