Today Sumsub, a global full-cycle verification provider, announces its integration with the Chainalysis blockchain data platform.
This partnership combines Sumsub’s Transaction Monitoring and Travel Rule solutions with Chainalysis’ extensive blockchain analytics platform and services, enabling regulatory compliance, secure data storage and automated crypto transaction monitoring for corporate clients.
Sumsub’s integration with Chainalysis and the Bring Your Own Key (BYOK) management model paves the way for a new era in digital compliance for crypto businesses, providing unified workflows and automated transaction tracking through a secure channel. As crypto regulations become more stringent and sophisticated, this partnership ensures that customers stay compliant and keep fraudsters and money launderers at bay.
Now, crypto exchanges, peer-to-peer markets, and neobanks that interact with cryptocurrencies for their customers can build automated crypto transaction monitoring and advanced analytics for deeper investigations and effective risk management in a single dashboard. With a Chainalysis key management model built into the Sumsub full-cycle verification platform, they can improve privacy and take full control of their data, seamlessly streamlining their KYC, AML and transaction monitoring processes in one go.
“We are proud to partner with Chainalysis, the world’s leading blockchain intelligence provider. This partnership enables us to offer access to over one billion mapped addresses across multiple blockchains to those customers using Sumsub’s Crypto Chainalysis and Transaction Monitoring solutions,” comments Jacob Sever, Sumsub’s Co-Founder and Chief Innovation Officer . “Sumsub’s enhanced solution capabilities, integrated with Chainalysis’ key analysis and management model, are reshaping the landscape of cryptocurrency compliance and security in the digital domain. Through this integration, businesses can align with stringent global AML and KYC regulations, enhancing trust and confidence in cryptocurrency transactions.”
“Partnering with Sumsub, a leading identity verification and fraud prevention platform, is another step for us in the direction of increasing trust and transparency in the cryptocurrency world. By developing an integration between Sumsub’s platform and crypto risk solution, we provide next-generation digital infrastructure for security and compliance audits in the crypto industry. Together, we are fighting for the cryptocurrency economy to flourish,” adds Ian Andrews, Chief Marketing Officer of Chainalysis.