Aspire has tapped Flagright to strengthen financial crime compliance across its business finance platform.
The Singapore-headquartered fintech, which serves more than 50,000 businesses, will use Flagright’s technology to bring several compliance functions into a more integrated operating environment.
The platform will support configurable anti-money laundering controls, user and transaction screening, risk-based reviews, quality assurance, simulation and analytics.
“As AI makes fraud and financial crime more sophisticated and harder to catch, compliance infrastructure has to get smarter just as fast.
Flagright gives our teams transaction monitoring, screening, risk scoring, and case management workflows that help us stay ahead of that curve while maintaining strong governance.”
said Jaco Struik, VP of Fraud & Fincrime at Aspire.
“Business finance platforms need financial crime compliance systems that are fast, flexible, and governable.
Aspire’s work with Flagright shows where the market is going: unified AML operations, AI assisted workflows, stronger governance, and a compliance layer that can evolve as the business evolves.”
said Baran Ozkan, Co founder and CEO at Flagright.
The partnership comes as fintech companies increasingly explore AI-assisted tools to support compliance operations while maintaining oversight.
Featured image: Edited by Fintech News Singapore, based on image by starmultikharisma via Magnific
