💡 Choosing the right #AML compliance solution is crucial in the fight against financial crime. Our latest article guides you through selecting the best solution to enhance #risk management, streamline #investigations efficiently, and ensure seamless integration with your existing systems. 👉 Dive into the full guide to strengthen your AML compliance approach: https://bit.ly/3S8mJLg #AMLCompliance #TransactionMonitoring #RiskManagement
Flagright
Software Development
AI-native AML compliance & fraud prevention platform for fintechs & banks to monitor, screen, investigate, and report.
About us
Flagright is an AI-native, centralized, no-code compliance platform that transforms AML compliance and fraud prevention for fintechs and banks. Our platform harnesses the power of generative AI to enhance compliance operations with real-time transaction monitoring, sophisticated case management, and proactive AI-driven investigations. Our comprehensive suite also includes customer risk assessment, offering dynamic customer risk assessment that adjusts to evolving risks and regulatory demands, alongside our robust sanctions, PEP, and AM Screening, merchant monitoring, AI Forensics, amongst many other features. Flagright's commitment to excellence is reflected in its real-time processing of suspicious activities and its swift service integration—typically just a week, a significant improvement over the industry standard of 2-4 months. This agility, combined with a holistic approach, places our customers at the forefront of AML compliance and fraud prevention. With a global footprint, Flagright empowers financial institutions, including fintechs and banks, to navigate complex regulatory landscapes confidently, safeguard against financial crime threats, and uphold the highest standards of trust and security.
- Website
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https://flagright.com/
External link for Flagright
- Industry
- Software Development
- Company size
- 11-50 employees
- Headquarters
- Singapore
- Type
- Privately Held
- Founded
- 2021
- Specialties
- Startups, Fintech, Fraud Prevention, AML Compliance, Regulatory Licensing, Case Management, Sanctions Screening, Transaction Monitoring, Blockchain Analytics, API, Anti-money Laundering, Risk Management, Payments, Real-time Processing, ID verification, KYB, Fraud Protection, Neobank, Rules engine, financial institution, AI, No Code, Merchant Monitoring, AI Investigations, Customer Risk Assessment, RegTech, Regulatory Compliance, AML Compliance Solution, AML Compliance Solution for Fintechs, AML Compliance Solution for Banks, Transaction Monitoring Solution, Transaction Monitoring Solution for Fintechs, Transaction Monitoring Solution for Banks, and Generative AI
Locations
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Primary
Get directions
Singapore, SG
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Get directions
Berlin, DE
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Get directions
San Francisco, California, US
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Get directions
Mysore, Karnataka, IN
Employees at Flagright
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Nikolai Mavrenkov
Senior Frontend Developer
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Johnnie Adkins
Building AML & Fraud solutions @ Flagright!
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Chia-Lun Wu
Software Engineer at Flagright
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Joseph Ibitola
Head of Growth @Flagright | AI-native AML Compliance for Fintechs & Banks | Regtech | Fintech | Product | Sales | Marketing
Updates
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🔍 Understanding and managing customer risk is important in today's financial landscape. Discover the best practices for conducting customer #risk assessments in our latest article. Learn how to effectively identify potential threats, leverage technology, and ensure ongoing monitoring to protect your #business and enhance compliance. 🔗 Dive into the full guide to improve your risk management strategies: https://bit.ly/3zAWXZH #CustomerRiskAssessment #AMLCompliance #RiskManagement
Best Practices for Conducting Customer Risk Assessment
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🚀 Flagright is thrilled to welcome One Money Mail Limited as our customer! Again and again, we are proud to see our family of innovative customers grow. One Money Mail, a pioneering Electronic Money Institution (EMI) specializing in money transfers between the UK and Poland, is now utilizing our advanced AI-native #AML compliance and #fraud prevention solution. This ensures their cross-border transactions are more secure and compliant than ever. 🌍 Stay tuned for more exciting updates on this as we keep pushing the boundaries of financial security! 🔜 #AMLcompliance #FraudPrevention #MoneyTransfer
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Thanks, Shabir, for acknowledging our dedication to innovation and excellence in AML and fraud prevention, and highlighting our transformative impact of AI in financial services, especially in risk assessment. At Flagright, we've long recognized the power of AI to revolutionize how transactions and customer risk profiles are managed. By leveraging advanced AI and large language models, we're not just keeping up with the times – we're setting the pace. Our commitment to continuous innovation ensures we remain the best AI-native AML compliance solution in the market!
