Business blockchain signatory service Cygnetise raises $1.32M in seed round | KYT DOTSON siliconangle.com/blog/
30 October 2017
… Cygnetise Ltd. announced today a seed funding round of $1.32m led by London-based CALIBRATE MANAGEMENT LTD. to push forward is authorized signatory list management services backed up by blockchain technology.
Authorized signatories are people enabled by a business to perform particular actions, particularly signing documents such as hours worked, checks, contracts and such. Up-to-date lists of people so authorized is an important part of doing business.
Cygnetise’s platform is designed to ease the labor-intensive process of maintaining and verifying lists of authorized signatories by offloading the verification portion onto a distributed ledger technology, or blockchain. Using a blockchain, lists of written and digital signatures can be attributed within a series of transactions that are secured cryptographically and are auditable across the entire organization.
How will using Cygnetise save me time?
○ Amendments to the list can be done on a case by case basis without requiring a complete repackaging of the ASL whenever amendments are required.
○ Distribution time eliminated: Redistribution of updated lists, i.e. emailing, posting, faxing is not required as updates can be viewed immediately by your permissioned counterparts.
○ Communication time reduced.
○ Process time reduction
What are the main benefits of using Cygnetise to manage Authorised Signatory Lists?
○ Easy real time updates of lists.
○ No email, postage, fax distribution required.
○ Improved user controls.
○ Audit trail.
○ Creates a market standard.
What will it mean for my operations, will I need new staff?
○ ….. efficiency within Operations as fewer individuals would be required to maintain the signatory lists thus releasing capacity.
What will it mean for my customers?
○ Your clients … won’t have to maintain physical docs or PDF files. Searching becomes easier and they will receive automatic notifications of any updates.
What impact will it have on my risk management?
○ The risk of fraud (due to misuse / mismanagement of ASLs) is almost completely eradicated.
○ The risk of operational losses due to processes lags reduce.
○ Reputational risk reduces."
34 Threadneedle Street
- 9537 Software
- Company Number
- Private Limited Company
- Company Age
- 2 years
- May 31, 2016
- Nature of Business
- 58290 - Other software publishing
- Year End
- December 31
- Accounts Due
- September 30, 2019
- Latest Accounts
- December 31, 2017
Cygnetise | Authorised Signatory Management on the BlockchainSource:www.cygnetise.com
Cygnetise is the blockchain platform that makes the process of managing and distributing Authorised Signatory Lists efficient and easy.
Cygnetise Limited | LinkedInSource:www.linkedin.com
Learn about working at Cygnetise Limited. Join LinkedIn today for free. See who you know at Cygnetise Limited, leverage your professional network, and get hired.
Contact — CygnetiseSource:www.cygnetise.com
Cygnetise is the blockchain platform that makes the process of managing and ... Cygnetise Limited, 34 Threadneedle Street, 3rd Floor, London, England, EC2R ...
Business blockchain signatory service Cygnetise raises $1.32M in ...Source:siliconangle.com
Oct 30, 2017 ... U.K.-based Startup Cygnetise Ltd. announced today a seed funding round of $1.32 million led by London-based Calibrate Management Ltd. to ...
Cygnetise Helps Companies Easily Manage Authorized Signatory ...Source:techcompanynews.com
Mar 25, 2018 ... Cygnetise is a decentralized web based platform where companies' ... Below is our interview with Stephen Pomfret, CEO of Cygnetise Limited:.
Steve Pomfret - CEO - Cygnetise Limited | LinkedInSource:uk.linkedin.com
View Steve Pomfret's profile on LinkedIn, the world's largest professional community. Steve has 9 jobs listed on their profile. See the complete profile on LinkedIn ...
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