Elliptic and AlphaPoint partner to help strengthen crypto compliance on exchanges worldwide
NEW YORK and LONDON, March 22, 2023 /PRNewswire/ — Elliptic – the global leader in crypto asset risk management – today announced that it has partnered with AlphaPoint, a veteran white label exchange software provider. Together, the companies will be integrated holistically crypto compliance services as a technical integration option to their global customer base of independent digital asset exchanges, brokerages and wallets.
AlphaPoint client exchanges now have the ability to leverage Elliptic for anti-money laundering (AML) compliance using Elliptic’s industry-leading automated crypto wallet and transaction screening.
AlphaPoint’s customers will be able to meet increasing regulatory and law enforcement expectations by leveraging Elliptic’s real-time wallet monitoring tools to pre-screen withdrawals and deposits for potential sanctions and money laundering risks. Automated and customizable risk scoring capabilities will enable AlphaPoint’s white label exchange services to offer robust and efficient compliance tailored to the needs and risks of their clients, including custom risk thresholds that can be easily set up for both deposits and withdrawals.
Elliptic’s configurable risk rules allow exchange clients to define risk in their own way, to process transactions more effectively and efficiently by allocating compliance resources to higher risk transactions and eliminating false positives. These solutions automate compliance workflows and reduce the burden on compliance teams, helping AlphaPoint customers.
“Availability of industry-leading compliance services has never been more important to our global portfolio of clients,” said AlphaPoint’s CEO and co-founder Igor Telyatnikov. “Elliptic is an excellent and well-respected partner who is now helping our customers automate parts of their compliance workflows.”
Elliptic’s solutions are built on hundreds of billions of proprietary data points that offer over 98% coverage of crypto transactions by trading volume, along with the largest collection of crypto exchange risk profiles. Elliptic is used by the largest financial institutions and exchanges globally, helping them not only meet regulatory requirements, but achieve unprecedented efficiency gains in compliance.
About Elliptical
Elliptic is the world leader in crypto asset risk management crypto companies, governments and financial institutions worldwide. Recognized as a WEF Technology Pioneer and backed by investors including JP Morgan, Wells Fargo Strategic Capital, SBI Group and Santander Innoventures, Elliptic has assessed risk on multi-trillion dollar transactions, uncovering activities related to money laundering, fundraising, fraud and other economic crime.
Elliptic is headquartered in London with offices in New York, Singaporeand Tokyo. To learn more, visit www.elliptic.co.
About AlphaPoint
AlphaPoint is a white label software company that operates crypto stock exchanges worldwide. Through our secure, scalable and customizable digital asset trading platform, AlphaPoint has enabled over 150 clients in 35 countries to launch and operate crypto markets, including the first national Bitcoin wallet in El Salvador.
AlphaPoint and its award-winning blockchain technology have been helping startups and institutions discover and execute their blockchain strategies since 2013. Learn more at www.alphapoint.com.
Contact:
Amanda Abarno
[email protected]
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SOURCE Elliptical
