Sumsub, a global full-cycle verification provider, has announced its integration with Chainalysis, the world’s leading blockchain data platform. This exciting partnership combines Sumsub’s Transaction Monitoring and Travel Rule solutions with Chainalysis’ extensive blockchain analytics platform and services, creating a unified workflow that enhances regulatory compliance, secures data storage, and automates crypto transaction monitoring for client companies.
With crypto regulations becoming increasingly stringent and sophisticated, it is vital for businesses operating in the crypto industry to stay compliant and protect themselves against fraudsters and money launderers. Sumsub’s integration with Chainalysis, along with its Bring Your Own Key (BYOK) management model, paves the way for a new era in digital compliance. This collaboration ensures that client companies can seamlessly streamline their KYC, AML, and transaction monitoring processes while maintaining privacy and control over their data.
Crypto exchanges, peer-to-peer marketplaces, and neobanks that interact with crypto for their customers can now set up automated crypto transaction monitoring and advanced analytics through one unified dashboard. Sumsub’s integration with Chainalysis provides them with the tools necessary for deeper investigations and effective risk management. By incorporating Chainalysis’ key management model into the Sumsub full-cycle verification platform, businesses can enhance their security measures and align with global AML and KYC regulations.
“We are proud to work with Chainalysis, the leading blockchain intelligence provider in the world. This partnership enables us to offer our customers access to over one billion mapped addresses across multiple blockchains, powering Sumsub’s Transaction Monitoring and Chainalysis crypto risk solutions,” comments Jacob Sever, co-founder and Chief Innovation Officer at Sumsub. “Through this integration, businesses can reshape the landscape of crypto compliance and security, fostering trust and confidence in crypto transactions.”
Chainalysis’ Chief Marketing Officer, Ian Andrews, adds, “Partnering with Sumsub, a leading identity verification and fraud prevention platform, is another step towards bringing greater trust and transparency into the crypto world. By integrating Sumsub’s platform with our crypto risk solution, we are providing the next generation of digital infrastructure for security and compliance controls in the crypto industry. Together, we strive for the cryptocurrency economy to flourish.”
This collaboration between Sumsub and Chainalysis marks a significant milestone in the field of crypto compliance. By combining their expertise and technologies, they are leading the way towards a more secure and transparent crypto industry. As regulations evolve, businesses can rely on this powerful integration to navigate the complex landscape of crypto compliance and ensure the integrity of their transactions.
Frequently Asked Questions (FAQ)
1. What is Sumsub?
Sumsub is a global full-cycle verification provider that offers solutions for identity verification, transaction monitoring, and fraud prevention.
2. What is Chainalysis?
Chainalysis is the world’s leading blockchain data platform, providing extensive blockchain analytics and risk management solutions.
3. What does the integration between Sumsub and Chainalysis offer?
The integration combines Sumsub’s Transaction Monitoring and Travel Rule solutions with Chainalysis’ blockchain analytics platform, enabling automated crypto transaction monitoring, regulatory compliance, and secured data storage for client companies.
4. How does this integration enhance digital compliance for crypto businesses?
By streamlining KYC, AML, and transaction monitoring processes in one unified dashboard, businesses can easily comply with crypto regulations and protect themselves against fraud and money laundering.
5. How does the integration prioritize privacy and data control?
Through Sumsub’s Bring Your Own Key (BYOK) management model and Chainalysis’ key management solution, businesses can enhance privacy and maintain complete control over their data.
6. Who will benefit from this collaboration?
Crypto exchanges, peer-to-peer marketplaces, and neobanks that interact with crypto for their customers will benefit from automated transaction monitoring, advanced analytics, and effective risk management tools.
7. How does this integration shape the future of crypto compliance?
The collaboration between Sumsub and Chainalysis sets a new standard for crypto compliance and security, fostering trust and confidence in crypto transactions by aligning businesses with global AML and KYC regulations.
Sources:
– Sumsub: [sumsub.com](https://sumsub.com/)
– Chainalysis: [chainalysis.com](https://chainalysis.com/)
1. What is Sumsub?
Sumsub is a global full-cycle verification provider that offers solutions for identity verification, transaction monitoring, and fraud prevention.
2. What is Chainalysis?
Chainalysis is the world’s leading blockchain data platform, providing extensive blockchain analytics and risk management solutions.
3. What does the integration between Sumsub and Chainalysis offer?
The integration combines Sumsub’s Transaction Monitoring and Travel Rule solutions with Chainalysis’ blockchain analytics platform, enabling automated crypto transaction monitoring, regulatory compliance, and secured data storage for client companies.
4. How does this integration enhance digital compliance for crypto businesses?
By streamlining KYC, AML, and transaction monitoring processes in one unified dashboard, businesses can easily comply with crypto regulations and protect themselves against fraud and money laundering.
5. How does the integration prioritize privacy and data control?
Through Sumsub’s Bring Your Own Key (BYOK) management model and Chainalysis’ key management solution, businesses can enhance privacy and maintain complete control over their data.
6. Who will benefit from this collaboration?
Crypto exchanges, peer-to-peer marketplaces, and neobanks that interact with crypto for their customers will benefit from automated transaction monitoring, advanced analytics, and effective risk management tools.
7. How does this integration shape the future of crypto compliance?
The collaboration between Sumsub and Chainalysis sets a new standard for crypto compliance and security, fostering trust and confidence in crypto transactions by aligning businesses with global AML and KYC regulations.
Sources:
– Sumsub: sumsub.com
– Chainalysis: chainalysis.com
The source of the article is from the blog trebujena.net