{"id":15070,"date":"2021-12-07T22:54:12","date_gmt":"2021-12-07T22:54:12","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/amex-visa-citi-paypal-invest-in-crypto-transaction-monitoring-and-forensics-platform\/"},"modified":"2021-12-07T22:54:12","modified_gmt":"2021-12-07T22:54:12","slug":"amex-visa-citi-paypal-invest-in-crypto-transaction-monitoring-and-forensics-platform","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/amex-visa-citi-paypal-invest-in-crypto-transaction-monitoring-and-forensics-platform\/","title":{"rendered":"Amex, Visa, Citi, Paypal Invest in Crypto Transaction Monitoring and Forensics Platform"},"content":{"rendered":"<p><strong>American Express\u2019 Amex Ventures, Visa, Citi Ventures, DRW Venture Capital, Jump Capital, Marshall Wace, Block (formerly Square Inc.), and Paypal Ventures are among investors in the latest funding round of crypto transaction monitoring and forensics platform TRM.<\/strong><\/p>\n<h2>Amex, Visa, Citi, Paypal Invest in TRM Platform<\/h2>\n<p>Crypto transaction monitoring and forensics platform TRM announced Tuesday investments from major financial institutions in its Series B funding round.<\/p>\n<p>The company has raised $60 billion from leading financial institutions, including American Express\u2019 Amex Ventures, Visa, Citi Ventures, DRW Venture Capital, Jump Capital, Marshall Wace, Block (formerly Square Inc.), and Paypal Ventures.<\/p>\n<p>The funding round was led by Tiger Global. It also included investments from 50 of the world\u2019s leading operators including Coinbase President and COO Emilie Choi.<\/p>\n<p>Esteban Casta\u00f1o, TRM\u2019s cofounder and CEO, commented:<\/p>\n<p>Crypto is moving faster than any sector in our lifetimes. Organizations need a blockchain intelligence partner that can stay ahead of the evolving risk landscape \u2014 from ransomware attacks to defi [decentralized finance] exploits.<\/p>\n<p>TRM detailed: \u201cIn support of our mission to build a safer financial system for billions of people, we developed the first blockchain intelligence platform that combines cross-chain data with threat intelligence, advanced analytics, and intuitive visualizations to help organizations detect crypto fraud and financial crime.\u201d<\/p>\n<p>Crypto businesses \u2014 such as Circle, FTX US, and Moonpay \u2014 \u201cuse TRM Transaction Monitoring to detect suspicious activity and meet anti-money laundering (AML) regulatory requirements,\u201d the company said, adding:<\/p>\n<p>Government agencies use TRM Forensics to investigate sophisticated crypto-related crime including scams, hacks, and terrorist financing.<\/p>\n<p>The TRM team includes threat finance experts from the Federal Bureau of Investigation (FBI), the U.S. Secret Service, and Europol. It also includes data scientists from companies like Apple, Amazon, and Google.<\/p>\n<p><em><strong>What do you think about major companies investing in TRM? Let us know in the comments section below.<\/strong><\/em><\/p>\n<p>Bitcoin News<br \/>\nFinance, amex, Blockchain Forensics, Circle, Citi, CitiBank, CitiGroup, Coinbase, Compliance, crypto forensics, crypto transaction monitoring, FTX.US, funding round, Government, Hacks, Moonpay, Paypal, Scams, TRM, TRM labs, VISA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>American Express\u2019 Amex Ventures, Visa, Citi Ventures, DRW Venture Capital, Jump Capital, Marshall Wace, Block (formerly Square Inc.), and Paypal Ventures are among investors in the latest funding round of crypto transaction monitoring and forensics platform TRM. Amex, Visa, Citi, Paypal Invest in TRM Platform Crypto transaction monitoring and forensics platform TRM announced Tuesday investments&hellip;<\/p>\n","protected":false},"author":0,"featured_media":15071,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-15070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/15070"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=15070"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/15070\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/15071"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=15070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=15070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=15070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}