BIG Blockchain Intelligence Group Signs Client, Reseller & Referral Agreements with KYC/AML/CTF Specialist, Data ZooAugust 2, 2018
BIG Blockchain Intelligence Group Inc. (“BIG”), a leading developer and provider of blockchain and cryptocurrency search, risk-scoring and data analytics tools and investigation services, has signed Client, Reseller and Referral Partner agreements with global data verification specialist, Data Zoo, related to BIG’s crypto wallet risk-scoring service BitRank VerifiedTM, blockchain forensic investigation platform QLUETM, and custom Forensic Services Division.
- Data Zoo provides Anti-Money Laundering (AML) & Counter Terrorist Financing (CTF) services to support its clients’ Know Your Customer (KYC) needs
- Data Zoo electronically verifies 3.5 billion people in the Asia Pacific (APAC) region
- 60% of the world’s population reside in APAC where 46% of payments are made online
VANCOUVER, BC – August 02, 2018 – BIG Blockchain Intelligence Group Inc. (“BIG” or “the Company”) (CSE: BIGG)(WKN: A2JSKG)(OTC: BBKCF), a leading developer and provider of blockchain and cryptocurrency search, risk-scoring and data analytics tools and investigation services, has signed a Client Agreement and a Reseller Agreement with global data verification specialist, Data Zoo, for the integration of BIG’s proprietary crypto wallet risk-scoring service, BitRank VerifiedTM, with Data Zoo’s services platform and/or their clients’ systems to support Know Your Customer (KYC) efforts, including identifying, mitigating and managing Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF) risks.
Under the Client Agreement and Reseller Agreement, BIG will be paid a fee for API queries on crypto wallets that utilize BIG’s BitRank VerifiedTM service.
BIG has also signed a Client Agreement and Referral Partner Agreement for Data Zoo to utilize BIG’s proprietary blockchain data investigation platform QLUETM and custom Forensic Services Division, and to act as a distributor of QLUETM and the Forensic Services Division to its clients. QLUETM (Qualitative Law Enforcement Unified Edge) enables law enforcement and financial institution investigators to quickly perform due diligence at a forensic level by visually identifying illicit actors and entities on the blockchain while exploring their transactional activities. BIG’s Forensic Services Division fills a significant gap in the efforts of law enforcement and the financial sector to investigate, track, and monitor criminal activity involving cryptocurrencies, such as Bitcoin, by bringing BIG’s team of investigative experts into action. Certain investigations require in-depth expertise and experience, which our Forensic Services Division provides, either in conjunction with or supplemental to BIG’s user-friendly search, risk-scoring and data analytics tools: BitRank VerifiedTM and QLUETM.
Under the Client Agreement and Referral Partner Agreement, BIG will be paid monthly licensing fees by all entities that access the QLUETM platform and will invoice Forensic Services Division clients on a pay-per-use basis.
To ensure Data Zoo’s clients meet their KYC obligations, the global data verification specialist verifies 3.5 billion individuals instantaneously through one API service, provides global screening of PEP and Sanctions watchlists, and delivers ongoing due diligence to identify, mitigate and manage AML and CTF risks. They are a leader in online global identity data and verification, giving their clients access to the widest and most in-depth identity data, both globally and specifically across the Asia Pacific (APAC) region, where 60% of the world’s population resides and 46% of payments are made online.
With BIG’s BitRank VerifiedTM service, QLUETM platform and/or Forensic Services Division, Data Zoo and its clients can:
- increase security and due diligence effectiveness through AML and CTF efforts;
- increase confidence in meeting regulatory compliance;
- reduce their risk exposure related to cryptocurrencies;
- deliver transparency regarding the legitimacy of transactions;
- create a deterrence against criminal elements that could engage in illicit activity; and,
- provide assurance to their clients that measures are in place to strongly curtail illicit transactions or reduce the amount of illicit funds that would have otherwise transacted.
“We’re excited to help Data Zoo and its customers have confidence and assurance when it comes to compliance,” said BIG CEO, Lance Morginn. “These agreements with Data Zoo are just one example of the tremendous number of data verification, AML and CTF opportunities available to BIG in the Asia Pacific (APAC) region, which I know of firsthand from my background working closely with Asian companies and government entities, including China’s Ministry of Foreign Trade and Economic Co-operation (MOFTEC), and from my most recent trip to China in Q2 2018. Through these agreements, Data Zoo will be exposing their clients in multiple APAC nations and 40+ other countries to BIG’s expertise and offerings around cryptocurrency security and accountability. We look forward to working with Tony and his dedicated team at Data Zoo.”
Data Zoo founder, Tony Fitzgibbon, commented: “Data Zoo is the second company I’ve owned and operated that specializes in ID verification, AML and CTF services, so I know the ultimate goal is to gain access to the best available and most up-to-date data points and insights. Now more than ever, Data Zoo and our clients can be confident we have those vital data points and insights with the ability to integrate BIG’s BitRank VerifiedTM service, QLUETM platform and Forensic Services Division into our business models and offerings. As a global service in a rapidly evolving industry, we need nothing less than the cutting-edge solutions BIG offers to support our KYC, due diligence, AML and CTF activities.”
On behalf of the Board,
Chief Executive Officer
About BIG Blockchain Intelligence Group Inc.
BIG Blockchain Intelligence Group Inc. (BIG) brings security and accountability to the new era of cryptocurrency. BIG has developed from the ground up a Blockchain-agnostic search and analytics engine, QLUETM, enabling Law Enforcement, RegTech, Regulators and Government Agencies to visually trace, track and monitor cryptocurrency transactions at a forensic level. Our commercial product, BitRank VerifiedTM, offers a “risk score” for Bitcoin wallets, enabling RegTech, banks, ATMs, exchanges, and retailers to meet traditional regulatory/compliance requirements. Our Forensic Services Division brings our team of investigative experts into action for investigations that require in-depth expertise and experience, either in conjunction with or supplemental to our user-friendly search, risk-scoring and data analytics tools.
About BitRank VerifiedTM
BIG developed BitRank VerifiedTM to be the industry gold standard in ranking and verifying cryptocurrency transactions. BitRank VerifiedTM offers 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 VerifiedTM and its API are 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.
QLUE™ (Qualitative Law Enforcement Unified Edge) enables Law Enforcement, RegTech, Regulators and Government Agencies to literally “follow the virtual money”. QLUE™ incorporates advanced techniques and unique search algorithms to detect suspicious activity within bitcoin and cryptocurrency transactions, enabling investigators to quickly and visually trace, track and monitor transactions in their fight against terrorist financing, human trafficking, drug trafficking, weapons trafficking, child pornography, corruption, bribery, money laundering, and other cyber crimes.
Investor Relations – USA
KCSA Strategic Communications
Valter Pinto, Managing Director
Scott Eckstein, VP of Market Intelligence
email: [email protected]
Investor Relations – Canada
Skanderbeg Capital Advisors
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BIG Investor Relations
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