Flagright

Flagright offers an advanced AI-native platform designed to streamline AML compliance and fraud prevention for financial institutions such as fintech startups and banks. Emphasizing a no-code approach, the platform boasts several sophisticated features that are geared towards real-time transaction monitoring, which encompasses all aspects of AML compliance and fraud detection. With a tailored case management system, Flagright automates the inquiry process by providing an end-to-end solution for investigating suspicious activities. The AI forensics tool allows for queries in natural language, employing AI-powered analysis to generate firm recommendations backed by data. Furthermore, Flagright's solution includes an intricate customer risk assessment algorithm which can be customized to fit specific organizational requirements, enabling companies to automate and streamline the evaluation procedure. Merchant monitoring is another critical facet of Flagright's system, providing automated oversight of businesses to detect potential fraudulent activities and AML risks. A comprehensive screening function also facilitates the vetting of individuals, businesses, or blockchain wallets through a single API, which includes sanctions, politically exposed persons (PEP), and adverse media (AM) screening. The platform is well-integrated with essential systems and provides notifications, access to a bad actor database, customer relationship management (CRM), and processes for Know Your Business (KYB) and ID verification. Flagright also offers a suite of professional services including custom AML program design, audit support, Banking-as-a-Service (BaaS) onboarding, assistance with Money Laundering Reporting Officer (MLRO) hiring, and help with obtaining fintech licensing.

Key Features

• Real-time Transaction Monitoring: Provides transaction monitoring for all AML compliance and fraud use cases.

• Case Management: Offers an automated end-to-end solution to investigate suspicious activities.

• AI Forensics: Allows for natural language queries, AI-powered auto-analysis, and decisive recommendations.

• Customer Risk Assessment: Enables customization and automation of customer risk assessment algorithms.

• Sanctions, PEP, AM Screening: Screens individuals, businesses, or blockchain wallets in a single API.

FAQ

What is Flagright?

Flagright is an AI-native platform designed for fintechs and banks to address AML compliance and fraud prevention issues by monitoring, screening, investigating, and reporting.

Is there a promotional offer for fintech startups on Flagright?

Flagright offers one year of free access to its AML compliance software for EU or UK fintech startups who sign up by June 9, 2024.

Can Flagright's platform screen blockchain wallets for AML risks?

Yes, Flagright's platform can screen individuals, businesses, or blockchain wallets all through a single API.

Is Flagright participating in any upcoming events?

Flagright will be an exhibitor at Seamless Europe 2023 in Berlin, offering premium and exhibition passes.

What professional services does Flagright offer?

Flagright's professional services include AML program design, audit support, BaaS onboarding support, MLRO hiring assistance, and fintech licensing aid.