Flagright, the AI-native, no-code platform for transaction monitoring and AML compliance, is pleased to welcome Fig as its newest customer. Fig utilizes Flagright’s real-time transaction monitoring, AML screening, customer-risk scoring, AI forensics, and case management workspace to strengthen financial crime controls as it scales personal loan services across Canada.
Fig lets borrowers check their rate in seconds, apply in minutes, and receive funding in as little as one business day, all with no hidden fees or early repayment penalties. The streamlined experience helps Canadians consolidate high-interest debt into a single, fixed-rate loan and manage repayments entirely online.
“Our fraud and AML risk teams need agile tools that grow with the business. Flagright’s no-code rules engine and case workspace will let us react to emerging threats quickly and effectively, while investigating and documenting every decision efficiently.”
— Ardalan Shojaei, Chief Credit & Risk Officer at Fig.
Flagright detects risks before they become threats supporting Fig to monitor every disbursement and repayment in real time, configure rules in minutes, and surface high-risk events with automated scoring. Real-time AML screening checks customers against global sanctions, PEP, and adverse-media lists, while AI forensics reconstruct complex transaction trails. Integrated case management provides an auditable workspace for investigations and regulatory reporting.
“Fig’s mission is to simplify the borrowing experience, while keeping our customers safe,” added Shojaei. “Our partnership with Flagright also allows us to continue to maintain high compliance standards.”
“We’re excited to welcome Fig as our customer, as they redefine the lending experience in Canada. With Flagright in place, Fig can continue to deliver fast, hassle-free loans while knowing every transaction is screened, scored, and managed with best-in-class controls.”
— Madhu Nadig, Co-Founder and CTO of Flagright.
About Flagright
Flagright is a global leader in AI-native transaction monitoring and AML compliance solutions, enabling financial institutions to centralize detection, investigate and report suspicious activity, streamline regulatory workflows, and strengthen financial crime controls. Trusted by financial institutions in 30+ countries, Flagright helps reduce false positives by 93% and lower compliance costs by 80%, thereby setting the modern standard for financial crime compliance.
About Fig
Fig is Canada’s first fully digital lender, dedicated to simplifying the borrowing experience. With a streamlined application process, Canadians can check their rate in seconds, without affecting their credit score, apply in minutes, and fund loans of up to $35,000. Learn more about Fig’s award-winning personal loans at www.fig.ca.
