Through this agreement, client businesses may benefit from automated crypto transaction monitoring, secure data storage, and regulatory compliance thanks to the combination of Chainalysis' broad blockchain analytics platform and services with Sumsub's Transaction Monitoring and Travel Rule solutions.

By offering unified workflows and automated transaction monitoring through a secure channel, Sumsub's integration with Chainalysis and its Bring Your Own Key (BYOK) management paradigm open the door for a new era in digital compliance for cryptocurrency enterprises. This collaboration makes sure that clients stay compliant and deters fraudsters and money launderers as crypto regulations get more complex and rigorous.

Now, under a single, unified dashboard, cryptocurrency exchanges, peer-to-peer marketplaces, and neobanks that deal with cryptocurrency on behalf of their clients may set up automated monitoring of cryptocurrency transactions and powerful analytics for more thorough investigations and efficient risk management. They may improve privacy and regain total control over their data by integrating a Chainalysis key management model into the Sumsub full-cycle verification platform. This allows them to streamline their KYC, AML, and transaction monitoring procedures all at once.

"We are honored to collaborate with Chainalysis, the world's top supplier of blockchain intelligence. Through this agreement, we can provide Sumsub's Transaction Monitoring and Chainalysis crypto risk solutions users with access to over one billion mapped addresses across numerous blockchains," says Jacob Sever, co-founder and chief innovation officer of Sumsub. The improved capabilities of Sumsub's solution, when combined with the analytics and key management architecture of Chainalysis, are changing the face of crypto compliance and security in the digital sphere. Businesses can comply with strict international AML and KYC rules thanks to this integration, which promotes trust and confidence in cryptocurrency transactions.

"We are taking another step in the direction of increasing trust and transparency in the cryptocurrency space by partnering with Sumsub, a top identity verification and fraud prevention platform. We are offering the crypto sector next-generation digital infrastructure for security and compliance controls by creating an integration between Sumsub's platform and our crypto risk solution. We all want to see the Bitcoin economy grow," says Chainalysis Chief Marketing Officer Ian Andrews.