A crypto exchange with an urgent requirement to onboard many users for collection and surveillance asked Insightful Technology to set up SOTERIA to help it capture data from multiple sources.
Key challenges
- No existing archival or surveillance system in place
- Needed fast implementation
- Between them, staff speak 21 languages while compliance team speak mainly English
Our solution
- Deployed a customised version of the SOTERIA solution across Insightful Technology’s globally dispersed data centres so data wasn’t crossing different data jurisdictions
- Surveillance scenarios set up to alert on money laundering, fraud and conduct
- Enabled planning the exchange to build its own crypto-specific lexicons
Benefits
One solution: the end-to-end SOTERIA solution meant there was no need for third-party services for capturing, archiving, surveilling and translating data.
Global support: round-the-clock global support improved end-user experience in the exchange’s offices around the world.
Proactive monitoring: the exchange was able to identify and address potential regulatory issues in real time, reducing the risk of penalties, reputational damage and operational disruptions.
