As a blockchain-based online bank, Saifu's IT system is based on a trusted e-money and payment platform because it has been tried and tested in the market for over 15 years. The systems within Saifu have been seized with the EU Money Directive, EU Money Payment Service Guidelines 2009/110 / EC, and IFRS Standard 2007/64 / EC. That's why Saifu became a licensed online banking platform.
Saifu Crypto Vault
As discussed in the previous article, Saifu has a feature called Saifu Crypto Vault to safely manage customer cryptocurrency. Saifu Crypto Vault is based on technology developed by Thales who has been recognized as a leader in world banking security technology. It is a great decision chosen by Saifu team to protect the access of all Saifu customer accounts. Thales Hardware Security Module will store access keys for each of the Saifu customers' accounts. Certainly, the key will be stored safely and will not be stoled by hackers, even if hackers have managed to hack Saifu system. Saifu is also has 'Treasury vaults' and 'Operation vaults' systems to protect customer's money. Each transaction can only work if two trusted members of Saifu team insert a smart card into the Security Module simultaneously, but all the transaction process still rely on transparency.
Saifu Multi-Layered Security
Saifu is also equipped with multi-layered security system to ensure all transactions run are always safe. The system includes several interrelated and complementary features, including Multi-Factor Authentication (to block unauthorized access to accounts), Data Encryption (to protect sensitive information), Web Application Firewalls, Internal Firewalls and Hypervisors, Anti= Software Malware, Integrated Security Management (including advanced Information Security & Event Management System), DDoS (Distributed Denial of Service), Prevention System & Intrusion Detection, Security Patch Management, Integrity Monitoring of Operating System File, Security Training Program for Saifu Employees, Source Code Auditing, Penetration Tests, Access Rights Management, and Incident Response Plan.
Anti-Money Laundering (AML) on Saifu
Although Saifu is a blockchain based platform, but Saifu does not offer a wallet for the customers, but offer an account in cryptocurrencies. Therefore, customers do not have the authority to access their private crypto keys directly. In addition, customers can only do blockchain transactions within the Saifu interface. This approach allows Saifu to monitor all blockchain incoming and outgoing transactions, and can examine the major risk factors for AML to be tracked immediately if at any time connected to suspicious entities. Such entities may be darknet markets (hidden markets that sell illegal goods using bitcoin), ransomware/ stolen coins (receive funds taken from stolen coins), mixers/ tumblers, scams, unlicensed business money services, and unlawful online gambling.
With the AML system, it can be assured that customers will be able to conduct cryptocurrency and fiat transactions safely and obediently.
More Information:
Website: http://saifu.ai/
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Facebook: https://www.facebook.com/saifuai/
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Twitter: https://twitter.com/AiSaifu