Amplify is the second step in the Notabene Implementation phases. The goal Is to start engaging in Travel Rule flows with your counterparties. Assess responses rates and times.
The impact of Travel Rule flows on your customer journeys require cross-team collaboration and thoughtful planning. While working on this, you can start sharing Originator information with your counterparties and responding to the Travel Rule transfers you receive - essentially, complying to the extent possible without collaboration from your customer. This may help you avoid receiving undesired transactions (by rejecting the corresponding incoming Travel Rule transfers). This will also enable you to assess the response rates and average time to response from your key counterparties.
What steps should I take?
Required tasks:
Provide beneficiary data when calling the txCreate API.
Recommended tasks:
Automate the address confirmation via API.
Provide a blockchain transaction hash in a Travel Rule transfer via API.
Set rules for automating incoming messages.
Set rules for automating outgoing messages.
Review and send outgoing Travel Rule transfers.
Respond to incoming Travel Rule transfers.
Connect your Sanction Screening provider.
Once you have completed the required tasks, you can move to the next phase. However, it is important to note that completing all the recommended tasks will increase your chances of success in the next phases.
More technical information is available on our Documentation.
If you have any questions or need assistance with this process, do not hesitate to contact us at support@notabene.id.