Blockchain is the future of finance. Finance is the future of everything. To solve the problem of blockchain, you have to solve the problem of finance.
To create a safer blockchain economy, TESOBE, the company behind the Open Bank Project, has partnered with regtech and blockchain analytics company Coinfirm.
Through advanced blockchain compliance solutions, the two companies strive to bridge Open Banking practices with the crypto economy.
TradFi institutions and the rapidly growing fintech ecosystem have benefited from the EU’s Payment Services Directive Two (PSD2). As blockchain continues to incorporate a broader range of financial services offering that complements and advances upon current market solutions, Coinfirm considers Open Banking to be a key crossroads for multiple sectors to integrate to increase customer efficiency.
With the Open Bank Project, financial institutions have been able to leverage open APIs to comply with regulation and become digital leaders. Bringing blockchain capabilities to traditional finance, this partnership fills gaps in existing AML programs.
By TESOBE’s obliged entities’ network can follow global crypto AML guidelines, the EU’s 6AMLD, and other supernational and national regulations by using Coinfirm’s AML/CFT analytics.
Via this site.
Author
Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
