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Flagright & SALT to fuel financial security for SMEs in India & Asia

By Gloria Mathias

February 27, 2024

  • AI
  • AML
  • Anti - Money Laundering
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Flagright, Aforti, SMEs, Financial Services, AI, Anti-Money Laundering, AML, fraud prevention, traditional banking, online currency exchange, financial institution, Fintech news, Fintech Europe, SME Solutions, Asia, SALTFlagright, an AI-native Anti-Money Laundering (AML) compliance and fraud prevention solution, has announced its partnership with SALT, a financial platform designed to empower SMEs in India & Asia.

This collaboration is a testament to the shared Y Combinator heritage, underscoring both companies’ commitment to leveraging technology for financial security and innovation.

SALT, recognised for its unique approach to providing SMEs with the financial tools they need to thrive, is set to integrate Flagright’s advanced AML and fraud prevention technologies. This strategic move will bolster SALT’s capabilities in offering secure, efficient, and innovative financial services to Indian & Asian businesses.

Ankit Parasher, Co-Founder at SALT, shared, “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 intuitive, no-code interface will enable SALT to seamlessly integrate comprehensive compliance and fraud prevention measures, further securing the financial transactions of SMEs in the region. This partnership highlights the dedication of both companies to improving financial security and fostering innovation within the SME sector.

Baran Ozkan, Co-founder and CEO of Flagright, stated, “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.”

SALT is a financial platform for SMEs in India & Asia, offering a range of services designed to meet the needs of businesses in the region. As a Y Combinator-backed company, SALT is dedicated to leveraging technology to provide SMEs with the financial tools and security they need to grow and succeed.

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