Cense provides a blockchain analytics platform that generates holistic due diligence reports for financial institutions, enabling them to assess the risk and legitimacy of crypto assets in just 15 minutes. By automating compliance processes and ensuring GDPR and SOC2 adherence, Cense reduces onboarding time and costs while enhancing the accuracy of client data insights.
Funding
Funding not disclosed
Founders
Product
Problem
Financial institutions face challenges in efficiently assessing the risk and legitimacy of crypto assets, often relying on manual due diligence processes that are time-consuming and costly. Traditional methods struggle to provide a comprehensive view of a client's crypto holdings, hindering effective compliance and risk management.
Solution
Cense offers a blockchain analytics platform that automates the generation of holistic due diligence reports, enabling financial institutions to quickly evaluate the risk profiles associated with crypto assets. The platform aggregates data from multiple blockchains and crypto exchanges, providing a complete view of a client's digital footprint. By leveraging advanced analytics methodology and heuristics, Cense delivers accurate portfolio calculations and insights, facilitating faster onboarding and improved compliance. The platform adheres to GDPR and SOC2 standards, ensuring data privacy and security.
Target Audience
Cense primarily targets financial institutions, including wealth managers, private banks, commercial banks, and Virtual Asset Service Providers (VASPs), as well as crypto owners seeking to demonstrate the legitimacy of their digital asset portfolios.
Features
- Comprehensive due diligence reports covering risk profiles, source of funds, and source of wealth
- Native support for 35+ blockchains and 400+ blockchain inputs, including global and local crypto exchanges
- Automated AML/CFT compliance checks, including sanction screening and counterparty classification
- Portfolio calculations backed by advanced analytics methodology and heuristics
- Integration of data from both centralized and decentralized exchanges
- GDPR and SOC2 compliance for data privacy and security
- Self-onboarding capabilities for customers