Flagright and Banked Join Forces to Revolutionize Digital Payment Security

Flagright, a leader in Anti-Money Laundering (AML) compliance and fraud prevention, has taken a significant step forward by welcoming Banked as its latest partner, according to Fintech Global News. This strategic alliance is poised to bring about a revolutionary transformation in the realm of digital payment security.

Banked, renowned for its innovative approach to reshaping traditional payment methods, has been making a name for itself by constructing a cutting-edge payment network. Their primary focus is on enhancing the payment experience for both merchants and consumers, with their account-to-account payment solutions gaining recognition for their speed, security, and fairness.

By teaming up with Flagright, Banked is reinforcing its commitment to ensuring secure, streamlined, and equitable financial transactions. Flagright’s co-founder and CEO, Baran Ozkan, expressed enthusiasm about this partnership, stating, «We are thrilled to welcome Banked aboard and provide them with the robust security measures essential for their groundbreaking digital payment network. Our advanced technology and top-notch solutions will bring comprehensive anti-fraud measures and unwavering AML compliance, significantly bolstering the security of their services.»

John Fernandez, Chief Legal & Compliance Officer at Banked, echoed this sentiment, saying, «Partnering with Flagright to strengthen our compliance and security measures aligns perfectly with our dedication to delivering a seamless and secure payment experience for our customers. Their impressive track record in AML compliance and fraud prevention made the decision an obvious one.»

Flagright’s versatile, code-free platform is set to offer Banked a straightforward integration process for AML compliance and fraud prevention. This partnership epitomizes the shared vision of both companies: to pioneer a globally safer and more efficient financial ecosystem. As these two industry leaders come together, the future of digital payment security looks promising and poised for significant advancements.

Other articles
The Future of Risk Management Is Shaped by These Four Aspects 
The Embedded Finance Revolution: Transforming Software Platforms and Marketplaces
Cashfree Payments Transforms Bill Payment Collection for Indian Businesses
Finastra Survey Reveals Financial Industry’s Embrace of AI, Embedded Finance, and BaaS
Fintech Trends of 2023 and Predictions for 2024: Insights from Industry Leaders
AI’s Transformative Role in Finance: Insights from Industry Experts
Embedded Lending: A Solution to BNPL’s In-Store Checkout Challenges
Managing KYC and AML in 2023: Trends and Difficulties in the Banking Sector
API-Based Virtual Card Issuance: A Key Driver for Global Spend Growth
PayTabs Expands into Prepaid Card Market with PayTabs Issuance Platform
Latin American FinTech Clara Expands Its Reach with Payment Account Launch in Brazil
FinTech Leads the Way in AI Integration for Risk and Compliance, According to Moody’s Analytics Study
A Glimpse into the Future: European Payments Landscape in 2024
Auto Dealers Discover Savings by Purchasing Cars Directly from Consumers
Surge in Financial Sector’s AI and BaaS Investments