Blog Posts
Maintaining AML and Regulatory Compliance
For fintechs and neobanks, maintaining both AML and regulatory compliance is essential for their business operations.
Insights on fraud protection & regulatory compliance for fintechs and neobanks
New Releases
Flagright x Ziina
Ziina also offers a way for small businesses to collect payments through various methods, further underscoring their commitment to providing...
Blog Posts
Understanding the ROI of AML Compliance
One common approach to measuring the ROI of AML compliance is to calculate the cost savings resulting from the prevention or detection of financial...
Blog Posts
Digital Payments and AML Compliance
Digital payments have revolutionized the way we conduct financial transactions, offering greater convenience and speed than traditional payment...
Blog Posts
Enhanced Due Diligence (EDD) for Fintechs and Neobanks
EDD is a more in-depth level of due diligence that financial institutions should perform on higher-risk customers, transactions, and counterparties.
Blog Posts
Currency Transaction Reports: Staying Compliant with AML Regulations
One of the key requirements for AML compliance is the filing of currency transaction reports (CTRs).
Blog Posts
Uncovering the Role of Money Mules in Money Laundering
Money mule schemes are a serious threat to businesses and the financial system.
New Releases
Flagright x Fingo Africa
Fingo Africa is not just any neobank - they are a youth-focused banking solution that has just received regulatory approval from the Central Bank of...
Blog Posts
Navigating the Impact of FATF Grey Lists and Blacklists on Fintechs and Neobanks
Fintechs and neobanks need to be aware of the implications of countries being placed on these lists and understand how they can navigate the...
New Releases
Flagright x kevin.
kevin.’s rapid expansion is a testament to its dedication to innovation and customer service.
Blog Posts
Protecting Fintechs and Neobanks from Fraud: A Guide to Suspicious Activity Reports
Financial institutions can leverage technology to streamline their SAR filing process, improving the accuracy and efficiency, and reducing the time...
Blog Posts
Why Post-Monitoring is Essential for AML Compliance and Fraud Protection
By implementing post-monitoring, fintechs and neobanks can gain valuable insights into their customers' behavior and identify potential risks.
Blog Posts
Why Fintechs and Neobanks Need to Take Money Laundering Seriously
Fintechs and neobanks are vulnerable to money laundering due to their reliance on digital platforms and the fast-paced nature of their businesses.
Blog Posts
5 Essential Steps for Securing Payments: A Guide for Fintechs and Neobanks
It is critical for fintechs and neobanks to implement robust payment security measures that can protect their customers' sensitive financial data.
Blog Posts
A Guide to Customer Due Diligence for Financial Institutions
Customer due diligence (CDD) is a key component of AML compliance, requiring financial institutions to verify the identity of customers, assess their...
Blog Posts
Understanding Risk Management in AML Compliance
Financial institutions must implement measures to ensure they are compliant with applicable regulations, or risk hefty penalties and reputational...
Blog Posts
Unraveling the Complexities of Customer Risk Assessment in Fintech and Neobanking
It is important to understand the complexities of customer risk assessment and how it helps fintechs and neobanks meet their regulatory obligations.
New Releases
Launchpad is now Live for Kenya
After successfully launching for the UK, Singapore, and Canada markets, we are excited to announce that Launchpad is now available in Kenya.
Blog Posts
Reducing False Positive in the Protection Against Fraud
False positives in fraud protection can have a significant impact on fintech and neobank businesses, as well as their customers.
Blog Posts
Why Sanctions Screening is Important for Fintechs and Neobanks
Sanctions screening is essential for financial institutions, including fintechs and neobanks, to comply with AML regulations and mitigate the risk of...
Blog Posts
Effective Merchant Monitoring for Fintechs and Neobanks
Ensuring effective merchant monitoring is essential for fintechs and neobanks to effectively comply with AML regulations and protect against fraud.
New Releases
Flagright Partners With Clear Junction
Flagright has established a strategic partnership with Clear Junction to provide fintechs with access to banking-as-a-service (BaaS) solutions
Blog Posts
AML Compliance in the Fight Against Terrorist Financing
Compliance with regulations aimed at preventing terrorist financing is crucial for fintech and neobank companies to maintain their reputation and...
