Fintech PR
BitMEX achieves industry-leading low on-chain AML risk profile through strategic partnership with Chainalysis
BitMEX reports a 35% lower on-chain risk exposure than global averages, demonstrating its commitment to cutting-edge security and regulatory adherence.
VICTORIA, Seychelles, Oct. 22, 2024 /PRNewswire/ — BitMEX, the world’s leading crypto derivatives exchange, has announced that it continues to maintain a low on-chain Anti-Money Laundering (AML) risk profile, successfully reducing its risk exposure from 1.7% in 2019 to just 0.2% in 2024. This 88% reduction in on-chain risk exposure over the past five years is a direct result of BitMEX’s collaboration with Chainalysis, combined with substantial investments in compliance controls and advanced blockchain analytics. With its on-chain risk exposure 35% below the global average of 0.304%, BitMEX demonstrates its steadfast commitment to security and regulatory adherence, setting a new industry standard since 2019.
As the industry navigates complex regulatory environments, BitMEX has turned compliance into an opportunity for leadership. Ongoing compliance efforts include bi-weekly updates to its Proof of Reserves and Liabilities, the use of geo-blocking technology to minimise sanctions-related risks, and regular external AML audits to ensure compliance accuracy. BitMEX also integrates advanced tools to monitor both on-chain and off-chain activity, reinforcing its comprehensive approach to risk management.
Leveraging Chainalysis’ cutting-edge blockchain analytics, BitMEX has implemented robust mechanisms to assess, monitor, and mitigate on-chain risks. On-chain risk exposure refers to the risks associated with the flow of digital assets, especially concerning their origin or destination, and BitMEX’s proactive stance on mitigating these risks reinforces its leadership in safeguarding the crypto ecosystem.
Stephan Lutz, CEO at BitMEX said, “As we continue to prioritise the safety of our users and create a secure trading environment, our collaboration with Chainalysis has allowed us to stay ahead of evolving compliance standards. By integrating advanced blockchain analytics into our comprehensive risk management strategy, we have not only reduced on-chain risk exposure but also strengthened the trust our users place in us. This partnership ensures that BitMEX leads the industry in both security and regulatory adherence, giving our traders confidence in the safety of their assets.”
The BitMEX compliance framework has evolved to reflect the highest standards in the industry. Central to this transformation is its risk-based approach to threshold tuning, which integrates insights from Chainalysis’ detailed typologies and behavioural analytics. The platform’s commitment to data integrity is evidenced by periodic testing and scenario selection based on the latest threat models, ensuring that its AML programme consistently meets regulatory expectations.
“BitMEX has continuously taken an innovative and proactive approach towards enhancing their risk management strategy and prioritising consumer safety,” said Diederik Van Wersch, Regional Director, ASEAN & Hong Kong, Chainalysis. “The team has always valued a strong collaboration when working with Chainalysis, and it’s really impressive to see their investment in a skilled investigations and compliance team, and the adoption of advanced tools – which have yielded impressive results.”
BitMEX’s efforts highlight its leadership in setting new benchmarks for transparency and regulatory adherence in the crypto space. With the continuous implementation of rigorous AML programmes and real-time monitoring systems, the platform is uniquely positioned to offer a secure and compliant environment for traders worldwide. More details on BitMEX’s transformation of its risk profile is available via a Chainalysis case study here.
About BitMEX
BitMEX is the leading crypto derivatives exchange, providing professional crypto traders with a platform that caters to their needs with low latency, deep liquidity and unmatched reliability.
Since our founding, no cryptocurrency has been lost through intrusion or hacking, allowing BitMEX users to trade safely in the knowledge that their funds are secure. So too that they have access to the products and tools they require to be profitable.
BitMEX was also one of the first exchanges to publish their on-chain Proof of Reserves and Proof of Liabilities data. The exchange continues to publish this data twice a week – proving assurance that they safely store and segregate the funds they are entrusted with.
