NEW YORK, June 22, 2020 /PRNewswire/ — Chainalysis, the blockchain evaluation firm, at the moment introduced its partnership with Banco Topázio, a Brazilian Bank that companies conventional and Fintech shoppers. Below the phrases of the settlement, Banco Topázio may also use Chainalysis Reactor, the corporate’s investigations resolution, to conduct enhanced due diligence on the cryptocurrency companies it supplies with banking companies, together with overseas exchange, Bank as a Service API options, and deposits and withdrawals.
Though cryptocurrency regulation has not but been finalized in Brazil, Banco Topázio is investing in compliance know-how and establishing finest practices forward of enforcement of FATF tips.
“As one of many first monetary establishments brazenly banking cryptocurrency companies in Brazil, Banco Topázio helps to guide the accountable development of the cryptocurrency trade in Brazil,” stated Jason Bonds, Chief Income Officer, Chainalysis. “By working with us, Banco Topázio is setting the compliance customary forward of the regulatory curve.”
“We’re continuously evolving our exchange processes, in search of technological excellence, a professional group, and software of one of the best market practices,” stated Lia Thomazzi Susin, Topázio Trade Supervisor. “And the partnership with Chainalysis contributes loads on this course of, additional strengthening the safety and integrity of our operations with cryptocurrency.”
Chainalysis Reactor is the investigation software program that connects cryptocurrency transactions to real-world entities, enabling cryptocurrency companies and legislation enforcement to fight felony exercise resembling fraud, extortion, and cash laundering on the blockchain.
“Chainalysis Reactor helps us validate our clients’ exercise via the monitoring and evaluation of their transactions, all publicly registered on the blockchain,” stated Raíssa Sanguinetti, exchange analyst at Banco Topázio.
Chainalysis serves as a strategic companion to monetary establishments, governments, and cryptocurrency companies around the globe, offering experience on refined cryptocurrency crime and cash laundering ways, strategies, and procedures. By Chainalysis Reactor, monetary establishments like Banco Topázio, legislation enforcement, and cryptocurrency companies can shortly and effectively establish suspicious transactions and join them to real-world entities.
About Chainalysis
Chainalysis is the blockchain evaluation firm offering knowledge and evaluation to authorities companies, cryptocurrency companies, and monetary establishments throughout 40 nations. Our investigation and compliance instruments, training, and assist create transparency throughout blockchains so our clients can have interaction confidently with cryptocurrency. Backed by Accel, Benchmark, and different main names in enterprise capital, Chainalysis builds belief in blockchains. For extra data, go to www.chainalysis.com.
About Banco Topázio
Topázio is a part of the Correa da Silva Group and has been current within the monetary market since 2005, first as a monetary establishment and turning into a bank in 2009. With out a bodily company, it’s genuinely a digital bank.
In 2017, Topázio remodeled its enterprise in gentle of the impression of the web and new applied sciences on the monetary sector and the demand from clients for a greater expertise. It targeted on enhancing its channels, modernizing its merchandise, and creating new views for motion.
At the moment, Topázio focuses on providing merchandise aimed toward people and corporations with credit score, overseas exchange, and funding strains; and for Fintechs, a Bank as a Service resolution that makes its banking methods accessible via APIs and goals to remodel the monetary sector in an modern and lasting method.
SOURCE Chainalysis, Inc.
Associated Hyperlinks
http://www.chainalysis.com
