LONDON, 19 January 2022 – SPC Next Consulting (SPC NXT), a premier corporate advisory and technology consulting company based in India has announced a strategic partnership with Coinfirm, a leading crypto AML compliance and analytics firm, in a move to introduce highly advanced blockchain technologies in the regulatory space to key industries.
SPC NXT is a technology-led multi-disciplinary group of ambitious young minds, industry veterans, and experienced professionals providing high-impact and cost-effective solutions to global businesses. The blockchain domain presents a unique opportunity for the company to enter the regulatory space under AML and CFT guidelines, while also helping its clients with the transition towards a decentralized ecosystem.
“SPC NXT is already uniquely positioned within the blockchain advisory space and has been working with India’s enforcement agencies and banks on asset tracking and forensic advisory. We are proud to partner with them to create a safer blockchain ecosystem. Together, I believe we can help companies to adhere to crypto compliances laws as well as make the space more secure and corrupt-free in a very tangible way in India.” – Mircea Mihaescu, CEO of Coinfirm
“SPC’s partnership with Coinfirm will enable the use of highly advanced blockchain technologies in the Regulatory Technology space to enable tracking cryptocurrencies over the blockchain network, tracing stolen/ lost Crypto Assets, prevention and red flagging of transactions for exchanges and banks under FATF and AML guidelines using Coinfirm’s proprietary platform.” – SPC NXT’s Non-Executive Chairman, Karan Gupta
Over the years SPC NXT has experienced significant digital and cultural transformation. To commemorate its 75th anniversary, SPC NXT’s newly launched brand identity will be aligned with the vision of a technology-led and enabled future. The firm’s new motto – “Transforming Business” – implies the company’s urge to lead through rapid digital transformation and the advancement towards the Web 3.0 era.
The main objective is to mutually enhance the respective firms’ stronghold in the industry by connecting the technological and legal expertise in matters of criminal investigation, law enforcement, AML/KYC solutions, and the recovery of digital assets. Furthermore, the collaboration is aimed at providing holistic services to the clients in the industry of digital assets.
About SPC NXT
SPC NXT is a technology-led multi-disciplinary group of reverent young minds, industry veterans, and experienced professionals founded in 1949 to provide high-impact and cost-effective solutions to global businesses.
Through direct operations in India, North America, and GCC, clients of all spectra including MNCs, Public Listed Companies, Privately Owned Companies, and family-owned businesses have been served directly or indirectly.
Over 70 years of professional excellence and client services, SPC NXT has positioned itself as a one-stop solution for businesses across the globe to navigate challenges across all stages of the life cycle through service offerings in 6 verticals: Technology, Risk, Integrity & Consulting Services (TRICS), Forensic Accounting and Investigation Services (FAIS), Financial Accounting and Audit Services (FAAS), Tax and Regulatory Services (TARS), Shared Services Centre (SSC) and Business Advisory and Transaction Support Services (BATS).
Coinfirm’s AML Platform for crypto assets is powering the mass adoption of blockchain by monitoring and blacklisting funds from ransomware hacks, human trafficking, sanctions evasion and terrorist financing – amongst other crimes – by risk scoring entities, addresses and transactions.
Coinfirm’s risk management platform and services are used by governments, financial institutions, custodians, payment providers, investment funds and exchanges. The 5,600+ protocol-supporting AML Platform utilizes 330+ proprietary risk algorithms to provide a seamless, scalable solution to stringent regulatory requirements for both CeFi and DeFi.
Founded in 2016, Coinfirm is headquartered in London, UK, with the company retaining offices in Canada, U.S., Poland, France and Japan. Over 250 entities have trusted the company to provide RegTech solutions to stay in compliance.
For more information, please visit https://www.coinfirm.com