This partnership protects regional banks and different monetary establishments from digital asset laundering dangers, illicit cash service companies, and crypto-related threats
DUBAI, United Arab Emirates, Dec. 15, 2020 /PRNewswire-PRWeb/ — Spectrami, the area’s main cyber safety value-added distributor has joined arms with CipherTrace, a number one cryptocurrency intelligence firm, to entry CipherTrace’s cryptocurrency intelligence options for anti-money laundering, monetary investigations, and digital asset danger mitigations for banks and different monetary establishments all through the Center East, North Africa and Turkey.
The partnership with CipherTrace will permit the corporate to develop its product portfolio to incorporate blockchain evaluation, cryptocurrency investigation, and AML instruments equivalent to CipherTrace Armada™ and CipherTrace Inspector™. Powered by the world’s main cryptocurrency intelligence and blockchain analytics, CipherTrace Armada delivers deep insights right into a financial institution’s cash laundering dangers from digital asset service suppliers (VASPs). Armada helps banks and monetary establishments in attaining AML compliance by offering important visibility into dangerous cryptocurrency blind spots so know your buyer (KYC) processes can detect and carry out due diligence on digital asset service suppliers (VASPs). The CipherTrace Inspector monetary investigations answer can be utilized to additional determine dangerous attributes of crypto addresses and wallets.
Commenting on the partnership, the CEO for Spectrami, Anand Choudha mentioned, “With the expansion in digital transactions and the elevated use of cryptocurrency, there may be additionally a rise in fraud. That is the place CipherTrace helps banks, change homes, digital cost platforms and different monetary corporations to guard their buyer’s transactions and likewise present visibility and safety in order that they’re free from the dangers.”
Spectrami is among the quickest rising cyber safety value-added distributors within the area with a deal with offering superior safety merchandise and options throughout the Center East. The distributor has a powerful community of channel companions unfold all throughout the area, and it really works carefully with companions and their clients to supply them progressive and probably the most superior cyber safety options.
CipherTrace CEO Dave Jevans remarked, “As cryptocurrencies turn out to be more and more accessible, extra dangerous actors are utilizing bitcoin and different digital belongings to launder cash, commit fraud, and deploy in ransomware and phishing assaults. It’s paramount for banks and different monetary establishments to realize visibility into their cost networks to make sure they’re complying with all AML and CTF rules. We’re happy to have the ability to assist Spectrami, one of the highly-reputed cybersecurity suppliers within the Center East area, with the instruments their shoppers must determine suspicious transactions and obtain compliance.”
Spectrami is a pan-EMEA value-added distributor with native presence throughout Center East, North Africa and elements of Europe. With headquarters within the UAE, the corporate boasts an in depth community of worldwide channel companions. Specializing in end-to-end options throughout info safety, infrastructure administration and clever automation, the worldwide distributor assists enterprises to satisfy regulatory requirements on their infrastructure, shield confidential knowledge belongings and functions.
With proficiency throughout gross sales, advertising, logistics and administration, Spectrami’s distinctive strengths embrace glorious assets, efficient on-ground assist and a extremely certified staff to determine optimum gross sales channels and advertising methods for a product line. Via thriving partnerships with its 500 plus resellers and techniques integrators throughout greater than 40 international locations within the EMEA market, the value-added distributor ensures a cohesive enterprise mannequin to cater to evolving buyer calls for throughout the globe. For extra info, go to http://www.spectrami.com.
CipherTrace, main cryptocurrency intelligence firm, protects monetary establishments from crypto laundering danger and helps to develop the crypto economic system by making digital belongings trusted by governments and protected for mass adoption. CipherTrace delivers the world’s most complete cryptocurrency intelligence to detect cash laundering, inform legislation enforcement investigations, and allow regulatory supervision. CipherTrace founders are devoted to defending client privateness, whereas defending in opposition to illicit finance. Deep experience in cybersecurity, eCrime, funds, banking, encryption, and digital currencies type the muse for CipherTrace’s industrial choices. For extra info, go to http://www.CipherTrace.com or observe us on Twitter @CipherTrace.
Electronic mail: parmar(at)spectrami(dot)com
Los Gatos, California
Electronic mail: Kili(at)MelrosePR(dot)com
Kili Wall, Melrose PR, 310-260-7901, email@example.com