“The partnership is a natural – IdentityMind and Etherparty provide clients looking to embark on an ICO with a turnkey solution.” – Garrett Gafke, CEO, IdentityMind Global
PALO ALTO, Calif. (PRWEB) April 19, 2018
IdentityMind Global™, Digital Identities You Can Trust, announced that Etherparty Smart Contracts, Inc., a Vancouver, Canada blockchain technology company, has selected IdentityMind to provide KYC and AML compliance support for Etherparty’s Rocket crowdfunding platform.
Etherparty, a wholly owned subsidiary of Vanbex Group, builds intuitive, end-to-end smart contract solutions, the first of which is crowdfund creator Rocket. Rocket removes the complexity and management of creating and executing an ICO across multiple blockchains, which will include compatibility with Ethereum and Bitcoin’s blockchains at launch this spring.
The platform uses FUEL tokens so users can pay with all services across Etherparty’s suite of software products with the ERC-20 compatible digital token. Etherparty’s Rocket software product expects to support over 20 crowdsales on multiple blockchains this year.
IdentityMind provides a turnkey solution for customer onboarding, helping companies conduct know your customer (KYC) in an automated fashion, while meeting regulations worldwide. In addition, it provides anti-money laundering (AML) checks on potential ICO contributors.
“We’re excited to partner with IdentityMind, the leading KYC and AML solution white label provider for companies who support utility or security tokens,” said Kevin Hobbs, CEO, Vanbex Group. “Their KYC solution is the perfect complement to Etherparty’s end-to-end solution for crowdfunding. IdentityMind has everything we need – a proven, established product, domain expertise, extensive knowledge of the evolving global, regulatory and compliance environments, and proactive client services. Going forward, we have a more complete solution for our customers.”
“The partnership is a natural – IdentityMind and Etherparty provide clients looking to embark on an ICO with a turnkey solution,” said Garrett Gafke, CEO, IdentityMind Global. “Clients don’t have to search out and cobble together disparate solutions from multiple vendors as they map our their ICO journey. Working together, we can expedite the ICO process and provide a proven solution to ensure Vanbex customers meet KYC and AML compliance requirements worldwide.”
Initial Coin Offerings (ICOs) have grown exponentially with nearly $6 billion raised in 2017, and over $2 billion in Q1 of 2018. IdentityMind has worked with over 78 ICO clients in 20 countries across a variety of markets including lending, digital currency, retail, healthcare, payments, and more, evaluating more than 400,000 users, in nearly 80 countries who contributed over a billion dollars. Representative IdentityMind clients include Airtoken, BurstIQ, CRYPTO20, DataBroker DAO, Dragon Corporation, Fluz Fluz, Liquineq, Sparkle Coin, and others.
IdentityMind was recently named the recipient of two top industry awards: CIO Review’s 50 Most Promising FinTech Solution Providers and Disruptor Daily’s 10 RegTech Companies Making Waves in the Industry.
Resources
- Webinar: KYC Compliance for ICOs Made Easier
- ICO Infographic: Insights from Our ICO Clients
- Blog: 90 Minutes with the SEC on ICOs
- Press Release: IdentityMind Powers One of the World’s Largest ICOs
- Press Release: IdentityMind Global Announces Creation of Business Unit Dedicated to Cryptocurrencies and ICOs
- Slideshare: 18 Regulatory Insights for ICOs Worldwide
About Etherparty
Etherparty is a blockchain platform working to enable a connected and inclusive world by building easy-to-use, versatile and intuitive smart contract solutions. Visit: etherparty.com.
About IdentityMind Global
IdentityMind Global, Digital Identities You Can Trust, provides a SaaS platform that builds, maintains and analyzes digital identities worldwide, allowing companies to perform identity proofing, risk-based authentication, regulatory identification, and to detect and prevent identity fraud. Built-in transaction monitoring enables e-commerce fraud prevention, anti-money laundering (AML), and counter terrorism financing (CTF). Our patented eDNA™ technology securely tracks the entities involved in each transaction (e.g. onboarding, account origination, money transfers, online payments, etc.) to build unique digital identity trust reputations. This reputation is anonymously shared between customers in IdentityMind’s Global Identity Network. For more information, visit IdentityMind on Web, Twitter, LinkedIn, Facebook, Blog, and Google+.
© 2018 IdentityMind Global. All rights reserved. IdentityMind Global and the IdentityMind logo are trademarks or registered trademarks of IdentityMind Global in the United States and other countries. All other brand, service or product names are trademarks or registered trademarks of their respective companies or owners.
Media Contacts
Dan Rampe
Director of Corporate Communications
IdentityMind Global
Tel: 415-205-9378
Email: drampe(at)identitymind(dot)com
Brandon Kostinuk
Creative Director
Etherparty Smart Contracts, Inc.
Tel: 604-783-2222 (Ext. 8458)
Email: b(at)etherparty(dot)io