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Morpheus Labs $MITx collaborates with PriceWaterhouseCoopers SG co-developing smart compliance solutions.... " and this is just a start, expect a lot more to come..." #regtech #smartcompliance
WHY IS THIS A BIG DEAL? Follow me
WHY IS THIS A BIG DEAL? Follow me
First, for those who don't know what PWC is... Founded in 1854. PwC ranks as the 2nd largest professional services network in the world. 276k employees worldwide. One of the big 4. Valued at $42b(!). DYOR -> http://www.pwc.com
To conclude: PWC is gigantic. It belongs to the biggest firms in the world. $MITx partners/collaborates with PWC SG, please believe me: this is the biggest stamp of approval you can get as a blockchain business. This is really, really, really big.
FYI: It takes a very long time to officially partner/collab with a company like PWC:
- They will due D the company, inside-out
- Assess credibility, financial strength, technical capability, business plan
- go through many rounds and layers, local approval to global approval
- They will due D the company, inside-out
- Assess credibility, financial strength, technical capability, business plan
- go through many rounds and layers, local approval to global approval
To conclude: you don't 'earn' a partnership or collaboration of PWC easily. This can take years. The public image of PWC is so important that they won't let a partnership damage their reputation. That's why they are extremely cautious and strict. $MITx got a big GO from PWC!
The rumors where already there. Very interesting what some @oddgems community member had to say earlier on before this $MITx news dropped:
Morpheus Labs released a press release. In this press release we can read they co-developed a Smart Compliance, a regulatory compliance automation tool using the Robotic Automation Process (RPA) to replace traditional paper-based compliance management and monitoring processes.
https://medium.com/morpheus-labs/morpheus-labs-supported-pwc-in-developing-a-smart-compliance-application-to-help-staff-focus-on-ae94d4f9c128
$MITx
$MITx
Earlier $MITx released an article about RegTech where they state: "RegTech market stands to increase from $10.6 billion in 2017 to $74 billion by 2022." https://medium.com/morpheus-labs/reinventing-regtech-with-blockchain-technology-2b3c2676fb3
Acting in a $74b growing market, side by side with one of the biggest companies in het world and in this field PWC is a huge thing alone. $MITx
Checking the Linkedin page of Morpheus Labs gives additional insights... For those who're doubting about how legit this news is.... We see important people here: PWC, SAP, IBM, Alibaba, Deloitte.. congratulating $MITx with this partnership....
"And this is just the beginning", Morpheus Labs employees and ambassadors stated that there would come another press release about the partnership/collaboration later on. Let's continue from there. For now.... please realize how big and bullish this is. Huge opportunity $MITx.
