Media Outreach

Babel Finance Announces New Partnership With Chainalysis Leading to Innovations in Crypto Lending and Financing

HONG KONG SAR – Media OutReach – 21 January 2022 – Babel Finance‘s financial services announced in December 2021 its partnership with Chainalysis. This will offer our institutional investors and high-net-worth individuals worldwide top in class risk controls and management to its crypto financial services, including crypto lending and crypto financing.

 

Chainalysis is a leading blockchain data platform. Babel Finance will leverage Chainalysis’ KYT (Know Your Transaction) and Reactor services to upgrade its regulatory compliance strategies. With Chainalysis KYT, Babel Finance will have a real-time transaction monitoring solution providing alerts to their compliance team. Apart from reducing manual workflows, it will allow heightened compliance with local and global regulations. Chainalysis Reactor can connect cryptocurrency transactions to real-world entities, allowing compliance teams to examine both criminal and legitimate activities.

 

Babel Finance’s crypto lending innovation regarding compliance will provide the capacity to safeguard clients’ interests and investments and comply with Anti-Money Laundering regulations. Babel Finance’s financing will have improved security and reliability controls when handling institutions’ large and flexible funding requests. Mitigating market risk is a top priority for Babel Finance. Our bank-level asset risk assessment models have formulated a more than competent risk control system to reduce market risk. Our products support multiple cryptocurrencies and use third-party custody, offline storage, multiple authorizations, and other technical measures to ensure the security of assets.

 

Babel Finance’s Hong Kong office, as well as others in Asia, are ready to serve its clients’ needs. Its expert team comes from first-tier financial institutions such as PwC, China Merchants Bank, Deutsche Bank, Credit Suisse, Lazard, Industrial and Commercial Bank of China, and mainstream technology companies. This expertise and heritage give us the cutting edge in cryptocurrency financing services.

AlSO READ:  EVTEKER Electric Motorcycles Shine in Milan, Highlighting the Deep Integration of Chinese-German Technologies at the Exhibition

 

About Babel Finance

Babel Finance is a global leading crypto financial services provider, offering institutional and HNWI investors professional services covering crypto lending and crypto trading.

 

The company is backed by prominent investors including Sequoia Capital China, Tiger Global Management, BAI Capital, Zoo Capital, Dragonfly Capital, and NGC Ventures.

 

With a business focus in Asia and a business headquarters in Singapore, Babel Finance has established close cooperative relationships with major global exchanges, custodians, investment funds, and mining institutions. 

https://twitter.com/BabelFinance

https://www.linkedin.com/company/babelfinance/

#BabelFinance

The issuer is solely responsible for the content of this announcement.

Follow Techspace Africa on Facebook and Twitter. For the latest news, tech news, breaking news headlines, reviews and live updates check out tech-space.africa


Eric
Eric is just a nerd who loves to write about tech

    You may also like

    Comments are closed.