SINGAPORE, June 6, 2022 /PRNewswire/ -- APAC Business Headlines has chosen Regtank, a one-stop RegTech solution provider, as Singapore's Most Innovative Blockchain Company of 2022 in their recent special Blockchain edition. Regtank is the only company in Singapore to have garnered this recognition for their achievements in their innovative blockchain practices and be part of APAC Business Headline's Most Innovative Blockchain Companies from APAC 2022.
APAC Business Headlines covers leading industry trends identified in the APAC market and works alongside leading players to document opinions and expectations of the global tech market. This special edition brings to light the most innovative blockchain companies from various countries in the APAC region that are applying new ideas to the versatility and decentralized nature of the blockchain.
"We are grateful to win the award of being the Most Innovative Blockchain Company from Singapore. Currently, we are witnessing the age of financial services being creatively destroyed, reorganising themselves around the user. That is what Regtank is about. The solution that solves challenges and redesigns traditional financial markets." - Megan Lee, CEO, Regtank Technology Pte Ltd.
With the cryptocurrency industry expanding rapidly, the risk of crypto-related crimes will also increase exponentially. Regtank's award-winning compliance solution utilises blockchain technology to empower clients from a wide range of industries, especially Virtual Asset Service Providers (VASPs).
The Regtank team will soon launch a product featuring their proprietary algorithm of blockchain analysis with AI/Machine Learning technologies. This will help detect AML risks relationships more accurately in blockchain transactions running real-time, and applied on the entire network of most of the prominent chains.
Regtank aims to empower fintech companies, especially the cryptocurrency industry, to effectively manage their entire compliance program on a single platform with higher efficiency and lower costs.
Regtank is the leading provider of a one-stop software-as-a-service compliance solution, serving to revolutionise the compliance landscape. Adopting a risk-based approach (RBA) incorporating both KYC, KYB and KYT into a single consolidated platform, Regtank has innovated a comprehensive and advanced AML/CFT smart risk assessment engine that can automatically classify the risk of individuals tailored to the risk matrix of the clients. Regtank today provides risk assessment and management, screening, record keeping, ongoing due diligence, transaction monitoring, blockchain analytics, and the identification of the origin of funds. For more information, you can visit us at https://regtank.com
APAC Business Headlines is a knowledge platform for industry leaders and professionals to share their experiences, ideas, and advice within the enterprise IT community. They are committed to their readership base that consists of CIOs, CXOs, and CMOs of some of the fastest growing companies.