21 Travel Rule

Pros: The combination of automation, clear audit trails and control over sensitive client data stood out. The on-premises model is particularly relevant for banks with strict confidentiality requirements.

Cons: No major concerns emerged during my evaluation.
The design has a little bit of room for improvement.

Overall: From a business perspective, 21 Travel Rule offers a convincing balance of compliance workflows, connectivity and data protection.

Pros: The on-premises approach and direct information exchange stood out to me. Keeping sensitive data under the institution’s control is a strong advantage for financial services.

Cons: No significant drawbacks stood out during my evaluation.

Overall: A well-considered solution that combines Travel Rule automation with a clear focus on confidentiality and operational control.

Pros: The support team is responsive and knowledgeable. When we’ve had technical questions, we’ve gotten clear answers quickly from people who understand both the software and the regulatory side. A big plus for us is that customer data stays within our own infrastructure, which matters a lot for our privacy and compliance obligations. The built-in TRUST connectivity is also a major benefit, as it lets us exchange Travel Rule data with a wide range of counterparties without extra integration work.

Cons: It has to be deployed in our own infrastructure, which takes some initial setup and ongoing maintenance on our side. That’s the trade-off for keeping data in-house.

Overall: 21 Analytics makes Travel Rule compliance straightforward, and the technical support has been excellent whenever we needed help.

Pros: - allthe data stays with us and 21 Analytics never has access, this is how we like to build things to be save for future
- the TRUST Network provides us with excellent connectivity, so every need is covered
- TRUST, TRP/OpenVASP, and AOPP out of the box
- fast implementation was possible

Cons: Being on-premises, there is a small amount of technical work required, but like said in the Pro side it was fast and with the excellent product documentation and technical support from the 21 Analytics team, this was no issue.

Overall: The right choice for any crypto exchange that values it's customers privacy and Travel Rule reach to all major western exchanges.