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Salv is pleased to announce its partnership with Travel Union, a fintech start-up from Lithuania, looking to transform banking into a safe, simple, and rewarding experience.

Travel Union recently launched its convenient mobile banking app – myTU – offering modern, high-tech banking services to individuals and families with kids. By using the app and paying with a card, myTU users gain #TIME loyalty points convertible into cash. In the near future, app users will be able to get even more rewards for their #TIME points. Amongst them will be last-minute deals offerings and discounts on tourism industry partners’ goods and services.

“As a fast-growing start-up, we’re always looking for ways to innovate, and compliance is a key part of that. We decided on Salv as their solution fits best with our scaling AML needs. I truly believe their tools for AML screening and transaction monitoring integrated into our workflow will enable us to identify, assess, mitigate our money laundering and financial crime risks as well as streamline our regulatory needs. And, of course, take great care of our expanding customer base,” said Raman Korneu, CEO and Co-founder of Travel Union.

“We’re so glad to have Travel Union on board with Salv. We enjoy working with growing fintechs and are excited to not only offer them support as they grow, but to use their feedback and experience to improve our AML platform. Ultimately, Travel Union’s input will help all our clients fight money laundering even more effectively. We believe our solution will give Travel Union a competitive edge in scaling their compliance all the while supporting their incredible customers,” said Taavi Tamkivi, CEO of Salv.

Travel Union is a Lithuania-based digital banking platform, loyalty and payments solution for travel-related companies and people. Founded in 2018 by experts from banking and finance, tourism and IT industries, it is on a mission to become a primary banking partner for tourism industry companies and people going on holiday by connecting them through a unique and most flexible loyalty system called #TIME. Since 2020 Travel Union has been operating under an e-money license granted by the Bank of Lithuania.

Salv is founded by Taavi Tamkivi (former Skype fraud analyst and TransferWise global head of compliance), Jeff McClelland (former Skype fraud analyst and TransferWise head of analytics), and Sergei Rumjantsev (former TransferWise KYC lead engineer). Salv has built an anti-money laundering, crime-fighting platform that gives companies the flexibility and speed they need to get ahead of today’s financial criminals.