Salv

Salv is a Tallinn-based provider of anti-financial-crime software for banks, fintechs, payment service providers and banking-as-a-service providers. Its modular SaaS platform is split into core compliance tools and intelligence-sharing tools: Salv Screening (sanctions, PEP/RCA and adverse media screening), Salv Monitoring (real-time and post-event transaction monitoring for criminal patterns), Salv Risk Scoring (customer risk assessment) and Salv Bridge (cross-institution messaging and data exchange for collaborative investigations). Customers can adopt individual modules rather than the full suite.

Salv Bridge is positioned as an operational layer replacing email, telephone and SWIFT MT199 exchanges between financial-crime teams. It supports fraud requests for information, sanctions screening RFIs, money-mule signal sharing, pooling of offboarded customers, collaborative AML investigations and cross-border cooperation across 16+ EU and UK jurisdictions, and is described as aligned with AMLR Article 75 and PSR Article 83. The product offers end-to-end encrypted secure messaging with templated investigations and urgency indicators, plus suspicious-entity sharing available through both a user interface and an API. Salv describes itself as a regulated partner and licensed KYC data processor, and holds an ISO/IEC 27001:2022 certificate and an ISAE 3000 compliant SOC 2 Type 2 report.

Founding story

Founder and CEO Taavi Tamkivi previously led fraud, revenue assurance and consumer analytics teams and built the AML, fraud and KYC teams at Skype and TransferWise (Wise), having also worked at Bigbank; concluding that compliance spending alone was not stopping laundering and that banks needed a way to share information without risking data breaches, he founded Salv to attack the underlying problem. He was joined by Jeff McClelland (COO), who began his career at ING Bank and led fraud and analytics teams at Skype before setting up TransferWise's analytics team, and Sergei Rumjantsev (CTO), who led KYC and verification engineering at TransferWise. Sten Tamkivi, former GM of Skype Estonia, is also named as a co-founder and advisor.

Business model

Salv sells a modular SaaS platform, with customers selecting individual products (screening, monitoring, risk scoring, Bridge) and receiving monthly feature updates; Bridge is offered on published pricing and operates as a membership network of financial institutions.

Software-as-a-service licensing of compliance modules and the Bridge intelligence-sharing network, with pricing published for Bridge.

Traction

More than 100 financial institutions across Europe use the platform, spanning 16+ EU and UK jurisdictions. Salv reports over 60,000 lawful intelligence exchanges between member institutions since 2021, a median first-action time of 15 minutes in cross-bank fraud investigations and an 84% median true-positive rate on shared signals. Customers report recovering roughly 80% of funds lost to fraud (2022) and reducing false positives and repetitive tasks by 80%. An Estonian pilot of AML Bridge prevented EUR 3 million from reaching criminal-controlled accounts, and the network has facilitated over 1,300 collaborative investigations.

Latest developments

Salv raised EUR 3.9 million in December 2023 to fund entry into the UK market, where authorised push payment fraud has risen sharply. The company continues to promote Bridge as an operational layer aligned with AMLR Article 75 and PSR Article 83 and lists 2025 and 2026 industry recognitions including Fintech Zone Winner and FinCrimeTech50.