Sygna took advantage of the European Blockchain Convention 2022 (EBC 2022) to connect with current and potential partners and clients in Barcelona. The two-day event emerged as the perfect setting for participants to get to know stakeholders and seek consensus on the way forward for the blockchain sector.
CoolBitX, Sygna’s parent company, used the ECB 2022 to foster awareness and networking for both its AML compliance product suite Sygna and its groundbreaking cold storage brand, CoolWallet. It should be noted that Sygna recently helped VASPS Independent Reserve and Coinhako to get a MAS license to operate in Singapore. The firm’s crypto AML range helps users’ VASP meet global crypto regulations with confidence. Its touted for ease of use, industry-best ISMS standards, and total user data privacy.
Sygna has teamed up with other crypto AML firms like Elliptic, Chainalysis, Coinfirm, and ComplyAdvantage to simplify the compliance end-user experience as well as client resources as much as possible. It launched the Sygna Hub – an integrated and modular AML compliance platform for clients to streamline various services into one easy-to-use dashboard, or for VASPS requiring more automation. The firm is commended for its ability for quick implementation – Sygna’s biggest USP over competitors.
Integrations Remain a Challenge
Mriganka Pattnaik, the co-founder and CEO of Merkle Science, outlined that in the path toward mass institutional adoption of crypto, integration remains a major challenge for the industry. He said travel rules, sanctions screening, and blockchain analytics play key roles in the fight against illicit activity in crypto. Pattnaik highlighted that Sygna Hub platform brings about integration and communication between previously siloed parts of this objective. Michael Ou, founder and CEO of CoolBitX said the Sygna team has once again demonstrated that they understand VASP’s compliance pain points and how to alleviate them through intelligent product design.