Flagright, a FinTech company specializing in AI-native AML compliance and fraud prevention, has welcomed Palla Financial as a new customer.
This collaboration will bolster the security frameworks around Palla Financial’s peer-to-peer (P2P) payment services. Both Flagright and Palla Financial are Y Combinator alumni, showcasing their mutual dedication to using advanced technology for enhancing financial security and innovation.
Palla Financial is recognized for its dynamic platform that facilitates swift P2P payments, operating round-the-clock throughout the year. The platform supports seamless authentication processes, along with the creation and storage of payment methods, ensuring rapid transfers between senders across international borders. By integrating Flagright’s sophisticated AML and fraud prevention solutions, Palla Financial aims to elevate the security and reliability of its payment services even further.
Enrique Perezalonso, CEO and Co-Founder of Palla Financial, expressed his enthusiasm about the partnership, emphasizing the shared vision between the two companies. “Partnering with Flagright is a significant step in reinforcing our commitment to security and compliance. Flagright’s state-of-the-art AML and fraud prevention technology will enhance our ability to protect our customers’ transactions and ensure compliance with stringent regulatory standards. This collaboration ensures that Palla Financial continues to set the benchmark for secure and efficient payment processing,” Perezalonso said.
Echoing the sentiment, Baran Ozkan, Co-founder and CEO of Flagright, shared his excitement about supporting a pioneering company like Palla Financial. “We are thrilled to support Palla Financial, a company that is revolutionizing P2P payments with its innovative technology. Our collaboration reflects our shared commitment to ensuring that financial transactions are secure and compliant. We look forward to supporting Palla Financial’s mission to provide a reliable and trustworthy payment service,” Ozkan commented.
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