B-next unveils blockchain surveillance advances

b-next, the specialist provider of capital markets compliance solutions, will showcase its advances in blockchain surveillance, as well as its latest Artificial Intelligence (AI) and behavioural analytics capabilities at Tradetech 2018.

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b-next’s capabilities have been strengthened through recent partnerships with Whitestream, the blockchain rating business and Catelas, the relationship forensics and behavioural content business.

The collaboration with Whitestream is aimed at tackling crypto-currency fraud and monitoring market abuse on the blockchain. This is achieved by generating alerts on trading frequencies, holding periods and watchlist/restricted lists. A rating engine also helps market participants to identify the most reliable entities on the blockchain. A unique algorithm analyses traffic to map the bitcoin network and find blockchain "safe" areas, protecting participants from market abuse.

b-next’s partnership with Catelas delivers a comprehensive, holistic trade surveillance solution. Its advanced algorithms blend relationship analytics and behavioural science to present compliance officers with an unprecedented view into how business is conducted. The integrated solution helps compliance officers to visualise communications, information barriers, control rooms, watch list networks, and chat rooms, automatically. This helps compliance officers to identify high-level risks quickly.

b-next CEO, Wolfgang Fabisch commented, “b-next is proud to sponsor Tradetech for a second successive year. A lack of regulation or standards leaves the blockchain exposed to fraud. Our blockchain surveillance includes a blockchain rating engine and analysis capabilities which will help protect participants from market abuse. Our AI and behavioural analytics capabilities have also been strengthened through our partnerships with Catelas and Whitestream, enabling b-next to offer a truly holistic surveillance solution.”

Wolfgang Fabisch will be participating in a panel discussion at Tradetech 2018 on day two of the event (Thursday 26th April from 12.50-13.25). The topic for the panel discussion will be: How to monitor your trade data accurately under MiFID II requirements and effectively report market abuse.

b-next’s experts will also be available at booth number 65 during Tradetech 2018, to discuss blockchain surveillance, AI and behavioural analytics.

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