Blog Posts
Effective Measures for Stopping Financial Crime in Neobanks and Fintechs
Learn about the best and effective measures for stopping financial crime in the fintech and neobank industries
Blog Posts
6 Benefits of Transaction Monitoring: Protecting Fintechs & Neobanks from Fraud
In the fintech and neobank industry, transaction monitoring has become a crucial aspect to ensure compliance with regulations and prevent money...
Blog Posts
Protecting Fintechs and Neobanks from Fraud: Best Practices for a Secure System
Fraudsters have become increasingly adept at exploiting vulnerabilities in the financial system, so it is essential for fintechs and neobanks to stay...
Blog Posts
AML Compliance - The Benefits of a Risk-Based Approach
When properly implemented, the risk-based approach allows for a balanced integration of human judgment and modern technology in the AML compliance...
Blog Posts
Combating Financial Crime With a Data-Driven Approach
In today’s world, financial crime is a major challenge for businesses, banks, financial institutions like fintechs and neobanks, and even governments.
Blog Posts
Customer Risk Profiling: A Key to AML Compliance
A dynamic approach to customer risk profiling can help financial institutions stay ahead of today's ever-evolving regulatory landscape
New Releases
Launchpad is now live for Canada
After launching in the UK and Singapore, we are thrilled to announce that Launchpad is now available for Canada.
Blog Posts
How Money Laundering Affects the Financial System?
From banks losing millions in fines and sanctions, to damaging reputations from high-profile money laundering scandals
New Releases
Flagright Partners With ComplyAdvantage
Flagright has established a strategic partnership with ComplyAdvantage to provide a real-time database on sanctions, PEPs, and adverse media...
New Releases
Launchpad 2.0: All the Advisory Services You'll Need
Flagright's advisory services can assist in navigating the complex world of financial regulation and compliance with minimal effort.
Blog Posts
Understanding False Positives in Transaction Monitoring
Our world-class real-time transaction monitoring tool supports configuring risk-based thresholds and actions for each rule based on customer risk...
Blog Posts
Data Privacy and Security in AML Compliance
Flagright is SOC 2, GDPR, and CCPA compliant. This is to ensure that your data is always safe with us.
Employee Spotlight
Damilola Joseph Ibitola
I think it started from loving the idea of working for a startup that was trying its best to break away from the norm of not caring about the...
Blog Posts
What is Banking as a Service (BaaS)?
Banking-as-a-Service has become the most innovative way for fintech to quickly bring a customer-focused bank platform to market through digital means.
New Releases
Launchpad is now live for Singapore
We can also provide assistance with developing tailored AML policies, onboard with relevant BaaS providers, and other essential compliance procedures.
Blog Posts
What is KYC and why does it matter?
Simply put, any company that provides financial services must comply with KYC regulations.
New Releases
Flagright Partners With AiPrise
This expands Flagright's product offerings to provide identity verification and KYC services and helps operational teams centralize their work on a...
Blog Posts
Understanding Sanctions and Sanctions Screening
Sanctions lists are created with the goal of reducing financial crime and risk by identifying those who engage in illegal activities.
Employee Spotlight
Ankita Gupta
I liked what Flagright was going to do—assist fintechs and startups in preventing financial crime, and I liked the idea that everything I worked on...
Blog Posts
5 Common Pitfalls in Effective Transaction Monitoring
Organizations that use inadequate or outdated transaction monitoring systems face extremely challenging compliance processes
Blog Posts
A Guide to Understanding Politically Exposed Persons
With growing scrutiny from local and international financial regulators, financial institutions must protect themselves against all types of...
New Releases
Flagright Partners With Coinfirm
In an era where cryptoassets and transactions are becoming increasingly mainstream, it is more important than ever to ensure that businesses...
Blog Posts
What Causes an AML Compliance Program to Fail?
By utilizing the right systems, you can easily track customers’ information and develop a complete picture of their activities.
Blog Posts
What You Should Know About AML Penalties and Fines
But what if an entity other than a bank violates AML laws? Which violations result in the largest penalties?
