Infocredit Group, a leading financial solutions provider, has expanded its portfolio by incorporating Ciphertrace, Mastercard’s robust crypto intelligence provider. This strategic alliance aims to fortify security and fraud detection for businesses through the application of blockchain analytics and compliance solutions.
Services Offered by Ciphertrace:
Ciphertrace provides innovative solutions for the crypto industry, including exchanges, wallet providers, and Virtual Asset Service Providers (VASPs), along with tools for financial institutions to manage crypto-related risk effectively.
Benefits for Infocredit Customers:
Infocredit customers will gain access to Ciphertrace’s solutions, which monitor cryptocurrency and digital asset transactions. This access enables businesses to mitigate risk, protect against fraud, and comply with global regulations.
Significance for the Crypto Economy:
The collaboration between Infocredit Group and Ciphertrace signifies a commitment to enhancing security and transparency in digital transactions, thereby contributing to the strengthening of the crypto economy.
Capabilities of Mastercard Ciphertrace:
Crypto Risk, Due Diligence, & Fraud Detection: Advanced algorithms and analytics for identifying and preventing fraudulent activities, enhancing security and risk management.
AML, Sanctions, and Travel Rule Compliance: Compliance solutions to streamline adherence to anti-money laundering regulations, sanctions requirements, and global “Travel Rule” guidelines.
Financial Investigations: In-depth financial investigations using a vast repository of attribution data, supporting law enforcement and government agencies in combating financial crimes.
Training Services: Comprehensive training programs to educate organizations on best practices for optimal utilization of Ciphertrace solutions.
Tailored Solutions by Ciphertrace:
Armada: Cryptocurrency Risk and Fraud Controls for Financial Institutions.
Inspector: Financial Investigations and Blockchain Forensics.
Sentry: Cryptocurrency AML Transaction Monitoring.
Traveller: Travel Rule Compliance for Virtual Asset Service Providers.
Quote from Infocredit Group CEO:
Theodoros Kringou, CEO of Infocredit Group, emphasized the collaboration’s commitment to detecting risks and building confidence in every transaction, harnessing the power of blockchain analytics.
This partnership demonstrates the continuous efforts to elevate security standards and foster trust within the digital transactions landscape. Infocredit Group’s adoption of Ciphertrace’s solutions is poised to enhance the crypto economy by ensuring secure, transparent, and compliant operations for businesses.
Source: https://www.infocreditgroup.com/content/ciphertrace