Travel Rule Information Is Extremely Sensitive
Host your Travel Rule solution on-premises. Maximise security and minimise legal overhead.
On-premise means you run software on your own hardware or cloud. This is opposed to another popular way of using software called Software-as-a-Service or SaaS.
On-premise software has the advantage that you, as a user of the software, are in full control. You decide where the software runs geographically. You decide what security considerations are important to you. You decide what happens to the data.
Data retention is important in compliance. It is important that you are in control of your data. How long will you keep it? Or prune it upon request of a user? How can you be sure that all information is scrubbed? With the actual data on your infrastructure, you can be in full control of what happens with the data.
Zero Legal Overhead
Storing Personal Identifiable Information is a precarious endeavour. A breach can be fatal to your business. In order to mitigate the risk as much as possible, it is vitally important to assess the measures a counterparty storing that PII has in place. This is a costly, time-consuming and specialised process. Prevent these hidden costs by storing your PII yourself.