The ZignSec group's CTO, Daniel Grech, has the floor

‍Enabling innovation in reliable and scalable technology

My work aims for the group to be at the forefront of the rapidly evolving RegTech market by offering best-in-class KYC and KYB-focused technology. Our overarching strategy revolves around innovation, enabling us to roll out new products and add service providers to our platform quickly and reliably.

We maintain a software architecture based on microservices and use multiple programming languages to allow us to combine technologies efficiently. This enables us to use the right tool for the job at hand and enhances the speed and quality of our development. The role of our architecture is to stimulate innovation, not constrain it, and this is our continued focus.

Our strategy is to manage all technology infrastructure as code. This allows us to rapidly spin up new environments and predictably create, change, and improve our infrastructure.  

We also run our platform using tools that enable us to automate our containerised applications' deployment, scaling, and management. Our environments are constantly monitored using various automated and manual techniques and alerts.

Ensuring availability, reliability, and customer data security

We understand that downtime to our customers is not acceptable, and we focus heavily on the availability and reliability of our services. This starts at development time through automated testing across our codebase, continues at build and deployment time through the enforcement of quality checks, and ends with the proper monitoring of our systems in a production setting.

Our commitment to privacy is paramount, and we build every feature with a privacy-first mindset. We consider security vulnerabilities before developing any feature and ensure that any PII (Personally Identifiable Information) is processed and stored in a privacy-centric manner. Moreover, we use encryption techniques to ensure data safety in transit and at rest and implement defensive measures in our cloud-based environments.

Work in progress leveraging emerging technology

We are currently working on various initiatives to improve existing products and services and develop new value propositions for our customers. One of our vital ongoing initiatives is to standardise all existing products into our latest architecture and environment, eliminating legacy codebases simultaneously. This will improve the quality of such services and allow us to stay competitive by needing to maintain fewer variants of our overall architecture.  

We aim to efficiently automate as many aspects of our offerings as possible. Therefore, we're constantly on top of the latest developments in machine learning and artificial intelligence and use them extensively in our products and services. For example, our automated document scanning solution uses computer vision to identify a document and ensure it hasn't been tampered with. Another example is the employment of NLP (Natural Language Processing) to clear false positives in adverse media checks.

A few closing words for continued success

In conclusion, the RegTech space is still in its infancy, and the future of the regulatory world will be primarily technology-driven. We aim to be at the forefront of this transformation by contributing to and forming part of such technological innovations. With our focus on innovation, reliability, privacy, and efficiency, we are confident in delivering our customers best-in-class KYC and KYB-focused technology.  

We are committed to continuously improving our products and services while maintaining a privacy-first mindset and staying ahead of the rapidly evolving RegTech market. By prioritising our customers' needs and providing them with a swift and efficient Time to Value, we will sustainably generate revenue for the Group and maintain our position as a market leader in the RegTech industry.