Three Crypto Analysis Firms Advance in ‘TechSprint’ RegTech Competition
The fintech showcase has three $50,000 cash prizes for three regtech focus areas.
Aug 10, 2020 at 4:41 p.m. UTCUpdated Aug 19, 2021 at 3:36 a.m. UTC
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindeskuat/XDFRPS2DQVEWNPEM4Q75BJFYAE.jpg)
Three blockchain analysis firms are among the companies shortlisted in the “TechSprint” regulatory technology hackathon co-sponsored by the Bank for International Settlements (BIS) Innovation Hub and the Saudi G20 Presidency.
- Coinfirm, Cylynx, UnBlock Analysis and 17 other companies are building cryptocurrency monitoring, regulatory information sharing and data-mining technologies for the fintech competition. Judges chose 20 finalists from a pool of 128 entries, BIS said Monday.
- The crypto-focused companies are likely building tracing software – perhaps utilizing the artificial intelligence, machine learning and data visualization techniques requested in TechSprint’s problem statement. However, BIS did not provide a competitor breakdown by focus areas.
- A company called BlockFundChain also made the cut, but it was unclear at press time what the firm does, what problem it’s seeking to solve or where it is based.
- TechSprint winners will receive one of three $50,000 cash prizes and a speaking slot at a Singapore fintech festival in November.
STORY CONTINUES BELOW
13:18
Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
05:10
Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
04:07
The first video of the year 2024
40:07
The last regression video of the year 3.67.0
:format(webp)/downloads.coindesk.com/arc/failsafe/user/1x1.png)