At Obsessive Labs, we’re in the business of driving outcomes for the leading players in the crypto space. What hurdles can we overcome for your organization?
We’ll find a solution where none exists or we’ll make one.
Enhancing Fraud Detection and KYC Systems for a Leading Crypto Company.
Problem
Company X, a leading cryptocurrency firm, struggled with rising fraudulent activities and identity theft, necessitating a more robust and efficient system for identifying fraudulent transactions, categorizing data, spotting fake IDs, and ensuring legal compliance.
Solution
Obsessive Labs developed a tailored AI-based solution for Company X, involving data labeling and categorization, fraud detection, KYC systems improvement, and compliance monitoring. This solution utilized advanced machine learning algorithms, AI-powered identity verification tools, and real-time monitoring systems.
Results
The solution resulted in a 98% accuracy rate in fraud detection, real-time processing of large data volumes, ensured compliance, and significant cost savings due to reduced fraud and operational inefficiencies. Consequently, Company X is better equipped to address challenges in the crypto space while safeguarding its users.
Driving User Growth and Increasing Profitability for a Crypto Startup
Problem
A rising crypto startup faced challenges in establishing a strong brand presence, building a loyal user base, optimizing marketing efforts, and navigating complex crypto regulations. They struggled with a limited user base, marketing expertise, resource constraints, and network limitations, which hindered their growth and profitability.
Solution
The startup partnered with Obsessive Labs, who developed a strategic marketing plan, provided proactive suggestions for improvement, and granted access to their vast network and resources. This comprehensive approach included tailored content creation, social media management, targeted promotions, partnership development, investor relations, and risk management.
Results
The partnership resulted in a significant increase in the user base, higher conversion rates, increased profitability, significant cost savings by replacing unreliable business development employees and expensive agencies, and successful collaborations and partnerships. This support helped the startup overcome challenges, drive user growth, increase profitability, and save thousands of dollars, highlighting the value of Obsessive Labs’ support in the crypto space.
Significant user base growth
Significant cost savings
Increased profitability
Successful collaborations and partnerships
Unmasking International Money Laundering: A Cross-Border Investigation of Cryptocurrency Transactions between Europe and Ghana.
Problem
A prominent European bank identified a series of suspicious cryptocurrency transactions between Europe and Ghana, raising concerns about potential money laundering or funding of illegal activities. This led the bank to seek specialized services to trace the funds, detect crypto fraud, and link suspicious activities to real-world entities.
Solution
A specialized firm was engaged to conduct a comprehensive investigation involving data collection, transaction analysis, wallet analysis, link analysis, and risk assessment. Advanced forensics tools, analytics tools, and risk management expertise were utilized to trace the source and destination of transactions, identify patterns and anomalies, and determine ownership and connections to known criminal entities.
Results
The investigation revealed links between the funds transferred and criminal activities, leading to the identification of several wallet addresses in Ghana associated with known criminal entities. The investigation also uncovered several regulatory violations by the cryptocurrency exchanges involved. Based on the investigation, the bank took appropriate actions to prevent further illicit activities and comply with regulatory requirements. The findings also helped law enforcement agencies in Europe and Ghana to take legal actions against the individuals and entities involved.
Uncovering of regulatory violations by cryptocurrency exchanges
Facilitating legal actions against individuals and entities involved in criminal activities
Identification of funds linked to criminal activities
Enabling actions to prevent further illicit activities and comply with regulatory requirements