rewrite this title Arva AI and FairPlay Team Up to Help Financial Services Firms Embrace Agentic AI – Finovate

Financial crime prevention company Arva AI has teamed up with FairPlay, an AI enablement company for financial services.

The partnership calls for FairPlay to use its Agentic Assurance Platform to validate the effectiveness and safety of Arva’s AI agents for AML and KYC use cases.

Headquartered in San Francisco, California, Arva made its Finovate debut at FinovateEurope 2025.

Financial crime prevention technology company Arva AI has announced a partnership with AI enablement company for financial services, FairPlay. The partnership will enable FairPlay to validate the effectiveness and safety of Arva’s agentic AI solution for Anti-Money Laundering (AML) and Know Your Business (KYB) use cases using its FairPlay Agentic Assurance Platform.

“Financial institutions need assurance that their AI systems are not only powerful, but also safe, reliable, and regulator-ready,” FairPlay Founder and CEO Kareem Saleh said. “By partnering with Arva, we’re helping the industry deploy tested and trusted agents that can stand up to both business demands and compliance scrutiny.”

FairPlay’s Agentic Assurance Platform will provide scenario-based stress testing that uses realistic, multi-turn conversations and workflows to uncover hidden vulnerabilities. The platform has a control mapping engine that links observed risks to compensating controls such as prompt optimization, output filtering, and rollback options. Additionally, the solution features auto-generating documentation that is aligned with SR 11-7 model risk management guidance, the NIST AI Risk Management Framework, and emerging ISO standards.

Arva’s partnership with FairPlay comes at a time when a growing number of banks and financial services companies are seeing agentic AI as “the antidote to KYC/AML headwinds,” according to an August report from McKinsey. Noting that banks often “assign up to 10 to 15 percent of their full-time equivalents to KYC/AML alone,” the report observes that agentic AI provides a “paradigm shift” compared to other AI technologies. This includes productivity gains of 200 to 2,000 percent, according to McKinsey, as well as “a substantial positive impact on the quality and consistency of output.”

“At Arva, our mission is to transform financial crime prevention with cutting-edge AI,” Arva Founder and CEO Rahim Shah said. “FairPlay’s Agentic Assurance Platform provides the rigorous testing and evidence generation our customers need to trust and scale these technologies with confidence.”

Arva made its Finovate debut at FinovateEurope 2025. At the event, the company demonstrated its business verification solution that leverages AI agents to enhance compliance, accelerate review, and cut operational costs. Arva processes more than 100,000 alerts a month and notes that companies deploying its technology have seen an increase of more than 40% in straight through processing, with as many as 92% of reviews handled by the AI. Founded in 2024, Arva is headquartered in San Francisco, California.

Arva began 2025 securing $3 million in seed funding. The round was led by Google’s Gradient fund and featured participation from Y Combinator, Amino Capital, and Olive Tree Capital.

Photo by Joonyeop Baek on Unsplash

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