Tech
Payhound Selects Chainalysis Crypto Compliance Solution – Technology & Innovation
Cryptocurrency fintech company Payhound uses blockchain data platform Chainalysis to protect operations from exposure to malicious activity and meet rigorous compliance standards.
With a strong commitment to combating illicit activity and a regulatory obligation to protect its customers, Payhound has selected Chainalysis as part of its compliance and risk management strategy. This partnership underscores Payhound’s dedication to maintaining industry-leading regulatory compliance and security standards.
Chainalysis is at the forefront of creating a secure global blockchain economy through its blockchain data platform, which helps businesses and governments make informed decisions and protect their customers. By implementing Chainalysis solutions, businesses gain access to a suite of investigation, compliance, and risk management tools.
Michele Santulin, Regional Director Mediterranean at Chainalysis, says: “In today’s cryptocurrency market, where trust is the key to success, companies like Payhound must leverage blockchain’s built-in transparency and utilize advanced blockchain analytics solutions to maintain strict regulatory compliance, protect their brands, and last but not least, offer reliable services to their customers. We are thrilled to support Payhound in this mission.”
Elton Dimech, CEO of Payhound, comments: “Chainalysis is an invaluable resource for companies like Payhound. Their forensic data and analytical approach, which enables continuous monitoring of crypto transactions, has proven indispensable as we seek to meet our AML and compliance obligations.”