Company Research Report: Salv

Company Overview

• Name: Salv

• Mission of the Company: Salv is on a mission to combat financial crime by enhancing the capacity of compliance professionals and law enforcement through smarter technology and systems, also known as "collaborative crime-fighting."

• Founded By: Taavi Tamkivi, Jeff McClelland, Sergei Rumjantsev

• Key People in the Company:

• Taavi Tamkivi, Founder, CEO

• Jeff McClelland, Founder, COO

• Sergei Rumjantsev, Founder, CTO

• Anu Nael, Head of Client Operations

• Bruno Puriņš, Market Lead Latvia

• Ester Eggert, Head of Product

• Jaanus Kõusaar, Chief Financial Officer

• Kaur Lumiste, Data Science Team Lead

• Jingwen Guan, Integrations Lead

• Justas Valentinavičius, Market Lead Lithuania

• Karin Dodjak, Customer Success Lead

• Lucy Heavens, VP of Marketing

• Headquarters: Salv Technologies OÜ, Veerenni 38b, Tallinn, 10138, Estonia

• Offices: Salv operates in Estonia, Latvia, with plans to expand to Lithuania and the United Kingdom.

• Number of Employees: No specific number provided.

• Revenue of the Company: No specific data available.

• What is the Company Known For: Salv is known for providing solutions to detect and combat financial crime more effectively by leveraging intelligence sharing technology.

Products

Salv offers a modular SaaS platform designed to meet various financial crime compliance needs. Key products include:

1. Salv Bridge:

• Description: A collaborative platform allowing financial institutions to exchange intelligence securely, thus enabling cross-organization crime-fighting efforts.

• Key Features:

• Authorized push payment (APP) fraud prevention.

• Joint AML investigations facilitation.

• Screening alerts resolution.

• Information exchange with law enforcement.

• Integrated secure messaging for collaborative investigations.

2. Salv Screening:

• Description: Helps improve the accuracy of compliance screening processes.

• Key Features:

• Real-time screening with intelligent matching algorithms.

• Auto-resolution of false positives.

• Customization and low maintenance.

3. Salv Monitoring:

• Description: Provides tools for real-time and post-event transaction monitoring.

• Key Features:

• Real-time customer transaction monitoring.

• Built-in rule configuration tools.

• Counterparty monitoring.

4. Salv Risk Scoring:

• Description: Enables financial institutions to understand and mitigate customer risk effectively.

• Key Features:

• Advanced risk scoring rules aligning with regulatory guidelines.

• Seamless integration via API.

Recent Developments

• New Products Launched/Features Added:

• Salv introduced a Collaborative Scenario Library to enhance transaction monitoring and bolster community crime-fighting efforts.

• Closed Shared Know Your Customer (KYC) Utility Licence, facilitating client intelligence exchanges securely.

• Continuous enhancement with new features and integration improvements.

• New Partnerships:

• Partnered with Veriff to enhance global financial crime-fighting efforts.

• Collaborated with Tuum, Skaleet, Single.Earth among others to improve AML capabilities.

• Joined international initiatives and associations like The Payments Association to further its mission.

• Other Developments:

• Secured €12.1m in funding to combat APP fraud in the UK.

• Obtained certifications including ISO/IEC 27001:2022 and completed SOC 2 Type 2 audit, ensuring platform security.

• Recognized on the RegTech100 list for its innovative solutions.

Note: Some information such as company revenue, and number of employees is not provided.