ECCB to pilot blockchain tech for KYC, AML with Bitt

The Eastern Caribbean Central Bank (ECCB) and Barbados-based fintech group Bitt are planning to conduct a fintech pilot using blockchain technologies in the ECCB eight member countries. They will develop, deploy and test technology for data management, compliance and transaction monitoring for know your customer (KYC), anti-money laundering (AML) and combatting the financing of terrorism.