Singapore Startup Designs a Blockchain KYC with IBM
At this year’s Singapore FinTech Festival, the fintech startup KYCK! and IBM announced a collaboration involving a blockchain Know Your Customer (KYC) project. The Singapore-based company will use distributed ledger technology to onboard clients in a secure environment. Singapore Startup KYCK! Initiates Blockchain KYC Verification. According to IBM,....
Related News
Singapore-based remittance startup Toast, previously known as Cryptosigma, has pivoted away from bitcoin and blockchain technology and reportedly raised $850,000 (S$1.2m) in seed funding. The startup - which seeks to facilitate remittances for Filipino workers living in Singapore - announced its re-branding in a blog post in July and said it would for now operate as a
IBM Bluemix Garage has unveiled that Singapore FinTech startup KYCK! is to use its blockchain in a project to fast-track the know-your-customer (KYC) on-boarding process in financial organizations, according to a report from Yahoo!. It is hoped that by using the blockchain technology banks will be in a better position to enhance operations for on-boarding customers, reducing the time and expense that is normally required. By utilizing the Hyperledger Project Fabric, IBM Bluemix Garage in Singapore will work to create and test the solution, which is to be built on the Hyperledger Fabric.....
An American executive of a Bitcoin startup committed suicide in Singapore early in 2014 due to stress and depression from work and other personal issues. The information was released by the Coroner's Court in Singapore. The Coroner's Court found that Autumn Radtke had been determined to end her life, and had "made concerted efforts toward facilitating this outcome." Prior to her death, Autumn Radtke was the CEO of First Meta, a Bitcoin startup in Singapore. On February 26th, 2014, she plunged to her death from the 16th floor of her apartment block in Singapore. She was 28. "The magnitude....
The Oversea-Chinese Banking Corporation (OCBC), a publicly-listed banking corporation headquartered in Singapore will begin inter-bank payments powered by blockchain technology in Southeast Asia. The announcement, revealed by regional publication FintechNews Singapore, follows a successful duo of pilot payment transactions conducted between the bank and a regional and an international banking partner. The pilot utilized a blockchain platform jointly developed by OCBC Bank and BCSIS, a local payments startup in Singapore. Two blockchain pilot payment transactions were revealed. First, a....
Not long ago, Singapore Bitcoin payments system startup CoinPip brought US-based 37coins’ SMS bitcoin wallets to Singapore in a bid to make Bitcoin transactions simpler for the public. Now, Singapore-based startup 8pip wants to go one step further by introducing what it claims are the world’s first Bitcoin prepaid cards. The team will launch the cards at Startup Asia Singapore 2014 on May 7, as well as at Singapore’s first BOOST:Bitcoin event, an event aimed at promoting and celebrating the use of cryptocurrencies. A CoinPip-affiliated company, 8pip’s Bitcoin prepaid cards allow customers....