Sumsub and Chainalysis joined forces to revolutionise compliance and security

Their partnership aims to enhance regulatory compliance, data security, and automate digital asset transaction monitoring for client companies

Sumsub, a renowned global provider of comprehensive verification solutions, has announced a strategic collaboration with Chainalysis, a leading blockchain data analysis platform. Specializing in transaction monitoring and the travel rule, Sumsub caters to various industries, ensuring regulatory compliance and robust data management. On the other hand, Chainalysis offers cutting-edge blockchain analytics and insights to support compliance and investigation efforts. Their partnership aims to enhance regulatory compliance and data security and automate digital asset transaction monitoring for client companies. By leveraging the strengths of both platforms, the collaboration addresses the growing complexity and strictness of regulations, safeguarding clients against fraudulent activities and money laundering.

Sumsub's wide range of verification services, combined with Chainalysis' blockchain analytics and key management model, provides enhanced privacy and data control, offering a unified solution for digital asset exchanges, peer-to-peer marketplaces, and neobanks involved in cryptocurrency transactions. Moreover, this collaboration signifies a new era of digital compliance for crypto businesses. With expertise in transaction monitoring, analytics, and key management, Sumsub and Chainalysis offer advanced risk management tools, deeper investigation capabilities, and a secure environment for KYC and AML compliance. Jacob Sever, co-founder and Chief Innovation Officer at Sumsub, expressed pride in the partnership with Chainalysis, highlighting its significance in reshaping the landscape of crypto compliance and security. Through this integration, businesses can align with global AML and KYC regulations, fostering trust and confidence in crypto transactions.