RegTech firm Flagright has welcomed First Digital Trust, known as First Digital, as its newest customer.
Flagright, a leader in AI-native compliance solutions, provides a centralized, no-code platform catering primarily to compliance and risk management. First Digital, based in Hong Kong, offers extensive services in multi-asset custodial, trust, payments, and stablecoin solutions, serving a global clientele.
The core motive behind this alliance is to integrate Flagright’s cutting-edge AML compliance and risk management technologies into First Digital’s operations. This integration aims to boost the security and dependability of First Digital’s financial services, ensuring high standards of integrity and protection for client assets across both traditional and digital spheres.
Flagright excels in employing generative AI to bolster compliance procedures, featuring capabilities such as real-time transaction monitoring, sophisticated case management, and proactive AI-driven investigations. Its platform is designed for rapid integration, significantly reducing setup times from the industry norm.
On the other hand, First Digital specializes in bridging the gap between traditional finance and the digital asset landscape. Their vertically integrated platform supports a diverse range of clients, including startups and large institutions, providing services from multi-asset custody to cross-border financial solutions.
This deal not only enhances the operational capabilities of both companies but also underscores their commitment to maintaining and enhancing trust and security in financial transactions. As the financial landscape continues to evolve, both Flagright and First Digital are poised to deliver secure and reliable financial services to their clients worldwide.
Vincent Chok, Founder and CEO of First Digital, emphasized the benefits of this collaboration: “By integrating Flagright’s AI-native compliance platform, we strengthen our leadership in the industry, ensuring our clients’ assets—whether traditional or digital—are protected with the highest standards of integrity and security. This collaboration adds value for our customers by ensuring their financial transactions remain secure and reliable in an ever-evolving landscape.”
Echoing this sentiment, Baran Ozkan, Co-founder and CEO of Flagright, added, “We are excited to support First Digital, a company at the forefront of integrating traditional and digital financial services. Our collaboration reflects our shared vision of enhancing security and trust in financial transactions. We look forward to supporting First Digital’s mission to provide exceptional, secure services to their clients across the globe.”
Copyright © 2024 RegTech Analyst
Copyright © 2018 RegTech Analyst
