Flagright has announced a strategic partnership with Coinfirm, a move that is seen as a way for Flagright to expand its offering and provide enhanced due diligence measures to its current and prospective customers to help increase the safety and security of crypto exchanges and platforms, along with other key industries.
In an era where cryptoassets and transactions are becoming increasingly mainstream, it is more important than ever to ensure that businesses operating in this space adhere to proper compliance standards.
Coinfirm is at the forefront of innovation in crypto AML, compliance, and analytics. Coinfirm’s industry-leading risk management offerings help cryptocurrency protocols and virtual asset service providers scale sustainably. Flagright will now be able to provide its customers with Coinfirm’s best-in-class offerings.
Founded in 2016 and headquartered in the United Kingdom, with operations in Poland, Canada, France, and Japan. Over 300 organizations have placed their trust in the company to deliver blockchain screening solutions. Coinfirm offers mitigation services and risk management for companies integrating blockchain technology, a unique tool that allows for real-time tracking of cryptocurrency transactions and identifies risks associated with them to stay in compliance with crypto regulations.
Flagright's developer-friendly API and no-code back office allow fintechs to quickly set up all the required infrastructure for AML and fraud prevention in 4 - 10 days. Flagright is accelerating its mission of helping fintech and startups prevent and protect themselves against financial crime with proprietary products such as real-time transaction monitoring, dynamic customer risk scoring, and automated fintech license application, all with superior user experience to its customers with real-time responses.