Streamlining compliance and privacy to the online consumer-centric crypto markets
MICHAEL, Barbados, June 26, 2018 /PRNewswire/ — Shyft, the leader in building a global ecosystem where attested and compliant data can be securely and privately shared, today announced that it has signed a Letter of Understanding to create partnerships with Toronto-based Pegasus Fintech Canada Inc. (“Pegasus Fintech”) and British Columbia-based Crypto KABN Holdings Inc. (“Crypto KABN”). This expands Shyft’s well-developed ecosystem of dignified partners in its open and unified framework that allows for the standardization of regulatory, compliance and due diligence mandates for Know Your Customer (KYC) and Anti-Money Laundering (AML). Shyft’s ecosystem drastically helps to reduce costs and increase efficiencies while deepening consumer data security and privacy.
Pegasus Fintech, a global Blockchain and Token Accelerator that focuses on supporting innovative solutions in the Financial Services, Technology, Blockchain and Cryptocurrency communities, was recently announced as the first North American Sponsor Firm for the Gibraltar-based GBX (www.gbx.gi). Pegasus has a strong ecosystem of partners with industry leaders including Polymath and is also a founding partner of Crypto KABN.
Crypto KABN delivers enhanced value to global cryptocurrency programs and their customers by providing a solutions suite of services to support the utility and liquidity of their Blockchain offerings. At the heart of Crypto KABN’s value proposition is a strict focus on compliance and a robust patent-pending Blockchain-based biometric ID validation platform called ID KABN.
“The partnership with Pegasus Fintech and Crypto KABN enhances Shyft’s ability to execute on its promise of providing a new paradigm for digital identity by adding technology, reach and value to the network,” said Bruce Silcoff, CEO of Shyft International. “Consumer engagement is paramount to the network. Technology enhancements like biometrics provide further validation for the network while integration with companies like Pegasus and Crypto KABN add value to and activity on the network.”
The Shyft Network is also focused on redefining identity by finding common identifiers of trustworthiness, that when standardized, can be leveraged as collateral across ecosystems. This network enables base-layer identity anonymization with KYC data-anchoring. Shyft can then assign individuals scores that represent compliant reputation, plausibility, believability and likelihood that individuals are, in fact, credible. This type of identity or “creditability” based on trustworthiness helps build a global economy that empowers the 3.5 billion people who are currently ‘underidentified’ and ‘unbanked,’ meaning that they are unable to participate in regulatory economies. Leveraging “creditability” becomes collateral, thus allowing a more inclusive economy with a common language across ecosystems.
For more information about the Shyft Network visit www.shyft.network.
About Shyft Network
Shyft is building the world’s first secure, multi-stakeholder Blockchain-based digital identity ecosystem that enables KYC/AML attested data transfers. Combining privacy of data with efficiency of attestation, Shyft technology will radically streamline and simplify data collection, reduce cost and minimize the cybersecurity risks inherent in traditional compliance systems. In addition, Shyft is working to make the global economy accessible for all by creating credible reputations for the 3.5 billion consumers who are lacking “identities” by today’s standards. Through participation in the Shyft ecosystem, Shyft is building a more financially-inclusive and efficient future for everyone. If you are interested in working with Shyft and integrating your solution with our platform, please get in touch through firstname.lastname@example.org. For more information on Shyft, please visit www.shyft.network.
About Pegasus Fintech, Inc.
Pegasus Fintech, Inc. is a Blockchain and Token Accelerator that focuses on supporting innovative solutions in the Financial Services, Technology, Blockchain and Cryptocurrency communities. Pegasus’ Accelerator program deploys a team of highly skilled industry, marketing, legal and financial specialists that provide evaluation, management, marketing programs, resources and tools to affect client growth, creating compliant Token programs that are executed on the Blockchain. Pegasus support efforts with investment banking, private equity and democratized investment community for our client’s capital formation initiatives. Pegasus is a Sponsor Firm of the Gibraltar Blockchain Exchange – GBX. For more information, please visit www.PegasusFintech.com
About Crypto KABN Holdings Inc.
Crypto KABN is an innovator in financial services, technologies and products for the Blockchain community. Our mission is to disrupt traditional thinking about solutions for identity verification, storage, payments and financial card services by providing meaningful and relevant products and services to accelerate adoption of Blockchain-based solutions. For more information, please visit www.cryptokabn.com
Contact: Gaby Hui, 917-602-1681, email@example.com