Jan 15, 2019
Recognized as a global leader in RegTech for blockchain, Coinfirm serves as a foundation for the safe adoption and use of blockchain. The Coinfirm AML/CTF Platform uses proprietary algorithms and big data analysis to provide structured, actionable data that solves compliance and transaction risk issues in blockchain and cryptocurrencies. The blockchain agnostic platform is currently used by anyone ranging from major financial institutions to exchanges. In addition, Coinfirm develops dedicated blockchain solutions such as the data provenance platform Trudatum that was recently integrated by the largest bank in CE.
An Interview with Yusuf Bashir, CEO of the KAD ICT HUB about the AMLT Network
Welcome to the AMLT Network Member interview series! This series is dedicated to interviewing interesting AMLT commercial network members. This interview features Yusuf Bashir, the CEO KAT ICT HUB as well as the CEO of Coders4Africa, the largest programming talent entities in the region. The KAD ICT HUB is also a partner to AMLT in launching our AMLT Network in Africa. Here we go!
Tell us more about your company profile, products/services and future plans?
The KAD ICT Hub is a technology hub that serves as a platform for innovators. We build products that are geared towards solving societal problems through the startups we incubate and mentor. We also provide services such as training and education that strengthens existing institutions for both the public and private sector.
Please elaborate how AMLT Network is beneficial in your daily business operations, processes?
Our financial services unit is in the process of utilizing the AMLT Network along with other Coinfirm solutions to onboard potentially millions of Nigerians into the global economy by creating systems that allows to define bad actors and provide users a credit/risk rating over a period of time. Our Cybersecurity team is using the tokens as an incentive for the Nigerian economy to fight crypto related fraud and to attract and educate the best candidates to come to our hub for training.
Why do you think the AMLT Network is valuable for the cryptocurrency economy overall and its fight against fraud and related activities?
It is important because it provides legitimacy to the cryptocurrency economy by ensuring the accuracy of information used by all stakeholders to make business decisions.
How was the onboarding experience of “Becoming an AMLT network member” and why is easier user experiences important for crypto?
The onboarding process of becoming an AMLT network member took only a few minutes and therefore was seamless. Easier user experience is very important because it will help bring in new members.
Do you plan on using the AMLT you either purchased or earned by providing data for discounted services for yourself or for your clients/users?
We intend to use it for our clients/users.
As a player in the cryptocurrency ecosystem and AMLT commercial Network Member what are your suggestions to other stakeholders?
I would tell them that we need to move fast in educating the world about the AMLT network and it’s potential to open up the global cryptocurrency economy and making it mainstream and even safer and more transparent.We hope you had a great learning experience from this quick interview. If you have any suggestions on interview format, questions and any other feedback we're all ears.
Missed the 1st Community Network Member Interview? Read it here.
If you're interested in partnering with Coinfirm or becoming an AMLT Network Member then contact us!
Thank you for your continued support and make sure to follow all of our latest updates on Twitter, Facebook, LinkedIn and Telegram Community.
The AMLT Team