norbloc, the leading blockchain KYC company, in the world's Top-100 most innovative RegTech 2019

STOCKHOLM - Nov. 21, 2018 - PRLog -- Today was announced that norbloc was selected as one of the world's Top-100 most innovative RegTech companies and was included in the 2019 REGTECH100 list. (http://fintech.global/regtech100/).

norbloc's flagship product, Fides, is a revolutionary blockchain KYC platform that allows GDPR-compliant sharing of validated customer data as well as the monetization on KYC efforts among financial institutions and market participants. Fides is a leading production-ready blockchain KYC platform that has already been tested by top-tier global banks and is currently being implemented across financial institutions in Europe and the Middle East.

The REGTECH100 is an annual list of 100 of the world's most innovative RegTech companies. These are the companies every financial institution needs to know about as they consider and develop their mission-critical RegTech and digital transformation strategies. The 2018 REGTECH100 list received worldwide attention. The list has been updated for 2019 in the face of the new regulatory challenges financial institutions are facing. It will help senior management at compliance, technology and innovation divisions sort through all the suppliers and identify companies who are most likely to have a lasting impact on the industry.

Astyanax Kanakakis, CEO & Co-founder of norbloc, said, "We are excited and honored to be included in the prestigious list of REGTECH100 companies that make an innovative use of technology to solve a significant industry regulatory and compliance problem. 2018 was a greatly successful year for norbloc, a year that set high standards for our further growth in a promising 2019. We are continuously expanding our client base, working with top-tier financial institutions and governments in Europe and the Middle East in some of the world's most advanced pilot and production blockchain KYC implementations. Our aim is to give customers full control of their data, enable better regulatory compliance and significantly reduce costs for financial institutions."

For more information, please contact Nikos Patsiogiannis, COO at nikos@norbloc.com or visit the norbloc website at www.norbloc.com

About norbloc:

Founded in 2016 and headquartered in Stockholm, Sweden, norbloc builds regulatory applications on blockchain platforms. Its flagship product, Fides, is a digital solution to KYC processes via a fully regulatory compliant blockchain application that allows for KYC files to be shared among financial institutions, removing duplication of efforts and reducing costs.

The team behind norbloc holds significant experience in blockchain technology development, financial services and consulting from companies such as UBS, Lehman Brothers, ING and McKinsey & Co. The company is a core member of and frequent contributor to the Hyperledger consortium and aside from its headquarters in Stockholm, operates offices in Athens, Greece and Dubai, UAE.

In November 2019, norbloc was recognized as one of the most innovative companies in the RegTech (regulatory technology) space via inclusion in the RegTech 100 list.

About REGTECH100:

The REGTECH100 is an annual list of 100 of the world's most innovative RegTech companies. These are the companies every financial institution needs to know about as they consider and develop their mission critical RegTech and digital transformation strategies.

The 2018 REGTECH100 list received worldwide attention. Companies that won places on the list generated huge awareness among financial institutions. Many were approached directly by banks and other major FIs, while other got a more welcome reception from prospective clients, which has led to new partnerships, new investments and increased sales.

The list has been updated for 2019 in the face of the new regulatory challenges financial institutions are facing. It will help senior management at compliance, technology and innovation divisions sort through all the suppliers and identify companies who are most likely to have a lasting impact on the industry.

A full list of the RegTech 100 is available at www.RegTech100.com. More detailed information on all companies as well as in-depth industry analysis is available in the Global RegTech Review (www.GlobalRegTechReview.com).