Crystal Intelligence is proud to announce that we took the spoils in the ‘RegTech and Compliance Project of the Year’ category at the 2024 FSTech Awards. All the winners in the 24th edition of the annual FSTech Awards, which recognizes the financial services technology sector’s brightest stars in the UK and EMEA, were revealed at a glittering gala dinner at the London Marriott Hotel, Grosvenor Square, on Thursday, March 14, 2024.
Congratulations to the Crystal crypto compliance team!
We thank the Crystal team for the hard work which garnered this recognition for the cutting-edge products we build for, and frontline services we render to the crypto industry, and we are proud to have shared the podium with fellow winners such as Lloyds Banking Group & Publicis Sapient, J.P. Morgan, HSBC, and NatWest. We also commend FSTech on hosting the event and appreciate the many sector-related roundtables and conferences they hold each year while also keeping our industry informed and up to date on financial sector technology developments via their online and social media channels.
The customer story behind the crypto compliance award
LPB Bank, a Latvia-based payment services provider with global reach and operating in both the traditional and de-centralized finance sectors, faced several hurdles to functioning effectively and compliantly in the burgeoning crypto industry. A critical one was acquiring fast, accurate, reliable, and actionable blockchain and cryptocurrency transaction monitoring. LPB tried various tools on the market which were not able to keep pace with its regulatory and risk management needs in the crypto industry.
How Crystal helped LPB reach its crypto compliance goals
When LPB turned to Crystal, we implemented our solution swiftly and seamlessly. The intuitive dashboard was accessible enough for LPB’s compliance and risk management teams to learn how to use it quickly, which meant they were soon able to locate and interpret data easily with immediate positive impact.
How Crystal helped LPB maintain its crypto compliance goals
Additionally, Crystal’s solution is fully customizable so the platform’s functionality could be tweaked to LPB’s unique operational requirements on risk management and regulatory compliance. Crystal also supplied customer support services and staff training, which helped smooth the transition to and adoption of its tools within LPB’s existing framework.
LPB Bank thanks Crystal for aiding its compliance journey
LPB Bank thanked Crystal for exceeding its expectations on usability, adaptability, and ongoing support in resolving the issues which needed to be addressed. Crystal has enabled LPB to operate more efficiently within the regulatory framework and compliance environment, and thus improved its standing and sharpened its competitive edge in the crypto industry.
We hope to continue contributing to the growth, safety, and acceptance of the crypto industry this year, and return to the podium at the 2025 FStech Awards.
