Regtank announced as winner in Huawei Spark Ignite 2022 FinTech category
SINGAPORE, 13 October 2022 /PRNewswire/ — Regtank Technology was awarded the winner for the FinTech category and overall runner-up in the Huawei Spark Ignite 2022 Global Startup Competition presented by Huawei, a leading global provider of information and communication technology (ICT) infrastructure and smart devices.
Several criteria are used to judge the Huawei Spark Ignite Global Startup Competition, including relevance, service model, technology USP scalability and limitations, and others. Using their global platform and accelerator program, the FinTech category Huawei Spark Ignite 2022 Global Startup Competition seeks to accelerate startups with disruptive business models and innovative use of technology in the finance and insurance sector to the next level.
“This is a very exciting win and the team is delighted to be recognized as the winner of the Top 3 Startup and FinTech Award among the 1,500 applicants for the Huawei Spark Ignite 2022 Global Startup Competition. This is a testament to our commitment to our customers and we are grateful for the recognition. The team will continue to improve our solution to deliver on our vision of making compliance easy for our customers.” — Megan LeeFounder and CEO, Regtank Technology Pte Ltd
Highly regarded and appreciated by our customers, Regtank Compliance Solution has benefited organizations by saving at least 30% on costs and increasing efficiency by saving time. We help customers reduce human errors and reduce risks through automation and standardized system processes.
Regtank Compliance Solution covers the entire AML process for fiat currency transactions and cryptocurrency transactions; ensure compliance regulations are consistently met and fraud is eliminated in the digital environment. Our blockchain analytics and adaptive transaction monitoring tools help detect AML risk conditions more accurately in on-ramp and off-ramp transactions that run in real-time and are applied across the entire network of most of the prominent chains.
Regtank aims to empower FinTech companies, especially the cryptocurrency industry, to effectively manage their entire compliance program on a single platform with higher efficiency and lower costs.
About Regtank
Regtank is the leading provider of a one-stop software-as-a-service compliance solution, revolutionizing the compliance landscape. By adopting a risk-based approach (RBA) that incorporates KYC, KYB and KYT into a single consolidated platform, Regtank has innovated a comprehensive and advanced AML/CFT smart risk assessment engine that can automatically classify the risk of individuals tailored to the risk matrix of the clients. Regtank currently offers risk assessment and management, screening, record keeping, ongoing due diligence, transaction monitoring and blockchain analyses. For more information you can visit us at https://regtank.com/.
SOURCE Regtank Technology Pte Ltd
