Lisbon-based Bison Bank, a Portuguese institution specialising in private banking, wealth management, custody, and investment banking services, has entered into a new strategic partnership with blockchain analytics leader Elliptic. The alliance is being executed through the bank’s virtual asset subsidiary, Bison Digital Assets (BDA).
The partnership integrates Elliptic’s blockchain analytics solutions into BDA’s operations, aiming to strengthen operational integrity and protect client assets using the highest standards of security and transparency.
Automating risk with AI
Central to this integration is Elliptic’s AI-powered assistant, known as ‘Elliptic’s copilot’. The underlying platform enables the in-depth, real-time analysis of transactions across more than 1,000 digital assets.
The AI-driven copilot automates several critical, time-consuming compliance tasks, including:
- Data collection and fund flow analysis.
- Participant identification.
- The linking of relevant transaction information.
By generating a clear and consistent AI-driven risk summary, the tool makes critical information immediately available to compliance teams. This allows analysts to make faster, more informed decisions while freeing up valuable time for more complex analytical activities. As a result, the bank’s compliance functions become more scalable, efficient, and focused on mitigating the most relevant risks.
Industry perspectives on efficiency
André Rendeiro, board member of Bison Digital Assets, emphasised the operational benefits of the new technology: “Providing services to our clients based on technology that ensures high standards of security and compliance is a strategic pillar for BDA. Elliptic’s copilot assistant does not replace our analysts; it empowers them by instantly synthesising complex data so our team can focus on critical and analytical analysis, with efficiency improvements of around 50%, thereby contributing to the compliance of operations and the protection of clients.”
Through this adoption, Bison Bank joins a roster of major financial and regulatory entities currently utilising Elliptic’s technology. The platform is already trusted by traditional financial leaders like J.P. Morgan and payment benchmarks like PayPal, alongside major cryptocurrency exchanges such as Coinbase and Binance. Furthermore, it serves as a reference point for government agencies, including the US Department of Justice and OFSI.
Jackson Hull, chief technology officer at Elliptic, commented on the deployment: “Elliptic’s role is to help financial institutions manage digital asset risk with speed, accuracy, and confidence. Elliptic’s copilot builds on our track record of innovation in blockchain analytics, helping institutions reduce the time and effort required to triage, investigate, and manage risk alerts without compromising decision quality. We are proud to support Bison Bank in their mission of building a secure bridge between traditional finance and the digital future.”
Ultimately, Bison Bank aims to utilise this partnership to reinforce its position as a highly secure and reliable institution operating within the digital asset ecosystem.
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