Weekly Update 24th June 2022

Sekuritance
4 min readJun 24, 2022

This week it brought with it more partnerships and one major update. As usual, our team was busy making sure that everything was working smoothly and continuing to strengthen the Sekuritance and $SKRT brand. Let’s take a look at what happened this week.

Strategic Partnership with Cudos

Their core objective is to unite cloud and blockchain, using spare computing to create a decentralised, sustainable, and connected world. Sekuritance will be guiding and aiding Cudos in filling their remaining cap table, along with aiding the onboarding of their investors at a private level. Cudos is a layer-1 blockchain and layer-2 community-governed computing network designed to ensure decentralized, permissionless access to high-performance computing at scale. Check out their website: https://www.cudos.org

Strategic Partnership with Bearverse

Sekuritance will be guiding and aiding Bearverse in filling their cap table, along with aiding the onboarding of their investors at a private level. Bearverse is a Free-to-Play BSC-based multiplayer strategy with a play-to-earn model, created for mobile devices. Check out their website: https://bearverse.com/

Trademark in the UK

This week we managed to obtain our Trademark in the UK. We are ecstatic about this and we hope to continue to grow and strengthen the Sekuritance and $SKRT brand!

Can NFTs Help Identity Verification?

For this week, we wanted to shed light on the identity-based non-transferable NFTs that we developed. These are NFTs that will enable users to be in full control of the self-sovereign identity (SSI), giving more efficient control over verifying identity on platforms via decentralised access. Read more here.

The Importance of KYC for Start-up Businesses

Your compliance obligations should be integrated from the very start and embedded into your onboarding process as fully automated as possible, in order to provide an optimised customer journey. This will also help to reduce regulatory and compliance risks, it’s an obligation that you cannot get out of so you must embrace it fully for the good of your business. It is also an important measure to increase the legitimacy of your business as well. KYC helps you to safeguard clients and keep yourself safe from money laundering and other financial crimes. Read more here.

KYC vs AML: What’s the Difference?

At their core, KYC and AML regulations exist to remove or at least mitigate the impact of money laundering, financial terrorism, corruption and other financial crimes. Both of these protocols are mandatory for regulated entities that have been deemed at high risk of helping to enable financial crime. In this article, we’ll look at the definition of both, the difference between the two and why both are so important to a business’ compliance program. Read more here.

About Sekuritance

The Sekuritance RegTech provides a single platform for every compliance need within a business, including end-to-end KYC, KYB, AML, vendor management, beneficiary onboarding, investor check, card processing MFA checks, blockchain wallet checks, cyber-risk assessments, and other RegTech and Business Process Management requirements.

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Sekuritance

A CeFi and DeFi RegTech ecosystem delivering top compliance, regulatory, transaction monitoring and identity management to merchants and individuals!