ACTICO Compliance Suite enables crypto business investigation through integration
London & Immenstaad, March 30 2022 – Actico, an international provider of digital decision-making software using Artificial Intelligence, is entering into a strategic partnership with Coinfirm, a leading crypto anti-money laundering and analytics company. Through the new alliance, banks and financial service providers will be able to analyze and assess money laundering risks for crypto transactions directly within the ACTICO Compliance Suite.
Coinfirm provides companies with a risk assessment system for crypto businesses and transactions that continuously evaluates transactions from more than 5,600 crypto asset coins and tokens and more than 14,000 blockchain entities with hundreds of proprietary risk indicators. Banks and financial service providers use the software to read financial transactions from blockchain data and assign them to individual actors. The integration into the ACTICO Compliance Suite enables financial companies to now examine crypto transactions for money laundering risks in addition to traditional transactions.
Coinfirm works with relevant industry associations worldwide to provide feedback on the effectiveness of current and future anti-money laundering and counter-terrorist financing regulations. As such, Coinfirm is ideally placed to assist the Actico ecosystem in complying with global and country-specific crypto AML/CTF guidelines.
“Partnering with Coinfirm gives our customers in the financial industry the advantage of being able to communicate with Coinfirm software directly from within the ACTICO Compliance Suite. This gives them access to robust analytics data from the blockchain. We are very pleased to be able to offer our customers this extension to the Actico Compliance software,” said Thomas Knöpfler, Managing Director of Actico GmbH.
“We very much welcome this news. Actico’s well-known compliance solution and Coinfirm’s crypto RegTech solutions make this partnership so strong that the market presence of both companies will benefit,” expects Dr. Mircea Mihaescu, CEO of Coinfirm. “With this partnership, Coinfirm strengthens its existing market-leading position as a provider of AML risk analytics software and services in Europe and beyond.”
Coinfirm’s AML Platform for crypto assets is powering the mass adoption of blockchain by monitoring and blacklisting funds from ransomware hacks, human trafficking, sanctions evasion and terrorist financing – amongst other crimes – by risk scoring entities, addresses and transactions.
Coinfirm’s risk management platform and services are used by governments, financial institutions, custodians, payment providers, investment funds and exchanges. The 5,600+ protocol-supporting AML Platform utilises 330+ proprietary risk algorithms to provide a seamless, scalable solution to stringent regulatory requirements for both CeFi and DeFi.
Founded in 2016, Coinfirm is headquartered in London, UK, with the company retaining offices in Canada, U.S., Poland, France and Japan. Over 250 entities have trusted the company to provide RegTech solutions to stay in compliance.
For more information, please visit https://www.coinfirm.com
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Actico is a leading international provider of software for intelligent automation and digital decision-making. The company provides world-class software and tools used in a variety of industries that improve day-to-day decision-making and end-to-end automation.
Actico‘s solutions are used to manage risks, meet regulatory compliance obligations, prevent fraud, improve digital customer loyalty and optimize operations. They combine human knowledge and artificial intelligence with powerful automation technology. The adaptive, cloud-based software helps companies gain agility, drive business excellence and achieve higher customer satisfaction.
With years of experience serving businesses worldwide, Actico has a proven ability to process large amounts of data and develop reliable, robust, and scalable applications. Actico technology is used by companies on almost every continent, from small and medium-sized businesses to Fortune 500 companies.
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