IBM makes ecosystem push, promotes blockchain and cognitive computing - DealStreetAsia

Requirements that banks and financial institutions comply with Know Your Customer (KYC) requirements is a global challenge which blockchain technologies hold significant potential to help address. However, NYSE-listed IBM may change this, given that earlier in November it announced an an announcement during the Singapore FinTech Festival about its blockchain project with Singapore fintech startup KYCK!. KYCK! is a startup, co-founded by three Singaporeans to provide users with information pertaining to the Southeast Asian exchanges and access to brokerage demo accounts with easy on-boarding opportunities. As former sales traders, the co-founders personally experienced the inefficiencies of the customer on-boarding process due to stringent financial compliance requirements. This gave them the idea of starting a business that focuses on improving the client on-boarding process and enhancing the overall customer experience by deploying secured and appropriate technology capabilities.