The velocity crypto monitoring module provides advanced analysis of crypto transactions on the blockchain network. It helps to screen bad transactions, terrorist financing activities, and money laundering.

With the proper implementation of cutting-edge technology (Artificial Intelligence and Machine Learning), Velocity’s crypto monitoring module analyzes the transaction patterns and tracks the risk indicators to provide end-to-end compliance for the digital currency ecosystem.

  • Input:
    • Transaction data
  • Process:
    • NLP augmentation techniques
    • FPR module’s algorithm
    • Sentiment analysis for converting linguistic to quantitative
    • Machine learning for detecting pattern
    • Deep learning via convolution graph
    • Fuzzy matching for constructing identity from partial trace
  • Output:
    • Risk-flagged items
    • Matched transactions

Crypto empowering criminals

The ability to hold cryptocurrencies without revealing their identity is what makes them attractive to criminals. Fraudsters leverage the anonymity of blockchain technology to launder money. It is mainly because there is no proper AML regulation in the crypto market. This makes money launderers hide amongst the honest transactions and move payments across the borders with complete confidentiality.

Velocity’s Translation identifier module equips financial institutions with faster identification of crypto transactions. The data augmentation module provides an unbiased combination of transactions with matched keywords. This makes it easy for financial institutions to venture into the world of cryptocurrency.

Know Your Transaction Services (KYTS)
  • Track origin of transactions using blockchain technologies.
  • Remove concern about dark money and money laundering.
Structured Regulatory Compliances (SRC)
  • Manage a diverse array of regulators and authorities across various regions.
  • Provide a common diagnostic and priorities so that banks can have uniform risk policies.
Innovation of Custodian Services
  • Monitor and protect cryptocurrency assets for customers and banks.
  • Create opportunities for bank revenues and improved customer service.

Red flag for Criminals

Velocity’s algorithm can easily identify hidden patterns and risks.

Risk-flagged items are identified to determine true risk.

Velocity can identify the following transactions accurately and effectively:

  • Dark money transactions, illicit trade, and criminal activities
  • Ransom extortion or drug payment

Upgrade before you are outplayed

Reduced False positives
With the uncertainty surrounding the crypto ecosystem, we do not want to burden our analysts with uncertain results. Thus, our state of the art Machine Learning algorithms will provide faster and more accurate results

Unbiased Data Augmentation
Built upon the NLP augmentation technique, the data augmentation module is unbiased to set of biased terms

Benefits

Business growth
Velocity’s crypto monitoring module helps screen crypto transactions and protect businesses from FinCrime activities.

Faster and accurate results
With the help of AI and Machine Learning, Velocity’s crypto monitoring module provides faster and more accurate results.

Detailed insights
Velocity’s crypto monitoring module provides insights with a complete breakdown that can be used to analyze transactions.

Scalable
By using automated and smart tools, Velocity’s crypto monitoring module can screen large amounts of data, which is not possible to process manually.

Detect high risk
Velocity’s crypto monitoring module has an algorithm that is used to identify hidden patterns and risks associated with the transactions.




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