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Niklas Bjorkman wrote: Firstly I agree with your conclusion. NewSQL takes the best of the traditional databases and NoSQL databases to combine the benefits of both worlds. I do not agree that NewSQL vendors focus on giving scale-out features to transactional data. The NewSQL market is focusing on giving true ACID support combined with extreme performance, stepping away from the traditional relational structures in databases. A lot of developers appreciate the ease of accessing data using SQL and I think we will see more and more databases supporting standard SQL. As you said - NewSQL databases often maintain the...
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ciValidator Crowdfunding Fraud and Regulatory Compliance Solution Enters Beta
New Single Sign-on Solution Addresses Key Challenges Facing Crowdfunding Portal Owners, Entrepreneurs, Backers and Investors

TEMPE, Ariz., Nov. 26, 2012 /PRNewswire-iReach/ -- ciValidator Corp. today announced readiness to enter the beta testing phase for its namesake automated crowdfunding fraud and regulatory compliance solution. This automated solution is designed to address two major issues facing the rapidly growing crowdfunding market: fraud and regulatory compliance.

(Photo: http://photos.prnewswire.com/prnh/20121126/CG18562)

A recent survey conducted by the Crowdfunding Professional Association (CfPA) and Crowdfund Capital Advisors — as well as general market sentiment — demonstrates a high degree of concern for fraud. This could include financial loss to backers and investors, reputational risk to portals, and international money laundering due to a lack of insight and oversight of those involved in crowdfunding transactions.

ciValidator's fraud module focuses on three key areas that will benefit crowdfunding portals, issuers, intermediaries, brokers and their customers: geographic and device intelligence; identity verification; and market behavior insight.

"Our fraud solution utilizes unique IP address cross-checking, VPN server interrogation, phishing analysis and proxy piercing detection technology to determine if there is a geographic- or device-based risk," said Jeff Crump, ciValidator founder and CEO. "We aggregate this technology-based information with user identity verification and cross crowdfunding site behavior to determine the risk of fraud. This intelligence is fed back to our clients via secure interfaces to ensure their business, customers and reputation are protected in a manner never before possible."

In addition, ciValidator contains the framework to enforce equity crowdfunding investor limits based on the criteria established by the JOBS Act, when it is appropriate. This same flexibility allows ciValidator to swiftly implement any regulatory requirements of other countries as well.

ciValidator is in discussions with several U.S. and foreign crowdfunding portals regarding participation in the limited beta testing program but welcomes others. "We welcome working with additional portals or platform integrators interested in being first to market with the ability to tout the unprecedented degree of protection, oversight and intelligence ciValidator provides," Crump said.

For more information about ciValidator, visit: www.ciValidator.com.

Media Contact: G. C. Steere, ciValidator Corp., 615-828-0575, csteere@civalidator.com

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE ciValidator Corp.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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