Flagright
AI-native transaction monitoring and AML compliance
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Michael Seibel

Flagright - Risk-based transaction monitoring API for fintech startups

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Flagright is a risk-based transaction monitoring API for fintech startups. It enables them to quickly set up their infrastructure to comply with AML regulations and prevent financial crime. It comes fully preconfigured on a no-code back office portal.

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Baran Ozkan
Maker
Hi PH community, this is Baran and Madhu, co-founders of Flagright, a risk-based transaction monitoring API for fintech startups. We enable startups to quickly set up their infrastructure to comply with AML regulations and prevent financial crime. The Problem All the existing AML compliance solutions are made for large companies so fintech startups end up developing these solutions in-house despite not generating any competitive advantage. This distracts startups from focusing on building a great user experience and growing revenue, and instead they invest engineering hours and hundreds of thousands of dollars every year into building compliance systems. Why we exist We experienced this problem ourselves at a fintech and validated that startups are underserved. We want to increase the fighting chance of each fintech startup globally by helping them invest their resources into their core business instead of compliance. Our solution We are building a comprehensive, API-first solution tailored to specific needs and constraints of fintech startups. - Focus on developer experience to support self-onboarding and integrate quickly - A no-code web app for operational teams to have transparency, conduct investigations, manage rules, and collaborate. This gives ops teams full control over every piece of the system without any coding skills required. - No upfront fees to support the cashflow of startups. We grow only when our customers grow with usage-based pricing - End-to-end turnkey solution - each piece of the platform comes preconfigured. This minimizes the time to fully benefit from it. We support fintechs with their knowledge gaps in AML compliance & financial crime.
Fares
@baranozkan Congrats on the launch
Baran Ozkan
Maker
@fares_aktouf Thanks Fares!!
Maria
Great tool! And I appreciate pushing focus on core business as I believe fixing glitches in this part is essential for small business success.. Congratulations on the launch! ^_^ Is it possible to share/download analyses maybe? :))
Baran Ozkan
Maker
@maria_brm Hi Maria, yes all data is downloadable from our analytics dashboard based on filters. From a philosophical perspective, we believe that our customers own their data, that's why we don't use customer data to provide services to other customers. We care about and invest in data privacy a lot. Let me know if you have more questions please 😊
Maria
@baranozkan Hi Baran, thanks a lot for the answer! It is awesome and I like that philosophy! Me and my team also follow and support it in our products! So I will be more than happy to try out Flagright in the future! ^_^
Baran Ozkan
Maker
@maria_brm Would happily walk you through whenever you need - you can always ping me at baran[at]flagright.com - Thanks for your feedback!
Maria
@baranozkan Oh awesome! Thanks a lot Baran for offering help! I might need it soon! ^_^ Looking forward to cooperating!
German Mikulski
Congrats on the launch! 🙌 Very interesting field to operate in - did you look into what Heron Data is doing?
Baran Ozkan
Maker
@german_mikulski Thank you German! We haven't looked at Heron but did look at Spade. This type of product will definitely become useful for us to consume as we become more sophisticated over time - thanks for flagging this!
Maria Alexandrova
a wonderful presentation
Baran Ozkan
Maker
@maria_alexandrova1 Thank you Maria!
Florian Buguet
Congrats on the launch!!
Baran Ozkan
Maker
@flobbgt Thanks Florian!
nickson durai
@baranozkan Congrats on the launch! 👍
Baran Ozkan
Maker
@nickson_durai Thanks Nickson!
Alex Conway
Amazing, congratulations on the launch @baranozkan & team - Flagright is awesome!
Baran Ozkan
Maker
@alxcnwy thanks Alex!!
Elad Bibi-Aviv
@baranozkan Congrats, looks great!
Baran Ozkan
Maker
@elad_bibi_aviv Thanks Elad!
Dragos Ivanov
Congrats on the launch Baran . Nice to see you here and good luck with Flagright!
Baran Ozkan
Maker
@ivandrag Thanks Dragos! Hope you're doing well!
Hemant Warier
AML regulations are becoming increasingly complex and startups often don’t have the time or resources to set up a robust risk-based transaction monitoring infrastructure. I think Flagright could help in solving that challenge. Congratulations @baranozkan on launching Flagright on Product Hunt! 🚀 I would love to take a look at your app and future versions of the website in more detail and offer you feedback. Please feel free to connect with me on LinkedIn (www.linkedin.com/in/hemantwarier/). I hope we can add value to each other as makers! 🙌
Baran Ozkan
Maker
@hemantwarier Thanks Hemant!
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