BIG Blockchain Intelligence Group & Einstein Exchange Sign Agreement For Security Tools & Services
BIG Blockchain Intelligence Group Signs Full-Suite Client Agreement with Einstein Exchange
BIG Blockchain Intelligence Group Inc, a leading developer of Blockchain technology search, risk-scoring and data analytics solutions, has announced that the Company has signed a client agreement with Einstein Exchange for the use of BIG's full suite of cryptocurrency security tools and services.
Einstein Exchange, Canada’s largest and fastest growing exchange, is looking to leverage BIG's transaction risk-scoring BitRank Verified service, its QLUE cryptocurrency investigation platform, and its custom Forensic Services Division.
Meet BIG’s BitRank Verified and QLUE
BitRank Verified is BIG's brainchild which was developed to be the industry gold standard in ranking and verifying cryptocurrency transactions.
BitRank VerifiedTM offers the financial world a simplified front-end results page, enabling consumer-facing bank tellers, bitcoin ATM operators, cryptocurrency exchanges, eCommerce sites and retailers to know whether a proposed transaction is safe to accept, questionable, or should be denied.
QLUE on the other hand, is Qualitative Law Enforcement Unified Edge that enables Law Enforcement, RegTech, Regulators and Government Agencies to literally “follow the virtual money”. QLUE™ incorporates advanced techniques and unique search algorithms to detect suspicious activity within bitcoin and cryptocurrency transactions.
What the BIG and Einstein Exchange Partnership Entails
Under the Agreement, BIG will be paid a fee on Bitcoin transactions processed through Einstein’s exchange platform that utilize BIG’s proprietary BitRank VerifiedTM service. It will also be paid a monthly licensing fee for access to BIG's QLUETM platform.
In addition it will be paid on an as-needed basis for the Forensic Services Division team of investigative experts to perform and deliver custom forensic investigations in cases of irregularities or security issues that require in-depth expertise and experience, either in conjunction with or supplemental to BIG’s BitRank VerifiedTM and QLUETM tools.
BIG’s comprehensive suite of tools and services will enable Einstein Exchange to reduce the exchange’s risk exposure related to cryptocurrencies; increase confidence in meeting regulatory compliance; increase security through Anti-Money Laundering (AML) efforts; deliver transparency regarding the legitimacy of transactions;
among other benefits.
Einstein is the leading cryptocurrency exchange and one of the world’s largest and fastest growing exchanges by trading volume. The exchange is fully transparent, collaborates with global financial institutions and regulatory agencies, and engages in rigorous anti-money laundering (AML) and customer verification (KYC) policies as part of its focus on security and safety of wallets.
Einstein Exchange’s CEO, Michael Gokturk said with BIG's BitRank VerifiedTM product embedded into its existing platform, and BIG's QLUETM engine and their Forensic Services Division at its disposal, the company can offer its customers the highest security and peace of mind to date when they look to invest in cryptocurrency.