Business Cryptocurrency Fintech News

Unbound & CipherTrace Partner to Advance Anti-Money Laundering Compliance

Akar Inti Secure and Unbound Security Partner to Provide Seamless Cryptographic Key Protection for Southeast Asia

Unbound Tech — the global leader for institution-grade digital asset protection, management, and governance — announced a joint partnership with CipherTrace, the cryptocurrency intelligence leader.

Unbound Tech’s Crypto Asset Security Platform (CASP) already provides tier-1 financial services and global banks with the governance tools to enact cryptographically-defined workflows for all digital asset transactions – including workflows to ensure segregation of authority, anti-money laundering (AML) and fraud regulations are being kept.

Read More: Remitly Partners With Alipay to Offer International Remittances

Now, CipherTrace’s integration will allow top-tier financial institutions not only with the governance tools to manage digital assets, but also with real-time AML and risk tracking for all cryptocurrency and digital asset holdings under their supervision.

“CipherTrace is the world’s leader in cryptocurrency intelligence, with the most comprehensive tracing, risk scoring and threat detection on the market,” said Rocco Donnino, Vice President of Strategic Alliances at Unbound Tech. “Our partnership enables us to deliver a one-stop shop for customer compliance and asset security.”

This partnership will enable institutional custody and exchange providers to manage their digital asset compliance and governance from a unified platform and expand their services beyond the crypto-native sector into the traditional financial services market.

Read More: Invoia Re-Brands, Focuses on Small Businesses With Recurring Revenue

Related posts

EMQ Delivers Real-Time Payments Across South Asia

Fintech News Desk

Ozan SuperApp Now a Member of BKM (Interbank) and Troy

Fintech News Desk

Talkdesk Research Reveals Two-Thirds of Financial Services and Insurance Customers Say One Bad Experience Dilutes Brand Loyalty

Fintech News Desk