ICYMI: Coinbase launches new line of products to mitigate fraud
The new initiative, dubbed Coinbase Intelligence, features Coinbase Know Your Transaction and an update to its existing Coinbase Analytics offering.
Coinbase KYT allows companies to spot illegal transactions through an API and monitor transactions in real-time to mitigate risk based on a"proprietary risk scoring system," according to aCoinbase Analytics, which was an internal tool used to leverage"first-party transactions data"has now been renamed Coinbase Tracer. Coinbase Tracer will now be offered to other institutions to help them reduce fraud and keep track of how funds are moving.
"We’ve also updated our user interface to be more user friendly, visually engaging, and in-line with our other Coinbase products," said the blog post.
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