It is our pleasure to announce that we have partnered with identity experts Cynopsis solutions to fufill KYC/AML requirements for our token sale. Cynopsis is a RegTech Company founded and based in Singapore and has managed KYC requirements for huge successful ICOs such as Kyber Network.
We intend to use Artemis, a proprietary software which has been a valuable tool for various clients worldwide, as it integrates its intelligence with cutting edge methods to better comply with Know-Your-Customer (KYC) / Anti-Money Laundering (AML) / Counter-Terrorism Financing (CTF) requirements.
Cynopsis Solutions employs encrypted virtual private cloud to house and analyze any data that has been submitted to Artemis via RESTful APIs from Fintrux. Members’ personal data will not be shared with any 3rd party by either company without prior consent from the client.
Why do I have to go through a KYC check?
The overall objective of registering the token sale is to ensure clients undergo a mandatory Know-Your-Customer (KYC) check to deter any identity theft, terrorist financing, money laundering and financial fraud. KYC’s are crucial as it allows our team to gain a greater understanding of our token holders and minimize any risks. At FintruX Network, we believe it is critical to reduce money laundering and terrorism financing, which has lead us to adopt the KYC standards normally used by banks and financial institutions worldwide.
The KYC process involves a screening process against international sanction/terrorist lists, politically exposed persons and people with adverse news. Using this exclusive software, risk assessment and onboarding outcome is determined.
As a platform that believes in catering to its end users, our goal is to distribute to as many users as possible, as token holders from FintruX Network (FTX) are predicted to be the initial users of the platform. Using this program, we can ensure that only one identity is associated with one email address and one Ethereum wallet address.
Dates to Note
- Whitelist start date is TBA. This will be announced on all social media platforms to inform clients when they can begin registering. An email will be sent to our mailing list so please make that you are subscribed via the website.
- The whitelist registration will be effective for both the presale in December 2017 and the token sale in February 2018.
About us: FintruX Network is the global P2P lending ecosystem powered by blockchain and no-code development. FintruX facilitates marketplace lending in a true peer-to-peer network to ease the cash-flow issues of SMEs that typically face challenges getting loan financing, such as startup companies.
Join our mailing list to stay up-to-date and get access to exclusive content.