Bangalore: Client Fabric Tech, an anti-financial crime ecosystem provider and Dhiway, a frontrunner in providing enterprise decentralised identity technologies, announced today the launch of a partnership to enable businesses to connect with and source they need directly from the owners of the data. Through this partnership, Client Fabric will leverage Dhiway’s Layer I CORD blockchain platform and the verifiable credentials capability to empower data owners to Own, Earn from and Do Good with their data. Client Fabric’s TruData platform will enable businesses to connect directly with clients (data owners) and source the data critical to removing the friction caused by anti-financial crime due diligence and achieving effectiveness.
Financial crime fuels some of the worst crimes against society and causes serious disruptions to individuals and businesses. The projected growth in digital and online commerce makes a robust set of approaches to handle these challenges imperative. Our partnership is a step towards using verifiable credentials, the due diligence technology and the skills needed to foster trust in clients, businesses and the community.
“ The partnership brings strategic value to the application platform development work at Client Fabric Tech, which focuses on empowering data owners and businesses to fight financial crime,” said Pradeep KP, CEO and Co-Founder. “Our partnership with Client Fabric underscores the versatility of #MARK Studio and the CORD Layer -I Blockchain Platform to be extended in impactful real-world applications,”
“Having led global anti-financial crime teams over the last 20 years, one of the biggest causes of friction, cause of delays with projects derailed, poor client and employee experience was our inability to access the data we needed. Our Co-Founder, Pallavi, has experienced this first-hand, working as a Private Banker over the last 20 years and working directly with clients. Pallavi spent over 40% of her time brokering data conversations between clients and AFC teams as opposed to serving clients. Businesses globally spend billions on buying data from data vendors and yet are unable to source the data businesses need, and we want to address this inefficiency, said Arun Kiezpadathil, Founder at Client Fabric Tech. “Our partnership with Dhiway gives us access to a verifiable credentials infrastructure that supports population-scale, assured performance, and a team that is committed to making a difference.”
Dhiway is reshaping the digital future through population-scale technology solutions. We enable enterprises & government bodies to solve key challenges by driving data certainty & creating friction-free ecosystems. CORD, our Layer – enterprise blockchain framework, is the foundation for reimagining digital transactions. The company has an application for digitally verifiable credentials called the #MARKStudio built on the CORD platform.
About Client Fabric:
Client Fabric is on a mission to fight financial crime and fuel commerce. We believe lack of access to data, siloed due diligence tech, and lack of access to skilled professionals (to foster trust in data owners and businesses) fuels some of the worst crimes against society and impacts commerce. We are building an ecosystem to bring together all of the capabilities needed to empower (with data), enable (with technology) and engage (with CDDPs) data owners and businesses on a single fabric, the Client Fabric.