24 October 2023

Ondato and Flagright Forge Strategic Partnership, Revolutionizing Compliance and Fraud Prevention

Written By Ondato in FinTech

Ondato and Flagright Forge Strategic Partnership, Revolutionizing Compliance and Fraud Prevention

Ondato, a leading force in the transformation of Know Your Customer (KYC) and anti-money laundering (AML) processes, and Flagright, a global leader in combating financial crime, today announced a significant strategic partnership. This collaborative alliance is set to revolutionize compliance solutions and fraud prevention for financial institutions across the globe.

Ondato's platform, designed to streamline KYC and AML procedures, will enrich the capabilities of Flagright's comprehensive solution for financial crime prevention. The harmonious integration of the two platforms will enable prospects to tackle their regulatory requirements more efficiently in an increasingly complex and dynamic financial landscape.

"In an era where seamless digital onboarding and effective compliance management are paramount, Ondato stands as a beacon of innovation," said Baran Ozkan, Co-founder & CEO at Flagright. "Their holistic approach to transform compliance from a bottleneck into a strategic asset aligns with our mission at Flagright. We foresee immense value and enhanced security for our current and prospective customers, reinforcing their trust in our commitment to safeguard their operations.”

Expressing a similar sentiment, the Head Of Partnerships at Ondato, Povilas Steikūnas, voiced his enthusiasm for the partnership. "Povilas said, "We greatly admire Flagright's commitment to fighting financial crime and enhancing the compliance landscape. This collaboration presents an exciting opportunity for us to work together in providing robust and advanced solutions to financial institutions around the world."

As financial crime becomes increasingly sophisticated, the importance of this partnership between Flagright and Ondato cannot be overstated. By uniting the strengths of both companies, the partnership will significantly enhance fraud prevention strategies and compliance capabilities, offering unmatched protection for financial institutions worldwide.

 

About Ondato

Ondato is redefining the landscape of KYC and AML processes, transforming compliance from a hassle into a business benefit. Headquartered in London, Ondato's highly-experienced team developed the Ondato OS platform. This new technology category integrates all the KYC and AML tools and services needed by online businesses to onboard customers quickly and safely, providing greater efficiency, reduced operating costs, and minimized risk of interventions and fines from regulatory authorities.

About Flagright

Flagright is a global leader in the fight against financial crime, specializing in Anti-Money Laundering (AML) compliance and fraud prevention. Offering a unified, robust solution, Flagright merges numerous compliance tools into a single user-friendly package, including real-time transaction monitoring, case management, customer risk assessment, and sanctions screening. Flagright is dedicated to exceeding industry standards in meeting regulatory requirements and protecting against financial crime threats globally.

Up Next ...
21 November 2024

Nubank Explores Legal Domicile Shift to the UK Amid Regulatory Changes

The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms

21 November 2024

Machine Learning: Revolutionizing Fraud Detection in Banking

These technologies enable financial institutions to analyze vast amounts of transaction data in real-time, identify suspicious activities, and minimize false positives...

21 November 2024

MeaWallet Partners with Integrated Finance to Enhance Digital Wallet and Secure Card Data Access for Fintechs

The collaboration is set to strengthen digital wallet payments and secure card data access capabilities for fintechs

20 November 2024

Atome Financial Secures $200M Credit Facility to Drive Growth

Atome plans to use the funds to strengthen its technological capabilities and grow its market presence, particularly among underserved, young consumers...

More in FinTech

Nubank Explores Legal Domicile Shift to the UK Amid Regulatory Changes

21 November 2024

The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms

Machine Learning: Revolutionizing Fraud Detection in Banking

21 November 2024

These technologies enable financial institutions to analyze vast amounts of transaction data in real-time, identify suspicious activities, and minimize false positives...

MeaWallet Partners with Integrated Finance to Enhance Digital Wallet and Secure Card Data Access for Fintechs

21 November 2024

The collaboration is set to strengthen digital wallet payments and secure card data access capabilities for fintechs

Atome Financial Secures $200M Credit Facility to Drive Growth

20 November 2024

Atome plans to use the funds to strengthen its technological capabilities and grow its market presence, particularly among underserved, young consumers...

White Papers FinTech

Open Finance in Review: Looking back at 2023

28 November 2023

In this insightful report, OzoneAPI delve into the pivotal developments that have shaped the landsca...

White Papers FinTech

Fintech 2030: The Industry View

02 October 2023

Key findings from the report:Embedded finance is expected to dominate the industry in 10 yearsThere...

White Papers FinTech

Pulse of Fintech H2 2022 report

27 July 2023

UK FinTech investment falls 56% to £14.42bn in 2022After an incredibly strong 2021, with total FinTe...

White Papers FinTech

The Rise and Impact of Fintech in Latin America

29 June 2023

Fintech also provides tools to help manage these risks. Financial authorities and their supervisees...

FinTech Connect 2024 - The Global FinTech Ecosystem . Connected.

FinTech Connect 2024 - The Global FinTech Ecosystem . Connected.

04 December 2024 - 05 December 2024

12:00 AM - 12:00 AM

ExCel London, Western Gateway, Royal Victoria Dock, London, London, E16 1XL

Free
Finnovate Europe

Finnovate Europe

25 February 2025

12:00 AM - 12:00 AM

InterContinental London - The O2, 1 Waterview Drive, London, Greenwich, SE10 0TW

£1,699.00