Flagright, a leader in AI-powered AML compliance solutions tailored for FinTechs, has recently announced Sciopay as its newest customer.
Sciopay, based in London, UK, is a recognized payment institution renowned for its innovative international payment solutions and is authorized by the Financial Conduct Authority.
The coming together of the two firms marks a strategic alliance aimed at bolstering the security infrastructure of Sciopay’s pioneering cross-border payment and foreign exchange management services. This collaboration reflects both companies’ dedication to enhancing security measures in the financial technology sector.
Flagright specializes in providing AI-driven AML compliance solutions, offering a flexible, no-code platform that allows for seamless integration of comprehensive AML compliance measures. Their state-of-the-art technology is designed to enhance the security of financial transactions and combat financial crime effectively.
On the other hand, Sciopay offers reliable infrastructure to entities seeking innovative solutions in international payments. Their focus lies in delivering a secure and trustworthy cross-border payment experience to their customers.
Through this partnership, Flagright will contribute its AI-powered AML compliance expertise to Sciopay, aiming to strengthen the latter’s security capabilities. This collaboration is expected to enhance the overall security and reliability of Sciopay’s platform, thereby promoting trust among its customers. The integration of Flagright’s advanced compliance solutions into Sciopay’s operations is a testament to both companies’ commitment to shaping a safer and more efficient global financial ecosystem.
Baran Ozkan, co-founder and CEO of Flagright, said, “We’re thrilled to contribute our AI-powered AML compliance expertise to Sciopay, who are leading the revolution in the cross-border payments landscape. Our state-of-the-art solutions will enhance the security of Sciopay’s platform, promoting the trust and reliability their customers value.”
Echoing this sentiment, Saqib Mirza, Co-founder of Sciopay, said, “Aligning with Flagright will considerably strengthen our AML compliance and security capabilities. Their industry-leading approach to AML compliance will boost our platform’s security, ensuring we continue to provide a trustworthy, secure cross-border payment experience for our customers.”
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Copyright © 2018 RegTech Analyst