- AmaZix announced its partnership with financial service platform KABN (www.kabn.network)
- The latest in a series of strategic alliances as alternative finance edges ever closer towards mainstream adoption and legitimacy
Hong Kong – March 21, 2019 – Blockchain advisory firm AmaZix is pleased to announce its partnership with financial service platform KABN (www.kabn.network). This is the latest in a series of strategic alliances as alternative finance edges ever closer towards mainstream adoption and legitimacy.
Writing the rulebook for blockchain-based identity management
Under
the grim undertones of a struggling cryptocurrency market over the past
18 months, the spectacular successes – and subsequent painful
shortcomings – of blockchain-based, decentralized and tokenized
crowdfunding models have brought several critical issues to the
forefront.
Perhaps
the most important to the typical investor has been the proof of
identity and accreditation processes, which have been wildly
inconsistent across different implementations, with little to no
assurances to the investor that their personal information and
identities are properly safeguarded and compliant with the new rules
surrounding GDPR.
Now
there is a simple solution that enables investors to complete this
verification and accreditation process once, to access opportunities and
remain compliant for any jurisdiction. KABN’s biometric identity and
whitelist registry verifies KYC and AML data, sharing it with relevant
counterparties while ensuring data and funds are never at risk.
Introducing KABN ID, the one-time verification process for a host of services including token offerings (US Patent pending).
Neo financial services, backed by blockchain validated biometric ID
KABN
ID is only one of several components in the larger suite of KABN
offerings, which aims to be the full-stack solution for digital assets,
fiat transactions and payment methods, including
KABN’s
prepaid crypto-linked Visa card and banking wallet. Users, investors
and entrepreneurs will have a secure and easy-to-use platform to access,
use and spend their digital assets through a crypto-to-fiat transfer
process, while verifying biometric ID on the go, ensuring full
compliance across a wide range of jurisdictions.
Ben Kessler, KABN CEO, said,
“The overwhelming evidence justifies the need for closer scrutiny of
processes and regulatory frameworks in token offerings, with the
securitization of digital assets believed by many to be the natural
progression for the space. It is a direction that AmaZix believes in and
is working diligently towards, as demonstrated by their specialized
advisory services and their partnership track record. We share their
excitement and optimism for the industry’s future and look forward to
collaborating.â€
KABN
has also partnered with European e-money institution and Visa Principal
Member Transact Payments Limited, as well as with global processor GPS
and platform tech provider Pannovate to launch the Pegasus Flyte Visa
card and Mobile Banking Wallet program in the UK, with plans to expand
to the EEA in Q2 2019.
“Programmable
regulatory compliance is a built -in feature with digital securities,
ensuring the necessary KYC and AML processes are satisfied. But if STOs
are to be the way forward, we have to analyze and consider the practical
aspects of identity management on the blockchain, particularly with the
growing debate surrounding privacy and the protection of personal data
in the era of GDPR†said Jonas Karlberg, AmaZix CEO.
He added, “And this is where we believe KABN’s solutions for token
offering verification are technically appropriate for securing
accreditation and will allow for responsible and compliant KYC
processes. In addition, its neo financial services like its branded Visa
prepaid card and banking wallet will give users an additional aspect
that bridges the world of traditional and alternative finance, allowing
them to use and spend crypto with more ease.â€
Curious about what AmaZix can do for you?
AmaZix
seeks to become the leading provider of blockchain-related advisory and
consulting across the globe, driving transformative change to the
business paradigm through tokenization, blockchain technology and
crowdfunding. We deliver a comprehensive suite of high-value
professional services, focusing on innovative services, while continuing
to build a team of top-tier talent.
Reach out to us on the following channels:
1. Telegram: https://t.me/amazix
2. Twitter: https://twitter.com/AmaZixOfficial
3. Website: http://www.amazix.com/
4. Facebook: https://www.facebook.com/AmaZixOfficial
5. Reddit: https://www.reddit.com/r/AmaZixOfficial/
About KABN
KABN,
an integrated financial service platform offering neo banking type
solutions, has received approval by Visa to launch its crypto-linked
card and banking wallet program. Branded the Pegasus Flyte Visa card,
the KABN card program offers an “on/off ramp†conversion process for a
variety of cryptocurrencies to fiat together with multi-currency fiat
transactions. Cardholders will be able to use their Pegasus Flyte Visa
cards to spend in-store, online, and at ATMs wherever Visa is accepted
globally.
The
Pegasus Flyte program will also offer a robust loyalty and customer
engagement platform. The anchor of the program is KABN ID, a Blockchain
and biometrically-based, “Always On†validation and verification
process. This patent-pending, GDPR compliant process allows for
efficient and frictionless customer acquisition and onboarding. To learn
more, please visit: www.kabn.network