NEW YORK and LOS ANGELES, May 25,
2022 /PRNewswire/ -- Kharon, a data and analytics company
providing organizations with intelligence at the intersection of
global security and commerce, today announced a partnership with
Binance, the world's leading blockchain ecosystem and
cryptocurrency infrastructure provider, and Neterium, an API-native
and cloud-native screening provider. Through this partnership,
Binance will utilize Kharon's industry-leading data and analytic
platform in order to enhance its sanctions screening and broader
KYC controls. Kharon's data will be delivered into Binance's
transaction screening environment in partnership with Neterium. The
collaboration will contribute to the further development of data
solutions dedicated to advancing the capabilities of cryptocurrency
trading platforms to detect and prevent activity by illicit
actors.
Binance averages $24 billion USD
in crypto trade volume every 24 hours. To meet the needs of
operating the world's largest cryptocurrency exchange, Binance is
leading the crypto industry in developing a world class
cryptocurrency compliance program through the utilization of the
most advanced know-your-customer, sanctions, and risk solutions.
Kharon's data and Neterium's technology, delivered through
Binance's screening technology, allows Binance to enhance its
service to their global clients, while addressing increased risk
and regulatory requirements.
Chagri Poyraz, Global Head of Sanctions, Binance:
"As we continue to maintain and build the world's largest
cryptocurrency exchange, we are committed to building an
industry-leading compliance program. Working with Kharon and
Neterium allows us to leverage Kharon's best in-class data with
Neterium's innovative technology to address our risk."
Howard Mendelsohn, Chief
Client Officer, Kharon: "Virtual asset service providers
require the highest quality data and technology to support their
compliance programs. Partnering with Binance to provide data and
analytic tools is a critical development to address expanding
regulatory expectations and mitigate risk."
Florence Vicentini, Chief
Commercial Officer, Neterium: "We are delighted to partner
with Binance as Neterium specializes in very high scalability and
high complexity use cases. Binance's demanding compliance
processes precisely require the level of performance and
flexibility that our APIs were designed to offer"
About Kharon:
Kharon is a leading provider of risk management solutions driven
by proprietary research and data analytics. Kharon rigorously
investigates and curates complex data at the intersection of global
security and commerce, powering financial crimes compliance,
sanctions, export controls, supply chain, and other risk management
operations. Through our unique approach, Kharon's multilingual
subject matter experts and data scientists generate enriched data
covering the commercial networks of restricted actors and their
related parties. Kharon is founded and led by former senior
officials of the U.S. Department of the Treasury and experienced
software engineers.
About Neterium:
Created in 2017, Neterium is an API-native Regtech, specializing
in watchlist screening software. Its mission is to reinvent
financial crime prevention by offering unparalleled performance and
superior efficiency. Neterium is led by a team of industry experts
in the Financial Crime Compliance (FCC) field. Neterium provides
innovative Software-as-a-Service solutions, combining the benefits
of latest technologies with in-depth financial crime compliance
knowledge. Neterium teams up with partners and clients to add
advanced screening capabilities to their platforms and
solutions.
About Binance:
Binance is the world's leading blockchain ecosystem and
cryptocurrency infrastructure provider with a financial product
suite that includes the largest digital asset exchange.
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