Flagright, an AML compliance and fraud prevention leader, has partnered with SALT, a financial platform that empowers SMEs in India and Asia.
This collaboration marks a significant step forward in the use of technology to enhance financial security and innovation for small and medium enterprises (SMEs) across the region.
SALT is known for its innovative approach to providing SMEs with the essential financial tools they need to succeed. By integrating Flagright’s cutting-edge AML and fraud prevention technologies, SALT aims to enhance its capabilities, offering more secure, efficient, and innovative financial services to businesses throughout India and Asia.
The reason behind this partnership is rooted in a shared heritage from Y Combinator, demonstrating both companies’ commitment to leveraging technology to ensure financial security and foster innovation. This strategic collaboration is designed to strengthen SALT’s mission to support SMEs not only with financial solutions but also with unmatched security measures.
Flagright specializes in sophisticated AI technology and offers an intuitive, no-code interface, which will allow SALT to seamlessly integrate comprehensive compliance and fraud prevention measures. This will further secure the financial transactions of SMEs in the region, highlighting the dedication of both companies to improving financial security and fostering innovation within the SME sector.
Ankit Parasher, Co-Founder at SALT, expressed his enthusiasm for the partnership: “Joining forces with Flagright, a fellow YC alumni, is a significant milestone for SALT. It strengthens our mission to support SMEs with not just financial solutions but also unparalleled security. Flagright’s technology will play a crucial role in protecting our platform and our customers from financial crimes, ensuring that SMEs can operate with confidence and security.”
Baran Ozkan, Co-founder and CEO of Flagright, also commented on the collaboration: “We are excited to partner with SALT and support their mission to empower SMEs. Our shared background as YC alumni strengthens our collaboration, as we both understand the importance of innovation and security in scaling businesses. We are eager to contribute to SALT’s success with our robust security solutions.”
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