Moody's Partners with Elliptic to Strengthen Risk Management for Virtual Asset Service Providers
Publication Time:2024-08-20 05:21:07
Moody's Analytics, a financial research firm, has partnered with blockchain analytics expert Elliptic to strengthen the risk screening capabilities for Virtual Asset Service Providers (VASPs). This collaboration aims to integrate on-chain and off-chain data, including digital asset transaction histories, financial records, and regulatory databases, to provide a more comprehensive risk assessment of VASPs. The plan is to leverage this information to create an 'integrated risk engine' that can help traditional financial services more effectively address anti-money laundering and compliance challenges. Elliptic's Holistic technology will play a key role in the service, tracking illicit funds across blockchains through an efficient and scalable process.
Blockchain analysis
Elliptic
Moody's
virtual asset service providers
risk screening