A recent episode of DACOM Digital, a podcast by Solidus Labs, featured Imogen Bester, Market Surveillance Lead at Luno, a global cryptocurrency exchange. Imogen discusses Luno's experience using Solidus Labs' HALO platform for market integrity and her perspective on the future of the cryptocurrency industry.
Before implementing HALO, Luno's market surveillance was static and resource-intensive, necessitating a solution that could improve efficiency by reducing manual monitoring of alerts, enhance precision by identifying real risks instead of generic indicators, and facilitate investigations by providing context-specific data.
Luno integrated Solidus Labs' HALO platform, a real-time market integrity hub. HALO offers:
- Automated Alerting: Analyzes vast amounts of data to identify suspicious activity.
- Dynamic Risk Assessment: HALO's advanced analytics enabled Luno to move from static risk indicators to dynamic risk assessment, allowing for real-time monitoring and adaptive risk management.
- Risk Segmentation: By segmenting customers based on trading behavior, HALO provided insights into different risk profiles, allowing Luno to tailor surveillance efforts effectively.
- Cross-Platform Monitoring: HALO's comprehensive monitoring extended beyond Luno's platform to analyze transaction flows across multiple venues, enabling Luno to identify and mitigate potential risks associated with fund transfers.
- DeFi Risk Assessment: Luno's crypto security team leveraged HALO's capabilities to monitor emerging risks in the DeFi space, ensuring informed decision-making.
By using HALO, Luno has achieved:
- Increased Efficiency: HALO's dynamic risk assessment and segmentation capabilities optimized Luno's surveillance efforts, reducing operational overhead and improving resource allocation.
- Improved Risk Detection: Focused resources on real threats instead of false positives.
- Enhanced Regulatory Compliance: Luno's adherence to regulatory requirements was strengthened by HALO's robust surveillance, enabling proactive risk mitigation and ensuring compliance across diverse jurisdictions..
- Adaptability to Emerging Risks: HALO's cross-platform monitoring and DeFi risk assessment capabilities empowered Luno to stay ahead of emerging risks, safeguarding its customers' assets and maintaining trust in the platform.
By using the right market surveillance solution, which is what we found with Solidus Labs' HALO platform, we've been able to further embed our reputation for prioritizing compliance and safety. This is particularly impactful because HALO is already recognized as a preferred tool by regulators in the crypto space.
Imogen Bester
,
Market Surveillance Lead
,
Luno
