Flagright

The modern standard for financial crime compliance and risk management

General Information
Industries
Big Data, Financial Services +2
Funding Stage
Seed
Product Stage
Mvp Developed
Business Model
Saas
Company Overview
Founded
2021
Employees
32
Location
London, United Kingdom
Website
Flagright - Company Details

Flagright is a modern standard for financial crime compliance and risk management, offering an AI-native, centralized, no-code compliance platform that revolutionizes how financial institutions handle AML compliance and risk management. The platform is powered by advanced generative AI and AI agents, automating risk detection, real-time transaction monitoring, comprehensive AML screening, dynamic risk scoring, and end-to-end case management. Its groundbreaking AI forensics feature automates alert investigations and generates detailed narratives in seconds, accelerating decision-making by up to 90% and enabling teams to achieve precise results.

Flagright's no-code configurability allows FCC teams to deploy a customized compliance program without technical bottlenecks, replacing fragmented tools and delivering measurable outcomes, including a 93% reduction in false positives, 80% cost savings, and a 27% decrease in operational errors. Trusted by regulated financial institutions across six continents, Flagright integrates seamlessly into existing systems within just one week, exceeding industry norms. With headquarters in the United Kingdom and offices in the United States, United Kingdom, Singapore, and Germany, Flagright delivers world-class AML solutions with global reach and local expertise.

The latest investment in Flagright was a $3.20M Seed Round at 28 June 2022, with participation from notable investors including Y Combinator, Pioneer Fund, Moonfire Ventures, and Four Cities Capital. The company, founded in 2021, operates within the Big Data, Financial Services, Fintech, and Information Technology industries.