Oliver Smith
The year 2019 is expected to see a significant rise in STOs and have been called the future of blockchain investments. Know Your Customer or KYC for STO is considered to be a major part in shaping their future. The regulatory requirements imposed on STOs for being declared securities by the Securities and Exchange Commission makes them a lot safer to invest in.
Source: https://shuftipro.com/blogs/4-ways-kyc-sto-can-revolutionise-crypto-world/
Open Banking allows banks to avail multiple services such as KYC, AML Compliance and Account Analytics. API based banking enhances the customer experience
RegTech industry has a huge potential of earning revenue as most of the market for RegTech is untapped. Moreover, there are new financial systems and digital platforms that are in need of innovative regtech solutions. Regtech for Blockchain and Cryptocurrency RegTech can help these new age business platforms to achieve a level of transparancy and legitimacy. This will help them curry favor with not only their regulators but their investors and potential customer base as well.
Cryptocurrency was the talk of the day in the months and even years leading up to the present weeks. Very recently, we have seen a drop in the mentions of cryptocurrency in online world. In early 2018, the value of cryptocurrency and tokens in the market was above $800 billion. This number has dipped below $180 billion, showing a fall of more than 75% in the previous 5 months.
Until a few years ago Artificial Intelligence seemed like a thing from sci-fi movies. The whole concept seemed like fiction or a far fetched dream fed by wishful thinking. Then came personal assistants like Siri, Google Assistant, Bixby, Alexa and Cortana, which made the people realise that they could have something like a Jarvis in their homes as well. However, these are just known as weak AIs. Strong AIs are theoretically able to work with human cognitive abilities. Such advancing work in the field of AI is said to achieve tremendous goals in a number of fields including revolutionising the future of fraud detection.
KYC for STO's is an essential part of an STO offering. Shufti Pro provides premium KYC solutions that can revolutionise the world of crypto investments.
