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.