As governments continue to focus on regulating cryptocurrencies, solutions that offer assistance for compliance with those regulations have become more important. The field of RegTech has emerged to meet this need for compliance, and it has been reflected in the launchpads offered by the TrustSwap launchpad program, including Sekuritance.
Sekuritance, a suite of RegTech & RiskTech traditional/DeFi solutions, was recently awarded the KYC Provider of the Year award by both AIBC and Crypto Expo Dubai. The team behind Sekuritance has pushed into so many new fronts that at times, it feels dizzying to just keep track. Let us look into what the company has accomplished over the past six months through the voice of Antonio Bileci, Sekuritance’s Chief Marketing and Business Development Officer.
Can you explain what Sekuritance does in the simplest terms possible?
Sekuritance is a CeFi DeFi RegTech ecosystem, providing compliance tools for businesses and individuals. The $SKRT utility token is the key that unlocks access for businesses and users to perform compliance checks through the Sekuritance Portal. New utilities will be included in the upcoming roadmap updates- being released very soon!
How was the idea for Sekuritance born?
Previously, new crypto projects needed to build and use many different solutions to fight fraud and check for money laundering concerns, whitelists, blacklists, politically exposed people, sanctions, screening, 3D secure, check ETH addresses for mixing and privacy, etc and so many rules on the transaction itself — it was a lot to manage and track. But these are all very important to keeping a business compliant with the regulations and guidelines issued by the various authorities. Sekuritance was born out of a need to streamline these solutions and help businesses and projects around the world who will face these issues now and in the future.
Explain the utility of Sekuritance’s token.
We have ambitious plans for $SKRT in the future, but for now, the main benefits for users who hold $SKRT in their wallet are related to the adopter levels. We recently launched our portal: portal.sekuritance.com – giving power back to the users to be in control of their own data, and to analyze who they are doing business with, be it another individual, or even a business. These tools include – both traditional verification and on-chain checks. The portal has been updated and staking is now available for $SKRT holders. Users are able to utilize their $SKRT to do checks on individuals and businesses across the world directly through our platform. This applies to individuals and businesses alike, large or small. Although these are the current utilities of the $SKRT token, there are a lot more coming up in the new roadmap.
Tell us more about the team behind Sekuritance and their credentials.
Jonathan Camilleri Bowman (CEO & Project Visionary) – Jonathan has over 20 years of commercial software development experience and has spent the last ten years dedicated to enterprise multi-national fintech organizations and product offerings.
Quent Rickerby (CSO) – Quent has over 20 years of experience in FinTech, RegTech and eCommerce. Quent is responsible for the go-to-market strategy, execution, and operations including product management and global community development. Quent joins Sekuritance not only as a CSO but also as a part-owner of the business. Quent has also held several executive leadership roles including MD of Airbnb UK, CEO of OpenPayd, and many more.
Jan Gatt (CTO) – Jan has 13 years of experience in app & platform development for the finance, banking, and gaming sectors.
Antonio Bileci (CMBDO) – Antonio’s professional experience ranges from media, software, iGaming, traditional finance, and marketing, spanning some of the biggest international crypto exchanges and projects.
Roberto Formosa (VP Operations) – Roberto is responsible for leading the operations team and delivering the product and technical roadmap. He has more than 12 years of experience in building and managing large project and operations/product teams from its conceptualization to its launch performance.
Joanne Cutajar (MLRO & Head of Compliance) – Joanne deals with any information, knowledge, or suspicion of money laundering in order to protect the company, its employees, funds, and clients, and to make sure they comply with all applicable regulations.
Gregorio Guccione (Head of Sales) – Gregorio’s been working and building in the crypto and payments industries for over six years.
This is just the core team. We also have the operations team, the tech team, the compliance team, and so forth. The company is growing quickly and we are expanding our staff to match! We currently have around 20 people full-time within the organization.
Why should investors be excited about Sekuritance?
The Sekuritance community is very excited about what we have achieved in the past year. The company is just over one year old and so far we’ve participated and exhibited at over 10 events in 4 countries. We’ve launched over 30+ public sales, 40+ private sales, and verified $80m+ in funds. We’re also starting to cater to projects outside of the crypto sphere. We’ve also expanded the accessibility of our token by going multi-chain. This was done back in December, with the $SKRT token also becoming available on Polygon.
Sekuritance is also working on ancillary products that help projects within the blockchain space develop a token project from ideation to listing on centralized exchanges. The team is looking to the future and building out tools and strategies to support the entire crypto and FinTech sector.
What are the challenges this industry is currently facing? How is Sekuritance solving this?
The Sekuritance solutions were built with traditional technology using REST-based APIs connecting to a bunch of technologies and data-sets – each specialized in their niche (KYC, KYB, geo-IP checking, device-id checks, blacklists, etc) and originally focused on the traditional finance industry. We observed that there was a huge need and gap in the crypto space for these solutions and the need to be prepared for the upcoming tightening of this space, so we wanted to be at the forefront of this race.
We are a business enabler.
The market is full of individual solutions targeting the traditional finance industry but we have yet to find one like ours which not only bridges the two financial realms but also is more individually inclusive as a solution whilst bringing all partners under one roof to deliver a more holistic solution – a true one-stop-shop for managing Regulations, Risk, and Compliance.
Where do you see this industry going next?
Regulation is coming to the crypto space and we are preparing to make compliance easy and affordable. We want to give peace of mind to businesses that, when the time comes, we’ll be there waiting to help out.
Any big news as of late?
Well, the team just released 7 big announcements for Sekuritance during their “7 Days 7 Announcements” campaign. Here are some of the highlights:
- Liquidity Injection on CEXs and DEXs
- The company became PCI DSS Level 1 Certified (A PayTech security standard of the highest caliber of security and compliance)
- The previous MD of Airbnb UK Payments joined Sekuritance’s ranks as the company’s Chief Strategy Officer (CSO)
- Sekuritance announced development of a new crypto tax functionality
- Staking of $SKRT (Polygon) has recently gone live on Sekuritance’s portal
- Sekuritance announced development of new banking solutions and integrations for clients and users
- Sekuritance announced development of identity-based ntNFTs (Non-transferable Non-fungible Tokens)
What’s next on the Sekuritance roadmap for the next three to six months?
We have new partnerships right around the corner that will set us apart. Many prominent people and companies across multiple industries are becoming very interested in our compliance systems. This is just the beginning. We’re averaging around two launches and verifications per week. With so many industries needing compliance, everyone is looking for a strong compliance partner that provides the whole RegTech suite under one roof, including:
- KYC – AML
- KYB – AML
- PCI Certified Vault
- 3DS2 Multi-Factor Authentication
- Third-Party Fraud Watchdog
- On-chain Analysis
- Transaction Monitoring
- Digital Seals of Verification
- And more!!
The company will also be releasing its 18 month roadmap in the beginning of June 2022, so get ready for some big movements in the sphere of RegTech, FinTech, PayTech and of course blockchain.
Where can one buy the $SKRT token?
One can buy the $SKRT token in the following places:
Looking Toward The Future
It’s clear that Sekuritance has become an important player in the RegTech industry and is taking the steps to ensure long-term success. We expect Sekuritance to continue to lead the RegTech space and make headlines in the future.
To stay updated about Sekuritance, follow their announcements via their Twitter and Telegram channels.
