Greg Pinn, who ran Thomson Reuters’ risk intelligence and financial crime screening platform, will now be in charge of product strategy at iComply, which focuses on using blockchain and artificial intelligence to maintain immutable records. So far the startup has launched a know-your-customer (KYC) tool, as well as a toolkit for blockchain startups looking to add governance and compliance systems, according to a press release.
In a statement, Pinn said that KYC processes are important for cryptocurrencies, and he plans for iComply to be an industry standard in the space.
“Both World-Check and iComply are in the KYC space, and World-Check came about at a time before there even really was a compliance space – it was one of the first players in the market to solve a major problem. iComply is doing the same thing for the emerging blockchain and crypto world, not only removing the ‘tinfoil hat’ from crypto but solving a real problem and building a solution for it.”