BIG Blockchain Intelligence Group Inc. ("BIG") Engages ATB Financial Services in Pilot Project for Risk Assessment & Compliance of Crypto-Mining Client Activity

VANCOUVER, British Columbia, May 01, 2018 (GLOBE NEWSWIRE) -- BIG Blockchain Intelligence Group Inc. ("BIG" or the "Company") (CSE:BIGG) (WKN:A2JSKG) (OTC:BBKCF), a leading developer of Blockchain technology search, risk-scoring and data analytics solutions, is pleased to announce it has engaged ATB Financial (ATB) - the largest Alberta-based financial institution, with assets of $50.7 billion - in a pilot project designed to explore and identify opportunities around risk assessment and compliance related to crypto-mining client activity. The pilot project will enable ATB Financial to evaluate firsthand BIG's proprietary cryptocurrency verification product, BitRank Verified^TM, and the Company's blockchain investigation security platform, QLUE^TM.

Crypto-mining plays a vital role within the Cryptocurrency eco-system and the open, distributed ledger that is the blockchain. Crypto-miners help to complete blocks of transactions on the blockchain and, in turn, generate new coins. Crypto-miners and other organizations in the emerging cryptocurrency market are seeking to work with financial institutions and regulators to ensure that their operations and business activities meet eligibility requirements for securing banking services.

ATB Financial will utilize BIG's comprehensive suite of security and forensics tools for evaluating the operations of Crypto-mining companies and assessing the risk management and compliance obligations in order to understand how they can support crypto-mining businesses in terms of providing banking services, consistent with their mission to support Alberta entrepreneurs.

This collaborative project will include: on-site training and orientation by BIG's professional support team; application of BIG's BitRank Verified^TM and QLUE^TM products to mining operations; a gap analysis against expected risk management and compliance practices; and the development of go-forward recommendations and plan.

"We're excited for this opportunity to work collaboratively with a large, respected and innovative financial institution like ATB Financial," said BIG CEO, Lance Morginn. "This pilot project will enable us to put our tools to work on a unique case study that's squarely focused on managing financial risk and compliance, which are two of the primary benefits we bring to the financial sector. The project also aligns perfectly with BIG's goals of bringing trust to this new era of money while creating a clearer path to mainstream acceptance and usage of cryptocurrencies."