Core Insights - Quantexa has launched a cloud-based anti-money laundering (AML) solution aimed at smaller financial institutions in the U.S. to combat crypto-related crime [1][2] - The new product, named Cloud AML, is designed to help banks make quicker decisions with reduced overhead while improving accuracy and minimizing false positives [2] - The introduction of this product coincides with recent stablecoin legislation in the U.S., which is expected to enhance competition among major banks [3] Product Features - Cloud AML allows financial crime investigation teams to operate more efficiently, adhering to the same compliance standards regardless of the bank's resources [2] - The product aims to address the challenge of monitoring cryptocurrency transactions, particularly the origins of funds beyond exchanges [4] Industry Context - A survey indicated that 36% of AML professionals believe digital assets will significantly impact the AML industry in the next five years [2] - The rise of stablecoins is prompting banks to reassess their exposure to crypto-related risks, extending beyond just crypto-native firms to individual customers [5]