VANCOUVER, British Columbia, April 25, 2018 (GLOBE NEWSWIRE) --BIG Blockchain Intelligence Group Inc.("BIG" or "the Company") (CSE:BIGG) (WKN:A2JSKG) (OTC:BBKCF), a leading developer of Blockchain technology search, risk-scoring and data analytics ...
VANCOUVER, British Columbia, April 25, 2018 (GLOBE NEWSWIRE) -- BIG Blockchain Intelligence Group Inc. ("BIG" or "the Company") (CSE:BIGG) (WKN:A2JSKG) (OTC:BBKCF), a leading developer of Blockchain technology search, risk-scoring and data analytics solutions, is pleased to announce it has entered into a reseller agreement with SHS VIVEON AG (SHWK:GR Xetra) for BIG's proprietary cryptocurrency risk-scoring service: BitRank Verified(TM).
Under the agreement, SHS VIVEON will integrate the BitRank Verified(TM) service into its software-based customer management platform to help assess client risk and provide enhanced virtual currency transaction transparency and confidence. SHS VIVEON's software solutions that will be integrated with BIG's BitRank Verified(TM) service include DebiTEX (credit management), GUARDEAN RiskSuite (risk management) and proofitBOX (payment method control in e-commerce). BIG will receive fees for all virtual currency transactions processed through SHS VIVEON's platform that utilize BitRank Verified(TM).
Founded in 1991, and headquartered in Munich, Germany, SHS VIVEON offers solutions for risk and credit management, including customer assessments to minimize default risks. With a staff of over 130, SHS VIVEON serves clients in the banking sector and other financial service providers, as well as trade and industry-based clients.
With BIG's proprietary technology integrated into SHS VIVEON's platform, BitRank Verified(TM) will:
- deliver transparency regarding the source, legitimacy and risk of transactions
- support SHS VIVEON's efforts to comply with AML (Anti-Money Laundering) standards
- provide SHS VIVEON's users with confidence that transactions are not involved with or implicated in criminal activities
"This exciting reseller partnership is perfectly aligned with our long-term global vision and on-going international expansion efforts," said BIG's CEO, Lance Morginn. "With an established presence in Germany, Austria and Switzerland, SHS VIVEON will contribute to establishing BitRank Verified(TM) as the industry standard in ranking and verifying cryptocurrency transactions in the European market and across their projects spanning over 30 countries. We're looking forward to working with their team and providing all the necessary support to incorporate our service into their platform."
SHS VIVEON's CEO, Axel Kock, commented: "We greatly appreciate the opportunity for a long-term working relationship with BIG and their security services. Given the high dynamics of the cryptocurrency world, it makes sense for us to start taking advantage of BitRank Verified(TM) as soon as possible so that we can jointly achieve success in Europe. Our clients are motivated to avoid fraud and manage their risk around payment options, and BIG will enable us to better provide the level of assurance and insight they are demanding."
On behalf of the Board,
Chief Executive Officer
About BitRank Verified(TM)
BIG developed BitRank Verified(TM) to offer the financial world a simplified front-end results page, enabling consumer-facing bank tellers, exchanges, eCommerce sites and retailers to know whether a proposed transaction is safe to accept, questionable, or should be denied. BitRank Verified(TM) is custom tailored to provide the FinTech sector with a reliable tool for meeting regulatory requirements while mitigating exposure to risk of money laundering or other criminal activities. BIG's goals are to bring trust to this new era of money while creating a clearer path to mainstream acceptance and usage of cryptocurrencies by bridging the gap between users and global standards set by regulators.
About SHS VIVEON AG
SHS VIVEON AG offers software-based customer management solutions for risk and credit management as well as multi-channel CRM. The applications and consultancy services offered by SHS VIVEON allow companies to control the potential and risks of their clients in a professional and automated manner. This helps them establish lasting customer relationships and achieve a clear competitive advantage in the digital world. SHS VIVEON is listed on the Munich stock exchange in the m:access segment. Besides Munich, the company also has sites in Düsseldorf, Mühldorf, Stuttgart, Vienna (Austria) and Zug (Switzerland).
About BIG Blockchain Intelligence Group Inc.
BIG Blockchain Intelligence Group Inc. ("BIG"), has developed from the ground up a Blockchain agnostic search and analytics engine, QLUE(TM), allowing RegTech, law enforcement & government agencies to trace, track and monitor cryptocurrency transactions at a forensic level. Our commercial product, BitRank Verified(TM), offers a "risk score" for Bitcoin wallets allowing banks, exchanges and eCommerce sites to meet traditional regulatory/compliance requirements.
Investor Relations - United States
KCSA Strategic Communications
Valter Pinto, Managing Director
Scott Eckstein, VP of Market Intelligence
P: (212) 896-1254
Investor Relations - Canada
Skanderbeg Capital Advisors
P: (604) 687-7130
BIG Investor Relations
P: (778) 819-8705
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Certain statements in this release are forward-looking statements, which include completion of the search technology software and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward- looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, and other factors, many of which are beyond the control of BIG. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Undue reliance should not be placed on the forward-looking information because BIG can give no assurance that they will prove to be correct. Important factors that could cause actual results to differ materially from BIG's expectations include, consumer sentiment towards BIG's products and Blockchain technology generally, technology failures, competition, and failure of counterparties to perform their contractual obligations.
The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, BIG disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, BIG undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Big Blockchain Intelligence Group Inc. via Globenewswire
Source(s) : Big Blockchain Intelligence Group Inc.
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