Blockchain
Relio Launches Crypto-Friendly Business Accounts for Web3 Firms
Relio Introduces Crypto-Friendly Business Accounts for Web3 Companies
Relio, a neo-bank focused on serving SMEs and startups, has launched crypto-friendly business accounts tailored for Web3 companies. This initiative aims to support businesses with complex models and those involved in international transactions, addressing a service gap often neglected by traditional banks. Relio’s advanced compliance technology is designed to simplify the banking experience for blockchain startups and crypto firms, reducing the bureaucratic hurdles typically faced in the Web3 sector.
A New Banking Approach for Complex Business Models
Launched last fall with a fintech license, Relio has expanded its focus to become a supportive partner for SMEs, freelancers, and startups, especially those with unique needs due to complex business models or global operations. Traditional banks often struggle to accommodate such companies, which do not fit the standard SME profile. Relio aims to fill this niche by providing customized banking solutions that meet these enterprises’ specific requirements.
Addressing the Needs of Crypto Companies in Switzerland
Despite Switzerland’s reputation as a hub for blockchain innovation, many blockchain startups and crypto companies still face significant challenges in accessing banking services. Traditional banks often lack the necessary expertise to manage Web3-related businesses, leading to lengthy onboarding processes and high fees. Relio aims to alleviate these issues by offering more accessible and cost-effective banking solutions, ensuring that Crypto Valley remains supportive of blockchain innovation.
Innovative Compliance Solutions
Relio promises “compliance without complications” to blockchain and crypto companies. Compliance and anti-money laundering (AML) regulations often lead to extended delays in account opening due to intensive due diligence and monitoring processes. Relio’s proprietary compliance technology automates many of these tasks, significantly reducing the time and effort required. By investing heavily in its technological platform, Relio caters specifically to the Web3 industry, providing a competitive advantage that simplifies banking processes for its customers.
Expansion Driven by Market Demand
Relio’s CEO, Lav Odorovic, notes substantial demand from the Web3 sector. The company’s decision to expand its offerings to this segment leverages its technological focus on compliance and AML capabilities. This strategic move aims to serve the Web3 industry in a compliant manner while minimizing bureaucratic burdens, addressing challenges that traditional banks often fail to meet.
Fostering Innovation and Growth in Crypto Valley
Relio’s introduction of crypto-friendly business accounts is a significant step towards fostering innovation and growth within the Web3 industry. By offering tailored banking solutions that address the unique needs of blockchain startups and crypto companies, Relio helps ensure that Crypto Valley remains a thriving hub for technological advancements. This move underscores Relio’s commitment to supporting the financial needs of innovative companies and contributing to the overall development of the blockchain ecosystem.
Pioneering a New Era of Banking for Web3
Relio’s launch of crypto-friendly business accounts represents a pioneering effort to bridge the gap between traditional banking and the evolving needs of the Web3 sector. Through advanced compliance technology and a focus on reducing bureaucratic barriers, Relio is set to become a crucial partner for blockchain startups and crypto firms. This initiative not only enhances the banking experience for these companies but also reinforces Crypto Valley’s status as a leading center for blockchain innovation.
Source: cointrust.com
The post Relio Launches Crypto-Friendly Business Accounts for Web3 Firms appeared first on HIPTHER Alerts.
Blockchain
UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System
The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.
Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.
“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”
ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.
“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”
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