Flagright has established a strategic partnership with Clear Junction to provide fintechs with access to banking-as-a-service (BaaS) solutions, allowing them to get access to domestic and international payment rails.
Obtaining a fintech license or finding and onboarding with a BaaS provider for the first time can be a daunting task. It often involves complex paperwork, long waiting periods, and high costs associated with the process. Through our strategic partnership with Clear Junction, we are able to provide fintechs with an efficient and cost-effective way to launch their fintech businesses.
Using Flagright’s Launchpad product, fintechs can easily navigate the complex financial regulation and compliance world with minimal effort. Our policies, procedures, and templates are tailored for each jurisdiction and license type.
Commenting on this partnership, Clear Junction mentioned; “Our partnership with Flagright is another step in making the process of launching a fintech business a safer journey. With our diverse range of correspondent account services and payment solutions, fintechs can quickly and cost-effectively integrate domestic and cross-border payments into their service offering. We look forward to working with Flagright to help empower more fintech entrepreneurs to launch and expand their businesses in a compliant manner and with the right risk management in place.”
Flagright’s Launchpad process is guided by experts with first-hand experience in implementing and managing fintech compliance & licensing programs at fast-growing fintechs operating at a global scale. Using Launchpad, fintechs are provided with license kits that include methodically curated templates of documents needed to obtain desired outcomes.
About Clear Junction
Clear Junction is a global payments solutions provider that was established in 2016. The company was founded by a veteran team of financial professionals with many years of experience in cross-border payments and banking. Over the years, they have worked tirelessly to build and develop their own proprietary technology to facilitate an end-to-end regulated payments solution.
Clear Junction is licensed and regulated by the Financial Conduct Authority and has offices in multiple locations across the UK and Europe, including London, Poland, and Latvia.
For more information, visit: https://clearjunction.com/
Through Flagright's Launchpad platform, we are enabling fintechs to quickly and cost-effectively set up their own fintech businesses while also providing fintechs and neobanks with access to our powerful API for AML compliance & fraud protection.
Our centralized, no-code platform provides real-time transaction monitoring, customer risk assessment, KYC/KYB orchestration, sanctions screening, and blockchain analytics, allowing our customers to set up AML and fraud protection infrastructure in as little as 4 days.