Envoy Group Enhance Blockchain Supply Chain with KYC Hub Partnership

Envoy Group, a blockchain supply chain company, has announced a partnership with KYC Hub. This team-up aims to leverage the KYC Hub’s business verification, workflow management, anti-money laundering, and know your customer (KYC) solutions to help Envoy Group onboard its legacy clients onto the company’s trade platform. With a successful $13 million raise and launch, Envoy Group has embarked on various integrations and partnerships including a team-up with PurpleTRAC, Pole Stars governance solution, early on in March. Envoy Group blockchain supply chain solution is built upon the enterprise software company, R3’s Corda blockchain platform. With this blockchain enhancement, Envoy Group has advanced global supply chains and brought about new levels of efficiency to global trade finance. The company has been able to achieve this by focusing on injecting vital liquidity, facilitating digitization and promoting transparency. KYC Hub, on the other hand, is a UK-based startup that uses its advanced AI and data intelligence tools to help firms to curtail the menace of financial crimes and fraud. The Hub provides its clients with useful tools like customer risk rating, pattern-based entity matching, payment screening, transaction monitoring, and a slew of other products like biometric verification solution, corporate verification and monitoring amongst many others.