NEW YORK, July 20, 2022 (Newswire.com) –
Trillium Labs, a pioneering provider of financial technology services, today announced that Figure Technologies Inc. (Figure™), a leader in transforming financial services through the power of blockchain, will now use Trillium Labs’ Surveyor enterprise trade monitoring solution for Figure ATS, an alternative trading system which is registered with the US Securities and Exchange Commission (SEC) and which is part of the Figures Marketplace trading platform. Figure Technologies is the first blockchain client of Surveyor, which has steadily increased its coverage of digital assets.
“After launching Figur ATS, we knew there was a need for a trade monitoring partner that could provide the necessary support that would allow us to effectively monitor for unique behavior and activity. The Surveyor enterprise trade monitoring solution enables us to continue to meet our regulatory obligations, while helping to protect the integrity of Figure ATS,” said Brian Vecchio, BSA/AML manager for Figure Marketplace.
Director of Product Melissa Watras said: “We are thrilled to have Figure as our first Blockchain client. As digital assets continue to become more regulated, this partnership provides the unique opportunity to prepare the industry for the next generation of compliance and regulatory software. “
Surveyor’s value proposition uses a two-pronged approach to reduce your organization’s trade monitoring costs. First, Surveyor’s patented full-depth of book detection algorithm reduces false positives, while our advanced end-to-end workflow functionality eliminates wasted time managing false positives. Second, Surveyor’s engineering team manages both data connections and data normalization, freeing up your resources to focus on development to support monetization. A compliance tool built with the compliance officer in mind, learn more about Surveyor here.
About figure
Figure is transforming financial services through blockchain, bringing speed, efficiency and savings to both consumers and institutions. Figure continues to reveal a range of fintech news across the capital markets, investment management and banking and payments sectors. The figure utilizes provenance for loan origination, servicing, financing and now private fund services. The company was founded in 2018 by serial tech entrepreneur Mike Cagney, who also founded SoFi and built the company into a multi-billion-dollar business under his leadership as CEO. Learn more at www.figure.com.
About Trillium Labs
Founded in 2014 by e-commerce pioneers, Trillium Labs is a financial technology company dedicated to delivering innovative RegTech solutions built to be accurate and intuitive. Surveyor, our flagship, operates the best execution and software for trade monitoring and detection on a global scale. We deliver real-time actionable insights across equity, derivatives, fixed income and crypto markets, enabling organizations to fully comply with applicable policies and regulations without disrupting their business growth objectives. Surveyor is the only patented solution to use a full depth book to significantly reduce false positives. Surveyor’s mission to “discover accurately, display intuitively” is at the core of Trillium Labs’ dedication to providing reliable solutions to the ever-evolving economic landscape. To learn more, visit www.trlm.com/surveyor or contact [email protected].
Source: Trillium Labs
