LONDON, 11 February 2022 – Taurus, the No.1 digital asset platform for banks worldwide, and Coinfirm, the leading blockchain RegTech and analytics company, are announcing a partnership to enhance the transparency of the digital assets and blockchain economy.
Taurus’ deep footprint with the full spectrum of financial institutions: systemic banks, investment banks, private banks, or neo banks makes the company an ideal partner for Coinfirm’s ecosystem of VASPs, FIUs and legal professional services that deploy advanced AML/CFT analytics. Through the Coinfirm collaboration, Taurus-PROTECTTM – Taurus’ custody solution – continues to give clients more choice to manage anti-money laundering and fraud risks, in full compliance with applicable laws and regulations.
“Coinfirm is a recognized European blockchain RegTech leader with innovative anti-money laundering solutions. We are pleased to integrate Coinfirm risk analytics to provide greater trust and transparency to our banking clients. – Victor Busson, CMO and head of strategic partnerships
“Taurus is a core pillar of the global traditional finance and FinTech community in the digital assets space. As the crypto market matures with a strengthening of involvement by those entities, Coinfirm seeks to welcome new and traditional financial service providers into the space with market-leading compliance solutions, including that of large liquidity providers seeking to leverage DeFi’s yields in a globally low-interest rate environment.” – Dr. Mircea Mihaescu, CEO and of Coinfirm
With this key partnership, Coinfirm strengthens its existing market-leading position in Europe and beyond amongst regulated entities for providing risk analytics software products and services.
Working with relevant industry associations worldwide to provide feedback on the effectiveness of current and potential anti-money laundering and countering the financing of terrorism regulations, Coinfirm is ideally placed to help Taurus’ regulated financial institutions’ ecosystem to follow global crypto AML/CTF guidelines, including the EU’s 6AMLD and other supernational and national regulations.
Taurus SA was founded in April 2018 in Geneva, Switzerland, specialising in digital assets and blockchain. Taurus was founded by senior executives with a background in banking, regulatory, IT, and cyber security. Taurus delivers its clients the infrastructure to manage ANY digital asset: cryptocurrencies, tokenised assets, and digital currencies, with one unified platform. It is a leader in Europe and Switzerland. Taurus solutions are in production and entrusted with the full spectrum of banks: systemic banks, investment banks, private banks, retail/digital banks, crypto-banks, trading venues.
For more information, please visit: https://www.taurushq.com
Coinfirm’s AML Platform for crypto assets is powering the mass adoption of blockchain by monitoring and blacklisting funds from ransomware hacks, human trafficking, sanctions evasion and terrorist financing – amongst other crimes – by risk scoring entities, addresses and transactions.
Coinfirm’s risk management platform and services are used by governments, financial institutions, custodians, payment providers, investment funds and exchanges. The 5,600+ protocol-supporting AML Platform utilises 330+ proprietary risk algorithms to provide a seamless, scalable solution to stringent regulatory requirements for both CeFi and DeFi.
Founded in 2016, Coinfirm is headquartered in London, UK, with the company retaining offices in Canada, U.S., Poland, France and Japan. Over 250 entities have trusted the company to provide RegTech solutions to stay in compliance.
For more information, please visit https://www.coinfirm.com