Weekly Update 7th January 2022
And just like that, we have completed the first week of 2022. With so many exciting projects and collaborations planned for this year, this week the team was busy with setting the grounds for our upcoming projects. Nonetheless, we have some updates for you.
We start off the week by celebrating Bitcoin’s birthday on the 3rd of January. 13 years ago, the bitcoin network came into existence with Satoshi Nakamoto mining the genesis block of bitcoin.
NFT drop success
On Friday the 24th of December 2021, Sekuritance, the RegTech Compliance-as-a-Service Solution, launched the first of the Sekuritance Button Collection (One of the many unique character sets) as NFTs on the Polygon chain. This was a huge success as the NFT was sold within less than 3 days by a very generous individual. Given this great news, the first thing the team did was donate a major portion of the earnings to the Whale and Dolphin Conservation (WDC). In the meanwhile, Sekuritance decided to adopt a bottlenose dolphin named Spirit.
What is KYB?
One of our blog posts for this week was about understanding more about what KYB (Know-Your-Business) is. This can at times be overlooked, however it is very important to assess and understand AML/CFT risks that new (and existing) business relationships can pose. You can find out more about KYB here.
The Importance of Compliance in Cybercrime: A case study.
This week we also looked at a case study about The Black Axe in Nigeria. The Black Axe are a student group likened to secret societies within higher education that have, more recently, become involved in illegal and violent activities. This cult is a perfect example of the cybercrime that keeps happening around the world. Thus, the blog post looks at how this can be mitigated. Get to know more about it here.
We got featured on E-crypto News
This week, our CEO Jonathan Camilleri Bowman, got featured on E-crypto News. He speaks about his 2022 predictions for Blockchain and Web 3. He mentions that opportunity and control are the two key points of interest forecasted in the coming year.
Next Week’s Big News
This week, our CEO Jonathan Camilleri Bowman announced on our Telegram Channel that next week we are going to announce the first launch for this year where the project has been entrusted to Sekuritance to handle the compliance, the consultancy and other aspects of the launch. It is one of the biggest and oldest names in retail as far back as 1921! We have examined what they are bringing to the blockchain world and are excited that they have chosen us to be part of this journey! Keep up to date with daily announcements on our Telegram channel.
The Sekuritance RegTech platform provides a single platform for every eGRC need, including end-to-end AML/CTF, CECL, FCPA, vendor management, beneficiary onboarding, investor check, card processing MFA checks, blockchain wallet checks, cyber-risk assessments, and other RegTech or Business Process Management requirements.
Stay tuned for more info and follow us on: