Client Fabric Tech, a provider of an anti-financial crime ecosystem, and Dhiway, a pioneer in enterprise decentralized identity technologies, have jointly announced a groundbreaking partnership aimed at enabling businesses to directly connect with and access the data they require from the legitimate data owners. This collaboration harnesses Dhiway’s Layer-I CORD blockchain platform and its verifiable credentials capability to empower data owners to assert control, derive benefits, and contribute to the greater good with their data assets. Leveraging Client Fabric’s TruData platform, businesses can establish direct connections with clients (data owners) and acquire essential data, effectively eliminating the friction associated with anti-financial crime due diligence and enhancing operational efficiency.
Financial crime, which underpins some of society’s most egregious offenses and disrupts individuals and enterprises, necessitates a robust approach to address its challenges, especially in the rapidly growing digital and online commerce landscape. This partnership represents a significant stride toward employing verifiable credentials and due diligence technology to instill trust among clients, businesses, and the community.
Pradeep KP, CEO and Co-Founder, highlighted the strategic significance of the partnership, stating, “the partnership brings strategic value to the application platform development work at Client Fabric Tech – which focuses on empowering data owners and businesses to fight financial crime. Our partnership with Client Fabric underscores the versatility of #MARK Studio and the CORD Layer -I Blockchain Platform to be extended in impactful real-world applications.”
Arun Kiezpadathil, Founder at Client Fabric Tech, emphasized the partnership’s relevance by sharing his firsthand experience, stating, “Having led global anti-financial crime teams over the last 20 years, one of the biggest causes of friction, cause of delays with projects derailed, poor client and employee experience was our inability to access the data we needed. Our Co-Founder Pallavi has experienced this first hand working as a Private Banker over the last 20 years and working directly with clients. Pallavi spent over 40% of her time brokering data conversations between clients and AFC teams as opposed to serving clients. Businesses globally spend billions on buying data from data vendors and yet are unable to source the data businesses need and we want to address this inefficiency, said Arun Kiezpadathil, Founder at Client Fabric Tech. “Our partnership with Dhiway gives us access to a verifiable credentials infrastructure that supports population-scale, assured performance, and a team that is committed to making a difference.”
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