RegTech firm Flagright has partnered with Kenyan digital FinTech Fingo Africa to enhance the latter’s AML compliance and fraud protection capabilities.
Fingo Africa is a digital bank that aims to empower the youth to create a wealthier Africa through innovative financial products.
Fingo Africa’s app allows users to open a bank account in under 5 minutes, with free peer-to-peer transactions and immediate access to multiple services such as savings, financial education, and smart spending analytics.
Flagright said it looks forward to working closely with Fingo Africa as the company continues to pave the way for digital banking in Kenya and beyond. Together, the firm said they are committed to building a future of finance that is secure, accessible, and customer-focused.
Flagright co-founder and CEO Baran Ozkan said, “At Flagright, we are always looking for opportunities to work with innovative companies that are driving change in their respective industries. Fingo Africa’s focus on providing digital banking services to young people is both exciting and inspiring, and we are honored to play a role in helping them achieve their goals.
Ian Njuguna – co-founder and CEO of Fingo Africa – added, “As a digital financial services provider focused on providing innovative financial solutions to young people, Fingo Africa is thrilled to partner with Flagright to enhance our AML compliance and fraud protection capabilities.
“With Flagright’s cutting-edge fincrime technology, we are confident that we will continue to deliver the highest level of service to our customers while maintaining regulatory compliance.”
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Copyright © 2018 RegTech Analyst