29 May 2024, Nice — AzurSafe, a company specializing in cutting-edge artificial intelligence solutions for anti-money laundering (AML), is thrilled to announce that this project has been financed by the government as part of France 2030. This grant endorses an 18-month R&D program aimed at enhancing our proprietary AI model and infrastructure, specifically tailored for Know Your Transaction (KYT) audits in the cryptocurrency sector.
The grant recognizes AzurSafe’s commitment to advancing financial security technology and our role in the global fight against money laundering through cryptocurrencies. The funded program will focus on refining our AI algorithms to detect and prevent fraudulent activities more efficiently, ensuring compliance with both national and international regulations.
“AzurSafe is at the intersection of AI technology and AML analytics , and with this grant, we will push the limits even further. Our AI-driven solutions are designed not only to meet the current crypto regulatory compliance requirements, but also to enable new standards for the industry.”
The company’s CEO, Sam Dabiri
The R&D program will significantly advance our capabilities in two critical areas:
- Advanced AI Capabilities: We are set to elevate our AI technology to unprecedented levels of performance. Our improvements will focus on refining our machine learning algorithms and expand our data to achieve greater precision in detecting and analyzing AML patterns specific to cryptocurrency transactions. This enhancement will result in a more robust system capable of adapting to new threats as they emerge, ensuring superior protection and compliance.
- Infrastructure Enhancements: Our infrastructure will undergo extensive upgrades to increase processing speeds and efficiency. These developments are designed to handle a growing volume of transactions with improved response times, ensuring that our KYT solutions remain at the cutting edge of technology. The enhanced infrastructure will not only support faster data processing but also ensure greater scalability and reliability across our operations.
AzurSafe is committed to transparency and will provide updates on our progress throughout the course of this pivotal project. We look forward to the innovations this program will bring and the positive impact it will have on the cryptocurrency industry.
About us, AzurSafe is a pioneering company developing AI-powered anti-money laundering solutions, specialising in KYT audits to better detect fraudulent activity and reduce the workload of compliance teams for the crypto-currency industry. With a commitment to innovation and excellence, AzurSafe provides solutions that protect financial transactions and support compliance with global regulations.