Veriff Joins Hands with Salv to Combat Financial Crime

Salv, a regtech company specialising in collaborative crime-fighting, has partnered with a global identity verification provider Veriff to strengthen the fight against financial crime.

Having Salv's modular crime-fighting platform available for Veriff’s customers gives them a comprehensive compliance toolset and access to the world's first real-time financial crime-fighting network, Salv Bridge. Similarly, Salv’s clients have seamless access to Veriff’s growing suite of identity verification (IDV) solutions.

Taavi Tamkivi, CEO and co-founder of Salv, said, "Our mission is to stop financial crime, and for this to happen, companies need to match the level of coordination and cooperation that is seen amongst international criminal gangs. This collaboration shouldn't be limited to financial institutions - to really make a difference, companies across the ecosystem need to work together."

This partnership boosts fraud detection capabilities and enhances customer experience. Salv's Bridge tool enables cross-border collaboration, allowing financial institutions to exchange intelligence in real-time - investigations are solved faster.

Indrek Heinloo, COO of Veriff, comments, "Veriff is committed to protecting our customers with the technologies and capabilities they need to keep their identities safe from fraud. By partnering with Salv, we enhance our full suite of fraud prevention capabilities even further to deliver an unparalleled experience for our customers."

(Source: Finextra)