iComply Investor Services, a Canadian blockchain regulatory compliance startup, has hired former Thomson Reuters exec, Greg Pinn, as it’s new head of strategy.
Pinn was the previous head of the firm’s risk intelligence and financial crime screening platform and has already taken up his new post.
Started in 2017, iComply aims to leverage blockchain in order to strengthen adherence of industry businesses to know-your-customer (KYC) rules, which many executives claim forms a weak link in the industry.
This marks iComply’s second high-profile hire, with Jeff Bandman, former US regulator, having joined the firm’s advisory board last April.
Bandman was a senior official with the Commodity Futures Trading Commission (CFTC), and hs lobbied at the US Securities and Exchange Commission (SEC) on the benefits of adopting blockchain technology.
Pinn later said of his new post:
“iComply is going to change the way we think about compliance … I am proud to be leading the charge as we redefine what compliance means to build a better, more efficient capital market.”