Blockchain Intelligence Group And Securrency Announce Partnership To Improve Transparency And Legitimacy Of Blockchain Transactions
Vancouver, Canada – BIG Blockchain Intelligence Group Inc. (CSE:BIGG) (OTC:BBKCF) (WKN:A2JSKG) (“BIG” or the “Company”), a developer of Blockchain technology search and data analytics solutions, is pleased to announce its partnership with Securrency, Inc. The partnership adds BIG’s proprietary cryptocurrency verification product, BitRank Verified TM, to Securrency’s combined FinTech/RegTech platform and will increase the transparency and legitimacy of transactions of securitized digital assets on the platform.
While blockchain and distributed ledger technology provide the opportunity for more accurate and transparent data, few analytics platforms and tools exist that make searching and parsing smart contract and transactional data simple. BIG Blockchain Intelligence Group Inc. has created a proprietary cryptocurrency verification product, BitRank Verified TM, that delivers transparency regarding the legitimacy of blockchain transactions, indicating whether transactions or accounts are involved or implicated in criminal activities such as money-laundering. Securrency’s first-in-class FinTech/RegTech platform automatically ensures only eligible users are able to participate in tokenized offerings or ICOs with a suite of built-in legal and regulatory tools to help streamline KYC and AML compliance. The BitRank Verified TM software combined with the power of Securrency’s platform provides the capability for financial institutions and businesses to mitigate the risks of adopting and using cryptocurrencies.
“Securrency is looking to legitimize crypto and digital finance, providing a trusted, secure platform for tokenized securities, equities, and other traditional assets. A critical piece of that is identifying and protecting against accepting investment from funds and wallets used in criminal activities,” says Dan Doney, CEO of Securrency. “Securrency is not alone in looking to establish a pure network of good actors that can be verified and trusted — those that made their money through ill-gotten gains are not welcome.”
“We built BitRank Verified to be the standard in ranking and verifying cryptocurrency transactions,” said BIG CEO, Lance Morginn, “that’s why we’re excited to sign this revenue-driving Channel Partner agreement with Securrency and have our technology embedded inside their ground-breaking platform. Best of all, the agreement is mutually beneficial in nature, since each company’s activities will open opportunities in global markets where cryptocurrency technology adoption is growing rapidly.”
The collaboration allows Securrency and its users to assess risk for the money coming into the ecosystem, performing complete background checks on wallets, and flagged wallets with nefarious involvement such as money-laundering or human trafficking. BitRank VerifiedTM compiles and researches blockchain transactional data to find irregularities and can identify relationships between wallets based on source of funds and other factors. Providing wallet checks also satisfy certain traditional financial service regulations that require proof of the source of funds before a transaction can be made.
Securrency recently also partnered with ID DataWeb, a leader in digital identity services, and the London Football Exchange, which will create a cryptocurrency to reward loyal fans with exclusive membership benefits and services. For more information on Securrency, visit their website at www.securrency.com.
About Securrency, Inc.
Securrency is a combined FinTech/RegTech platform that enables the free trading of previously illiquid asset classes. Securrency makes financial services more secure, transparent, efficient, and accessible by integrating legacy financial services with recent advances in distributed ledger technologies, payment gateways, and security frameworks. Securrency’s innovation blends the benefits of securities with the revolutionary characteristics of digital currencies to create a new financial instrument that is part currency, part bond, part exchange traded fund share. The result is a Securrency: an instrument that makes value more transferable, stable, and liquid than anything before. Incorporated in 2015, Securrency offers a secure, scalable FinTech platform for listing securities via Initial Token Offerings (ITOs) while providing global KYC (Know Your Customer) and jurisdictional compliance for access to investors.
About BitRank Verified®
BIG developed BitRank Verified TM to offer the financial world a simplified front-end results page, enabling consumer-facing bank tellers, exchanges, eCommerce sites and retailers to know whether a proposed transaction is safe to accept, questionable, or should be denied. BitRank Verified TM is custom tailored to provide the RegTech sector with a reliable tool for meeting their regulatory requirements while mitigating exposure to risk of money laundering or other criminal activities. BIG’s goals are to bring trust to this new era of money while creating a clearer path to mainstream acceptance and usage of cryptocurrencies by bridging the gap between users and global standards set by regulators.
On behalf of the Board,
Lance Morginn
CEO, Director & Co-founder
About BIG Blockchain Intelligence Group Inc.:
BIG Blockchain Intelligence Group Inc. (“BIG”), has developed from the ground up a Blockchain agnostic search and analytics engine allowing RegTech, Law Enforcement & Government Agencies to trace, track and monitor cryptocurrency transactions at a forensic level. Our commercial product, BitRank Verified TM, offers a “risk score” for bitcoin wallets allowing banks, exchanges and eCommerce sites to meet traditional regulatory/compliance requirements.
For more information and to register to BIG’s mailing list, please visit our website at www.blockchaingroup.io. Follow @blocksearch on Twitter. Or visit SEDAR at www.sedar.com.
Forward-Looking Statements:
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. Many of these risks and uncertainties are beyond the control of the Company, including but not limited to, the future business operations of BIG. Important factors that could cause actual results to differ materially from BIG’s expectations include, consumer sentiment towards BIG’s products and Blockchain technology generally, technology failures, competition, and failure of counterparties to perform their contractual obligations. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in the news release are made as of the date of this news release, and the Company does not undertake any obligations to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.
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