Hacks seem to be showing up in the news right and left. A hack is an intentional attack on a system to get access to private information that the attackers are not supposed to have access to. They can be carried out by a single person or a group of people. Some hacks require skill, and some not so much. The best route of action for cyber-attackers, though, is looking for weaknesses in systems so they can be exploited—a weakness resulting from human negligence. It’s information that is left unsecured enabling third parties to see it if they wanted to. What kind of data a hacker wants and what he or she wants to do with it will generally define who their lucky victim is going to be.

For organisations, know your customer (KYC) is all about finding efficient ways to prove that potential customers are who they say they are. Organisations need secure and reliable information to ensure they are providing accurate services to their customers. For individuals, they want more ownership of their data and simple onboarding processes to ensure an exceptional customer experience occurs and trust is developed. Between this, an effective KYC solution should be in place to ensure these transactions between organisation and customer are secure and frictionless.

What a year 2018 has been! We've seen some incredible growth and developed some invaluable partnerships. With the holiday season just around the corner, we've taken some time to reflect on everything we've done and accomplished throughout the year. From launching our products and token sale to attending incredible events - you can read all about our 2018 year in review below.

Auckland, NZ, December 10th, 2018 - SingleSource, pioneers in decentralised identity and risk scoring, have secured a R&D grant from Callaghan Innovation, New Zealand’s innovation agency, to help fund the development of the company’s decentralised digital identity and risk scoring platform.

Hong Kong is a popular city to conduct business in Asia, particularly for SingleSource and Sylo, who went back for the second time a few weeks apart.

Kelvin Chandran, SingleSource CEO, took some time to answer some questions about his recent trip to Hong Kong, and discuss the exciting opportunity to exhibit at the largest Fintech Festival in Singapore next week.

Australian accreditation follows SingleSource’s approval as an Intermediary to verify identity documents by New Zealand’s Department of Internal Affairs.

Auckland, NZ, November 1st, 2018 - SingleSource, New Zealand’s pioneer in decentralised identity and risk scoring has announced that it will partner with specialist insurance company, Delta Insurance to integrate SingleSource’s Know Your Customer (KYC) service to reinforce their holistic cyber security solution.

Auckland, NZ & Dundalk, Ireland, October 24th, 2018 - SingleSource, New Zealand’s pioneers in decentralised identity and risk scoring are deepening their relationship with GECKO Governance - the world’s first Blockchain RegTech regulatory solution for financial compliance.

Tokyo, Japan & Auckland, NZ, October 18th, 2018 - SingleSource, pioneers in decentralised identity and risk scoring have partnered with Japanese Internet of Things (IoT) provider Jasmy to integrate SingleSource’s Know Your Customer (KYC) product into its platform.

Auckland, NZ, & Liechtenstein, October 11th, 2018 - Eloom, a leader in asset-backed token investment in renewable energy infrastructure, and SingleSource, pioneers in decentralised risk scoring and identity verification, are pleased to announce that eloom will use SingleSource’s Know Your Customer (KYC) service to simplify its investor on-boarding and provide transparency on the source of funds invested in its platform during its Initial Token Offering (ITO).