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Flagright Bolsters Sciopay’s Security with AI-Driven AML for Cross-Border Payments

AI/MLFlagright Bolsters Sciopay's Security with AI-Driven AML for Cross-Border Payments

Flagright has partnered with Sciopay, a UK-based payment institution, to enhance security measures for cross-border payments and foreign exchange management. As part of the collaboration, Flagright will provide AI-powered AML compliance services to improve Sciopay’s suite of cross-border payments and foreign exchange management tools. Sciopay aims to reinforce its commitment to secure and efficient tools while meeting the needs of its users.

Flagright’s flexible, no-code platform will enable Sciopay to integrate comprehensive AML compliance measures, ensuring secure transactions and preventing financial crime. The partnership focuses on developing a more efficient and secure financial ecosystem.

Flagright, a global AI-powered AML compliance services company, has been actively expanding its reach. In March 2023, it partnered with Lithuania-based kevin. to facilitate businesses in accepting payments directly from banks and financial institutions. The collaboration aimed to streamline AML program development and operation, offering a cost-effective solution. Additionally, Flagright collaborated with AiPrise to enhance KYC/KYB processes, delivering products via a standardized API and optimizing fraud and compliance operations through Flagright’s Console back-office portal.

By FCCT Editorial Team

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

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