Flagright, a firm specialising in AML and fraud prevention, has entered into a partnership with Baraka, a Middle Eastern investment platform.
Flagright is recognised for its innovative, AI-driven solutions to financial crime, while Baraka is acclaimed for its accessible platform that enables investment in US stocks and ETFs.
This collaboration aims to enhance the security and integrity of investment opportunities for individuals in the Middle East. By integrating Flagright’s advanced AML technology and fraud prevention systems, Baraka seeks to provide a safer, more secure investment experience for its users.
Flagright brings to the table its cutting-edge AI technology and an intuitive, no-code platform that facilitates easy implementation of compliance and security measures. Conversely, Baraka offers a user-friendly platform that democratises access to international financial markets, specifically US stocks and ETFs, empowering users with the tools they need for confident investment.
The partnership is celebrated as a significant milestone for both companies, which are part of the Y Combinator network, showcasing a shared background of innovation and commitment to transforming the financial landscape. This collaboration is set to redefine investment security standards in the Middle East, leveraging technology to address critical challenges in the sector.
Both companies have expressed a strong commitment to creating a secure and transparent investing environment. Their shared history as Y Combinator alumni strengthens this new partnership, fostering a deep understanding of how technology can solve pivotal challenges in the financial industry.
Baraka Director of Compliance, Kayne Osbourne said, “Joining forces with Flagright represents a crucial step forward in our commitment to providing a safe and transparent investing environment. Our platform is designed to inspire confidence among our users, and with Flagright’s support, we’re enhancing our defenses against financial crime, ensuring our investors’ assets and personal information are protected to the highest standard.”
Baran Ozkan, Co-founder and CEO of Flagright commented, “We are excited to partner with Baraka, a company that shares our vision for a secure and inclusive financial ecosystem. Our collaboration is set to redefine investment security in the Middle East, and we are committed to supporting Baraka’s innovative platform with our robust security solutions. Our shared experience as YC alumni strengthens our partnership, bringing together a deep understanding of technology’s power to solve critical challenges in the financial sector.”
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