Multi-Service Agreement Between BIG Blockchain Intelligence Group and SBI Holdings' SBI BITS is Signed

    BIG Blockchain Intelligence Group Inc., better known as BIG, is a provider and developer of tools that allow companies to examine risk-scoring and data analytics of cryptocurrencies.

    Seeking the support of BIG, SBI BITS decided to enter a multi-service client agreement for use of their QLUE forensics platform for crypto, along with their BitRank Verified risk-scoring service for transactions.

    SBI BITS is a subsidiary of SBI Holdings, Inc., and their new agreement with BIG shows the culmination of their collaborations.

    First, SBI BITS participated in the testing of BIG’s services, as well as the reviewing of the on and off chain information that relates to BIG and separates it from other services.

    Considering the substantial set of compliance solutions that BIG brings to the table, SBI is able to easily employ the same regulatory compliance for VCTRADE, their crypto trading platform.

    The BitRank Verified service is already integrated into the crypto platform, helping with the AML checks required of it. While using QLUE, SBI will be able to further their forensic investigations regarding transactions performed with Bitcoin or Ether.

    Just the fact that BIG is involved is enough to help reduce crypto risks, improve the confidence that customers have in SBI, and improve transparency in transactions.

    According to a press release from Blockchain Intelligence Group, CEO of BIG, Lance Morginn said,

    “We’re very excited to count SBI Bits among our clients. SBI group has been consistently applying leading-edge technologies – such as BIG’s BitRank Verified and QLUE services – to SBI’s financial businesses to enhance their competitiveness and quality of service, resulting in efficiency improvements and the expansion of their services.

    BIG’s services will help SBI: deal with cryptocurrencies and cryptocurrency transactions with greater transparency and security; in meeting increasingly demanding compliance regulations; engage in Anti-Money Laundering (AML) detection efforts; and perform forensic investigations. We’re looking forward to working closely with the world-class team at SBI to bring greater security and accountability to their cryptocurrency-related ventures.”

    CEO and President of SBI Holdings, Yoshitaka Kitao added,

    “It is good to have BIG’s services integrated into our businesses. Since our founding, we have achieved continual growth by aggressively utilizing new technologies. Today, we’re on the threshold of a new phase of growth driven by the emergence of next-generation technologies such as blockchain, distributed ledger technology (DLT), AI and big data.

    In the case of our VCTRADE cryptocurrency trading service, given the compelling size of our existing customer base, we believe that we will quickly emerge as the industry leader, which is why it is important to have BIG’s services in place. We look forward to all the ways we can benefit from BIG’s services as we move forward.”

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    Krystle M
    Krystle is an American cryptocurrency blogger that wants to see the future of crypto and blockchain technology evolve. She has been writing about cryptocurrency for about a year, with a special interest in blockchain technology and regulatory measures around the world. While away from writing and learning about the changes in the cryptocurrency industry, she likes to indulge in science fiction novels and further her experience in playing both guitar and piano.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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