Changes in compliance requirements are the highest priority right now at capital markets firms. To date little has been done to address the required changes anticipated. This initiative to address KYC and client on-boarding is one of the earliest attempts to implement a response to the changing regulatory requirements. This announcement of cooperation with two of the largest global banks is a significant one. If successful this offering could take high market share due to its early mover status. We expect to see more announcements of new compliance offerings announced wthin the next six months.