Flagright Partners with B4B Payments to Enhance Global Financial Security Solutions

Flagright Partners with B4B Payments to Enhance Global Financial Security Solutions

B4B Payments, a leading player in the FinTech industry, has recently partnered with Flagright, a RegTech firm specializing in anti-money laundering (AML) compliance. This collaboration aims to enhance the security and efficiency of B4B’s payment solutions while addressing the growing concerns of financial crime. By integrating Flagright’s innovative technology, B4B Payments is set to provide even safer transaction experiences for its clients.

Overview of B4B Payments

B4B Payments is an award-winning global financial services technology company that focuses on a comprehensive transaction payments platform. Their offerings include:

  • Embedded Finance
  • Payment Accounts & FX
  • Rapid Payouts
  • Card Issuing (Physical and Virtual)
  • BIN Sponsorship

With over 19 years in the payments sector, B4B Payments operates under the regulations of the Financial Conduct Authority (FCA) in the UK and the Bank of Lithuania in Europe, holding a Mastercard Principal Membership.

Flagright: A Leader in AML Compliance

Flagright is renowned for its AI-native AML compliance and risk management platform. The key features of Flagright’s platform include:

  • No-code Platform: Designed to be user-friendly for financial institutions.
  • Real-time Monitoring: Enhances transaction oversight and alert capabilities.
  • Case Management: Streamlines the investigation process for alerts.
  • Risk Scoring and AML Screening: Improves compliance with enhanced risk assessment.

This technology is built to reduce false positives and expedite the investigation of alerts, ensuring that institutions remain compliant in an ever-evolving regulatory environment.

Benefits of the Partnership

The collaboration between B4B Payments and Flagright is rooted in a mutual commitment to strengthen global AML and fraud defenses. Key benefits of this partnership include:

  • Enhanced Security: The integration of Flagright’s platform will bolster B4B Payments’ fraud detection and AML capabilities.
  • Frictionless Payment Experiences: Together, they aim to create secure payment solutions that meet and exceed security and compliance standards.
  • Rapid Integration: The integration process can be implemented in just two weeks, allowing for swift enhancements in operational security.
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Statements from Leadership

B4B Payments CEO, Tom Jennings, emphasized the importance of this partnership, stating, “At B4B Payments, our commitment is to deliver seamless and secure payment experiences whilst maintaining a safe and secure environment for all our customers.”

Flagright Co-founder and CEO, Baran Ozkan, remarked, “We’re thrilled to welcome B4B Payments to the Flagright family. Their focus on providing innovative, global prepaid card solutions aligns perfectly with our mission to simplify and enhance financial crime compliance.”

For more information about B4B Payments, visit their official website at B4B Payments. To learn more about Flagright’s compliance technology, check out Flagright.

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