Elliptic

The Elliptic Navigator is a solution designed to meet the demand for real-time cryptoasset transaction monitoring. According to the vendor, it enables businesses of all sizes to ensure compliance with anti-money laundering (AML) and sanctions regulations. This tool is utilized by various professionals and industries, including financial institutions, cryptocurrency exchanges, payment processors, compliance professionals, and law enforcement agencies.

Key Features

Crypto Transaction Monitoring: The Elliptic Navigator offers fully automated real-time transaction monitoring for cryptoassets. According to the vendor, it can trace funds across different blockchains and assets, helping identify links to terrorist financing, sanctioned entities, and other illicit activities. The vendor claims it aids businesses in achieving AML compliance and protecting against financial crime.

Detect High-Risk Crypto Transactions: The Elliptic Navigator automates transaction risk scoring based on blockchain analytics, according to the vendor. It aims to speed up compliance checks, minimize manual intervention, and reduce costs. The vendor suggests that businesses can efficiently detect and mitigate high-risk crypto transactions using this feature.

Identify High-Risk Customers: The solution monitors customers' crypto activity across all transactions, according to the vendor. It uses sophisticated analytics and risk indicators to detect suspicious activity early. The vendor claims that configurable alerts help reduce false positives, allowing businesses to identify high-risk customers and take appropriate actions.

Trace Source and Destination of Funds: The Elliptic Navigator enables businesses to trace transactions through and across major blockchains and assets, according to the vendor. It provides insights into the source or destination of funds, helping businesses understand the flow of funds and make informed decisions.

Simplify SAR Submissions: According to the vendor, the Elliptic Navigator maintains a full audit trail of crypto transactions. Compliance analysts can export complete and accurate records for Suspicious Activity Report (SAR) submissions. This feature aims to simplify the process of compliance reporting.

Scalable Transaction Monitoring: The solution replaces manual investigations with automated multi-asset screening, according to the vendor. It supports any cryptoasset with a tradable value and offers customizable risk rules for compliance control. The vendor suggests that businesses can achieve scalability and efficiency in transaction monitoring.

Transaction Screening Across All Tradable Assets: The Elliptic Navigator supports a wide range of cryptoassets, including Bitcoin, Ether, stablecoins, ERC-20 tokens, and memecoins, according to the vendor. It provides access to a large and accurate cryptoasset data set, enabling businesses to programmatically trace transactions across the entire cryptoasset ecosystem concurrently.

Making Opaque Transactions Transparent: The solution reveals the movement of assets through hidden pathways, such as cross-chain bridges, decentralized exchanges (DEXs), wrapped assets, and coinswaps, according to the vendor. It aims to provide transparency and help businesses understand the flow of assets in complex transactions.

Focus on the Alerts that Matter: The Elliptic Navigator provides numeric risk scores for transactions, according to the vendor. Customizable thresholds allow businesses to focus on high-priority alerts based on the destination or source of funds. The vendor claims this feature reduces false positives and streamlines workflow.

Drill Down to Get Detailed Insights: The Elliptic Navigator provides a full breakdown of the exact source or destinations of funds, according to the vendor. Compliance analysts can access detailed insights into transaction history and patterns, enabling informed decisions on customer investigations or SARs.