QA Financial Forum New York | 15 May 2024 | BOOK TICKETS
Close this search box.

Flagright and TraXion team up for digital finserv security push in Asia

Banks and other financial firms are rolling out AI solutions at unprecedented speed
Banks and other financial firms are rolling out AI solutions at unprecedented speed

London-based Flagright has told QA Financial it has struck a strategic partnership with global information security firm TraXion Tech as the two companies plan to ramp up the security and reliability of digital financial services across Southeast Asia.

The deal means that Flagright’s solution will be rolled out in Malaysia, Singapore, Indonesia, Thailand and the Philippines, established markets for TraXion.

AI-native AML tool

Flagright is an AI-native AML compliance and fraud prevention solution, that supports financial institutions worldwide to combat financial crimes and works to improve the security of transactions.

“The partnership between Flagright and TraXion is designed to fortify the digital financial ecosystem in Southeast Asia,” explained Flagright Co-founder and CEO Baran Ozkan.

He shared that “by integrating Flagright’s AML and fraud prevention technology, TraXion plans to elevate its security measures, ensuring a highly secure transaction environment.”

“This move is set to redefine the standards of digital transaction security, catering to the evolving needs of the digital financial landscape.”

Flagright CEO Baran Ozkan

Flagright’s product suite includes real-time transaction monitoring, case management, sanctions screening, and customer risk assessment through a no-code platform.

TraXion CEO Ann Cuisia (left) called the partnership “a game-changer” for her company.

She said: “Flagright’s AML and fraud prevention solutions will play a crucial role in safeguarding our users’ transactions against the evolving landscape of digital financial threats.”

TraXion managed to gain market share in recent years as one of the biggest digital transaction providers in Southeast Asia, offering a range of financial services and solutions focused on innovation, security, and enhancing user experience.