Ongoing developments in financial technology have required industry participants such as financial institutions and service providers to adapt or risk falling behind. As a result, compliance obligations for financial institutions have increased in number, complexity, and rigor.
The Shyft Network’s blockchain-based distributed ledger technology has the potential to streamline, cut costs, and reduce the risks inherent in traditional compliance systems.
In today’s digital world, sharing your personal identification with service providers, government agencies and financial institutions is just the cost of entry. Your personal information is subject to being compromised.