Ruth Wandhofer has a unique position to influence the compliant adoption of blockchain and cryptoassets as she bridges two worlds in her roles at a traditional multinational corporation, Citigroup, and the blockchain regtech startup Coinfirm.
As the Global Managing Director at Citigroup, Regulatory, Market & Innovation Strategy, Ruth helps one of the world’s most established financial institution look into a future that she believes will be shaped by blockchain. As a Coinfirm board advisor, Ruth helps a fast-growing startup support major corporations with compliance solutions that raise confidence in that the world of cryptoassets is maturing and ready to meet its bright future.
“People have to get ready for the next big thing,” said Ruth. In her spare time she pursues a PhD on blockchain/distributed ledger technology in relation to financial market infrastructures.
“I operate at the nexus of financial services, regulation and technology, paving the way for the digital financial ecosystem of the future,” she says, adding she is passionate about FinTech, RegTech and the creation of new markets.
The key to success bridging the divide is trust. And Ruth says she immediately recognized how Coinfirm could “help the financial world change in the right way” from her first meeting with CEO Pawel Kuskowski that ended in a 90-minute passionate exploration of how to evolve the ecosystem.
Pawel has straddled the traditional and crypto financial worlds too. Prior to co-founding Coinfirm he was the global head of anti-money laundering operations at Royal Bank of Scotland when it was one of the top ten banks in the world.
“If the objective is to find integrity and professionalism, you don’t need to look further than Pawel. He is in the crypto and startup space now but he has been inside a bank and he is an AML expert.”
Ruth’s decade-plus experience as a global executive at one of the world’s premier financial institutions has elevated her to become a leader in the regulatory space with particular knowledge and insight into blockchain applications, Ruth supports Coinfirm accelerating the process of creating the global standard for anti-money laundering and counter-terrorism financing compliance in the cryptocurrency space and speeding up its adoption by regulators and financial institutions all over the world.
“I am excited to support Coinfirm in the growing space of blockchain technology, where risk management, compliance and data analytics are the backbone for creating sound solutions and systems for the future.” Ruth said about joining Coinfirm’s Advisory Board.
Coinfirm recently added another feature to the AML/CTF Platform with the release of their AMLT. The Token of Compliance, AMLT is designed to enhance transparency and democratization within the financial system by allowing market participants to help determine the potential risk of others as well as act as a utility token, allowing the holder access rights to the Coinfirm AML/CTF Platform and a range of prepaid products. The AMLT public sale begins December 12th at 3pm UTC and is available directly through the AMLT site (https://amlt.coinfirm.io)