( The Proof of Trust or the Company ) LONDON, 27 January 2021 - The Proof of Trust, the world s first globally patented smart contract validation and automated dispute resolution platform, is proud to announce its third Memorandum of Understanding ( MoU ) of 2021 with Ewropa, a Malta based consultancy which advises on EU policy and funding opportunities with respect to green and digital transformation. The Proof of Trust s ground-breaking protocol, built in partnership with IBM, is specifically designed to act as an assurance layer, validating data and preventing invalid or insecure smart contracts from executing. It has a wide utility within the private and public sectors, making The Proof of Trust the perfect partner for organisations and businesses wishing to transition toward fully digital, smart operations.
The MFSA announced its supervision priorities for 2021 earlier this month, building on several of the underlying themes outlined in its three-year strategic plan for 2019-2021, but also adding direct supervisory focus on monitoring the impact of COVID-19 on the financial services sector.
In essence, this means that while several key themes such as corporate governance, financial crime compliance and ICT risk and cybersecurity will continue to dominate the supervisory agenda, banks should also expect deeper assessments on specific areas of interest. These include banks’ analysis, quantification and management of credit risk, as well as the viability of their business models in the post-COVID economy.
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Back in June 2018, legal ambiguity dominated the innovative
technology sector. Before any new laws came into force in Malta to
create some legal certainty relating to innovative technology
arrangements, there was a concerted effort to make sure that one
thing was clear: that the laws on the prevention of money
laundering and terrorist financing would apply to persons acting
within this new space relating to innovative technology,
notwithstanding the vacuum in the area around the world.
Through collaboration between local industry players and the