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Blockchain Anti-Money Laundering Solutions Boost Financial Intermediaries in Antigua and Barbuda
The picturesque twin-island nation of Antigua and Barbuda has taken another significant step towards embracing digital assets, with a focus on ensuring financial stability and integrity. Sygnum, a leading provider of RegTech solutions, is now offering its cutting-edge blockchain anti-money laundering (AML) solutions to financial intermediaries in the region.
AML Solutions for Financial Intermediaries
According to Magdalena Boskic, Head of RegTech and Crypto Compliance Services at Sygnum, “Our expertise in operational, compliant digital asset services has positioned us as a pioneer in regulated digital asset banking. We are committed to shaping best practices for our clients and partners.”
Sygnum’s AML solutions leverage blockchain forensics to provide transparency and insights into the sources of wealth and quality of digital assets held by clients. The company’s native-to-digital-assets tool, developed since 2019, integrates evolving industry initiatives and regulatory requirements.
Customizable Solution
The solution is designed to be highly customizable, allowing financial intermediaries to adjust business logic, risk scoring, and process automation to meet their specific needs. Sygnum also offers training programs for basic to expert levels, as well as seminars and hands-on workshops for specialists.
Seamless Integration and Real-Time Data Processing
Sygnum’s AML solutions have been designed to integrate seamlessly with existing IT systems, including custody solutions, CRM, core banking systems, and external sources for blockchain forensics. The company’s powerful API function enables real-time data processing and analysis.
Modular B2B Services
In addition to its AML solutions, Sygnum is also offering its B2B services, which feature modular “plug-n-play” functionality to the full suite of integrated banking services, including:
- Bank-grade custody
- Brokerage
- Tokenization
- Lending
- Asset management
This includes dedicated Bank-to-Bank integration via APIs, crypto compliance advisory and education services, automated tools, and tailored financial products.
Time-to-Market Implementation
The company’s modular approach allows financial intermediaries in Antigua and Barbuda to quickly implement digital assets for their clients, with a time-to-market implementation of less than 60 days. Sygnum is shaping the development of a trusted digital asset ecosystem, aimed at accelerating industry growth and enabling impact.
Conclusion
With its cutting-edge AML solutions and B2B services, Sygnum is poised to play a significant role in Antigua and Barbuda’s growing fintech sector, ensuring that financial intermediaries have the tools and expertise they need to operate efficiently and securely in the digital asset space.