Flagright
Flagright is a B2B company headquartered in Singapore, specializing in AML compliance and fraud prevention solutions for fintechs and banks, utilizing advanced AI technologies to enhance operational efficiency and scalability.
Company Overview
Flagright specializes in B2B solutions, offering AML compliance and fraud prevention services specifically designed for fintechs and banks. With headquarters in Singapore and an additional office in Berlin, Flagright operates across Singapore, Germany, Southeast Asia, Europe, and other remote regions. The company, which is a part of Y-Combinator's W22 batch, has a team size of 20 members and services customers on six continents.
Product Offerings
Flagright offers a range of products aimed at enhancing AML compliance and fraud prevention. These include real-time transaction monitoring, case management, AI forensics, customer risk assessment, and merchant monitoring. By leveraging generative AI through Flagright AI, the company ensures scalable and high-performance compliance operations. The unified platform is built to reduce the complexity of managing multiple tools, offering a user-friendly console for team collaboration and productivity.
Technology and Integrations
Flagright utilizes advanced AI algorithms for analyzing and interpreting complex patterns in real-time. The platform integrates seamlessly with popular tools like Slack, Salesforce, HubSpot, Zendesk, Intercom, Ondato, Transactionlink, Comply Advantage, Open Sanctions, and Blockscope, providing enhanced functionality. Designed with developers in mind, Flagright offers robust REST API documentation that enables easy integration within just 4 days.
Compliance and Certifications
Flagright adheres to stringent compliance standards, being ISO-Certified, SOC 2 Compliant, and aligned with GDPR and CCPA regulations. This commitment to compliance ensures that their solutions are reliable, secure, and meet industry requirements. Their professional services extend to AML program design, audits, banking as a service (BaaS) onboarding support, Money Laundering Reporting Officer (MLRO) hiring assistance, and fintech licensing.
Events and Webinars
Flagright actively participates in industry events and webinars. Notably, they offer free passes for Seamless Asia, reflecting their commitment to community engagement and knowledge sharing. These events provide platforms to discuss the latest trends in AML compliance and fraud prevention, helping customers stay informed and updated with cutting-edge solutions.