VANCOUVER, Feb. 28, 2018 /CNW/ - Katipult Technology Corp. (TSXV:FUND), an industry leading and award-winning fintech company, is honoured to announce that it has been nominated, alongside Polymath Inc., for the Most Promising Partnership Award at the second annual Lendit Fintech Industry awards in April. The Katipult-Polymath 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.
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.
Katipult 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.
"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," said Brock Murray, CEO of Katipult Technology Corp. "The global market opportunity for our business is massive and partnering with other talented teams better positions our company to take advantage of it."
Murray continued, "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".
A full list of the Most Promising Partnership Award finalists:
- Katipult + Polymath Inc
- Macquarie + PeerIQ
- Lending Club + Opportunity Fund
- Intrinio + QUODD
- Financeit + Goldman Sachs
- Minna Technologies + Swedbank
Katipult is a financial technology (FinTech) company offering proprietary, cloud-based software infrastructure that allows firms to design, set up, and operate an investment platform across multiple distribution channels - including web, mobile, and social media. Katipult is being used in over 20 unique regulatory environments to grow investor networks, efficiently manage investors, and streamline deal-flow administration.
Polymath (https://polymath.network) is an interface between financial securities and the blockchain, simplifying the process for issuers to overcome the complex technical and legal challenges of a successful token launch. Polymath's security token protocol aims to emerge as a new standard for blockchain-based securities tokens.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release, including statements regarding the integration of blockchain technologies constitute forward-looking statements. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company, including that the Company will be able to successfully incorporate blockchain technology. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors may include, among others, the Company will not be able to successfully integrate blockchain technology. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.