Coinfirm, a London-based leading compliance and blockchain analyst provider, has announced its partnership with Atomtrans Tech Corp. to strengthen the security and transparency of the blockchain economy.
By deploying Coinfirm’s advanced AML Platform to protect the trading of its customers from crypto laundering risks, the partners will identify and trace criminals who attempt to use crypto trading on the internet to conceal their illicit activities. Coinfirm’s accuracy in AML Risk Reporting, real-time monitoring of all transactions, and fully functional End-to-End AML Solution will help Atomtrans Tech Corp to combat crypto crimes.
In today’s financial world, the word remittance is often heard across the globe. Cross-border payment transactions are referred to as their remittance economy. Currently, it is a costly and slow process that involves only a few people overseeing the transaction process.
Blockchain technology makes this process faster and more cost-effective, enabling the transfer of money without the involvement of any third parties. With this complementing process, major players in the finance sector consider blockchain as a solution to a more preferred user experience.
“By partnering with Atomtrans Tech Corp., Coinfirm can leverage crypto-native AML solutions to the critical element of remittances in the global economy, furthering the mass adoption of blockchain. Blockchain brings a much-needed efficiency innovation to this sector whilst increasing the effectiveness of combating financial crime, proving yet again the usefulness of this technology,” says Pawel Kuskowski, CEO and co-founder of Coinfirm.
“We are forging more impactful partnerships from the compliance solution sector like Coinfirm. How successful you are, depends on who you partner with. The purpose of this collaboration is to help create a more secure blockchain ecosystem with relevant tools that address daily solutions from both platform and clients,” notes William Liu, COO of Atomtrans Tech Corp.
About Coinfirm
Coinfirm is the world leader in blockchain analytics and regulatory technology solutions, creating the foundation for blockchain and cryptocurrencies’ safe and mass adoption. Coinfirm specializes in blockchain AML/CFT services and fraud investigations. It offers the industry’s largest blockchain coverage, supporting over 1,500 crypto assets. Coinfirm’s solutions are used by market leaders globally, ranging from crypto exchanges such as Binance, and protocols like XRP, to major financial institutions and governments. In addition to the AML Platform, the company’s services also include investigations of crypto frauds and hacks. Coinfirm is the first firm to offer an AML compliance solution to DeFi in the form of the AMLT Oracle.
About Atomtrans Tech Corp.
Atomtrans Tech Corp. (ATC) is a financial service provider licensed and regulated by Bangko Sentral ng Pilipinas (BSP). Since 2017, ATC has found ways to alleviate the payment pain points from overseas cash consumption and remittance patterns, especially in the East and Southeast Asian markets. With a vision to lead in the fintech industry, Atomtrans Tech Corp innovates with modern technology to build a comprehensive financial payment ecology. Formally established in March 2019, Atomtrans Tech Corp offers various digital, blockchain-based payment solutions to multinationals in the Philippines. We successfully rolled out our mobile application, ATC Remittance, where our clients can facilitate remittance and other fundamental payment transactions.
In January 2020, ATC launched ATC Exchange, a virtual currency exchange platform is aimed at providing an avenue for investors to exchange digital currencies at prices determined by the market. Using the ATC Exchange platform, users can receive market data, conduct transactions, and fully manage their accounts. ATC Exchange is committed to providing users with a safe, efficient, and fair experience in digital asset investments.