TRM Labs and Finray Technologies Partner to Deliver Audit-ready Crypto Transaction Monitoring to Banking and Payments Workflows

The integration embeds TRM’s blockchain intelligence into XZiel – Finray’s unified compliance and decision engine — enabling real-time alert triage, automated escalation, case management, and continuous risk assessment across crypto and fiat transactions in a single operational environment

SAN FRANCISCO – February 24, 2026 – TRM Labs, the leading blockchain intelligence platform, today announced a partnership with Finray Technologies, a unified banking infrastructure and compliance intelligence technology company serving regulated financial institutions operating across fiat and digital-asset markets. 

The regulatory backdrop continues to intensify with the EU’s MiCA rollout. In January 2025, the European Securities and Markets Authority (ESMA) released a supervisory briefing to support national competent authorities (NCAs) in enforcing MiCA and began publishing a public register of MiCA-authorized entities and non-compliant firms.

As the MiCA enters full supervisory enforcement, institutions operating across fiat and digital asset markets can no longer separate blockchain risk assessment from traditional payment monitoring. On-chain exposure, stablecoin settlement, and fiat payment flows are increasingly interconnected, requiring unified oversight. The partnership addresses this convergence by integrating TRM’s blockchain intelligence into Finray’s compliance workflows, delivering a real-time, auditable view of risk across both rails.

This integration is designed for:

• Banks and electronic money institutions (EMIs) expanding into digital-asset products or offering crypto on/off-ramp services
• MiCA-authorized CASPs and VASPs in VASP-to-CASP transition requiring transaction monitoring and wallet screening
• Exchanges and custodians serving institutional clients, corporate treasury flows, and stablecoin settlement
• PSPs and fintech platforms embedding crypto payments within regulated fiat infrastructure

As more economic value moves on-chain, compliance teams need auditable, explainable, and real-time transaction risk interpretation. TRM’s integration with Finray enables:

• Actionable compliance at scale: Focus your resources with high-confidence risk signals -– accelerating investigations and driving stronger audit outcomes
• Real-time transaction monitoring: TRM risk signals for crypto transfers, wallet interactions, and on-chain exposure are integrated directly into Finray’s monitoring workflows, surfacing risk at the point of transaction rather than in a separate tool
• Wallet screening within onboarding and ongoing monitoring: Assess counterparty and indirect risk exposure during KYB/KYC reviews and post-transaction analysis — covering on/off-ramp flows, stablecoin settlement, exchange payouts, and merchant transactions
• Unified case management: Risk alerts, blockchain intelligence, and exposure breakdowns are documented within the same compliance case environment used for fiat monitoring — enabling institutions to hold, clear, escalate, and document decisions within a single workflow
• Decision-ready audit trail: Risk rationale, source attribution, exposure types, and timestamps are captured and stored to support regulatory reviews, supervisory examinations, and SAR escalation processes
• Faster market entry for regulated institutions: Accelerate infrastructure deployment with embedded on-chain risk intelligence to shorten time-to-market, while adhering to regulatory requirements 

“Financial institutions and crypto businesses need more than raw blockchain data – they need clear, actionable intelligence that stands up to regulatory scrutiny,” said Morley Gordon, Head of Partnerships at TRM Labs. “By embedding TRM directly into Finray’s compliance tools and banking infrastructure, we are enabling banks, fintechs, and regulated crypto entities to proactively manage digital asset risk and accelerate time-to-market without compromising trust.”

“Compliance teams can’t manage fiat and crypto risk in separate systems anymore," said Oleksandr Potapenko, Founder and CEO of Finray Technologies. "Embedding TRM’s blockchain intelligence directly into XZiel gives our customers a single, auditable view of risk across both rails — where they can hold, clear, escalate, and document decisions within one environment. That is what operating under MiCA and evolving supervisory expectations actually demands. Partnering with TRM gives our customers access to the most trusted blockchain intelligence in the industry, embedded natively into their compliance and payment workflows. Together, we are shortening the path from regulatory intent to defensible, real-time action.”

The integration is generally available to TRM and Finray customers. Teams can use their TRM API key to access insights from TRM Transaction Monitoring and TRM Wallet Screening directly in Finray’s platform. 

About TRM Labs

TRM Labs provides blockchain analytics solutions to help law enforcement and national security agencies, financial institutions, and cryptocurrency businesses detect, investigate, and disrupt crypto-related fraud and financial crime. TRM’s blockchain intelligence platform includes solutions to trace the source and destination of funds, identify illicit activity, build cases, and construct an operating picture of threats. TRM is trusted by leading agencies and businesses worldwide who rely on TRM to enable a safer, more secure crypto ecosystem. TRM is based in San Francisco, CA, and is hiring across engineering, product, sales, and data science. To learn more, visit www.trmlabs.com.

About Finray

Finray Technologies is a unified banking infrastructure and compliance intelligence company serving regulated financial institutions operating across fiat and digital-asset markets. Its modular stack integrates core ledger infrastructure and payment orchestration through CoreBanq, together with transaction monitoring, wallet screening, sanctions screening, and case management powered by its XZiel compliance engine — into a single operational environment. This enables banks, EMIs, CASPs, and fintechs to manage digital-asset risk within the same workflows used for fiat operations. To learn more, visit www.finray.tech.

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Frequently asked questions (FAQs)

1. Who is this integration designed for?

Banks and electronic money institutions (EMIs) expanding into digital-asset products or offering crypto on/off-ramp services; MiCA-authorized CASPs and VASPs in VASP-to-CASP transition; exchanges and custodians serving institutional clients, corporate treasury flows, and stablecoin settlement; and PSPs or fintech platforms embedding crypto payments within regulated fiat infrastructure.

2. Which TRM products are included?

The integration supports TRM Transaction Monitoring and TRM Wallet Screening, embedded within Finray’s XZiel compliance engine. Coverage spans major blockchains including Bitcoin, Ethereum, and Tron – including USDT and USDC stablecoin flows. Customers should confirm the full chain coverage list with TRM for their specific use case.

3. Does this make an institution MiCA compliant?

No technology alone ensures regulatory compliance. The integration is designed to support institutions in implementing structured, auditable, and defensible monitoring programmes aligned with MiCA requirements and broader AML/CFT obligations. Institutions remain responsible for their overall compliance frameworks.

4. How is the integration deployed?

Institutions with an existing TRM API key can activate the integration within Finray’s XZiel platform in days. Full workflow configuration – including case management rules, alert thresholds, risk rationale templates, and audit trail settings – typically takes two to four weeks depending on the institution’s existing infrastructure.

5. What are the data residency and security arrangements?

Finray’s infrastructure is EU-hosted and InfoSec System is ISO/IEC 27001:2022 certified. Data processing details, including data residency specifics and a Data Processing Addendum (DPA), are available upon request as part of the onboarding process. Prospective customers are encouraged to raise DORA and Schrems II requirements during the initial scoping conversation.

6. What is the typical implementation timeline?

Institutions with an existing TRM API key can activate the integration within days. Full workflow configuration, including case management rules, alert thresholds, and audit trail settings typically takes two to four weeks depending on the institution’s existing infrastructure.

7. Which regions are supported?

The integration is available to institutions operating across EMEA and other jurisdictions where TRM services are available. Contact Finray at partnership@finray.tech for region-specific availability and onboarding.