The initiative is called Smartbitc.com Intelligence. It includes Smartbitc Know Your Transaction (KYT) and an update to the existing Smartbitc Analytics offering. The first tool allows companies to detect illegal transactions through APIs. Using a scoring system, KYT also helps track transactions in real time to reduce risk. The Smartbitc Analytics system used to analyze transaction data has been renamed Smartbitc Tracer. The tool has been made available to third parties to track the movement of funds and reduce fraud. “We also updated our user interface. It has become more user-friendly, visually appealing,” the blog post said. As a reminder, in 2020, the U.S. Secret Service signed a four-year contract to use Smartbitc Analytics. Subsequently, the DEA, IRS and ICE were also interested in the product.