Neterium, the Belgium-based RegTech company focused on global financial crime prevention, announced today that Binance, the world’s largest cryptocurrency exchange by trading volume and users, has successfully gone live with its screening technology, marking a significant milestone in the fight against financial crime at scale.
After extensive internal and external testing, Binance validated that Neterium’s screening engine for customer due diligence checks met its rigorous standards for both effectiveness and efficiency as part of its robust compliance controls. The engine also proved its ability to handle the rapidly growing volume of Binance’s customer activity with speed and reliability during customer onboarding processes.
“Partnering with Neterium greatly ensures our ability to detect and prevent financial crime with higher precision, fewer false positives and faster performance. We selected Neterium for their innovative, forward-thinking approach. We particularly benefit from their seamless, fully automated version upgrades in the cloud. Their pioneering, cloud-native screening API was an ideal fit for Binance. This is a strategic step forward for Binance in reinforcing trust and security in the crypto space.” - Todd McElduff, Enterprise Compliance Director, Binance
Through a close cooperation, Binance and Neterium achieved a seamless and rapid integration of Neterium’s Jetscan API into Binance’s infrastructure, delivering the project in record time and meeting highly ambitious timelines to facilitate the needs for its compliance name screening process.
“We are delighted to have Binance as a customer and value the strong partnership we have built together. Our close collaboration demonstrates how cutting-edge, cloud-native solutions can power the speed and scale of global crypto platforms, while driving compliance excellence and protecting the financial system from illicit activity.” - Florence Vicentini, CCO, Neterium
