SEI, a tech solution provider in the financial market, has added blockchain platform Coinfirm, risk-assessment firm Neuroprofiler and Enforcd, which uses enforcement data, news, and insights to better identify regulatory risks; to its new Regtech incubator ‘Codify’.

SEI recently launched Codify, a Regtech incubator with multiple startups partaking including the blockchain innovator. Coinfirm will be bringing a technology set to be one of the more important technological innovations for Regtech and the financial system as a whole. This would reduce the infrastructure and compliance costs for financial companies by 50%, says estimates.

“As domestic and international regulation become more complex for all types of institutions, the relevance of this field of work will continue to grow. SEI launched Codify to support promising early-stage businesses that are developing tech solutions to address the world’s growing and demanding regulatory requirements,” stated Ahsan Mallick, general counsel at SEI UK and Executive Sponsor of Codify.

With SEI, Coinfirm that is most well known for their Blockchain AML & Compliance Platform, continues its work with larger players to bring blockchain into the global market at the same time SEI continues to bring new value and solutions to their operations and clients.

“We’ve received great support from SEI and have been really impressed by their open and progressive approach towards bringing the benefits of blockchain technology to the wider financial market. This technology is a once in a generation opportunity and we’re glad SEI recognized how important what we’re doing is and how we can mutually build great opportunities,” Pawel Kuskowsk, co-founder/CEO of Coinfirm said.