Risk and Capital Compliance Solutions (RiskCapCom), a RegTech firm, has announced its partnership with Apollo Fintech (a leading blockchain innovator that offers fintech solutions) to acquire and bid blockchain-powered contracts in Asia, Middle East, Africa, and other global locations.
This integration will help to develop a fully integrated compliance solution and reporting system for crypto-based organizations. It will be the world’s first banking compliance solution backed by CBDC (Central Banking Digital Currency) and E-Government solutions. Both the platforms verged forward to provide robust RegTech and Fintech solutions to the global blockchain industries.
CBDC has the potential to power an economy, and therefore, the Pacific governments are on the verge of exploring new ways to adapt the compliance management and reporting software solutions, which will help to build a cashless economy in the days to come.
RiskCapCom is an Australian fintech organization that offers compliance management and reporting system for various central banks and commercial banks. It has recently deployed a compliance and reporting system in the Central Bank of Russia that manages over 800 banks. RiskCapCom has also deployed its indigenous software solutions in banks of Hong Kong, New Zealand, Australia, Saudi Arabia, amongst others.
Apart from strengthening the global financial sectors and increasing the finance sectors’ compliance quality and crypto-based organization, this partnership between the two leading firms (Apollo Fintech and RiskCapCom) will help reduce bureaucracies, thereby strengthening the global economy at large.