Jocata, a B2B (business-to-business) fintech and regtech platform provider for the BFSI industry has partnered with CoinDCX to strengthen their anti-money laundering (AML) compliance processes. 

In partnering with Jocata, CoinDCX has joined several financial institutions in India and across various geographies that leverage its artificial intelligence (AI)-based insights to make faster and better decisions, reduce false positives and correctly identify false negatives.  

This partnership will enable CoinDCX to augment its AML framework to navigate through the developing regulatory landscape. CoinDCX will leverage Jocata’s RegTech product suite to monitor & report suspicious transactions to the Financial Intelligence Unit (FIU-IND).

Shailesh Deshpande, Director of Growth at Jocata said, “We have consistently worked with our partners to accelerate value creation in their business and provide them with world-class tools for FinTech & RegTech adoption. We are excited to collaborate with CoinDCX, one of the pioneers of the crypto revolution and assist them build a responsible and safe Crypto environment.”

Rohan Bhandari, Head of Compliance at CoinDCX, said, “As the industry undergoes continuous evolution, our commitment remains steadfast in fostering trust, transparency, and prioritizing education for stakeholders to enhance the safety and compliance of VDAs and Web3. We will continue adhering to AML norms and complying with relevant legal requirements. CoinDCX also remains committed to closely collaborating with authorities to identify and mitigate potential risks associated with the usage of VDAs in the future. Our ongoing efforts prioritize the security and compliance of our platform, enabling a safe and trustworthy environment for our valued users.”