Flagright, a provider of AI-native anti-money laundering (AML) compliance and fraud prevention solutions, has teamed up with SALT, a financial platform catering to SMEs in India and Asia.
SALT, known for its approach in providing SMEs with essential financial tools, will integrate Flagright’s AML and fraud prevention technologies. Both companies have previously participated in the Y Combinator (YC) programme, a startup accelerator that provides funding, mentorship, and resources to early-stage companies.
This new integration aims to enhance SALT’s capabilities in delivering secure and efficient financial services to businesses in India and Asia.
Ankit Parasher, co-founder at SALT, commented: “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.”
Flagright’s AI technology and no-code interface will facilitate SALT in effortlessly incorporating extensive compliance and fraud prevention protocols, enhancing the security of financial transactions for SMEs in the area. This collaboration underscores both companies’ commitment to enhancing financial security and promoting innovation in the SME sector.
Baran Ozkan, co-founder and CEO of Flagright, also added: “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.”
