What is SafeConnect profiles?
SafeConnect Profiles are comprehensive digital profiles designed for VASPs to enhance transparency and compliance. This includes but is not limited to Anti-Money Laundering (AML) documents, detailed company information, training program details, and integrations with various marketplaces.
Why is SafeConnect profiles important?
Having a SafeConnect Profile simplifies the process of establishing and maintaining trading accounts, ensuring they remain in good standing, thus facilitating the growth of your business.
SafeConnect Profiles provide invaluable insights into your trading counterparties, enabling you to make more informed and profitable trades while effectively managing counterparty risk in real-time.
What information is visible on my profile?
You maintain full control over your data at all times. By default, your connections only have access to information they are already familiar with, such as their incoming and outgoing transactions involving you.
As a VASP, you understand the paramount importance of upholding trust with your customers and counterparties to ensure continued collaboration.
Your connections may request access to additional real-time aggregate data concerning your business. Granting such access not only instills confidence in customers and market makers regarding your handling of funds but also assists your travel rule counterparties in conducting necessary pre-transaction due diligence.
Various real-time verified aggregate data streams, such as transaction volume, can be shared with connections. Each connection has the ability to request specific data streams from you, with you retaining complete control over what information is shared.
Who are my connections?
In Notabene SafeTransact, your connections consist of parties to transactions that you are involved with:
- Your customers
- Your travel rule counterparties
- Your customers, counterparties.
Any transaction you perform on behalf of a new customer or to a new travel rule counterparty establishes a new connection automatically in SafeTransact.
How much does it cost?
Notabene SafeTransact customers are automatically provided with a comprehensive SafeConnect Profile, enabling them to efficiently manage and share a comprehensive overview of their company with customers and counterparties.
If you're not currently a SafeTransact customer, you can still obtain a free SafeConnect Profile as a counterpart to Notabene SafeTransact customers. However, accessing additional features such as submitting extra data, utilizing connection data via API, or integrating them into automated decision-making processes necessitates a license to Notabene’s SafeTransact product.
For any questions or concerns, reach out to us at support@notabene.id.