P100 has recently integrated with the Salv Bridge network, aiming to enhance its capabilities in financial crime prevention and ensure robust security across its hybrid payment ecosystem.
This strategic move will enable P100 to better safeguard high-speed cross-border payments. The company’s comprehensive compliance measures now cover all aspects of its infrastructure, including crypto, stablecoins, and traditional fiat transactions.
Through this collaboration with Salv Bridge, P100 aims to simplify compliance for its clients by leveraging collective intelligence to more effectively combat fraud and money laundering compared to traditional systems.
Enhancing Security and Compliance
Salv Bridge facilitates cooperation among financial institutions in addressing fraud and AML cases. It replaces cumbersome manual processes with encrypted communication channels, allowing network members to request counterpart information, share alerts, validate suspicious activities, and support the recovery of funds before they are moved by malicious actors.
P100’s integration into this network provides access to a regulator-friendly platform for real-time intelligence sharing with other financial institutions. This enhances the effectiveness of investigations related to suspicious activities. The company also receives timely alerts on emerging typologies targeting crypto-to-fiat and stablecoin transfers.
Adam Kaczor, P100’s Head of Risk and AML, highlighted that joining Salv Bridge is crucial for P100 in leveraging every available tool to secure its Payment OS against criminals. The network plays a key role in closing the intelligence gaps exploited by bad actors between traditional finance and decentralized finance (DeFi).
P100 intends to use this network to investigate complex cases, such as transactions displaying unusual counterpart behavior or mixed digital asset flows. This will ensure a secure environment for its enterprise clients.
As per Taavi Tamkivi, Salv’s CEO and Co-founder, P100’s participation in Salv Bridge further strengthens the network and helps eliminate the vulnerabilities that criminals rely on.
