Salv
Salv is a company that provides a real-time fincrime-fighting platform, enabling financial institutions across Europe to enhance compliance with AML and GDPR while improving client experiences.
Services
Salv offers a real-time fincrime-fighting platform that focuses on collaboration among financial institutions. Their solutions are designed to enhance client experience by minimizing the impact of compliance checks in real time. Salv helps financial institutions stay compliant with AML and GDPR standards, thereby reducing the risk of non-compliance. The platform also automates financial crime compliance processes, reducing repetitive manual tasks by up to 80% and significantly cutting down the number of false positive alerts.
Products
Salv's product suite includes Salv Bridge for intelligence sharing, PEP and Sanction Screening, Transaction Monitoring, and Customer Risk Scoring. Salv Bridge facilitates cross-border information sharing among financial institutions, aiding in the fight against financial crime. PEP and Sanction Screening help institutions identify politically exposed persons and sanctioned individuals, while Transaction Monitoring provides real-time surveillance of transactions. Customer Risk Scoring assesses the risk profiles of clients, aiding in compliance and risk management.
Partners
Salv collaborates with various financial institutions across Europe. Notable partners include LHV, Swedbank, SEB, Luminor, deVere, Juni, Truelayer, Kroo, Rewire, and Montonio. These partnerships enhance Salv's ability to provide comprehensive financial crime-fighting solutions and facilitate the sharing of vital information among institutions to improve overall security and compliance.
Achievements
In 2022, Salv's collaborative efforts led to the recovery of approximately 80% of funds lost to fraud, showcasing the effectiveness of their platform. Additionally, the solutions provided by Salv enable the automation of compliance processes, reducing up to 80% of manual tasks and decreasing the frequency of false positive alerts. Salv holds an ISO/IEC 27001: 2022 certificate and an ISAE 3000 compliant SOC 2 Type 2 report, underlining their commitment to high standards of data security and service quality.
