How Ziina leveraged Flagright to reinvent its AML and fraud prevention protocols

How Ziina leveraged Flagright to reinvent its AML and fraud prevention protocols

Ziina, under the strategic leadership of their Head of Compliance and AML, Leonardo Correa, has adopted the groundbreaking platform of Flagright to revolutionise their AML compliance strategies and fraud prevention procedures.

The digital financial landscape is dynamic and fraught with challenges, particularly regarding AML procedures and fraud prevention. As financial malpractices grow more intricate and regulatory demands escalate in complexity, the need for trusted, efficient, and inventive compliance solutions is more pressing than ever.

Flagright, an esteemed provider of AML compliance and fraud prevention solutions, is addressing this demand. Its pioneering API-driven platform is redefining compliance for financial institutions, strengthening their risk management and facilitating compliance with regulatory requirements with unprecedented efficiency. Through Flagright’s platform, financial institutions can more effectively combat financial crimes and adapt to a rapidly changing regulatory context.

Ziina, based in Dubai’s flourishing digital financial services sector, is one of the standout success stories among Flagright’s diverse clientele. Ziina’s mission to provide secure, easy-to-use, and transparent financial services aligns seamlessly with Flagright’s objectives.

Flagright recently explained how its technology is helping Ziina improve its revamp its AML compliance.

Implementing Flagright’s solution amplified Ziina’s operational efficiencies and risk management framework, effectively transforming Ziina’s risk assessment and management capabilities.

Previously, Ziina was employing traditional manual processes and several disparate tools for AML compliance and fraud prevention. These methods were not only time-consuming and inefficient, but they were also inadequate in detecting crafty illicit activities. Flagright’s platform has been pivotal in transforming these operations, enhancing customer risk assessment and risk-based transaction monitoring.

Leonardo Correa, Head of Compliance and AML at Ziina emphasised Flagright’s exceptional receptiveness to feedback and feature requests, demonstrating their commitment to customer needs. Flagright’s platform has been integral in refining Ziina’s AML compliance, fraud prevention strategies, and risk management, replacing manual processes with automated solutions.

Predicting a future where AML compliance and fraud prevention will be largely technology-driven, Leonardo places Flagright at the forefront of this evolution. He advises other FinTech companies and neobanks to consider Flagright for its effectiveness, efficiency, and commitment to customer satisfaction.

To sum up, Ziina’s transformation underlines Flagright’s expertise in delivering state-of-the-art AML compliance and fraud prevention solutions. The results — streamlined operations, significantly reduced false positives, and a fortified risk management framework — indeed speak volumes.

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