Nedsom and Flagright, an AI-native, no-code platform for transaction monitoring and AML compliance, have announced a new partnership.
Nedsom, also known as Nedpay, is a Europe-based payment institution that allows individuals to send money worldwide through web and mobile apps, offering a range of payment methods, competitive fees, and strong security.
The partnership has been formed to support Nedsom’s expansion into new markets by replacing manual, Excel-based compliance processes with Flagright’s automated system. This move aims to give Nedsom’s compliance team the tools they need to scale operations without heavy engineering requirements, ensuring robust compliance with evolving regulations.
Nedsom focuses on delivering fast, reliable, and transparent money transfers across multiple global corridors, underpinned by a commitment to security and efficiency. Its service supports both web and mobile users, allowing a broad customer base to access international payments easily.
Flagright’s technology enables financial institutions to monitor transactions in real time, build and adjust rules, score risk, and manage alerts and cases efficiently. The no-code aspect means compliance teams can configure and adapt the system independently, without needing to rely on developers, which accelerates response times to regulatory demands.
Through this collaboration, Nedsom gains real-time visibility into all transactions, automated alerting, case management, and an auditable compliance framework designed to keep pace with regulatory changes. By moving away from manual methods, Nedsom aims to operate with greater confidence as it broadens its reach.
Flagright CEO Baran Ozkan said, “We’re thrilled to welcome Nedsom to the Flagright family. Their mission to make global money transfers fast, secure and accessible aligns perfectly with our vision of modernising financial crime compliance. Together, we will enable Nedsom to expand confidently, knowing they have the tools to proactively address risk.”
Read the full RegTech Analyst post here.
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