Mr Warwick Powell Concluding Consultancy Services Providing Strategic Support
Brisbane, June 21, 2018 AEST (ABN Newswire) - Byte Power Group (
ASX:BPG) advises that Mr. Warwick Powell is concluding his consulting services that provide strategic support to Byte Power. Mr. Powell was appointed in November 2017 as the cryptocurrency exchange strategic advisor to support the enabling of a world class cryptocurrency exchange including design, fast tracking of its development and assist with ensuring appropriate compliances are achieved with all required regulations.
Since his appointment the following have been achieved -
- an Australian Financial Services License (AFSL) partner has been successfully identified and secured;
- an industry-leading "Know Your Client" (KYC) technology expert service provider was identified and has been secured;
- a development and service agreement with Noetic Synergy Sdn Bhd was executed;
- applications for registration with AUSTRAC have been submitted;
- a formal KYC / AML / CTF risk assessment and program development process has been instituted, laying the groundwork for best practices and continuous improvement.
Mr Powell's role will reach completion on 20th July 2018 being a one-month notice period to enable a smooth transition.
On behalf of the company and shareholders, the BPG Board thanks Mr Powell for his contribution.
About Byte Power Group Limited
Byte Power Group Limited (ASX:BPG) is a diversified technology solutions group with a particular emphasis on securing Asian business opportunities.
Through Wimobilize, the Group has a new cutting edge technology solution, a proprietary Advance Hybrid Artificial Intelligence Big Data Technology Platform consisting of 31 Advance Analysis Engines, 4 levels of Hybrid Correlation and Al Profiling Algorithms customised for governmental, healthcare, banking, telco and tourism industries. This proprietary Big Data technology platform elevated the AI Predictive Analysis and deep insight intelligence to a new paradigm, applicable to any market segment.
This Wimobilize Big Data technology powered e-commerce ecosystem will provide the next generation innovative trading platform for distributing the Company's Australian wine, organic honey and honeycomb.
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