SME Bank Selects Flagright for Real‑Time Transaction Monitoring and Watchlist Screening

Flagright

Published:

February 3, 2026

Updated:

February 3, 2026

Flagright, the AI-native, no-code platform for transaction monitoring and AML compliance, is pleased to welcome SME Bank as its newest client. Following a successful evaluation of Flagright’s platform, SME Bank has deployed Flagright to centralize real-time transaction monitoring, watchlist screening, and investigations; strengthening its financial crime controls while keeping operations fast and scalable.

SME Bank is a Vilnius-headquartered digital bank built for business clients, with a specialized banking license issued by the European Central Bank. With a mission to remove obstacles to business growth, SME Bank supports small and medium-sized enterprises with digital day-to-day banking services and lending solutions as it continues to expand its footprint across the region.

“Trust and speed, maintained through rigorous control, are the key criteria we expect from our partners,” said Vaidotas Cucėnas, Chief Operating Officer. “This ensures we stay aligned with regulatory expectations while providing our clients with a secure environment to scale their operations”

With Flagright, SME Bank will be able to:

Monitor activity in real time with configurable, risk-based rules across customer and transaction flows.
Screen customers and counterparties against relevant watchlists, with clear alerts and investigation-ready context.
Investigate alerts end-to-end in a unified workspace with structured case management and audit-ready documentation.
Apply granular roles and permissions, including maker-checker controls, to support consistent decision-making as the team grows.

"We looked for a platform that could quickly adapt to an ever-changing business environment and evolving processes. Flagright’s system gives us the control to evolve our operating model alongside our clients' growing needs," says Tomas Smalakys, Chief Information Officer at SME Bank.

“SME Bank is building the kind of modern banking experience SMEs expect, digital, efficient, and built for growth,” said Baran Özkan, Co-founder & CEO of Flagright. “We’re excited to partner with their team and provide real-time monitoring, watchlist screening, and unified investigations that help them scale with confidence and meet regulatory expectations.”

About SME Bank

SME Bank is a digital bank dedicated to small and medium-sized enterprises (SMEs), rapidly expanding its activities and continuing to implementing innovative solutions tailored specifically to the needs of this sector. The bank is a reliable partner who offers fast and convenient financial services that allow SMEs to focus on their growth and development. The Bank operates in Baltic states, Finland, and the Netherlands.

Flagright

Author

AI-native Transaction Monitoring and AML Compliance Solution

Flagright is a global leader in AI-native transaction monitoring and AML compliance solutions, featuring a highly customizable, risk-based platform with the industry’s fastest two-week integration, enabling financial institutions to centralize detection, investigate and report suspicious activity, streamline regulatory workflows, and strengthen financial crime controls. Flagright has also been recognized as the fastest growing AML compliance platform in Europe on Sifted’s Europe 250 in 2025, also globally recognized by Chartis as a leader in AI for fincrime compliance in Chartis’s Financial Crime Compliance50 2025, amongst several other global recognitions. Trusted by fintechs and banks 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.