Blockchain: kompany announces it is moving information on 100 million companies onto the blockchain for KYC/KYB

20/05/2016

At today’s 2016 joint conference of the European Commerce Registers’ Forum (ECRF) and Corporate Registers’ Forum (CRF) in Cardiff, UK, kompany.com announces its development to provide electronic ledgers of original and authoritative company information.

By applying a hybrid blockchain to continuously monitor and note changes of official company information (e.g. company filings, changes in directors, etc.), kompany.com can provide the ultimate source of actual and historical, fully auditable and valid company vitals and filings. The company blockchain also offers a one-stop-shop access to retrieve all available information and official documents on a specific company and its officers, including the identification and visualization of interconnections with other companies and beneficial owners worldwide. Moreover, it enables a search for companies based on all current and future identifiers (e.g. commercial register number, LEI, EUID, REID, DUNS®, Bloomberg Global ID/FIGI, Thomson Reuters PermID, EIN, VAT numbers), thereby harmonizing today’s global company information infrastructure.

In a networked and global marketplace compliance and risk management is increasingly crucial. The growth of KYC / KYB (know-your-customer /-business), AML (anti-money-laundering), and EDD (enhanced due diligence) requirements is driven both by regulatory changes and the commercial need to avoid business disruptions. kompany already today supports the financial industry, large corporates and various ERP / CRM platforms and market places to automate their KYC / KYB processes for client onboarding and monitoring, resulting in significant time and cost savings.

http://www.kompany.com

Pour lire tous les articles Finyear dédiés Blockchain rendez-vous sur www.finyear.com/search/Blockchain/

Participez aux prochaines conférences Blockchain éditées par Finyear :
Blockchain Vision #4 + Blockchain Pitch Day #1 (7 juin 2016)
Blockchain Hackathon #1 (octobre 2016)

Finyear est partenaire média de France Blocktech, l’association française de l’écosystème blockchain.

Les médias du groupe Finyear

Lisez gratuitement :

Le quotidien Finyear :
– Finyear Quotidien

La newsletter quotidienne :
– Finyear Newsletter
Recevez chaque matin par mail la newsletter Finyear, une sélection quotidienne des meilleures infos et expertises en Finance innovation, Blockchain révolution & Digital transformation.

Les 6 lettres mensuelles digitales :
– Le Directeur Financier
– Le Trésorier
– Le Credit Manager
– The Chief FinTech Officer
– The Chief Blockchain Officer
– The Chief Digital Officer