back Back

Gemini chooses ComplyAdvantage for advanced customer screening compliance

By Pavithra R

April 13, 2021

  • Gemini
  • United States

Gemini chooses ComplyAdvantage for advanced customer screening complianceComplyAdvantage, a global data technology company transforming financial crime detection announced that Gemini Trust Company, a New York trust company that is a licensed cryptocurrency exchange and custodian has selected its hyperscale platform for anti-money laundering risk management.

Throughout the world, compliance teams are looking for intelligent technologies that can uncover risk in real-time and decrease operational costs so their companies can transact with trust and grow with confidence. With escalated adoption of cryptocurrency and digital assets, Gemini was looking for a solution that could continue to scale with its rapid growth.

“We selected ComplyAdvantage because of the company’s agile approach to financial crime risk management. ComplyAdvantage’s hyper-scalable model, customizable screening solution, and collaborative approach to Gemini’s model were critical to meeting our compliance needs,” said Elena Hughes, Chief Compliance Officer at Gemini.

Founded in 2014 ComplyAdvantage is a RegTech company that provides anti-money laundering technology. By leveraging its proprietary data asset and advanced machine learning the firm helps Gemini in detecting sanctions and adverse events while uncovering hidden risks during customer onboarding and throughout the client lifecycle, automating AML risk monitoring while maintaining the highest level of compliance oversight and integrity.

“Gemini is a great example of a market leader implementing the best in compliance practices to support the company’s customer on-boarding. Now, Gemini can scale with our real-time, high quality sanctions, PEPs, and adverse media solutions, allowing them to make more informed decisions on their customers relative to their risk-based approach,” said Charles Delingpole, founder and CEO ComplyAdvantage.

Founded in 2015, by Cameron and Tyler Winklevoss, Gemini is a next-generation cryptocurrency exchange and custodian that allows customers to buy, sell, and store more than 30 cryptocurrencies including bitcoin, bitcoin cash, litecoin, ether, and Zcash.

Previous Article

April 12, 2021

Business Process Automation company DocuPhase acquires Clearwater Payments

Read More
Next Article

April 13, 2021

Twenty7Tec completes APPLY integration with TSB

Read More

IBSi Daily News Analysis

digital wallets

March 01, 2024


Banking Sector and regulatory framework: addressing India’s growing demand for secure lockers

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 01, 2024

AsiaVerify & Visa to bolster digital payments and banking in APAC

Read More

March 01, 2024

FinTech Focus: Catch latest developments of the week

Read More

March 01, 2024

Fimple partners with CR2 to enhance digital banking and payments

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023