SME Bank has partnered with Flagright to strengthen its real-time financial crime controls while maintaining operational speed and scalability.
The partnership follows a detailed evaluation of Flagright’s platform by SME Bank, as the bank looked to modernise and centralise its approach to transaction monitoring, watchlist screening and investigations. By deploying Flagright, SME Bank aims to reinforce its financial crime framework in line with regulatory expectations, while ensuring that compliance processes do not slow down growth or customer experience.
SME Bank operates as a digital-first bank designed specifically for small and medium-sized enterprises. Headquartered in Vilnius, the bank holds a specialised banking licence issued by the European Central Bank and provides day-to-day digital banking services alongside lending solutions. Its stated mission is to remove barriers to business growth, supporting SMEs with tools that are built for speed, simplicity and regional expansion across the Baltic states, Finland and the Netherlands.
Flagright provides an AI-native, no-code platform that enables financial institutions to manage transaction monitoring and AML compliance in real time. The platform allows organisations to configure risk-based rules across customer and transaction flows, screen customers and counterparties against relevant watchlists, and manage alerts and investigations within a single, unified workspace. Its design focuses on scalability, audit readiness and adaptability as regulatory and business requirements evolve.
As part of the implementation, SME Bank will use Flagright to monitor activity in real time, apply configurable and risk-based controls, and conduct end-to-end investigations with structured case management and audit-ready documentation. The platform also supports granular roles and permissions, including maker-checker controls, helping SME Bank maintain consistent decision-making as its teams and operations grow.
The partnership reflects a broader trend among digital banks and FinTechs seeking technology partners that can support rapid growth without compromising regulatory compliance. For SME Bank, centralising monitoring, screening and investigations within a single system is intended to simplify internal processes while providing a secure environment for its SME clients to scale their businesses.
SME Bank chief operating officer Vaidotas Cucėnas said, “Trust and speed, maintained through rigorous control, are the key criteria we expect from our partners. This ensures we stay aligned with regulatory expectations while providing our clients with a secure environment to scale their operations.”
SME Bank chief information officer Tomas Smalakys said, “We looked for a platform that could quickly adapt to an ever-changing business environment and evolving processes. Flagright’s system gives us the control to evolve our operating model alongside our clients’ growing needs.”
Flagright co-founder and CEO Baran Özkan said, “SME Bank is building the kind of modern banking experience SMEs expect, digital, efficient, and built for growth. We’re excited to partner with their team and provide real-time monitoring, watchlist screening, and unified investigations that help them scale with confidence and meet regulatory expectations.”
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