Cambridge Blockchain, IHS Markit Ink KYC Partnership

A new partnership has been inked between identity startup Cambridge Blockchain and IHS Markit, the U.K.-based data analysis firm.

The deal will see Cambridge Blockchain complement IHS Markit’s existing services around anti-money laundering and know-your-customer, CEO Matt Commons said in a statement published today. The technology developed by the Massachusetts-based’s startup will be bridged with IHS Markit’s KYC.com platform.

The two firms will effectively apply distributed system concepts to the compliance issues tied to know-your-customer information (KYC), which banks must collect in accordance with money-laundering regulation, with the idea that clients have greater control over that data…

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