ICO Compliance Platform iComplyICO Adds Tejinder Basi To Advisory Councilbr>
RegTech firm iComplyICO has added former Deloitte cybersecurity practice leader Tejinder Basi to its advisory council.
iComplyICO is a regulatory technology platform that automates compliance procedures for initial coin offerings (ICO), enabling them to be securely utilized as efficient financial instruments. The company’s compliance protocol makes it possible for both ICO issuers and ICO investors to be assured that legal, financial and regulatory compliance procedures are adhered to from the beginning, and throughout the lifecycle of the token.
Basi is a former partner with Deloitte’s Risk Advisory practice and leader of their cybersecurity practice in British Columbia. In addition to serving on the Risk Advisory national management committee, his contributions include strategic and operational leadership, service innovation, market development, people management and strategic acquisition. He has worked across multiple industry verticals including utilities, financial, health and public sectors.
Basi is the director of Blockchain Intelligence Group (BIG), a blockchain agnostic search and analytics engine that allows RegTech and government agencies to trace, track and monitor cryptocurrency transactions at a forensic level. Its commercial product, BitRank Verified, offers a “risk score” for bitcoin wallets. It allows banks, exchanges and ecommerce sites to meet traditional regulatory requirements.
“Tejinder has a deep understanding of the inner workings of the decentralization that is beginning to take off in markets today,” said said Matthew Unger, CEO and founder of iComplyICO. “We couldn’t be more excited to have his guidance as we grow.”
“The reality is that ICOs do hold promise if they are done the right way,” said Basi. “Organizations like iComplyICO are looking at how we can allow this wave of economic and business activity to flourish, but do it in a way that brings a level of legitimacy. And to me, having that broader vision while allowing the fluidity, excitement and energy that exists within these markets, that is a great place to be because we know it will continue to evolve. I think the positioning of iComplyICO’s work is just phenomenal.”