Digital asset custody platform Palisade taps Cable for next-gen financial crime compliance
We’re excited to announce Palisade has selected Cable’s tech-enabled financial crime product suite to boost its automated risk and compliance capabilities.
Palisade is building a best-in-class, multi-chain, digital asset custody platform utilizing the latest advancements in MPC and HSM technologies. The company is furthering its mission to transform security in the digital asset space by joining forces with Cable to bolster the company’s financial crime risk assessment capabilities and future automated compliance infrastructure as the company grows.
Palisade helps organizations protect their assets by offering tools for safely and securely holding, managing and interacting with their assets through an array of compliant and intuitive features, including wallet provisioning, counter-party risk mitigation, AML screening, token issuance, exchange integration, and more.
Manthan Dave, co-founder of Palisade, said, “We are delighted to partner with Cable to leverage automated financial crime risk assessment capabilities and expand automation across our compliance program. Integrating the latest advanced compliance tooling in Cable’s platform is fully in line with building our fully compliant, regulated, digital asset custody platform that our customers can trust and confidently rely on.”
Cable’s all-in-one financial crime effectiveness testing platform offers banks, fintechs, and crypto firms a purpose-built suite of tools to ensure compliance with financial crime requirements, including tech-enabled risk assessments, automated assurance, quality assurance, management information, reporting, and more. Cable recently raised an $11M Series A to expand its team and quicken its product development pace.
“We are excited to team up with Palisade to continue to advance their robust compliance program,” said Natasha Vernier, Cable CEO. “In the current regulatory environment, it’s more clear than ever that compliance is central to the success of the best digital asset firms like Palisade, and firms are making critical compliance investments to ensure their products are completely compliant and trustworthy from inception.”
Interested in automated financial crime effectiveness testing?
Book a demo here to see Cable’s platform in action.
