Cyberfinance knows (almost) no national borders. This also applies to cybercrime and scams. Law enforcement agencies, regulators, and courts can only work within their own jurisdictions. Coordination across national borders is difficult and often impossible. This is true even within the European Union. There is a need for private initiatives like FinTelegram, which collect information from whistleblowers across national borders, evaluate it and forward it to the relevant authorities if necessary.
Whistleblowers are certainly the most important weapon in the fight against cybercrime. U.S. regulators such as the U.S. Securities Commission (SEC) and the U.S. Commodities and Futures Commission (CFTC) know this and maintain whistleblower programs that pay generous rewards for pertinent tips.
The Whistleblower Mission
FinTelegram acts in the public interest with the mission to fight cybercrime and financial fraud in a joint effort with our whistleblower community, which provides the necessary information for this mission and is the single most critical success factor. Therefore, it is only fair to give whistleblowers a stake in FinTelegram’s success and give them a say. To do this, we need to take the company public.
FinTelegram works as a privately organized whistleblower platform. Starting with July 2021, we want to reward and motivate our whistleblower community through the issuance of F42 tokens via the F42 Fund.
Financial Intelligence Technology
In its very essence, FinTelegram is an information technology company focused on financial intelligence services. It collects and analyzes data provided by whistleblowers and other sources and deploys technologies to transfer data into financial intelligence. In the future, FinTelegram plans to work with artificial intelligence (AI) to enhance its intelligence services and improve investor protection in the cyberfinance era.