The round includes investments from new and existing investors, bringing its capital raised this year to €7.9m and total funding to €12.1m. The investment will fuel Salv’s expansion in the UK, a market currently experiencing a sharp increase in Authorised Push Payment (APP) fraud.
APP fraud is climbing rapidly as the networks behind APP fraud are becoming increasingly sophisticated and often work together internationally. Salv Bridge, the first real-time cross-border communication solution, has been proven to be effective against APP fraud.
FATF Report: Partnering in the Fight Against Financial Crime: Data Protection, Technology and Private Sector Information Sharing
The report looks at global anti-money laundering, counter-terrorist financing and counter-proliferation financing requirements and how responsible private-to-private collaboration can contribute to their effective implementation.
The need for secure, fast, and fully compliant fincrime intelligence sharing has never been more pressing. With Salv Bridge, financial institutions can share information across borders and different legal jurisdictions.
The banks of Estonia have united under an anti-money laundering (AML) initiative created by regtech startup Salv; together preventing a laundered €3milion from reaching its final destination.
Lenders in a country at the center of one of Europe’s largest dirty-cash scandals are testing a new anti-money-laundering system by technology provider Salv, that doesn’t interfere with banking privacy.
With jobs at Bigbank, Skype, and TransferWise, Taavi Tamkivi had been working in the financial sector for well over a decade. He understood that the real issue to tackle is finding a solution for banks to share information without the risk of a data breach.
The dramatic accusations against Danske Bank increased focus on anti-money laundering tools and spurred tech innovation, leading to the creation of critical private-sector expertise to help consumers and businesses identify and fight money-laundering activities.