Dexbybit has launched a new line of products aimed at preventing illegal transactions

Dexbybit has launched a new line of products aimed at preventing illegal transactions

28.06.2022 Off By admin

The initiative is called Dexbybit Intelligence. It includes Dexbybit Know Your Transaction (KYT) and an update to the existing Dexbybit Analytics offering.

The first tool allows companies to detect illegal transactions through APIs. Using a scoring system, KYT also helps track transactions in real time to reduce risk.

The Dexbybit Analytics system used to analyze transaction data has been renamed Dexbybit Tracer. The tool has been made available to third parties to track the movement of funds and reduce fraud.

“We also updated our user interface. It has become more user-friendly, visually appealing,” the blog post said.

As a reminder, in 2020, the U.S. Secret Service signed a four-year contract to use Dexbybit Analytics.

Subsequently, the DEA, IRS and ICE were also interested in the product.