Ibanera Partners With CipherTrace to Strengthen Crypto Compliance
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MIAMI, April 13, 2021 /PRNewswire/ -- Ibanera, a licensed global fintech service provider, today announced a partnership with CipherTrace, a leading cryptocurrency intelligence company, to enhance Ibanera's cryptocurrency Anti-Money Laundering (AML) and Know Your Transaction (KYT) compliance solution.
Ibanera's global platform gives customers secure next-generation Digital Asset banking technology that provides for virtual currency and stablecoin transactions including USD Coin (USDC). This new collaboration with CipherTrace strengthens the security and integrity of Ibanera's comprehensive suite of cryptocurrency KYT tools and services.
The automated CipherTrace Cryptocurrency AML platform gives a broad, high-resolution view of the cryptocurrency transaction landscape, and uses this to provide actionable intelligence for AML investigation and compliance. It integrates both open- and closed-source intelligence, and leverages proprietary clustering algorithms to rapidly aggregate and correlate a variety of indicators, and then provides users with actionable attribution.