Introducing the Elliptic Lens

At Elliptic, we believe that compliance teams from fast-growing fintech businesses to major exchanges can transform their compliance when they have the right tools and insights they need at their fingertips – not buried in misaligned workflows and complex processes.

Starting today, we’re proud to announce that you can improve your risk management (and, dare we say, compliance excellence) with Elliptic Lens, an easier and more accurate way to perform due diligence on crypto wallets to prevent money laundering, comply with sanctions and combat fraud – before transactions take place.

Are you ready for an elliptical lens zoom? Learn more about it here

Most, if not all, banks and businesses do not want to support nefarious activities. However, due to a lack of proper tools and insights to discover the identities of the people they transact with, many do so inadvertently, resulting in violations and harsh penalties. Being able to review your wallet and determine who you are dealing with before you approve a transaction is therefore an integral, preventative first step in preventing criminal activity and minimizing the risk of costly fines. In addition, our team developed Elliptic Lens, a powerful, instant and accurate solution for brokers, OTC traders, exchanges and other trading cryptoassets to systematically review wallets, optimize risk mitigation and protect your business – before the transaction takes place.

According to Andrea Ramoino, VP of Products at Elliptic, “Elliptic Lens is a powerful addition to an already powerful suite of solutions. Our entire platform can now deliver risk insights for banks and businesses at critical moments in their entire compliance lifecycle, leaving no stone unturned. With the addition of Lens, we continue our mission to fight financial crime and protect the blockchain community with the most automated, integrated and advanced cryptoasset risk management solutions.”

“Elliptic Lens is a powerful addition to an already powerful suite of cryptoasset risk management solutions.”

Andrea Ramoino, VP of Product at Elliptic

Review your wallets, increase your compliance

Combining the most accurate multi-currency blockchain data covering millions of addresses with superior compliance and regulatory expertise, Elliptic Lens is purpose-built for you to detect risk and achieve superior compliance from pre- to post-transaction:

• Analyze crypto wallet history, check it against known risks and protect your business from illegal actors.
• Screen for sanctioned persons, stay safe from exposure to OFAC-linked wallets and avoid costly fines.
• Increase your due diligence and securely engage customers by evaluating the other party’s blockchain activity.
• Automate, accelerate, harden and scale ability to verify your wallet through our API.
• Maintain constant alignment by pairing it with the Elliptic Navigator for continuous monitoring of transactions carried out through the wallets you have viewed.

Elliptic Lens covers risk across a wider range of cryptoassets, including the top five by market capitalization: BTC, BCH, LTC, ETH, XRP and ZIL.

Getting started with an elliptical lens

The Elliptic Lens is available for purchase starting today. Contact us for more information.

Already an existing Elliptic customer? Contact your Customer Success Manager or email customer@elliptic.co to discuss including Elliptic Lens with Elliptic Navigator for compliance excellence.