What is Elliptic? Elliptic Review, Features

Founded in 2013, Elliptic is a leading global provider of crypto compliance solutions. Its initial business was to provide Bitcoin storage solutions.

About Elliptic

• Elliptic was founded in 2013 and is headquartered in London, UK. Its initial business was to provide solutions for Bitcoin storage. Now the company mainly provides monitoring services for judicial departments and Bitcoin companies to identify illegal activities on the Bitcoin blockchain. Elliptic's software uses artificial intelligence technology to identify suspicious transaction patterns on the Bitcoin blockchain network and help users locate and track abnormal transactions.

• Since Elliptic’s software can monitor transactions occurring on the blockchain, it can also be used for any blockchain-derived service, which means the company can also help financial institutions conduct transactions using blockchain-derived technologies.

Elliptic Solutions

1. Compliance drives growth

Providing blockchain analytics for crypto asset compliance, enabling your compliance team to manage the risk of Elliptic500+Elliptic crypto assets and meet regulatory requirements. Compliance is a competitive advantage that builds trust with regulators, customers and partners, and it is critical to have the most accurate EllipticAMLElliptic monitoring solution, and it is also critical to invest in your team to build the knowledge needed to stay compliant.

2. Crypto wallet screening

Screen crypto wallets in real time to protect your business from financial crime, uncovering links to money laundering, terrorist financing, and sanctioned entities by considering the wallet’s overall risk profile for all transactions across all major blockchains and assets. Quickly identify the owner of a wallet and the source and destination of their funds, even as funds move between blockchains or change assets.

3. Cryptocurrency transaction monitoring

Fully automated real-time crypto asset transaction monitoring that tracks funds across blockchains and assets, identifying links to terrorist financing, sanctioned entities, and other illegal activities to achieve leading anti-money laundering compliance and protect users’ businesses from financial crime. Use Elliptic to ensure large-scale compliance with anti-money laundering and sanctions, processing tens of thousands of crypto transactions in real time, with features that reveal the movement of assets as they pass through different blockchains and assets.

4. Screening of virtual asset service providers

Assess financial crime risks when working with cryptocurrency exchanges, custodians, and other crypto-asset businesses. Not all cryptocurrency exchanges and businesses are the same. Take a nuanced, risk-based approach to better manage your exposure to 1,000+ Virtual Asset Service Providers (VASPs).

5. Password Investigation

One-click blockchain investigation, visualize and explore crypto asset wallets and transactions, investigate customer activity, and track funds in cryptocurrency at unprecedented speed. Leverage over 100 billion Elliptic data points to gain detailed insight into crypto transactions, addresses, and wallets, and the relationships between them.

6. Overall screening

Track every transaction across the crypto ecosystem for a truly comprehensive view of risk, the only solution for compliance teams to programmatically scale risk assessments and operate effectively in a multi-asset environment.

7. Developer Center

Browse the User Guide and complete reference documentation for Elliptic's API.

Advantages

1. Reduce compliance costs

Automate compliance using Elliptic’s Exchange, Wallet and Elliptic VASP Elliptic Screening solutions, and scale operations as transaction volumes increase without adding headcount.

2. Minimize false positives

Elliptic has linked hundreds of millions of crypto asset addresses to known entities to minimize false positives so your team can focus on high priority alerts.

3. Accelerate risk reporting

Trace activity through the transaction layer to the source or destination of funds and easily export this audit trail for inclusion in a SAR.

4. Visit an encryption expert

Crypto regulatory and technical experts are on hand to receive training, expertise, and share research on money laundering typologies and regulatory trends.