Flagright and TransactionLink, a platform for crafting digital onboarding experiences, have unveiled a collaborative partnership.
The cornerstone of this strategic alliance is to roll out superior compliance solutions and bolster fraud prevention for financial institutions worldwide.
Flagright stands at the forefront in the battle against financial crime. Their specialisation lies in Anti-Money Laundering (AML) compliance and meticulous fraud prevention. On the other side, TransactionLink has etched its mark with a cutting-edge automation platform. This platform serves dual purposes: ensuring back-end checks and enhancing front-end customer interactions. Their objective aligns flawlessly with Flagright’s ambition, aiming for a unified approach to AML compliance and fraud prevention.
This alliance’s culmination will offer enhanced capabilities that promise to aid clients in adeptly and efficiently meeting their regulatory obligations. The need for such a solution is pressing, given the intricate and rapidly shifting financial landscape.
The evolution of financial crime underscores the pertinence of this collaboration between Flagright and TransactionLink. Their collective expertise is poised to profoundly augment compliance processes and fraud prevention strategies, thereby fortifying global financial institutions.
Flagright Co-founder & CEO Baran Ozkan said, “TransactionLink is an invaluable tool for financial institutions aiming to streamline complex workflows and bolster their risk and decision-making processes. We firmly believe that our current and prospective customers will gain immense benefits from the products and services they offer.”
TransactionLink CEO & Founder Mateusz Pniewski expressed, “We’ve admired Flagright for their state-of-the-art real-time transaction monitoring. Beyond just transactions, their approach to customer risk assessment and sanctions screening is commendable. This collaboration presents a significant opportunity for financial institutions globally. By combining our strengths, we can provide a more holistic view of compliance programs, seamlessly integrating transaction monitoring with enhanced onboarding processes. Ultimately, our goal is to significantly elevate the security and compliance standards for financial institutions globally.”
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