While the use of AI in financial services is not new, the emergence of Generative AI has clearly accelerated the creation of AI-native startups aiming to automate workflows and empower financial institutions and teams. After mapping the space and meeting teams, here are the main topics that caught our attention. The CFO Suite: Come for the feature, stay for the product. Many companies aims to streamline financial processes by automating receivables and payables management, by improving bookkeeping accuracy and efficiency, or optimising document processing through AI driven solutions. We believe these features are highly relevant hooks but we are convinced that only a more holistic offering will drive retention. PS: We did not mention here all the players with broader scope who are building AI features retrospectively (e.g., Memo Bank, Silvr, Pivot, Pennylane, Flow48 etc.). Augmented Analysis: This sector has experienced the biggest acceleration with the emergence of LLMs. We are closely monitoring what is happening in this space, not only for investment opportunities but also to explore potential improvement of our own product. Risk Assessment: These companies did not wait for LLMs to use AI, as classification of transactions or customer risk profiles are well-adopted features in financial services, but the ability to process large amounts of unstructured data is clearly an opportunity for them to expand their value proposition. 🙏 Louis Petitjean Jonas Simonin daphni
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🌐 In the complex world of financial crime prevention, recognizing the risks associated with Politically Exposed Persons (PEPs) is vital. These individuals, due to their significant influence, pose unique challenges to financial institutions. PEPs are at a higher risk for involvement in bribery, corruption, and money laundering. Identifying and monitoring their transactions in real-time requires a robust understanding of #PEP definitions, effective screening processes, and maintaining an updated PEP list. Dive into our latest article; https://bit.ly/3XRoosm to explore the intricacies of managing PEP risks and enhancing financial compliance strategies. #AMLCompliance #AML #RiskManagement
Understanding the Risks of Politically Exposed Persons
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A big thank you to FinTech Global for featuring our latest update! We're excited to welcome Palla Financial as our new customer. 🚀 #AMLCompliance
Flagright, a FinTech company specializing in AI-native AML compliance and fraud prevention, has welcomed Palla Financial as a new customer. Read more here: https://lnkd.in/evJXSxnV Joseph Ibitola Baran Ozkan, CAMS
Palla Financial strengthens P2P payments security with Flagright technology
https://fintech.global
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Thanks, RegTech Analyst, for highlighting our exciting news! Thrilled to have Palla Financial join us as a new customer. 🌍 #AML #FraudPrevention
Flagright, a FinTech company specializing in AI-native AML compliance and fraud prevention, has welcomed Palla Financial as a new customer. Read more here: https://lnkd.in/eRtNspeP Joseph Ibitola Baran Ozkan, CAMS
Palla Financial strengthens P2P payments security with Flagright technology
https://member.regtechanalyst.com
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More on welcoming Palla Financial as our newest customer! Our shared Y Combinator heritage and commitment to leveraging cutting-edge technology highlight our dedication to innovation and security in the financial sector. 💸 🗣 Enrique Perezalonso, CEO and Co-Founder of Palla Financial, expressed his enthusiasm about the collaboration: "Partnering with Flagright is a significant step in reinforcing our commitment to security and compliance. As a fellow YC company, we share a vision of leveraging cutting-edge technology to drive innovation in the financial sector." 🗣 Baran Ozkan, CAMS, our co-founder and CEO, commented: "We are thrilled to support Palla Financial, a company that is revolutionizing international P2P payments with its innovative technology. Our collaboration reflects our shared commitment to ensuring that financial transactions are secure and compliant." Enrique continued: "Flagright’s state-of-the-art AML and fraud prevention technology will enhance our ability to protect our customers' transactions and ensure compliance with stringent regulatory standards. This collaboration ensures that Palla Financial continues to set the benchmark for secure and efficient payment processing." Highlighting the impact, Enrique added: "With Flagright’s support, we are setting new benchmarks for reliability and trust in the payment processing industry." Flagright’s AI-native, user-friendly, and no-code platform will empower Palla Financial to seamlessly implement robust #AML compliance and fraud prevention measures. We are proud to add Palla Financial to our growing list of Y Combinator alumni customers making a significant impact in the financial sector. Read the full press release in the comments! 📄 #AMLCompliance #FraudPrevention #P2PPayments #YCombinator
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The fight against financial crime demands cutting-edge technology. Discover how AI-native solutions are revolutionizing #AML compliance by enhancing real-time transaction monitoring, reducing false positives, and streamlining operations. Dive into our latest article to explore these innovative strategies and how they can fortify your defenses against financial crimes. 👉 Read the full article: https://bit.ly/3zkSoTb #AMLCompliance #TransactionMonitoring #FinancialCrimePrevention
Enhance AML Compliance with AI-native Solutions
flagright.com
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🚀 Exciting News! Flagright is excited to welcome Palla Financial as our newest customer! Palla Financial, an innovative platform enabling seamless P2P payments, is now using our cutting-edge AI-native AML compliance and fraud prevention technologies. This ensures their payment services remain secure, efficient, and compliant. 💸 Together, we're committed to enhancing the security and reliability of P2P payments! 🤝 Stay tuned for more exciting updates! 🔜 #AMLcompliance #FraudPrevention #P2PPayments
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