Tune in to find out the latest industry news worth knowing from the first quarter of 2023, as well as insights, reports and webinars brought to you by team norbloc.
All you need to know about DLT KYC Utilities and more..
norbloc has released a report sharing key findings from operating a decentralized, Web3 ecosystem described so frequently on a theoretical basis but only very recently approached and assessed on a practical level.
đź’ˇIndustry news worth reading
The FCA has sent a letter of Priorities for Payments Firms for exposing their customers to an unacceptable risk of harm and lacking sufficiently robust controls. The FCA expects payment and e-money firms:
- to have effective and commensurate AML systems and controls,
- to conduct regular reviews to assess its compliance with AML obligations and sanctions requirements,
- to work swiftly to remediate weaknesses identified,
- to maintains appropriate customer due diligence controls at onboarding stage and on an ongoing basis.
đź”—Read the full letter here: Dear CEO…
37 leading European organizations, including norbloc, join forces on the TANGO Project to provide a trustworthy data management solution for combining greater control and sharing of data.
đź”—Find out more about the Tango Project
After approval in the European Parliament plenary on March 15th, the proposal for the eIDAS has entered into interinstitutional negotiations. Adoption of this EU Regulation would result in EU-wide secure public eIDs, increasing citizen control over their online identity and related personal data.
“The Digital Wallet will become a reliable, all-in-one identity gateway that puts citizens in full control of their own data and gives them the freedom to decide exactly what information to share, with whom, and when. From social, financial, medical, and professional data, to contacts and much more, it will make it possible to store personal credentials within a single digital ID.” – Rapporteur, Romana Jerković
On March 28th, the European Parliament has voted in favor of imposing payment limits on unverified crypto wallet users at 1,000 euros, in order to combat money laundering in light of the Pandora Papers leak in 2021 and various other money laundering scandals. The new EU AML/CFT package will be negotiated further in a Parliamentary plenary session in April and is set to include:
- The EU Single Rulebook Regulation
- The 6th AML Directive
- The European Anti-Money Laundering Authority (AMLA)
đź”—Read the press release
Webinar coming soon…
From our experience as the first-ever RegTech company to successfully implement a live, distributed KYC utility, we offer 6 questions and more that financial institutions should be asking themselves today to make the right choices for KYC and remediation.
👉 Stay updated about our upcoming webinar by subscribing.
đź“ŚIn case you missed it…
Discussing the Future of Digital ID, norbloc’s Co-Founder and CEO, Astyanax Kanakakis along with Managing Director of Policy and Strategy at the Dubai Financial Services Authority, Peter Smith at the Regulator Knowledge Exchange Forum of Cambridge Centre for Alternative Finance.
norbloc, awarded highest accolade for Fides solution at the Singapore Fintech Festival 2022 after being shortlisted by the Monetary Authority of Singapore and Oliver Wyman.
Digital customer onboarding platform SANCUS, singled-out from the competition and awarded “Best ID Management Solution” at the Finovate Awards 2022.
đź“Ťnorbloc is in London
We are excited to announce we just opened new offices in London!
These last couple months we’ve been going from one event to the next; From Leda Glypti’s book launch for Bankers like us, to Accenture’s FinTech Innovation Lab launch, Endeavor’s Greeking out event in London and many more.
If you are in London send us a message, we are happy to connect!
#teamnorbloc
We’re happy to be welcoming the newest additions to our team:
Looking for a new adventure?
Join us as we work to revolutionize data sharing
