Aug 10, 2020

Three Crypto Analysis Firms Advance in ‘TechSprint’ RegTech Competition Aug 10, 2020 at 16:41 UTC (Shutterstock) Three Crypto Analysis Firms Advance in ‘TechSprint’ RegTech Competition 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 were 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. Read more about... Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies . CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.