BBA Associate membership enhances world-class fraud and money laundering prevention capabilities
London– 1st October, 2016. Salviol Global Analytics, a leading provider of proven cutting-edge technology for the prevention, detection and investigation of fraud and money-laundering has become an associate member of the British Bankers’ Association. As a player in the fight against fraud in the financial services sector worldwide, Salviol will actively support the BBA’s endeavors to ensure that its members benefit fully from leading-edge methods and technology for fighting fraudsters.
As the leading banking trade association based in the UK, the BBA is playing a leading role in the fight against financial crime and helping its members to set the standard for best-practices in this area. They have over 240 member organisations with a global presence. The BBA is the voice of banking, representing the world’s largest banking cluster with 80 percent of global systematically important banks being members. The BBA supports and promotes policies and initiatives that balance both the interest of banks and the wider public.
“We are delighted to have become a member of one of the world’s leading banking associations,” said Ameet Dave, VP of Financial Services at Salviol Global Analytics. He added, “With financial crime, including the use of sophisticated technology by organized fraudsters, on the rise it is imperative that we share best-practice methods and technology to combat and reverse this trend. We feel privileged to have become a part an association that is committed to helping its members to set the highest standards in this area.”
BBA Commercial Director, Jason Cole “We are very pleased to welcome Salviol Global Analytics as an associate member. We are looking forward to working with Salviol as an important contributor to our strategy to ensuring that our members benefit fully from new insights into how innovative methods and technology can be used to combat financial crime.”
Aleksandar Vidovic, CEO of Salviol Global Analytics added, “The financial sector faces unprecedented challenges in terms of both the complexity of compliance with anti-money laundering and the sophistication of organized fraud rings targeting both the banks and their customers’ funds. Salviol is committed to the most effective application of technology in combating financial crime as well as sharing best practices/ experience across our global customer base. Associate membership of the BBA is key development that will enhance these capabilities. We anticipate this will deliver substantial benefits to our clients and, just as importantly, enhance the protection for the industry”
About Salviol Global Analytics
Salviol Global Analytics is dedicated to using cutting-edge technology to fight financial crime. It was founded with this focus and it’s FROPS platform is providing breakthrough results in the prevention and detection of fraud and money-laundering in real-time.
Moreover, with the accuracy with which it detects the propensity for fraud at the account/loan origination stage and the transition of existing accounts to fraud / money laundering at a very early stage results in a substantial contribution to profitability. Salviol Global Analytics operates across the globe. Together with its customers and partners it continually monitors the market for new types of fraud schemes and ensures that FROPS intercepts them.
The BBA is the leading banking trade association based in the UK. They have over 240 member organisations with a global presence. The BBA is the voice of banking, representing the world’s largest banking cluster with 80 percent of global systematically important banks being members. The BBA supports and promotes policies and initiatives that balance both the interest of banks and the wider public.