Flagright and TransactionLink Enter into Collaborative Partnership to Enhance Compliance and Fraud Prevention
Flagright, a global leader in combating financial crime, and TransactionLink, the world's premier platform for constructing complete digital onboarding experiences, are pleased to announce a newly established collaborative partnership. This strategic alliance is designed to deliver superior compliance solutions and advance fraud prevention for financial institutions across the globe.
TransactionLink's cutting-edge automation platform for back-end checks and front-end customer interactions aligns seamlessly with Flagright's commitment to provide a unified, robust solution for Anti-Money Laundering (AML) compliance and fraud prevention. The enhanced capabilities created by this partnership will assist clients in more efficiently and effectively addressing their regulatory requirements, in an ever-evolving and complex financial landscape.
"TransactionLink is an invaluable tool for financial institutions aiming to streamline complex workflows and bolster their risk and decision-making processes," said Baran Ozkan, Co-founder & CEO at Flagright. "We firmly believe that our current and prospective customers will gain immense benefits from the products and services they offer."
At the same time, the CEO & Founder of TransactionLink, Mateusz Pniewski, has expressed enthusiasm about this partnership. "Mateusz said, "We’ve admired Flagright for their state-of-the-art real-time transaction monitoring. Beyond just transactions, their approach to customer risk assessment and sanctions screening is commendable. This collaboration presents a significant opportunity for financial institutions globally. By combining our strengths, we can provide a more holistic view of compliance programs, seamlessly integrating transaction monitoring with enhanced onboarding processes. Ultimately, our goal is to significantly elevate the security and compliance standards for financial institutions globally."
As financial crime continues to evolve, the collaboration between Flagright and TransactionLink is more crucial than ever. The combined expertise of both companies will significantly enhance compliance processes and fraud prevention strategies, providing robust protections for financial institutions globally.
Flagright is a global leader in the fight against financial crime, specializing in Anti-Money Laundering (AML) compliance and fraud prevention. Offering a unified, powerful solution, Flagright combines many compliance tools into one easy-to-use package, including real-time transaction monitoring, case management, KYB and ID verification, customer risk assessment, and sanctions screening. Flagright continues to set industry standards in meeting regulatory requirements and protecting against financial crime threats worldwide.
TransactionLink is a KYB onboarding automation platform for financial institutions and online marketplaces. It offers a solution that helps businesses expand across geographies and reduce onboarding costs without the need for complex engineering integrations. The company provides a comprehensive solution that enables clients to automate back-end checks and front-end customer interactions, thereby optimising the efficiency and cost-effectiveness of their operations. Co-headquartered between London and Berlin, TransactionLink is building the automated platform to solve all KYB problems.