Canadian fintech Katipult announced last week it has been nominated, alongside Polymath Inc., for the Most Promising Partnership Award at the second annual Lendit Fintech Industry awards in April. According to Katipult, the partnership will be competing against some of the world’s finance and fintech giants including partnerships involving Goldman Sachs, Macquarie Group, Swedbank, and Lending Club.
Katipult also reported that the award nomination follows Katipult’s January 2018 announcement of a collaboration with Polymath Inc. in the development of a system of recording securities ownership and transmission using blockchain technology. The company noted it will be applying its proprietary, proven software to be the first Know-Your-Client (KYC) interface on the Polymath Network. Investors will be able to use the Katipult compliance framework in order to provide their KYC, Anti Money Laundering (AML) , Counter Terrorist-Financing (CTF), Accreditation and Suitability information. Approved investors will be able to participate in Security Token Offerings (STO) powered by the Polymath protocol.
Speaking about the nomination, Brock Murray, CEO of Katipult Technology Corp, stated;
“We are proud to be recognized alongside some of the biggest names in the financial world, and I think it speaks to the level of innovation Katipult is bringing to our industry. The global market opportunity for our business is massive and partnering with other talented teams better positions our company to take advantage of it. This validates what we’ve accomplished in our industry to date and it’s very encouraging to see that the industry and our peers are excited about the potential of our collaboration with Polymath”.
The Most Promising Partnership Award finalists are the following:
- Katipult + Polymath Inc
- Macquarie + PeerIQ
- Lending Club + Opportunity Fund
- Intrinio + QUODD
- Financeit + Goldman Sachs
- Minna Technologies + Swedbank