Elliptic Sets the Bar for On-Chain Risk Management Under New Regulations

Elliptic, a global leader in on-chain risk management, has published a paper called 'Built for Compliance' that outlines nine engineering decisions necessary for fast, accurate, and defensible compliance decisions at scale. The paper comes as new regulations take hold in the US, UK, and Europe, requiring financial institutions and crypto businesses to use AI and explain, configure, and defend every decision it makes.

Elliptic's new paper sets out the nine engineering criteria that financial institutions and crypto businesses should require from every provider, including real-time computation, 99.99% uptime, absorbing volume spikes, and full blockchain coverage. The company's platform delivers the most comprehensive blockchain data and intelligence in the industry, combining unrivaled coverage, accuracy, and uptime.

The UK's FCA crypto authorization gateway has opened up, and Europe's MiCA is now fully in force, while some of the world's largest banks and asset managers have announced a joint venture to issue a US dollar stablecoin. Elliptic's 'Built for Compliance' paper aims to arm financial institutions and crypto businesses with the knowledge they need to make informed decisions about on-chain risk management.