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Salv opens applications for Bridge cohort to protect customers from APP fraud and disrupt criminal networks

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  • Salv’s next Bridge cohort will tackle cross-border APP fraud together, one of the fastest-growing financial crimes.
  • Criminals exploit gaps in cross-border payment systems, using speed and fragmented regulations to steal funds.
  • Salv Bridge connects financial institutions to close these gaps. Real-time collaboration stops fraud by protecting customers and disrupting criminal networks.
  • Applications for the Bridge cohort are now open limited to just 30 companies. The deadline to apply is Monday 31 March, 2025.

LONDON, Jan. 16, 2025 /PRNewswire/ — European Regtech scale-up Salv is inviting applications for the next cohort of its acclaimed Salv Bridge network. This exclusive cohort of 30 banks, fintechs and crypto companies will share intelligence to tackle the growing issue of Authorised Push Payment (APP) fraud.

APP fraud, also known as account-to-account fraud, bank impersonation fraud or payments fraud, occurs when customers are tricked into sending money to accounts controlled by criminals posing as legitimate payees.

Criminals are thriving on industry silos and regulatory gaps. With global losses from APP fraud projected to reach $7.6 billion by 2028, the financial industry is under immense pressure to find solutions.

Salv Bridge is the first real-time collaboration platform for fraud prevention and recovery. Live for four years in Europe, the platform supports over 70 financial institutions across Europe that use the platform to share intelligence.

Alerts sent by members through the Bridge platform have a true positive rate of over 90%, and companies see recovery rates as high as 80%. When there’s a suspicion of APP fraud, fincrime investigators from different institutions share intelligence to track potentially stolen funds, safeguard customers, and disrupt criminal networks.

“The companies in this cohort will play an active role in proactively combatting APP fraud,” said Ester Eggert, Head of Product at Salv. “By uniting crime fighters across our industry within an intelligence sharing network, we can stop APP fraud before it’s too late. Criminals work in networks, so it’s high time the industry started working in networks too. It’s criminals who should be out of pocket, not customers.”

Applications are now open and spaces limited to 30 companies. Financial institutions interested in joining the Salv Bridge cohort can apply by visiting the Salv website (https://info.salv.com/bridge-app-fraud-cohort). Interested companies are invited to apply from today until Monday 31 March, 2025.

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Fintech PR

Bybit Pledges RMB 5 Million to Support Relief Efforts Following Devastating Tibet Earthquake

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DUBAI, UAE, Jan. 16, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is deeply saddened by the devastating earthquake that struck Tibet earlier this week, leaving a trail of destruction and heartache.

The tragedy has claimed at least 126 lives, injured 188 people, and displaced tens of thousands as over 3,000 buildings collapsed in the remote region near the northern base of Mount Everest. In response, Bybit is committing RMB 5 million in collaboration with the Red Cross Society of China (RCSC) to support critical relief and recovery efforts in the affected communities.

The 7.1-magnitude earthquake, which struck on January 7, has caused widespread devastation, with extreme winter conditions complicating rescue operations. More than 14,000 rescue workers have been mobilized to search for survivors amid sub-zero temperatures and strong winds, highlighting the urgent need for immediate aid.

“As a responsible global leader in the blockchain industry, Bybit is committed to standing with communities in their time of need,” said Helen Liu, Chief Operating Officer at Bybit. “Our thoughts are with the survivors, the rescue teams, and the families affected by this tragic event. We hope our contribution will help provide much-needed relief and support the road to recovery.”

The donation will be directed towards essential services, including emergency shelter, medical supplies, and food aid, as well as long-term rehabilitation efforts. Bybit is proud to partner with RCSC to ensure swift and impactful assistance to those in need.

At Bybit, we firmly believe in the power of compassion and collaboration. This contribution reflects our commitment to fostering resilience and hope in the face of adversity.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press 

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Seekapa Expands Portfolio to Over 600 Tradable Assets

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EDEN ISLAND, Seychelles, Jan. 16, 2025 /PRNewswire/ — Seekapa, a standout name in global trading companies, has unveiled a major enhancement to its offerings, now providing access to over 600 tradable assets. This expansion spans a wide array of asset classes, including stocks, cryptocurrencies, forex pairs, commodities, and indices, reinforcing its reputation as a one-stop destination for those seeking diversity and innovation.

Nick Zander, Seekapa spokesperson, highlighted the significance of this development: “Our mission is to empower members by offering them access to a diverse range of high-quality assets,” he said. “This latest expansion opens doors to greater opportunities, enabling users to diversify their portfolios and capitalize on new market trends effectively.”

A Good Way to Diversify Trading

The addition of these new assets is a direct reflection of Seekapa’s dedication to staying at the forefront of industry trends. Traders now have the opportunity to explore and invest in emerging sectors alongside traditional financial instruments. This expansion fosters greater diversification, allowing customers to capitalize on a variety of market conditions. The intuitive, user-friendly platform combined with powerful analytics tools offers a seamless experience for traders at all levels, ensuring they can make informed, strategic decisions regardless of market volatility.

