Flagright Empowers Palla Financial to Enhance Security for P2P Payments

Flagright, a leader in AI-native Anti-Money Laundering (AML) compliance and fraud prevention solutions, proudly announces Palla Financial as its newest customer. 

Palla Financial, an innovative platform enabling seamless P2P payments, is integrating Flagright’s advanced security technologies to ensure its payment services remain secure, efficient, and compliant. Both companies share a common heritage as Y Combinator alumni, underscoring their commitment to leveraging technology for financial innovation and security.

Palla Financial partners with FinTechs and financial institutions to enable peer-to-peer payments in seconds, operating 24/7/365. With a suite of REST APIs, Palla Financial offers secure authentication, creation and storage of payment methods, and rapid P2P transfers between senders and international receivers. By leveraging Flagright’s cutting-edge AML and fraud prevention technology, Palla Financial will further enhance the security and reliability of its payment services.

Enrique Perezalonso, CEO and Co-Founder of Palla Financial, expressed his enthusiasm about the collaboration: "Partnering with Flagright is a significant step in reinforcing our commitment to security and compliance. As a fellow Y Combinator company, we share a vision of leveraging cutting-edge technology to drive innovation and security in the financial sector. Flagright’s state-of-the-art AML and fraud prevention technology will enhance our ability to protect our customers' transactions and ensure compliance with stringent regulatory standards. This collaboration ensures that Palla Financial continues to set the benchmark for secure and efficient payment processing."

Baran Ozkan, Co-founder and CEO of Flagright, commented, "We are thrilled to support Palla Financial, a company that is revolutionizing P2P payments with its innovative technology. Our collaboration reflects our shared commitment to ensuring that financial transactions are secure and compliant. We look forward to supporting Palla Financial’s mission to provide a reliable and trustworthy payment service."

About Flagright 

Flagright is a global leader in AI-native AML compliance and fraud prevention solutions, equipping financial institutions and fintech companies worldwide with the tools needed to combat financial crimes and secure transactions. Its comprehensive suite includes real-time transaction monitoring, case management, sanctions screening, and customer risk assessment, all accessible through a user-friendly, no-code platform.

About Palla Financial 

Palla Financial partners with FinTechs and financial institutions to enable seamless and secure international peer-to-peer payments. With a focus on rapid and reliable transactions, Palla Financial’s REST APIs power transfers in seconds, providing secure authentication, payment method creation, and P2P transfers between senders and international receivers. Palla Financial is dedicated to enhancing the security and efficiency of global payments.

Learn more about Palla Financial here: Palla Financial.