Published On: Tue, May 23rd, 2017

Swiss EY Team & Polybius Are Building a ‘Cryptobank’, ICO to Follow

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Swiss EY (Ernst & Young) Partner Daniel Haudenshild, financial services managers Valdemar Scherer and Sven Möller are collaborating with Polybius Bank project’s team to assist in company operations, technology, and legislation. Polybius’ target is to offer a fully regulated, decentralized bank for cryptocurrency enthusiasts and entrepreneurs.
Big Four Auditor EY Interested in ‘Cryptobank’ Project
The Estonia-based startup is targeting the ICO for this month, in a bid to add to the initiative’s growing community support. Ernst and Young, one of the ‘Big Four,’ audit and consulting firms, whose activities involve advisory support to financial institutions expressed interest after Polybius presented its Cryptobank Project at last month’s BlockchainUA conference.
Impressed by the potential of integrating blockchain technology and artificial intelligence into the finance industry, Swiss EY has decided to participate in the banking services revolution being brought about by Polybius. They believe that these new technologies can increase efficiency and profitability while maintaining the banking system’s basic framework.

The Cryptobank project looks to add document circulation on the blockchain and a system for remote verification of the user’s identity for interaction with commercial and …

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