Global verification provider Sumsub has partnered Elliptic to bolster its crypto transaction monitoring and Travel Rule solutions.
The integration of Elliptic's blockchain analytics into Sumsub's platform offers enhanced tools to screen cryptocurrency wallets, identify fraudulent activity, and assess risk in transactions.
The partnership aims to address the rising blockchain-related crime and help companies gain a complete view of blockchain transactions, better protect their users, and meet regulatory requirements.
Clients can connect their Elliptic subscriptions to Sumsub's system using a Bring Your Own Key (BYOK) model, ensuring control over data and simplifying workflow.