Scorechain

Scorechain Analytics is a crypto AML platform offered by Scorechain. According to the vendor, it is designed to track and analyze crypto assets, helping businesses identify, assess, and manage risks. The product is targeted at both crypto-native companies, such as exchange platforms and wallets, as well as traditional financial institutions like private banks and asset management companies. It is said to cater to the needs of compliance officers, risk managers, AML officers, financial institutions, and crypto businesses, aiming to ensure regulatory compliance and prevent illicit activities.

Key Features

Risk Scoring & Indicators: According to the vendor, Scorechain Analytics provides risk scoring and risk indicators for incoming and outgoing crypto funds, enabling businesses to assess the level of risk associated with each transaction.

Financial Data Analysis: The product is said to offer in-depth financial data analysis for addresses, entities, and tokens, providing businesses with valuable insights into their crypto assets.

Transaction Tracking: Scorechain Analytics claims to enable comprehensive transaction tracking for all blockchains, including decentralized exchange (DEX) trades, aiming to ensure transparency and visibility across multiple platforms.

Easy Integration: The vendor states that the product offers an easy-to-integrate API, allowing businesses to automate the process of risk-AML compliance, potentially streamlining operations and saving time and resources.

Exploration Tool: According to the vendor, the exploration tool enables users to analyze specific crypto transactions, addresses, entities, and clusters, uncovering suspicious activity and visualizing transactional relationships for effective risk management.

Entity Directory: Scorechain Analytics is said to gather due diligence information on more than 700 Virtual Asset Service Providers (VASPs), enabling businesses to assess the level of risk associated with each VASP and compare exchange platforms based on various criteria.

Reports & Alerts: The product claims to allow users to generate Know Your Transaction (KYT) and Know Your Address (KYA) reports with a single click, archive data, and receive real-time notifications of suspicious activity, potentially aiding in proactive risk management.

Case Manager: According to the vendor, the case manager feature provides an organized timeline for reporting suspicious activity and transactions, facilitating collaboration within the organization and enabling the export of cases in PDF format for clear investigation details.

Customization: Scorechain Analytics is said to offer customization options for features like alerts, risks, and artificial intelligence (AI), allowing businesses to align the product with their internal policies and risk appetite.