Amrit Satpathy
Ecosystem Manager
NayaOne welcomes Notabene to the NayaOne Marketplace, making Notabene’s pre-transaction decision-making platform accessible to NayaOne’s customers. This will benefit financial institutions that are seeking to improve their ability to automate real-time decisions, comply with the Travel Rule, perform sanction-screening of counterparties, and more.
Notabene’s solution helps financial institutions and virtual asset service providers (VASPs) comply with regulatory requirements related to cryptocurrency transactions. Banks that offer cryptocurrency-related services, such as buying, selling, or exchanging virtual assets, are considered VASPs and are subject to regulatory guidelines set by the Financial Action Task Force (FATF) and other regulatory bodies. Notabene’s platform can help VASPs, including banks, meet these guidelines by providing them with features such as:
- Compliant transactions: Notabene provides a unified transaction risk management platform for complying in real-time with Travel Rule, self-hosted wallet requirements, and counterparty sanctions Screening.
- Counterparty due diligence: Notabene’s platform provides customers with data and tools to perform ongoing due diligence and risk assessment on counterparty financial institutions or VASPs.
- Intelligent Insights: The Notabene platform brings together transactional-level data on counterparties and transactions to enable fully informed compliance decisions and transactions with only trusted counterparties.
By using Notabene’s solutions, banks can ensure compliance with regulatory requirements related to cryptocurrency transactions and mitigate the risk of potential legal and financial fines. Additionally, a compliance platform like Notabene can help banks streamline their compliance efforts, reduce costs, and improve transparency and security in the cryptocurrency industry.
We are pleased to announce our partnership with NayaOne. As the go-to partner for Travel Rule compliance, we look forward to working alongside them to help financial institutions understand the complex world of crypto risk, enabling more people to participate safely and confidently. NayaOne's innovative approach is also noteworthy; by introducing the latest tools in an easy and seamless way, they make it easier for institutions to stay on top of regulatory requirements through its Digital Transformation Platform.
Lauren Nichols
Head of Business Development, Notabene
It's great to see Notabene available on the NayaOne Marketplace. Their Travel Rule compliance solution will help financial institutions understand the complex world of crypto risk, enabling more people and businesses to transact safely and confidently with crypto assets. This will support digital assets and RegTech use cases for our clients!
Oli Platt
Product and Marketplace Manager, NayaOne
Notabene is crypto’s only pre-transaction decision-making platform, enabling customers to identify and stop high-risk activity before it occurs.
Notabene’s SafeTransact platform helps financial institutions and crypto businesses unlock their full potential in the digital economy. With a focus on security, privacy, and end-user experience, Notabene customers can use our multi-source data and software to automate real-time decision-making, perform counterparty sanctions screening, identify self-hosted wallets, and complete the smooth rollout of Travel Rule compliance, all in line with global and local regulations.
