RiskMS joins Spanish blockchain consortium Alastria

Source: RiskMS

RiskMS, tech company specialized in compliance and the first Spanish RegTech, has joined the Alastria consortium with the aim of collaborating with a semipublic Blockchain network that permits to develop products and services based on blockchain technology and according to the current regulations.

By doing so, RiskMS will participate in the investigation and development of solutions based on blockchain technology that will help organizations comply with regulatory obligations concerning AntiMoney Laundering and Financial Sanctions and Operational Risk Management, favoring transaction security and generating new business opportunities.

"From a Compliance point of view, Blockchain technology poses a real challenge of which we want to be a part of. We face a new scenario based on the exploration of new ways of defining digital identity, verification and validation of operations. To be a part of the Alastria consortium means to collaborate with big players of different industries for the creation of a Blockchain network in which we can provide our compliance expertise and our experience with technology adapted to industries such as banking, insurance or real estate", says Roberto de la Cruz, RiskMS Managing Director.
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