Flagright and Ondato, a KYC and AML-focused RegTech firm, have unveiled a significant strategic collaboration.
The principal objective of this alliance is to reinvent compliance solutions and deter fraudulent activities, thereby benefiting financial institutions worldwide.
Ondato has developed a platform tailored to simplify and enhance KYC and AML processes. This innovation will bolster Flagright’s comprehensive system designed for financial crime prevention. The synergistic amalgamation of these two platforms aims to assist businesses in managing their regulatory mandates more adeptly amidst a continually evolving financial environment.
The integration of Flagright’s and Ondato’s solutions will be instrumental in the fight against progressively complex financial crimes. The combined strengths of these two companies promise to amplify fraud prevention strategies and compliance functionalities, providing unparalleled security to financial establishments around the globe.
Flagright holds a distinguished position in the global arena, dedicated to the prevention of financial misdemeanours, focusing predominantly on AML compliance and fraud prevention.
Flagright Co-founder & CEO Baran Ozkan said, “In an era where seamless digital onboarding and effective compliance management are paramount, Ondato stands as a beacon of innovation. Their holistic approach to transform compliance from a bottleneck into a strategic asset aligns with our mission at Flagright. We foresee immense value and enhanced security for our current and prospective customers, reinforcing their trust in our commitment to safeguard their operations.”
Expressing alignment in perspectives, Head Of Partnerships at Ondato, Povilas Steikūnas said, “We greatly admire Flagright’s commitment to fighting financial crime and enhancing the compliance landscape. This collaboration presents an exciting opportunity for us to work together in providing robust and advanced solutions to financial institutions around the world.”
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