NEW YORK, Oct. 17, 2018 /PRNewswire/ — Chainalysis, the leading provider of cryptocurrency compliance and investigation solutions, has completed a global roll-out of its compliance solution with Binance, the world’s largest cryptocurrency exchange by trade volume, to help address the challenges at the intersection of cryptocurrencies, regulators and traditional financial institutions.

“Cryptocurrency businesses of all sizes face the same core challenge: earning the trust of regulators, financial institutions and users,” said Jonathan Levin, Co-Founder and COO of Chainalysis. “We expect many to follow Binance’s lead to build world-class AML compliance programs to satisfy regulators globally and build trust with major financial institutions.”

Chainalysis’ compliance software, Chainalysis KYT (“Know Your Transaction”), is the only real-time transaction monitoring solution for cryptocurrencies. The software uses pattern recognition, proprietary algorithms and millions of open source references to identify and categorize thousands of cryptocurrency services to raise live alerts on transactions involved in suspicious activity.

“By working with Chainalysis, we are able to continue building a foundational compliance program that enables the next phase of our growth,” said Wei Zhou, CFO at Binance. “Our vision is to provide the infrastructure for a blockchain ecosystem and increase the freedom of money globally, while adhering to regulatory mandates in the countries we serve.”

This best-in-class solution enables cryptocurrency businesses and financial institutions to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, while simultaneously making it easier for companies supporting cryptocurrencies to open bank accounts.

In April, Chainalysis secured $16M in Series A funding led by Benchmark to deploy Chainalysis KYT and expand its coverage of cryptocurrencies. It serves over 150 of the world’s leading cryptocurrency businesses, financial institutions and government agencies.

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We are happy to announce that the first edition of Abuja Blockchain & AI Round-Table: Beyond Cryptocurrencies will be held from the 19th-20th of October, 2018 at Ladi Kwali Hall, of Sheraton Hotels, Abuja, Nigeria.

This is a hybrid Conference of Value and Innovation, featuring a melding of the Artificial Intelligence (AI) and Blockchain communities in Nigeria and across the world, exploring the enormous possibilities at the intersection of these two technologies. Attendees will garner actionable, practical insight that can be applied almost immediately thereby kick-starting their entrepreneurial pursuits.

The Conference will bring together business leaders, government and regulatory agencies, data practitioners, AI and Blockchain tech pioneers who are applying artificial intelligence to solve today’s problems and creating tomorrow’s opportunities, while leveraging available tools, to create entirely new values.

Our goal at Abuja Blockchain & AI Round-Table is to provide a common framework for thinking about what the convergence of Blockchain and AI means to Nigeria’s economic prosperity agenda. We aim to bridge the knowledge gap by providing government functionaries, decision-makers, professionals and practitioners with the resources they need to make key business-shaping decisions in a rapidly changing world.

This year’s conference theme is “Blockchain & AI for Economic Advancement!”

About 1000 participants are expected to be at the two-day event.

The event will feature a mix of free-to-attend and paid-for content.

A mobile app for the event, “ABAR” can be downloaded from Google Play Store.

Event Date: October 19-20, 2018. Time 9.00am Prompt

Special Guests, Keynotes, and Conference Speakers include:

• Prof Kingsley Mughalu, 2019 Presidential Aspirant, Former Deputy Governor CBN.
• Chike Ukaegbu, 2019 Presidential Aspirant, Lead Executive, StartUp52
• Mary Uduk, Director General of SEC Nigeria
• Dr Aliyu Abdulhameed MD/ CEO (NIRSAL)
• Mr. Adebisi Shonubi  Managing Director, NIBSS
• Dr. David Isiavwe –ISSAN President
• Dr Amina Sambo Magaji -National Coordinator, OIIE, NITDA
• Musa Itopa Jimoh – Deputy Director, Payment Systems, CBN
• Mohammed Ibrahim Jega – Board Member FG Technology and Creativity Advisory Group, Founder Startup Arewa
• Robert John – first sub-Saharan Africa certified Google Developer Expert in Machine Learning.

The conference promises to showcase a remarkable list of leading voices in the artificial intelligence and blockchain communities across the globe, with the spotlight on local Startups already building out solutions in the ecosystem.

The event is being organised by Blockchain Nigeria User Group. More speakers can be seen on the event website: https://www.blockchainsummit.ng/

Who Should Attend?

Top government decision makers, Regulators, Entrepreneurs, Enthusiasts, Developers, Chief technical officers, Students and Investors interested in innovation at the intersection of AI and Blockchain. We also expect decision-makers from leading financial services companies who are seeking to improve their business using AI and Blockchain Technology to be in attendance.