Flagright

Flagright provides an AI-native AML compliance and fraud prevention platform for fintechs and banks to monitor, screen, investigate and report financial crime. It's a new standard for financial crime monitoring and investigations that uses AI algorithms to spot and interpret complex patterns and therefore better identify and prevent potential problems.

Flagright is designed for fintechs, banks, neobanks, cryptocurrency companies, merchants and e-commerce sites. It offers real-time and risk-based transaction monitoring, AI-driven insights and case management tools so businesses can grow with confidence, knowing every transaction is safe and compliant.

Among its features:

• Automated Case Management: Handle suspicious activity more efficiently with automated case creation, collaboration and real-time notifications.
• AI-Powered Risk Detection: Use advanced AI algorithms to spot complex patterns and identify potential problems to improve AML compliance and fraud prevention.
• Real-Time Transaction Monitoring: Build and manage rules on a no-code platform with sophisticated filters for real-time and batch processing use cases.
• Customer Risk Assessment: Automatically calculate customer risk for individuals and merchants with a dynamic scoring engine that replaces spreadsheets and human error.
• Unified Solution: Meet AML compliance needs with a single, powerful platform that replaces multiple tools.
• Collaborative Console: Improve productivity and decision-making with a user-friendly console that enables team collaboration.
• API Integration: Integrate end-to-end in 4 days with a powerful REST API designed for developers.

Flagright offers a 99.99% API uptime, 5-day integration time, 92% accuracy of case narratives and 95% fraud detection. It promises to cut manual task hours by 40% and false positives by 80%. Customers can expect a 200% increase in productivity and a 30% reduction in case closure time.

Flagright's solutions are designed for a variety of businesses, including fintechs and banks, cryptocurrency and gaming companies. By using AI-native technology and powerful APIs, Flagright helps companies automate their compliance work, cut false positives and improve risk assessment.

Published on June 14, 2024