Zander noted, “In an ever-changing financial landscape, staying ahead of the curve is essential. By expanding our offerings, we’re not just meeting the needs of our current users, we’re empowering them to stay competitive, well-informed, and adaptable to shifts in the market.”

Seekapa’s enhanced portfolio is part of a broader strategy to solidify its position as the go-to platform for global clients. The platform’s commitment to security, education, and user experience drives its ongoing efforts to redefine how traders engage with the market. As a result, the brand continues to set new industry benchmarks, providing unparalleled access and innovative solutions for users across the globe.

About Seekapa

Since its inception, Seekapa has emerged as a trailblazer in the trading industry, continuously pushing boundaries in the foreign exchange market. With a steadfast commitment to innovation, the firm has consistently developed and enhanced its products, services, and trading software to meet the evolving needs of traders worldwide.

By setting new benchmarks and redefining the trading experience, the broker remains dedicated to empowering its users with cutting-edge solutions and unmatched opportunities. As a leader in the industry, Seekapa continues to shape the future of trading through excellence and innovation.

Website: https://seekapa.com

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IBN Technologies Expands Virtual Bookkeeping Services in New York to Meet Rising Demand

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MIAMI, Jan. 16, 2025 /PRNewswire/ — The financial services sector is witnessing a surge in demand for virtual bookkeeping expertise as businesses grapple with a persistent talent shortage in accounting. This trend is driven by businesses seeking solutions to a persistent talent gap in the accounting sector, as many organizations face challenges in finding qualified professionals to meet their financial needs. 

The need for skilled virtual bookkeepers is surging globally, driven by increasingly complex financial landscapes and technological advancements. Businesses are increasingly seeking advanced expertise, with New York leading the way in adopting innovative solutions to meet the growing demand for skilled financial professionals.

Virtual bookkeeping in New York is stepping in to fill this talent gap by leveraging advanced technology and providing access to skilled financial professionals. As businesses face ongoing challenges in recruiting qualified accountants, these services offer a reliable and efficient solution to maintain financial accuracy and support sustained growth.

Book your 30-minute free consultation today and discover how virtual bookkeeper can simplify your business finances-https://www.ibntech.com/free-consultation/?pr=prnewswire

Industry Challenges

The growing reliance on virtual bookkeepers highlights the increasing demand for skilled professionals in major markets like New York. Businesses are navigating challenges such as financial inaccuracies, compliance risks, and delays in critical operations like payroll and tax filings. In 2025, the focus has shifted toward continuous professional development for bookkeepers, enabling them to adapt to evolving industry requirements and deliver efficient financial solutions.

Technology as a Solution

Cloud-based platforms, automation, and data analytics are becoming essential tools as businesses adopt innovative technology to address these challenges. These technological advancements are reshaping how virtual bookkeepers operate, with key metrics like accuracy and responsiveness now guiding service evaluations.

A Strategic Asset for Business Growth

Bookkeeping has transformed into a key strategic function, with professionals now tasked with providing actionable insights into cash flow management, financial forecasting, and long-term business growth strategies.

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“Virtual bookkeeping has shifted from a support function to a critical strategic asset,” noted Mehta. “Today’s bookkeepers drive financial agility and resilience, enabling businesses to thrive in a rapidly changing environment.”

Demand for Virtual Bookkeepers Soars in New York

New York is seeing a growing demand for virtual bookkeepers as businesses increasingly turn to technology-driven solutions for efficient financial management. This growing scarcity has raised concerns about financial accuracy, compliance risks, and delays in crucial tasks like payroll and tax filings. To address these challenges, businesses are increasingly turning to advanced outsourcing solutions.

Companies like IBN Technologies are helping businesses navigate these complexities by providing highly skilled accounting and bookkeeping services that ensure financial accuracy, regulatory compliance, and timely reporting.

“To stay competitive in 2025, virtual bookkeepers in New York and elsewhere will need to continuously upskill and adapt to the latest technological developments,” said Ajay Mehta, CEO IBN Technologies. ” This is crucial for responding to the evolving demands of the industry and improving client value.”

Setting the Stage for Success in 2025

The growing need for specialized virtual bookkeeping services is reshaping how businesses manage their finances. Companies are looking to virtual bookkeepers not just to manage their day-to-day operations, but to provide crucial insights and drive long-term strategic growth. With technology playing an increasingly important role in bookkeeping services, the industry is poised for continued innovation and transformation in the coming years.

As businesses seek to navigate complex financial landscapes and ensure compliance with ever-evolving regulations, the expertise of skilled virtual bookkeepers will be crucial in helping them achieve financial agility and operational success.

About IBN Technologies

IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive efficiency and growth.

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Contact Details:  
Pradip
[email protected]
+1 – 844 – 644 – 8440

USA:  
IBN Technologies LLC
66 West Flagler Street Suite 900 Miami, FL 33130

India: Global Delivery Centre  
IBN Technologies Limited
Kohinoor House, 2nd floor,
691/A/1B, Plot no. 7,
Bibwewadi Road, Pune-411037

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