Crypto AML Firm Notabene Launches Compliance Platform for Stablecoin Transactions
Notabene has launched Notabene Flow, a stablecoin payment platform aimed at high-value business transactions.
The platform enhances crypto transactions with features like payment authorization, invoicing, and dispute resolution to facilitate stablecoin transfers.
Institutional adopters include Zodia Custody, Bitso, and Borderless, integrating traditional finance compliance standards with stablecoin speed.
Stablecoin payments face challenges due to "push-only" transactions, which lack safeguards for reversing payments or preventing fraud.
Notabene Flow introduces pull payments, recurring billing, and standardized coordination among verified participants, supported by over 2,000 regulated entities.
The platform uses the Transaction Authorization Protocol, similar to Swift's messaging system, and partners with GLEIF for entity verification via the LEI standard.
Pelle Braendgaard, CEO of Notabene, emphasizes that stablecoins offer a chance to improve the traditionally slow and costly cross-border B2B payments.
