TRM Labs, a blockchain intelligence platform, has partnered with Finray Technologies, a banking infrastructure firm, to develop a comprehensive system for monitoring both cryptocurrency and fiat transactions.
By integrating Finray’s compliance and decision engine, XZiel, with TRM’s blockchain intelligence tools, the two companies have enabled real-time alert triaging, automated escalation, case management, and risk assessment across both crypto and fiat transactions.
As stablecoin settlements and fiat payment flows become increasingly interconnected and new regulations like Europe’s Markets in Crypto-Assets (MiCA) come into play, institutions operating in both markets now require unified oversight, according to Finray Technologies and TRM Labs.
The system is specifically designed to assist institutions in implementing structured, auditable monitoring programs that comply with MiCA requirements and anti-money laundering obligations, thus simplifying market entry for regulated entities.
MiCA covers a range of aspects from crypto asset regulation and provider requirements to jurisdictional responsibilities. Source: Cointelegraph
Bitcoin, Ethereum, and other blockchains covered
Key features of the system include real-time risk alerts for suspicious crypto transactions, utilizing the same workflow as traditional payment monitoring. Supported blockchains include Bitcoin, Ethereum, and Tron.
The system also offers wallet screening during onboarding and ongoing monitoring, evaluating the risk of wallet addresses across both on-chain and off-chain environments.
Additionally, it automatically generates a detailed, time-stamped audit trail, documenting the reasons behind flagging an activity as risky, who reviewed it, and the decisions made in the event of regulatory or audit reviews.
Targeted at banks venturing into crypto
The new system developed by Finray and TRM Labs is tailored for exchanges, custodians serving institutional clients, corporate treasuries, banks, and electronic money institutions seeking to expand their crypto services or facilitate crypto on- and off-ramp operations, the companies stated.
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“Compliance teams can no longer manage fiat and crypto risk in separate systems,” remarked Oleksandr Potapenko, CEO of Finray. “By integrating TRM’s blockchain intelligence directly into XZiel, our customers gain a consolidated, auditable view of risk across both payment rails — enabling them to hold, clear, escalate, and document decisions within a single environment. This aligns with the requirements of MiCA and evolving regulatory expectations,” he added.
An increasing number of institutions are venturing into the crypto space. River, a Bitcoin financial services firm, reported last month that more than half of the top US banks have either begun or announced plans to offer Bitcoin-related services such as trading or custody.
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