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ARAX Launches Compliance & Onboarding Dashboard

· 4 min read

UNITED STATES — September 20, 2023 — ARAX Holdings Corp, a trailblazer in SaaS solutions built on blockchain technology, announces the design, development, implementation, and completion of its V1 compliance onboarding and monitoring platform, built on CorePass and Core Blockchain technology. The solution will be featured on the Ping Exchange Trading Platform under the Swiss AML–registered Cilandro SA, a full subsidiary of ARAX.

Setting a New Standard for Comprehensive Compliance​

This platform delivers a seamless, user-friendly interface, elevating KYC (Know Your Customer), AML (Anti-Money Laundering), PEP (Politically Exposed Persons), and sanctioned user management to new levels of efficiency, transparency, and compliance.

Streamlined User Experience & Multifunctional Capabilities​

Compliance officers and users can now:

  • Swiftly onboard new clients with automated document verification, using blockchain as the single source of trust.
  • Monitor real-time transaction behavior and flags.
  • Access compliance analytics at a glance.
  • Manage risk levels via dynamic, blockchain-driven user activity models.
  • Gain insight into dynamic risk management across multiple jurisdictions, staying ahead of evolving regulations.
  • Complete onboarding without forms, usernames, or passwords—simply scan a QR code.
  • Control their data—distribution and security—via CorePass.

This new standard, built through the CorePass partnership and developed on the Core Blockchain Network, validates data in real time at every login and adheres to relevant standards (e.g., GDPR, CPA, CCPA).

Ensured Compliance Across Jurisdictions​

The platform adapts to local and international regulations in any jurisdiction. New rules and client feedback will drive frequent updates to keep the platform current and effective.

Implementation on Ping Exchange Trading Platform​

In partnership with its subsidiary Cilandro SA, the ARAX Compliance Onboarding and Monitoring Platform has been integrated into ARAX’s Ping Exchange Trading Platform (to be AML registered in Switzerland). This collaboration equips financial institutions and service providers for data-regulated environments, including preparation for KYT regulation—positioning Ping Exchange to lead in blockchain-based RegTech.

Huge Market Potential​

As compliance becomes increasingly critical across FinTech, data platforms, and AI, ARAX’s platform is well-positioned to meet demand for comprehensive solutions.

Testimonials​

“Compliance Onboarding Dashboard will drastically reduce the time spent on KYC and AML tasks. It is a game-changer for the compliance industry.” — Lars Schlichting, industry leader and Director of Cilandro SA

About ARAX Holdings Corp​

ARAX Holdings Corp specializes in robust SaaS solutions leveraging advanced blockchain technology, pioneering compliance platforms that exceed industry standards.

About Cilandro SA​

Cilandro, a full ARAX subsidiary, is a Swiss-based company registered within So-fit, a self-regulated body supervised by FINMA for oversight of financial intermediaries with respect to anti-money laundering.

About Ping Exchange​

Ping Exchange Trading Platform is a hybrid digital asset trading platform slated for near-term release. Integrating ARAX’s Compliance Onboarding and Monitoring Platform sets a new standard in blockchain-based compliance management.

For immediate updates, follow ARAX Holdings Corp and Ping Exchange:

ARAX​

Ping Exchange​

Disclaimer: This press release is for informational purposes only and should not be considered financial or legal advice. It may contain forward-looking statements subject to risks and uncertainties; actual results may differ materially.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995​

Certain statements contained in this press release may be construed as “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”). All statements that are not historical facts are “forward-looking statements.” The words “estimate,” “project,” “intends,” “expects,” “anticipates,” “believes” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe harbor” provisions of the Act. These statements are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. Investors should consider this cautionary statement and furthermore, no assurance can be made that the transaction described in this press release will be consummated. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.