OCTASolution, a leading RegTech-based AML solution provider that maintains the largest market share in the Korean Virtual Assets & Virtual Asset Service Provider market, has partnered up with Lukka, the leading institutional crypto software and data provider.
OCTASolution will be Lukka’s exclusive partner to provide Crypto Asset Risk Score reporting to the Korean market to meet the rapidly evolving risk maturity of the digital asset industry. Lukka is globally recognized for adhering to the highest technology risk standards such as those set under the AICPA SOC 1 Type II and SOC 2 Type II Service Organization Control Frameworks, ISO/IEC 27001 Information Security Management System Certification and more.
Mansung Park, OCTASolution CEO and Founder, said: “Lukka is the leading provider with accurate and transparent blockchain and blockchain project information and data. We are very excited to work with Lukka to provide accurate and transparent analysis to Korean VA & VASP market stakeholders and customers. I expect our partnership will promote blockchain business in Korea with Lukka’s accurate and credible analysis and OCTASolution’s broad market coverage and ecosystem.”
Robert Materazzi, CEO of Lukka, said: “We are proud to partner with OCTASolution, a trusted and reputable leader in the regulatory technology industry. Our collaboration sets heightened risk standards for the countless Korean businesses adopting crypto assets entering 2024, amid increasing regulation and supervision. We look forward to supporting this highly innovative virtual asset industry with this new and thoughtful partnership.”
This alliance is pivotal in addressing the growing demand for reliable, transparent, and trusted crypto asset solutions in Korea. By setting high standards in data quality and reliability, this collaboration is poised to accelerate the next wave of growth, innovation, trust, and transparency in the Korean virtual asset landscape.
Founded in 2012. OCTASolution has developed AML & FATCA/CRS solutions with its own Rule Engine and has adopted RegTech since 2017.
OCTASolutoin is a RegTech-based compliance solution company that provides AML and FATCA/CRS solutions. OCTASolution has developed compliance solutions under ORP (OCTA RegTech Platform). ORP integrates them to minimize the duplication of functions and data. Thus the customers can implement various compliance solutions in an effective and efficient manner.
It is the leading RegTech-based AML solution provider and maintains the number 1 market share especially in the FINTECH and VA/VASP market in Korea. In addition, OCTASolution provides an FDS solution for VA & VASP to prevent phishing with a focus on productivity, accuracy, and ease of maintenance to cope with frequent regulatory changes. It has been a member company of the Korea RegTech Forum led by FSS since 2017.
Founded in 2014, Lukka serves the most risk-mature businesses in the world with institutional data and software solutions. As a global company, headquartered in the United States, Lukka bridges the gap between the complexities of blockchain data in a global crypto ecosystem with traditional business and reporting needs.
All of Lukka’s products are created with institutional standards, such as AICPA Service and Organization Controls (SOC), which focus on data quality, financial calculation accuracy & completeness, and managing technology operational risk. Lukka has obtained AICPA SOC 1 Type II and SOC 2 Type II Audits, an ISO/IEC-27001 certification, NIST Cybersecurity Assessment, and continues to lead the industry with best in class technology risk governance.
For information about Lukka, visit lukka.tech