Hi everyone!

We’re excited to share our most recent release with you. This release brings operational metrics to the compliance dashboard, a seamless login experience, free sanction screening from TRM, and much more. 

1. Receive weekly notifications about pending Travel Rule data transfers in your dashboard

A weekly email summary of pending Travel Rule data transfers

Our customers will receive weekly email notifications with an overview of pending transactions in their compliance dashboard. This email alerts them of incoming and outgoing data transfers that require their manual review. With a less-invasive email cadence, Compliance Officers can monitor the number of pending transactions and mitigate their workload by adjusting appropriate rules

2. Receive an alert when an outgoing transaction is missing required counterparty data

In-app and API popups when an outgoing transaction is missing mandated data in the Beneficiary VASP’s jurisdiction.

Notabene’s compliance software now highlights the fields that are missing data required in the Beneficiary VASP’s jurisdiction. Our customers will receive a preemptive warning when we suspect that the Beneficiary VASP may decline a transfer due to missing fields.” This feature removes the risk of having data transfers declined due to missing information. 

While filling out this data is optional, it allows the Originator VASP to mitigate the risk of the transfer being declined and speeds up the transfer response rate. This update offers enhanced visibility into which data is required depending on the Originator VASP’s and Beneficiary VASP’s jurisdictions.

How it works:

(Transfer creation form. Notabene)

While creating a Travel Rule transfer manually, customers will be able to see a warning when the Beneficiary VASP might decline a transfer due to missing fields. As a Beneficiary VASP, you’ll also be able to see which data is missing in your incoming transfer and is required by your jurisdiction. 

(A view of the missing fields according to the Beneficiary VASP’s requirements.)

3. Secure and seamless login experience

This feature integrates Auth0, bringing the security of Client ID/Client Secret without passwords. 

From now on, you can log in to Notabene with Google or using our magic link functionality.

Login to Notabene's Crypto Regulatory compliance software with Google.)

How it works:

  1. Navigate to the login page
  2. You will be redirected to the Auth0 login page, where you can log in with Google or an email address
  3. Singing in with Google takes you directly to the compliance dashboard
    3a. Signing in with your email address sends you a login link
    3b. Clicking the link takes you to your compliance dashboard

4. We automatically confirm your company’s blockchain addresses

Today, we make it even easier for our customers to automatically confirm that they are an intended Beneficiary of an incoming Travel Rule data transfer. 

We’ve integrated a simple webhook that allows you to confirm a receiving blockchain address against an up-to-date list of your company’s operational blockchain addresses. No need to upload or register a new list every time it changes. This reduces the risk of confirming a data transfer that was not intended for them and speeds up the transfer response time.

5. View metrics on your compliance dashboard

Today, our customers can see a list of exciting metrics, including how many transactions are initiated, sent, received, and accepted/rejected by their counterparty VASP.

We wanted to enable our customers to be able to surface their data and be able to make decisions based on their Travel Rule data. You will see the dashboard available under the “Dashboard Tab”. Metrics are broken out by Outgoing and Incoming. Outgoing is focused on transaction data that you have sent. Incoming is focused on data for transactions that have come from other VASPs. 

We've integrated metrics on total Travel Rule transactions, Response Rate and Success Rate on the Outgoing and Incoming Transaction pages. We think users will love being able to see all their data and utilize it to make decisions. 

(Travel Rule transaction metrics in the Notabene Dashboard) 

6. We offer a free plan to your counterparties

This feature helps our customers collect the missing Travel Rule data transfer for incoming transactions. 

For every incoming transaction above the Travel Rule threshold, Notabene will attempt to identify the Originator VASP and send an automated email requesting a Travel Rule data transfer. 

The recipient will receive a link to sign up for our Sunrise Plan–a free plan that allows our customer’s counterparties to send and respond to Travel Rule data transfers. We will then prompt them to fill in the missing Travel Rule information on said blockchain transaction. 

The moment a Travel Rule data transfer is sent, the information automatically updates in the Beneficiary VASP’s dashboard.

How it works:

(Automated counterparty outreach flow. Notabene) 

7. Free sanction screening from TRM 

Our partners at TRM Labs have shipped a free, API-based screening tool. The blockchain analytics provider created this tool specifically for members of the crypto ecosystem who wish to be alerted when sanctioned crypto addresses are engaging with their platforms, including addresses linked to newly sanctioned Russian designated individuals and entities. 

How to turn on this feature: 

  1. Login to your Notabene Dashboard
  2. Navigate to the Marketplace located at the top right-hand corner
  3. Select the TRM tab
  4. Navigate to the TRM Sanction Screen
  5. Follow the instructions to get an API key 
  6. Paste the API key into the form
  7. Link the accounts. 

When you view the details of your next transaction, the ‘Address Sanctioned’ field will return ‘YES’ or ‘NO.’