Ibanera, a global fintech, announced on Thursday it has teamed up with BitAML, an international compliant advisory firm for bitcoin and cryptocurrency market, for compliance advisory services. Through the collaboration, BitAML will be providing digital asset compliance consulting for Ibanera cryptocurrency-related activities.
According to Ibanera, BitAML offers compliance advisory services and consultation for regulated cryptocurrency companies, which includes bitcoin ATM operators, exchanges, traders and trading platforms, hedge funds, and other innovative solutions providers. While sharing more details about the partnership, Joe Ciccolo, President of BitAML, stated:
“In an evolving global regulatory environment for digital assets, it is essential to maintain up-to-date compliance procedures. Our work with Ibanera strengthens our footprint in the fintech and banking community.”
Bjorn Snorrason, General Manager of Ibanera, then added:
“BitAML’s compliance advisory services will help Ibanera’s Virtual Currency Banking clients stay on top of the latest compliance requirements in a way that doesn’t put a strain on day-to-day business. BitAML is an important addition to our growing in-house digital asset compliance program.”
As previously reported, Ibanera’s platform provides account issuance, cross-border transfers, and currency exchange services to both corporate and retail customers. Through the collaboration, Ibanera customers will now be able to leverage the Fireblocks Network to safely transfer crypto funds in real-time. Fireblocks’ technology uses multiparty computation (MPC) and patent-pending chip isolation technology (SGX) to protect users’ private keys, deposit addresses, and API keys.