For more information on BitMEX, please visit the BitMEX Blog or www.bitmex.com, and follow Discord, Telegram and Twitter.
View original content:https://www.prnewswire.co.uk/news-releases/bitmex-achieves-industry-leading-low-on-chain-aml-risk-profile-through-strategic-partnership-with-chainalysis-302282432.html
SAN ANTONIO, Oct. 22, 2024 /PRNewswire/ — Frost & Sullivan proudly announce that Reenita Das, Partner and Senior Vice President of Healthcare & Life Sciences, will attend the highly anticipated AIMed 2024 Global Summit. The event, held from November 17 – 19, 2024, 2024, will bring together healthcare leaders and AI innovators from across the globe at Caribe Royale Orlando to discuss the transformative impact of artificial intelligence in healthcare.
Reenita will serve as Co-Chair and Kickoff Speaker for the “AI and Its Impact on Women’s HealthTech” track on Monday, November 18. This track is an educational program organized by Dr. Anthony Chang, Reenita Das, and Harry P. Pappas, founder of the Women’s Health and Wellness Society, an educational and advocacy group for women. Pappas is also the founder of the Intelligent Health Association and has collaborated with Frost & Sullivan for over 15 years.
AIMed 2024 is the premier global event for artificial intelligence in healthcare, providing an ideal platform for industry experts like Reenita Das to share insights on leveraging AI to enhance healthcare systems and transform clinical workflows. Attendees will benefit from keynote speeches, hands-on workshops, and networking opportunities with top professionals worldwide.
“I’m thrilled to be part of AIMed 2024, where we will explore the critical role AI plays in addressing global healthcare challenges and improving patient outcomes,” said Reenita Das. “This summit represents an opportunity for healthcare leaders to share their vision and collaborate on advancing the future of medicine.”
Frost & Sullivan’s strategic involvement in AIMed 2024 further highlights its commitment to fostering innovation and growth in healthcare. With a unique blend of AI and healthcare technology expertise, Reenita Das will contribute to impactful discussions on applying AI-driven solutions for real-world healthcare challenges.
Why This Partnership Matters:
AIMed24 is committed to building long-term partnerships with key organizations that share its vision of improving healthcare through AI. Frost & Sullivan’s expertise in identifying growth opportunities and their forward-looking approach to industry trends makes them an ideal partner. Together, AIMed24 and Frost & Sullivan will deliver a unique, high-value experience for attendees, ensuring they leave equipped with actionable strategies and insights to drive AI innovation in healthcare.
About Frost & Sullivan
For over six decades, Frost & Sullivan has guided the world’s top companies toward transformational growth journeys that result in a stream of innovative growth opportunities. Frost’s Growth Pipeline as a Service (GPaaS) value proposition allows customers to maximize their economic potential, navigate emerging megatrends, and shape a future based on sustainable growth. Learn more.
About AIMed24
AIMed24 is where AI and medicine’s brightest minds converge to shape the future of healthcare. Join us at the Caribe Royale Orlando from November 17-19 for groundbreaking keynotes, hands-on workshops, and exceptional networking opportunities with industry leaders. Founded by Dr. Anthony Chang, AIMed is a clinician-led community advancing AI in health. AIMed24 will showcase impactful smart healthcare solutions, facilitate connections with AI trailblazers, and engage with top institutions and innovators. Be at the forefront of healthcare innovation. Learn more.
Media Contact:
María Briceño
[email protected]
View original content:https://www.prnewswire.co.uk/news-releases/aimed-2024-a-pioneer-in-healthcare-innovation-to-join-key-ai-in-medicine-event-302283393.html
Fintech PR
Ascenda transforms economics for financial institutions with new loyalty-as-a-service offering
NEW YORK, Oct. 22, 2024 /PRNewswire/ — Ascenda, the world’s most connective rewards ecosystem, today announced the launch of its new loyalty-as-a-service offering. The groundbreaking model challenges established industry norms and maximizes business outcomes for financial institutions through effortless access to scalable, aspirational rewards propositions that deliver outsized returns.
