Salv provides a platform for financial institutions to detect money laundering and prevent fraud through real-time transaction monitoring, customer screening, and intelligence sharing. By enabling collaboration among banks, fintechs, and payment service providers, Salv helps recover 80% more stolen funds and reduces false positive alerts by 80%.
Funding
$12.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Financial institutions face challenges in detecting money laundering and preventing fraud due to siloed data and a lack of real-time collaboration. Traditional anti-money laundering (AML) and fraud detection systems often generate high volumes of false positive alerts, requiring significant manual review and delaying the identification of genuine criminal activity. The inability to effectively share intelligence between financial entities hinders the recovery of stolen funds and allows criminals to exploit vulnerabilities across different institutions.
Solution
Salv provides a platform that enables financial institutions to detect financial crime more effectively through real-time transaction monitoring, customer screening, and secure intelligence sharing. The platform centralizes AML data, automates repetitive tasks, and facilitates collaboration among banks, fintechs, and payment service providers. By enabling the exchange of intelligence on suspicious activities and criminal patterns, Salv helps financial institutions recover a higher percentage of stolen funds and significantly reduce the number of false positive alerts, allowing AML and fraud teams to focus on genuine threats.
Target Audience
Salv primarily targets AML, fraud, and compliance teams at banks, fintechs, payment service providers, and Banking-as-a-Service providers across Europe.
Features
- Real-time transaction monitoring to detect criminal patterns as they occur
- Customer screening for sanctions, PEP/RCAs (Politically Exposed Persons/Relatives and Close Associates), and adverse media
- Risk scoring to identify high-risk customers and prioritize investigations
- Secure intelligence sharing through Salv Bridge, enabling collaborative investigations across institutions
- Automated alert handling to reduce false positives and improve efficiency
- Centralized AML data management for a holistic view of customer risk
- Modular SaaS platform allowing institutions to select the tools they need
- ISO/IEC 27001: 2022 certified and ISAE 3000 compliant SOC 2 Type 2 report