How does Cense AG help banks manage risks related to DeFi transactions?

Decentralized finance (DeFi) represents a growing area of risk for banks due to the anonymity, lack of regulation, and the decentralized nature of many DeFi protocols. Traditional compliance tools are often ill-equipped to handle the complexity of DeFi transactions, where users can interact directly with smart contracts and engage in activities like lending, borrowing, and staking, all without any central oversight.

Cense AG provides banks with the tools they need to assess the risks associated with DeFi transactions. Our platform analyzes interactions between wallets and DeFi protocols, tracking user behaviors such as participation in high-risk platforms, use of mixers, or engagement in yield farming schemes that could be linked to illicit activities. By providing detailed insights into DeFi wallet activities, Cense AG helps banks assess the legitimacy of their clients’ DeFi interactions, ensuring that they are not unknowingly exposed to financial crimes facilitated through decentralized protocols.