FinchTrade, a leading liquidity provider and OTC desk active since 2021, has announced a strategic partnership with JayBee, a Swiss-based firm specializing in compliance, regulatory, and risk management services. Serving clients in over 30 countries, FinchTrade faces complex regulatory demands that require advanced solutions. This collaboration aims to transform the compliance landscape for crypto and FinTech businesses, combining FinchTrade’s MarketGuard platform with JayBee AG’s regulatory expertise to deliver a streamlined, innovative approach to compliance.
Addressing Compliance Challenges for Growing FinTech Firms
As FinchTrade scaled its operations, navigating Switzerland’s complex regulatory environment became increasingly challenging. The rigorous requirements imposed by Swiss financial laws demand strict adherence to Anti-Money Laundering (AML) and Know Your Customer (KYC) standards, necessitating ongoing monitoring, meticulous documentation, and timely reporting. For FinchTrade, managing these processes internally was becoming a burden, prompting a search for an experienced partner who could enable efficient compliance as the company continued to grow.
A Solution Built for Compliance and Growth
JayBee AG’s specialized compliance solutions provided FinchTrade with the support necessary to meet Swiss regulations effectively, without stifling growth. By outsourcing key functions like AML and risk management, FinchTrade can now focus on its core business, assured of full regulatory compliance. The partnership includes:
- SRO Membership Application & Support – JayBee guided FinchTrade through Swiss self-regulatory organization (SRO) membership, aligning processes with AML laws and regulatory standards.
- FINMA Non-Action Letter and Licensing – JayBee secured a FINMA non-action letter for FinchTrade, enabling the company to operate within regulatory bounds without additional licenses, saving time and resources.
- Comprehensive Cross-Border Framework – JayBee’s expertise ensures that FinchTrade’s international transactions comply with Swiss and international regulations, providing a robust framework for cross-border operations.
- RegTech Integration with MarketGuard – JayBee helped implement advanced RegTech tools within FinchTrade’s MarketGuard platform, automating compliance tasks such as transaction monitoring and AML checks to improve efficiency and accuracy.
Achieving Milestones Together
The results of the collaboration have been profound, including faster client onboarding, seamless compliance, and successful audits. Most notably, with JayBee’s support, FinchTrade passed its 2024 regulatory audit smoothly, thanks to meticulous preparation and streamlined processes.
“JayBee AG has been instrumental in helping us streamline our compliance operations,” said FinchTrade spokesperson. “Their deep expertise in Swiss regulations, combined with seamless integration into our MarketGuard platform, has made our compliance processes scalable and efficient.”
JayBee AG’s Managing Partner commented, “FinchTrade’s forward-thinking approach to compliance has made this partnership extremely rewarding. We are excited to support them in navigating Swiss regulations and look forward to continued success together.”
This partnership highlights FinchTrade and JayBee AG’s commitment to setting a new standard in crypto compliance, where regulatory excellence supports growth and drives innovation in the global market
Yuri Berg, FinchTrade Director (Left) & Jürg Baltensperger, JayBee Managing Director (Right)
About FinchTrade
FinchTrade is a leading liquidity provider and OTC desk focused on enabling seamless cross-border transactions and providing advanced financial solutions to clients globally. With the MarketGuard platform, FinchTrade delivers automated transaction monitoring, AML/KYC compliance, and robust reporting for its diverse client base.
About JayBee
JayBee AG is a Swiss compliance consultancy specializing in regulatory solutions for FinTech and crypto firms. Offering services such as AML, risk management, regulatory audits, and SRO applications, JayBee is dedicated to providing tailored, effective compliance support for financial innovation in Switzerland and beyond.
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