BIGG Digital Assets Subsidiary Blockchain Intelligence Group’s BitRank Verified is available on AlphaPoint marketplace to provide risk mitigation and regulatory compliance for cryptocurrency exchanges
BIGG Digital Assets Inc., owner of Blockchain Intelligence Group, a global cryptocurrency compliance and intelligence company, announced a partnership with AlphaPoint, a white-label software company powering digital asset exchanges worldwide. Blockchain Intelligence Group provides AlphaPoint clients a tool for fast, easy and accurate cryptocurrency risk monitoring with BitRank Verified.
Part of Blockchain Intelligence Group’s Compliance Suite, a comprehensive suite of tools for cryptocurrency forensics and real-time risk mitigation, BitRank Verified is a scoring system that helps assess the risk of crypto addresses and transactions. It allows AlphaPoint clients to screen addresses before cryptocurrency transactions are processed, with real-time scoring flags for transactions or addresses associated with terrorism financing, money laundering, human trafficking, and dozens of other flags for criminal activity.
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BitRank Verified gives exchanges visibility to ensure they are not engaging with addresses connected with nefarious activities. Exchanges are protected in real-time from transacting with sanctioned entities and criminal organizations. BitRank Verified clients set their own risk score tolerance to automatically flag high-risk transactions and clear low-risk transactions.
“BitRank Verified makes regulatory compliance as simple as a credit score. In light of growing calls for regulatory changes worldwide, technologies for compliance will be seen as essential to drive business growth,” said president at Blockchain Intelligence Group, Lance Morginn. “We are very excited about our partnership with AlphaPoint to create operating leverage for crypto exchanges with compliance and monitoring.”
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National Digital Asset Exchange (NDAX), a client of AlphaPoint and Blockchain Intelligence Group, has run Bitrank Verified smoothly for over 12 months through AlphaPoint. Prior to that, NDAX was using BitRank Verified independently from AlphaPoint’s platform. BitRank Verified through AlphaPoint creates efficiencies by establishing a strong compliance framework to comply with laws and regulations.
“Today’s fast-changing cryptocurrency market requires multiple solutions for mitigating risk and monitoring important data and forensics,” said Jack Sallen, Co-Founder & VP of Development, AlphaPoint “Through our partnership with Blockchain Intelligence Group, we’re able to provide AlphaPoint clients a secure exchange that allows for both asset management and protection, from a single platform.”
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