One of the leading bank-backed cryptocurrency fintech companies Circle has signed an agreement with Nice Actimize to develop the crypto market surveillance technology, Finextra reports.
Nice Actimize is autonomous financial crime management, which in partnership with Circle will augment key infrastructure to guard against market manipulation across cryptocurrency exchange Poloniex.
Circle CCO, Robert Bench, says the crypto market has a number of surveillance vendors that address traditional asset classes. However, Circle needed a partner that could adapt its traditional market expertise to "the unique elements of the crypto market."
"As a leading crypto finance company, it was important that we work with a leading financial crime solutions provider like NICE Actimize which provides industry-leading solutions for the rapidly changing financial crime, risk and compliance landscape," he added.
Last year, stock exchange NASDAQ said it had tools to use surveillance technology regarding various crypto exchanges.
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