On-chain security firm TRM Labs has joined forces with banking infrastructure firm Finray Technologies to improve crypto compliance system for banks. The aim is to help banks bring their crypto transaction monitoring system, especially at a time when the EU’s MiCA regulations are in the process of rolling out.
TRM Labs announced the development on Tuesday. It said that fintech and finance institutions can no longer differentiate between traditional payment monitoring and blockchain risk assessment given that the regulatory landscape around the digital assets industry.
As part of this partnership, TRM Labs will integrate its blockchain intelligence with Finray’s compliance workflows. Based in New York City, Finray provides tech stack to modernize traditional financial operations with digital assets integration.
“The integration embeds TRM’s blockchain intelligence into XZiel – Finray’s unified compliance and decision engine — enabling real-time alert triage, automated escalation, case management, and continuous risk assessment across crypto and fiat transactions in a single operational environment,” the announcement noted.
The system will be eligible for use by banks and electric money institutions as well as virtual asset service providers. It will allow enterprises to scale their compliance statuses as per their requirements and enable crypto and fiat transaction monitoring to hold, escalate, and document logs within a single workflow arrangement.
“Financial institutions and crypto businesses need more than raw blockchain data – they need clear, actionable intelligence that stands up to regulatory scrutiny. We are enabling banks, fintechs, and regulated crypto entities to proactively manage digital asset risk and accelerate time-to-market without compromising trust,” said Morley Gordon, Head of Partnerships at TRM Labs.
Finray CEO Oleksandr Potapenko said he strongly believes that managing compliance teams can no longer be pushed to manage fiat and crypto risks in separate systems.
“Embedding TRM’s blockchain intelligence directly into XZiel gives our customers a single, auditable view of risk across both rails — where they can hold, clear, escalate, and document decisions within one environment,” said Potapenko.
The official announcement, multiple times, mentioned that this mechanism will help crypto firms looking to align their operations with the MiCA laws — that are a comprehensive set of regulations that oversee the digital assets sector in the EU.
“Together, we are shortening the path from regulatory intent to defensible, real-time action. That is what operating under MiCA and evolving supervisory expectations actually demands,” Potapenko added.