New partnership to protect digital assets from financial crime


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Ripjar has announced a strategic partnership with Amber Group to help detect and prevent financial crime across the latter’s operations.

Headquartered in Singapore, Amber Group is a digital asset company that has developed expertise in servicing institutional and high-net-worth individual investors.

Having the right anti-money laundering (AML) defences is therefore critical – particularly in an emerging market such as cryptocurrency.

For digital assets to gain the necessary legitimacy for mainstream adoption, compliance must be front of mind and this partnership will strengthen Amber Group’s position as a highly secure player.

Although name-matching processes appear simple, data is often transferred from several, disparate technology systems and sanctions lists for comparison, using matching algorithms and risk-based alert creation rules.

With Ripjar on board, Amber Group now has a fully integrated, effective and customisable solution.

Jeremy Annis, CEO, Ripjar said: “Amber Group’s impressive growth has meant an ever-increasing amount of customer data to manage and protect.

“Through our technology, we’re enabling Amber Group to focus on securing that data and staying ahead of risks.”

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