DLT Platform Hedera Hashgraph Teams With iComply For Compliancebr>
iComply Investor Services , a firm automating global compliance requirements for digital assets, will release integrations for Hedera Hashgraph, a public distributed ledger platform.
This will include integrations for both iComply’s Prefacto trade management protocol and iComplyKYC product. These integrations will allow developers to implement governance, risk, and compliance programs globally. This will also enable financial institutions to adopt and benefit from decentralization.
“For Hedera developers, this means that investors, both corporations and individuals, can be quickly screened and onboarded,” said iComply CEO Matthew Unger. “Further, globally compliant digital assets such as equity, debt, derivatives, or utility tokens can be created and issued in minutes and have their compliance automatically managed throughout the life of the asset.”
Hedera Hashgraph is a public distributed ledger for building decentralized applications.
“Hedera’s speed and security make it a powerful tool for use in global capital markets. Even with scaling layers, Ethereum’s current speed of 15 transactions per second cannot handle public market transaction volumes,” said Unger.
“We are excited that iComply has chosen to integrate their services with Hedera and give our community access to banking-grade compliance, risk, and financial intelligence data,” said Jordan Fried, VP of global business development at Hedera Hashgraph. “Further, this will allow us to better serve financial institutions, and enable a broader range of institutional grade applications to be built, to streamline and reduce operating costs in financial services.”
iComply’s products enable investor on-boarding while ensuring adherence to local regulatory standards with KYC and BSA solution. Securities issuers, dealers, and fund managers can automatically populate, track, and account for every investor, document, and transaction for the life of a client, reducing human error and costs.