The X-Sight Marketplace partners nearly 40 companies in its expanding ecosystem
CipherTrace, cryptocurrency intelligence and blockchain security company, has joined the X-Sight Marketplace, owned by NICE Actimize, the autonomous company managing financial crimes. The X-Sight Marketplace supplies organizations with data, applications, tools and service providers, all in one place.
Digital wallets and crypto exchanges are known to have a significant illegal activity due to diligence processes. With the CipherTrace offering, crypto exchanges and wallets will have better visibility to the criminal activity so that the transactions can be screened and actions taken.
When it comes to know-your-customer (KYC) verification, almost one-third of the top 120 crypto exchanges are weak. This way, it is urging the need for effective technology solutions specializing in cryptocurrencies.