FairPlay, a leader in AI enablement for financial services, has partnered with Arva AI, a pioneer in financial crime prevention, to validate and assure the safety of Arva's agentic AI systems for Anti-Money Laundering (AML) and Know Your Business (KYB) applications. Using FairPlay’s Agentic Assurance Platform, this collaboration ensures robust, compliant, and reliable AI deployment.
FairPlay partners with Arva AI to validate AML and KYB AI agents.
FairPlay’s Agentic Assurance Platform tests and ensures AI system safety.
Features scenario-based stress testing and regulator-ready documentation.
Supports compliance with SR 11-7, NIST, and ISO AI standards.
Enhances trust in Arva’s AI for financial institutions and fintechs.
Strengthens scalable, secure AI adoption in financial crime prevention.
The partnership leverages FairPlay’s Agentic Assurance Platform to independently validate Arva’s AI agents used for screening, KYB, and transaction monitoring. This ensures that these systems meet stringent compliance and performance standards. “Financial institutions need assurance that their AI systems are not only powerful, but also safe, reliable, and regulator-ready,” said Kareem Saleh, Founder and CEO of FairPlay. “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 platform addresses AI risks through advanced features:
Scenario-Based Stress Testing: Simulates realistic multi-turn conversations to identify vulnerabilities in AI workflows.
Control Mapping Engine: Links risks to controls like prompt optimization, output filtering, and rollback options.
Regulator-Ready Evidence: Generates documentation aligned with SR 11-7, NIST AI Risk Management Framework, and emerging ISO standards.
These capabilities ensure Arva’s AI agents are thoroughly vetted for reliability and compliance, providing financial institutions with confidence in their deployment.
Arva AI’s mission is to transform financial crime prevention through advanced AI-driven solutions. “At Arva, our mission is to transform financial crime prevention with cutting-edge AI,” said Rhim Shah, Arva’s Founder & CEO. “FairPlay’s Agentic Assurance Platform provides the rigorous testing and evidence generation our customers need to trust and scale these technologies with confidence.” This partnership enhances Arva’s ability to deliver scalable, intelligent operations for banks, fintechs, and regulated enterprises.
By combining FairPlay’s validation expertise with Arva’s AI-driven compliance solutions, the partnership fosters responsible AI adoption in financial services. It provides an independent layer of assurance, enabling Arva’s customers to deploy AI agents that meet the highest governance standards while addressing critical AML and KYB challenges.
This collaboration positions FairPlay and Arva AI at the forefront of secure, compliant AI innovation, empowering financial institutions to combat financial crime effectively while maintaining regulatory trust and operational efficiency.
FairPlay is the AI enablement company for financial services and insurance industries. FairPlay specializes in testing, tuning, and validating AI systems and agents—helping institutions deploy AI faster, more profitably, and in full compliance. FairPlay products address the toughest challenges in AI deployment, including Bias Testing, Model Optimization, Model and Agentic Validation, Second Look and Safe AI Sourcing.
Founded by data scientists and software engineers from Google, Microsoft, Hulu, Elementary Robotics, ZestAI, and the U.S. Government, FairPlay brings deep expertise in applying AI to underwriting, pricing, marketing, fraud detection, and other high-stakes decisions.
FairPlay’s founders have testified before Congress on the use of AI in lending and were commissioned by the Brookings Institution to author an AI Policy Agenda for federal financial regulators. Its advisory board includes David Silberman, former Deputy Director of the CFPB; Manny Alvarez, former Commissioner of California’s Department of Financial Institutions; and Kevin Moss, former Chief Risk Officer of Wells Fargo and SoFi.
FairPlay’s work has been featured in The Wall Street Journal, USA Today, Politico, American Banker and Forbes. In 2023, Fast Company recognized FairPlay’s as a “World Changing Idea.”
Arva AI is pioneering the future of compliance by empowering financial institutions to outsmart financial crime through advanced AI-driven decisions. By fusing deep compliance domain expertise with cutting-edge machine learning and product design, Arva delivers faster, more intelligent, and highly scalable operations for banks, fintechs, and regulated enterprises.
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