Scorechain provides automated AML/CFT compliance solutions for blockchain technologies, integrating seamlessly into existing workflows to enhance regulatory adherence. The platform offers advanced analytics for proactive risk detection and ensures data privacy, addressing the complexities of compliance in the digital asset space.
Funding
$2.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
TCFounders
Product
Problem
Financial institutions, native crypto businesses, and regulators face increasing complexity in complying with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) regulations within the rapidly evolving digital asset landscape. Traditional compliance methods struggle to keep pace with the intricacies of blockchain transactions, the proliferation of Virtual Asset Service Providers (VASPs), and the need for proactive risk detection. This leads to potential regulatory breaches, security vulnerabilities, and hindered market integrity.
Solution
Scorechain provides automated AML/CFT compliance solutions tailored for blockchain technologies, streamlining digital asset compliance workflows. The platform offers advanced analytics, including customizable alerts and AI-driven insights, for proactive risk detection and comprehensive transaction monitoring. Scorechain's solutions facilitate Know Your Transaction (KYT) and Know Your Address (KYA) reporting, VASP risk assessment, and real-time screening of wallets and transactions across multiple blockchains. By integrating seamlessly into existing systems, Scorechain helps organizations navigate regulatory complexity, ensure data privacy, and maintain operational security within the digital asset ecosystem.
Target Audience
Scorechain serves financial institutions, law enforcement agencies, native crypto businesses, and regulators seeking to streamline compliance processes, enhance security, and maintain regulatory adherence within the digital asset space.
Features
- Customizable and predictive alerts leveraging AI to simplify AML and digital asset risk management.
- Exploration Tool for in-depth blockchain transaction investigation and analysis.
- Automated generation of Know Your Transaction (KYT) and Know Your Address (KYA) reports.
- VASP Risk Assessment module for due diligence and risk evaluation of over 1000 VASPs, CEFIs, and DEFIs.
- Real-time wallet and transaction screening across leading blockchains.
- Seamless API integration for incorporating blockchain analytics into existing systems.
- Digital Asset Investigation Services to trace fund destinations and uncover stolen assets.
- Know-Your-VASP Reports to analyze historical activities and monitor risk exposure of VASPs.
- NFT/ICO/RWA Whitelisting services to ensure compliance with AML regulations and verify clean fund origins.