Bonanza Factory Supplies Transite Solution to K Bank

Bonanza Factory will supply K Bank with "Transite," a blockchain fund flow tracking and risk transaction analysis solution. This contract is part of a collaboration aimed at the institutionalization of digital assets and the expansion of business in the financial sector. Transite utilizes KYT technology to analyze blockchain wallets and transaction histories to identify potential money laundering and criminal associations. K Bank plans to gradually enhance its on-chain transaction monitoring and anti-money laundering (AML) capabilities through this solution. Bonanza Factory has previously collaborated with K Bank through the "Transafer" solution for Korean won deposit and withdrawal verification, and this contract expands the scope of solution provision. Transite analyzes transaction risk levels using databases that identify high-risk wallets and digital asset service providers (VASPs), and it can also be integrated with existing AML and fraud detection systems (FDS). Bonanza Factory is accumulating wallet and transaction data associated with crime in collaboration with the National Police Agency and plans to expand the application of Transite to financial companies and public institutions.

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