For decades, companies who provide rewards technology and content have operated on a vendor model that leaves them uninvested in their clients’ success. The onus has been squarely on financial institutions to procure the right loyalty marketing ingredients and put them to use in a way that generates ROI – often with mixed results. Ascenda now shifts that paradigm by delivering loyalty as a partner, not as a supplier.
The new loyalty-as-a-service offering transforms marketing economics for financial institutions with an outcome-centric partnership model composed of:
- Holistic ecosystem access: Ascenda’s full suite of proven technology and compelling lifestyle content is accessible effortlessly in one place. This marks the first time in the industry that all the puzzle pieces needed for high-ROI loyalty marketing are seamlessly unified, from trigger-based campaigns to unforgettable customer experiences.
- Easy zero-cost entry: brands can choose to leverage the full solution suite or start using just specific components – always without setup costs or platform fees. This removes all barriers, enabling financial institutions to move faster in bringing new customer propositions to market.
- Results-based commercials: Ascenda charges only for content and growth outcomes actually delivered. This mitigates the financial risk of adopting a loyalty solution and means Ascenda is deeply invested in achieving measurable client results.
“Our new loyalty-as-a-service offering is revolutionary for banks and fintechs globally,” said Kyle Armstrong, CEO at Ascenda. “For many brands, rewards cost is one of the biggest expense lines on the P&L, yet they are dissatisfied with the return on that investment. We are changing the game with a shift from delivering loyalty software to delivering loyalty ROI. Our new model makes things effortless and truly aligns incentives, unlocking step-change economics.”
The new offering is now available to financial institutions that onboard with Ascenda and progressively being rolled out across the existing client base.
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View original content:https://www.prnewswire.co.uk/news-releases/ascenda-transforms-economics-for-financial-institutions-with-new-loyalty-as-a-service-offering-302283332.html
Fintech PR
Ankura Taps Industry Veteran Regina Lee to Lead Risk, Forensics & Compliance Business Globally
NEW YORK, Oct. 22, 2024 /PRNewswire/ — Leading global expert services and advisory firm Ankura Consulting Group, LLC (“Ankura”) is pleased to announce the appointment of Regina Lee as the Global Leader of its Risk, Forensics & Compliance business.
Regina has more than 25 years of experience leading successful teams at global consulting firms. Her impressive background encompasses a wide range of expertise, including fraud investigations, bankruptcy-related disputes and investigations, mass tort and securities litigation, and post-transaction disputes. Most recently, Lee served as Global Co-Leader of the Strategy & Analysis Practice at AlixPartners.
Kevin Lavin, CEO of Ankura, shared: “I could not be happier to welcome such a talented and culturally aligned leader as Regina. Her extensive experience and strategic insight will play a pivotal role in advancing Ankura’s capabilities in risk management, forensic investigations, and regulatory compliance. Regina’s deep expertise and commitment to excellence align perfectly to further strengthen Ankura’s position as a trusted advisor in these areas.”
Regina commented on her new role: “Ankura’s dedication to innovation and client-focused solutions is truly inspiring, and I look forward to working with Ankura’s talented team to address the evolving challenges our clients face in today’s dynamic environment.”
About Ankura
Ankura Consulting Group, LLC is an independent global expert services and advisory firm that delivers end-to-end solutions to manage conflict, crisis, performance, risk, strategy, and transformation. Ankura has more than 2,000 professionals serving 3000+ clients across 55 countries. Collaboration and experience drive our multidisciplinary approach to Protect, Create, and Recover Value™. For more information, please visit www.ankura.com.
Contact:
Robin Boesen
[email protected]
View original content:https://www.prnewswire.co.uk/news-releases/ankura-taps-industry-veteran-regina-lee-to-lead-risk-forensics–compliance-business-globally-302283325.html
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