Coinfirm, a well-known platform offering products related to forensic investigations and blockchain analytics, has started a strategic collaboration. Its latest partner is a self-custodial crypto wallet called Savl. The partnership is focused on making crypto transfers on the platform of Coinfirm more ethical and secure for the customers.
Coinfirm and Savl Collaborate to Offer More Secure Crypto Assets
Savl, a Web3 wallet, provides a lot of attention to the asset as well as user security. It is determined to white-label the AML/KYT compliance-related solutions provided by Coinfirm for its clients. The respective integration will permit Savl to offer in-app AML/KYT checks for the wallet addresses. This will allow the consumers to evaluate the risks associated with the transfers before proceeding.
Sam Shalumov, Savl’s CEO, spoke on this matter and said that the platform believes that its wallet is the earliest to have this functionality. According to Shalumov, the wallet is the initial to enable the customers to operate in-app AML/KYT-related checks. Shalumov added that the respective checks are not just crucial for the financial security of the platform but it also plays a vital role in turning the DeFi sector into an additionally secure place for everyone.
Shalumov moved on to assert that he was enthusiastic to witness this collaboration as Coinfirm is a leading player in blockchain-related regulatory compliance and risk management solutions. In the words of the executive, this would be very assistive for Savl to offer the most ethical as well as secure user experience. Monika Godek, Coinfirm’s Global Commercial and Business Development Director, also commented on this move. She mentioned that Coinfirm always attempts to offer a way into the likely developments within blockchain technology.
As per Godek, the platform also intends to ensure compliance with regulations within diverse jurisdictions. The executive added that the respective strategic cooperation with Savl is evidence that the company is moving closer to its vision to provide its services straightly to a prominent self-custody wallet firm.
The Partnership Will Improve Identity Validation and AML/KYC Compliance
The collaboration between both platforms denotes another landmark carried out further advance the crypto adoption on a local and global level. The mutual experience of both platforms is expected to pave the way for the provision of more value to the consumers. In this respect, the clients are to be provided with improved security features such as identity validation in parallel to the services related to AML/KYC compliance.
