Digital Finance Institute and MindBridge AI announce relationship to bring transparency to digital currencies for integrity and to reduce financial crime
TORONTO, Dec. 4, 2017 /CNW/ - The Digital Finance Institute, the leading think tank for financial technology innovation and MindBridge AI, today announced a strategic relationship to provide a suite of financial crime and anti-fraud analysis services online, CoinWatch, that will analyze digital currency coins and digital currency financial services.
"Over US$2.3 billion has been invested in initial coin offerings in 2017 globally and there is a growing need for the pubic to have transparency and integrity," said Christine Duhaime, the founder of the Digital Finance Institute and a well-known financial crime lawyer. "The digital currency ecosystem would benefit from financial crime analysis to safeguard the financial system, protect capital markets and the public. Partnering with MindBridge AI's leading artificial intelligence technology will allow us to analyze ecosystem participants, provide transparency and build trust in digital currency financial transactions, including ICOs."
MindBridge's artificial intelligence technology enables organizations to analyze various types of transactions to detect errors in financial data and uncover anomalous patterns of activity. "The Digital Finance Institute is at the forefront of all matters related to preserving trust in financial markets," said Eli Fathi, MindBridge AI CEO. "We are delighted that the Digital Finance Institute recognizes the value offered by the MindBridge AI Auditor and we look forward to continuing to advance the adoption of artificial intelligence in the financial service sector."
The Digital Finance Institute will launch the CoinWatch service in 2018 to address integrity and to combat financial crime involving digital currency financial transactions and new coin and token offering and listings. CoinWatch will be available to the public, financial institutions, investors, government agencies and law enforcement.
About Digital Finance Institute
The Digital Finance Institute is a global think tank for inclusive financial technology.
For More Information: http://www.digitalfinanceinstitute.org/
About MindBridge™ AI
MindBridge™ AI is a FinTech company based in Ottawa, Canada. Through the application of machine learning and artificial intelligence technologies, the MindBridge platform detects anomalous patterns of activities, unintentional errors and intentional financial misstatements.
For More Information: www.mindbridge.ai
SOURCE Digital Finance Institute
Media Contact: Ellis Odynn, [email protected]; Media Contact: Dipalli Bhat, [email protected]
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