Employee Spotlight
Chia Lun Wu
"I was a bit hesitant in the beginning, but finally, I decided to join because, YOLO, and I thought it would be a unique and interesting experience."
Blog Posts
Detecting Fraud in Real-Time Payments
predicting the patterns and types of fraud that can influence real-time payments is difficult.
Blog Posts
Key Components of an AML Compliance Program
financial institutions across the globe are in dire need of developing methods that help them adopt and implement anti-money laundering (AML)...
Blog Posts
Preventing Payment Fraud
When faced with increasingly secure fraud-protection systems implemented by much larger businesses, fraudsters begin to target smaller, less-secured...
Blog Posts
AML Regulatory Bodies You Should Know About
AML compliance requires engaging with financial regulators and comprehending national and international regulations everywhere you conduct business.
Blog Posts
How to Build a Comprehensive AML Policy
Money laundering, like other financial crimes, is an ongoing threat to financial institutions.
Blog Posts
Applying For a Fintech License? Flagright Has You Covered
Licensing issues still prevail across most industries, despite advances being made recently, with technology playing its part.
Employee Spotlight
Kaushik Kumar
Read how Kaushik's passion for science, mathematics, and competitive programming led him to pursue a career in software engineering.
Blog Posts
Financial Crimes and How To Take Action Against Them
Financial concerns have suddenly risen to the top of the agenda across a wide range of businesses, including fintech, banking, eCommerce, and more.
Blog Posts
Everything You Should Know About Reporting Suspicious Activity
Although money laundering is still common, SARs have been utilized to stop illegal conduct in some reported cases.
Blog Posts
The Importance of Anti-Money Laundering
It's no secret that financial institutions are in the hot seat when it comes to anti-money laundering (AML) compliance.
Employee Spotlight
Nikolai Mavrenkov
Learn how Nikolai's childhood fascination with computers led him to a career as a software developer.
New Releases
Flagright raises a $2.8M seed round to help startups fight financial crime and money laundering
Flagright, a Berlin-based startup, has announced a $2.8M seed raise, to accelerate their mission of helping fintech startups prevent, and defend...
Blog Posts
20 Myths About Fraud Prevention
Fraud prevention policies and procedures can be challenging for financial institutions that have grown and expanded without having these areas built
Blog Posts
A Cost-Effective Solution To Preventing Financial Crime
Budget concerns are a common stumbling block, especially for newer startups that are still expanding and finding their footing.
Blog Posts
Understanding Real-Time Transaction Monitoring
Regulators are cracking down on financial institutions that do not improve their fraud prevention procedures.
Blog Posts
Why Fincrime Prevention Tools Are Necessary To Recession-Proof Your Organization
a growing number of hazards make it difficult to forecast the future, prompting many analysts to predict a recession.
Blog Posts
How to Do Risk Scoring
Many types of risk could only be predicted or hypothesized in the past until they became more serious scenarios posing risks to financial institutions
Blog Posts
Dangers Of Money Laundering: Expectations vs. Reality
The United Nations Office on Drugs and Crime estimates that the money laundering cycle costs between $800 billion and $2 trillion per year.
Blog Posts
Managing Insider Fraud Threats at Financial Institutions
Unfortunately, fraud is being committed by insiders, the very people who are meant to be supporting and defending an organization
Blog Posts
Why fintechs and neobanks can build and grow up to 8x faster in 2022
AML compliance solutions have traditionally been cost and time intensive for fintech startups. Here’s why that’s no longer the case.
Blog Posts
Compliance Challenges in 2022
impose sanctions that often result in substantial fines, jeopardizing licenses, and significantly damaging reputations.
Blog Posts
Best Practices In Conducting AML Investigations
Experienced money launderers can increasingly exploit the often-fragmented nature of international anti-money laundering (AML) regulations.
Blog Posts
Developer shortage and the power of no-code
The pain points around hiring engineering talent have also led to faster adoption of no-code tools globally across multiple industries.
Blog Posts
How user risk scoring can enable revenue growth for fintechs
risk scoring can enable healthy revenue growth instead of leading to user friction, redundant account suspensions,
Blog Posts
Building a compliant user experience in fintech
there is an unspoken layer of friction between compliance risk management and user experience.
