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Blockchain consortium R3 gains “regulatory acceptance” with financial crime screening solution

New York-based blockchain consortium R3’s successful integration of Accuity’s financial crime screening solution has helped it receive “regulatory acceptance”, which means it can assist financial institutions with financial crime compliance and regulatory requirements, Bharath Vellore, product innovation manager at Accuity, tells Asian Private Banker. “There have been a number of DLT (distributed ledger technology) proof of concepts as banks experiment…

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