traceto.io is powered by Cynopsis Solutions Pte Ltd., a RegTech company founded and based in Singapore. We help clients with regulatory requirements including anti-money laundering (AML), counter terrorism financing (CTF) and other KYC related procedures.
Know Your Customer (KYC) involves the set of processes where an organization demonstrates to regulators that they have assessed various risks, including money laundering, terrorism financing, credit worthiness and product suitability prior to and throughout any business relationship with the customer.
Anti Money Laundering (AML) and Counter Terrorism Financing (CTF)
Anti Money Laundering regulations are designed to emplace controls that guard against the flow of illicitly obtained funds through the financial system. Counter Terrorism Financing refers to the set of controls aimed at eliminating the flow of financial resources to terrorists and terrorist organizations.
Product Suitability
Product Suitability controls are intended to prevent the sale of financial products to clients’ on the basis that their risk, investment or credit profiles are not suited to the financial products being sold.
Credit Worthiness
Credit Worthiness checks prevent lines of credit and margin from being extended to clients’ that are unlikely to be able to meet repayments.
ICO Advisor for Asia Market | Founder of BlockConnectors.io | Over 17,000 Followers on Telegram Rated on Jul 16, 2018
5
5
5
16%
Great project with good traction. Based off existing business. Promising team, met their co founder gene which is the chief data scientist for this project. Alot hype in the market as well
Experienced ICO analyst, editor at TokenCouncil.com, Token Sale Platform supplier, Advisor, Blockchain Enthusiast Rated on Jun 6, 2018
4
5
4
13%
I like this idea of a go-to KYC service supplier, as it will ease things in whtelisting and pre-verifying potential users.
At the moment there are a few KYC service suppliers that provide services to ICOs, however users need to conduct a KYC for every ICO, even if the KYC procedure is provided by the same supplier. Traceto addresses this issue exactly.
Traceto.io is based on Cynopsis Solutions with more than 450 clients such as Bluzelle, Kyber Network, Icon, TenX and Zilliqa. Furthermore, they have good advisors on board such as John Ng from Signum Capital and Simon Kim from Hashed to advice them and assist them to excel.
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