September 20, 2024

SALT and Flagright Form Collaboration to Strengthen SME Financial Security

February 27, 2024
1Min Read
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SALT, a financial platform for small and medium-sized enterprises (SMEs) in India and Asia, and Flagright, a supplier of AI-native anti-money laundering (AML) compliance and fraud prevention solutions, have partnered.

SALT, which is renowned for its method of giving SMEs access to crucial financial instruments, will incorporate the AML and fraud prevention technology from Flagright. Both businesses have already taken part in the Y Combinator (YC) program, which is a startup accelerator that offers tools, investment, and coaching to businesses in their early stages.

The purpose of this new integration is to improve SALT's capacity to provide businesses in Asia and India with safe and effective financial services.

"Joining forces with Flagright, a fellow YC alumni, is a significant milestone for SALT," said Ankit Parasher, co-founder of SALT. It reinforces our goal of providing SMEs with unmatched security in addition to financial solutions. Flagright's technology will be essential in preventing financial crimes from affecting our platform and our clients, allowing SMEs to operate in a secure and confident manner.

Flagright's AI technology and no-code interface will make it easier for SALT to integrate comprehensive fraud protection and compliance procedures, improving the security of financial transactions for local SMEs. This partnership demonstrates both businesses' dedication to improving financial stability and encouraging innovation in the SME market.

The CEO and co-founder of Flagright, Baran Ozkan, further stated, "We are thrilled to collaborate with SALT and support their mission to empower SMEs." Our relationship is strengthened by the fact that we are both YC graduates and recognize the value of both innovation and security in growing organizations. With our strong security solutions, we can't wait to help SALT succeed.
 

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