On Monday, UK-based fintech firm Humaniq announced it has formed a partnership with regtech Coinfirm to build an even better digital experience for users of the Humaniq application using the cutting-edge AML solutions. According to Humaniq, it and Coinfirm are aiming to provide complete solutions for the world’s unbanked people and enabling financial inclusion for emerging economies through joint initiatives globally. The company stated:
“Coinfirm, a recognised Blockchain Regtech leader known for its AML/CTF Platform, will integrate its Platform across the Humaniq ecosystem to provide a new level of transparency and security through AML and CTF. Humaniq will be able to further secure transactions made in HMQ tokens, which fuel ourplatform, from uncontrolled misuse for illegitimate purposes.”
Humaniq also noted that the partnership also provides Coinfirm with access to all white-labeled HMQ wallets created on the Humaniq network. This will be used by Coinfirm to supply its users with information regarding registered secure wallets and facilitate secure participation in the global economy. Humaniq then added:
“Through their respective commitments both Humaniq and Coinfirm today lay the foundation for a new standard of safety and compliance as well as inclusion of more participants in global markets. This will both increase the efficiency of transactions and also the trust and access that new and existing members of global markets will have.”