Alaco Analytics has partnered with ComplyAdvantage to integrate its award-winning AML screening and monitoring solutions into EDDie, Alaco Analytics’ crypto-focused due diligence platform.
EDDie allows users to run automated Enhanced Due Diligence checks on their customers and their customers’ Bitcoin funds, instantly and simultaneously. The integration of ComplyAdvantage’s risk monitoring tools will allow EDDie users not only to meet regulatory obligations, but to conduct ongoing risk reviews, gather wider reputational intelligence, and assess those risks alongside source of funds data from the blockchain.
Already the preferred choice of some of the world’s largest banks, enterprises and high-growth fintechs, ComplyAdvantage uses machine learning and natural language processing to help regulated organizations manage their risk obligations and prevent financial crime. The company’s proprietary database is derived from millions of data points that provide dynamic, real-time insights across sanctions, watchlists, politically exposed persons, and negative news.