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With Cryptocurrencies in the global spotlight, FOX Business’ Innovations series to feature Coinfirm and AMLT

Jul 26, 2018

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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.

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In the upcoming episode the host of the program, Ed Begley, Jr., will focus on the latest developments in blockchain technology, AI, and cryptocurrency

The program brings viewers breakthrough solutions in various areas of life. On Saturday afternoon (July 28, 2018 @5:00pm ET) they will throw light on blockchain technology and its use in different areas, including the cryptocurrency economy. Coinfirm will be featured as an example of using technologies, complex algorithms and analysis of large databases to reduce the risk associated with making decisions related to operations in cryptocurrencies and bring their further commercial adoption.

Coinfirm is considered a global leader in regtech (regulatory technology) for cryptocurrencies and blockchain. Most known for the Coinfirm AML/KYC platform, along with the AMLT Network and associated token, creates a unique system to improve security and increase the transparency of activities related to cryptocurrencies while solving one of the largest roadblocks to mass adoption, Anti-Money Laundering compliance. Coinfirm achieves this by applying proprietary algorithms and big data analytics on billions of transactions and hundreds of millions of addresses against over 200 risk scenarios that result in AML/KYC Risk Reports with structured data. This structured data includes behavior profiles, risk scores as well as risk indicators. As a result, entities can determine the potential risk related to entities and funds in the market more effectively than ever possible while nefarious actors have less space for their actions.

Paweł Kuskowski, CEO of Coinfirm

"We’re building the bridge for the commercial and mass adoption of cryptocurrencies and making the financial system safer and more transparent overall. To achieve it, you need not only technology and solutions but also market education. And this education factor gets better through the engagement of large and traditional media such as this."

An important complement to the Coinfirm Platform is the AMLT Network. AMLT is the first system that allows market participants globally to submit addresses and related proof on nefarious actors such as ransomware, hacks, and other types of fraud. If the data provided will pass positively through the verification process, the data provider in return receive AMLT tokens as a reward. The verified data is implemented into the Coinfirm Platform used by countless players in both the cryptocurrency and traditional industry, creating a swift effect helping prevent these nefarious actors from further spreading risk throughout the system. This way Coinfirm creates a trusted and transparent financial system where honest players with the help of technology reduce the chances of nefarious actors from being able to capitalize.

About Coinfirm
Coinfirm serves as a foundation for the safe adoption and use of blockchain. The Coinfirm AML/KYC Platform uses proprietary algorithms and big data analysis to provide structured, actionable data that increases efficiency, reduces costs and streamlines compliance to near automation. A recognized leader in their field and among the most influential blockchain and regtech companies, the blockchain agnostic platform benefits not only companies operating around blockchain but also major financial institutions, asset management and BI companies. In addition, Coinfirm develops dedicated blockchain solutions such as their data provenance platform Trudatum, currently being piloted for adoption by multiple financial institutions. Trudatum is an easy to use blockchain solution to register and verify the ownership and authenticity of any type of document, file, or data.

About Innovations
Innovations, hosted by award winning actor Ed Begley, Jr., is an information-based series geared toward educating the public on the latest breakthroughs in all areas of society. Featuring practical solutions and important issues facing consumers and professionals alike, Innovations focuses on cutting-edge advancements in everything from health and wellness to global business, renewable energy, and more.