Main Page > Blog >

 

Origami, one of the few crypto exchanges with full escrow brings in Coinfirm for AML and risk analysis

May 21, 2019

About Us

Recognized as a global leader in RegTech for blockchain, Coinfirm serves as a foundation for the safe adoption and use of blockchain. The Coinfirm AML/CTF Platform uses proprietary algorithms and big data analysis to provide structured, actionable data that solves compliance and transaction risk issues in blockchain and cryptocurrencies. The blockchain agnostic platform is currently used by anyone ranging from major financial institutions to exchanges. In addition, Coinfirm develops dedicated blockchain solutions such as the data provenance platform Trudatum that was recently integrated by the largest bank in CE.



Follow Us

blog-image

Origami, one of the few regulated cryptocurrency exchanges with full escrow is integrating Coinfirm’s AML & Analytics Platform to further prove their security and transparency.

Set to launch in the beginning of June, Malta based Origami Exchange is integrating Coinfirm’s AML and blockchain analytics platform to further elevate its security and compliance standards. Origami is one of the first exchanges to have an ongoing license as a “Class 4 VFA Service Provider”. The license enables Origami to not just run an exchange but also be a wallet service provider, as well as provide other services regard cryptocurrencies and digital assets. Origami’s platform will have built-in Escrow on FSBC protocol, transparent segregated accounts and secure cold storage. Origami, as a licensed and regulated entity under the MFSA Malta Regulations. Following the MFSA and VFA regulations Origami is a public trust institution, and as an exchange are opened to cooperation with other financial institutions, banks, and brokerage houses.

Origami processes over 3 million transactions per second, 3 times more than Nasdaq. These remarkable transaction speeds are powered with the Disruptor Pattern to bring the transaction speeds known from FOREX exchanges to the cryptocurrency trading world. To ensure transparency, compliance Origami will integrate Coinfirm’s AML platform to analyse these transaction patterns by using more than 270+ Risk Indicators & Profiles, as well as, 150+ advanced evaluation algorithms, including behavioral analysis, data science techniques and delivering regular reports. Coinfirm and Origami exchange have phased plans to also integrate Coinfirm’s products such as becoming an AMLT network member and enabling KYC End 2 End since Origami exchange will be dealing with financial institutions.

Adam Grodzki, Co Founder and CTO, Origami Exchange

Origami redefines the standards of cryptocurrency exchanges by emphasizing the importance of financial security, speed of transactions, design accessibility and technologically advanced solutions. Among that is to have the highest standard of AML and Analytics tools. With Coinfirm’s leading AML Platform we know we’re setting that standard and helping make our operations even more effective and efficient for our user base.

Coinfirm has been working with major banks and major blockchain protocols around the world to not only solve AML needs for blockchain assets but together with their partners set the highest standards for their given segment and jurisdiction. Being blockchain agnostic, the Coinfirm AML and Analytics Platform allows Coinfirm to work with exchanges and cryptocurrencies more broadly and engage partners more directly.

Grant Blaisdell, Co Founder, Coinfirm says
"Coinfirm is always looking to lead so therefore we’re also always looking to partner with crypto companies who walk the talk when it comes to AML challenges. Coinfirm’s partnership with Origami is another step to jointly create a safer crypto economy by providing more innovative and effective solutions around AML and security. The integration of Coinfirm’s AML platform will further enhance the security level on crypto transactions for all trading entities using Origami.”

About Coinfirm
A global blockchain analytics and AML leader, Coinfirm serves as a foundation for the safe adoption and use of blockchain. The Coinfirm Platform uses proprietary algorithms and big data analysis to provide structured, actionable data that solves compliance and transaction risk issues in blockchain and cryptocurrencies. The blockchain agnostic platform has the largest market and coin coverage and is currently used by anyone ranging from major financial institutions to exchanges. In addition, Coinfirm develops dedicated blockchain solutions such as the data provenance platform Trudatum that was recently integrated by the largest bank in Central Europe.

About Origami
Origami is Regulated, Secure, Centralized Exchange embracing the most current regulation standards regarding cryptocurrency, exchange and privacy. These include MSFA Malta Regulations, GDPR Regulations and more. Established at the heart of cryptocurrency regulations that foster cooperation and productivity. Being a public trust institution and having a solid API strategy in place. Built with best design-thinking practices, which in turn guarantee the delivery of the most valuable product to the market.