Miami – February 1, 2019 – Preventor Financial Technology, the industry’s only comprehensive “Know Your Customer/Anti-Money Laundering” (KYC/AML) SaaS offering with built-in collaboration and customer self-service capabilities for global regulatory compliance, today announced that Hash Labs, Inc. has chosen the Preventor SaaS solution to address core regulatory compliance management of its innovative, new digital payment platform, Coro™.
Created using next-generation distributed ledger technology, Coro is a decentralized application expected to disrupt and transform the global financial landscape through the delivery of a redeemable, stable, scalable and transparent digital currency backed 100% by physical gold.
Mark Goode, Chief Executive Officer of Hash Labs, noted, “In anticipation of Coro winning fast market approval and adoption, we are committed to preventing the use of our platform as a conduit for money laundering, terrorist financing, and other illicit activities. To that end, we sought to team with an industry-leading provider of end-to-end KYC/AML compliance technology capable of being configured to suit our specific business needs and unique platform requirements. Following extensive due diligence on competitive solutions available in the market, Preventor quickly emerged as the obvious choice for Coro. In addition to being impressed with the depth of Preventor’s team’s industry knowledge and expertise, we have come to appreciate and greatly value the robust capabilities of the Preventor SaaS solution and the numerous benefits and advantages it will afford our Company.”
“We are pleased to be teaming with Hash Labs to help it attain and support best industry practices in global regulatory compliance and transparency for Coro.” said Timothy R. Myers, Chief Executive Officer, Preventor. “Our highly collaborative partnership with Hash Labs is yet another demonstration of the strength and value that Preventor is bringing to organizations of all sizes and scope through the application of our leading-edge financial crime risk management technologies. We look forward to measurably contributing to the success of Hash Labs and its revolutionary Coro digital payment platform.”
About Hash Labs, Inc.
Hash Labs is a technology development company focused on creating cryptographically secure, highly innovative Fintech solutions for governments, multi-national corporations, financial institutions, and consumers. The Company’s premiere solution is Coro, a next-generation digital payment platform that is 100% backed by the stability of physical gold and underpinned by advanced distributed ledger technology known as Hedara Hashgraph. Coro will enable physical gold to safely and securely be used in digital format as a store of value, unit of account and medium of exchange. For more information, please visit www.hashlabs.net and www.coro.global.
About Preventor Financial Technology, Inc.
Preventor is the only provider of a full, globally available and configurable KYC/AML Platform delivered in the cloud. Preventor delivers its KYC/AML SaaS offering through three capabilities, Preventor SaaS, Preventor ID, and Preventor Share bringing a full set of traditional capabilities to a new networked approach to distributed self-service onboarding capabilities. Preventor Financial Technology applies leading-edge thinking and cross-vertical expertise to protecting institutions and safeguarding consumers and investors in this complex world of regulatory compliance. For more information, find us at www.preventor.com or reach out to us at [email protected].