Digital Assets Firm FinFabrik to Integrate Chekk’s KYC Solutionby Fintech News Hong Kong February 19, 2020
FinFabrik signed a Memorandum of Understanding (MOU) with Chekk to integrate Chekk’s KYC capabilities to its market infrastructure “CrossPool”, enabling financial institutions in private markets to grow new digital asset businesses powered by distributed technology.
CrossPool is built to serve the asset issuers and investors primarily to achieve two things: creating a primary market where institutions originate and allocate digital assets, and a secondary market where investors are able to discover a price, buy and sell those assets whilst being able to transfer their ownership rights in a legal and compliant manner.
Alex Medana, Co-founder & CEO, said,
“Chekk and FinFabrik share the same philosophy around identity management: giving the right level of transparency, portability and ownership to the users. I believe that everyone should ultimately own “themselves”, that is, their credentials and where they are distributed as long as the rules are followed. Chekk is a great partner in that it uses advanced consent and encryption technologies at data point level, enabling users to control what is shared with whom.”
Pascal Nizri, Co-founder & CEO, said,
“Chekk is extremely happy to support FinFabrik and help them with investors’ on-boarding and KYC. Both companies share the same missions, leveraging technologies to create more inclusive financial services, FinFabrik in creating new marketplaces and opportunities for investors, Chekk in offering financial institutions a better way to on-board clients and customers a digital passport enabling them to be in full control of their digital identity and data”.