Every day, over USD $12 trillion moves through global financial systems, but much of that money is monitored by compliance infrastructure built for a pre-digital era. While fintech innovation has surged, compliance tools haven’t kept pace, leaving institutions vulnerable, slow, and burdened by outdated technology. 

This is the problem Baran Ozkan, Co-Founder and CEO of Flagright, encountered firsthand. As he searched for a modern AML solution at a previous startup, what he found instead was an industry mired in clunky systems, unreliable APIs, and vendor promises that rarely matched reality. 

That frustration laid the foundation for Flagright: a real-time, AI-native compliance platform designed not just to help banks and fintechs keep up with financial crime, but to get ahead of it. 

“We built Flagright because the industry deserves better,” Baran says. “And we’re making sure that better is accessible to everyone.” 

Born Out of Frustration, Built for a New Era 

The insight from the CEO of Flagright into the broken state of traditional AML infrastructure came while working at TransferGo, a cross-border payments company. There, he spent nearly two years evaluating more than ten compliance vendors. And I dare to say, he walked away unimpressed. 

Most platforms were built for massive institutions, not modern fintechs. Pricing was steep. User interfaces were clunky. Worse still, many systems still rely on batch processing, which simply doesn’t hold up in a world of real-time payments and instant decision-making. 

“Even the basics (like reliable APIs or clear documentation) were missing,” he recalls.

It felt like no one had really built something with modern teams in mind.

Flagright was launched to address this exact pain point. It offers a centralised, modular compliance platform that plugs into financial systems with just six API endpoints.

The result is a streamlined solution that covers transaction monitoring, risk scoring, case management, AML screening, and a suite of AI agents. All in real time.

Speed Doesn’t Have to Compromise Control 

If there’s one thing Flagright has proven, it’s that speed and reliability can go hand in hand. Financial institutions like B4B Payments and Sciopay went live with Flagright in under two weeks. It is all done, without any operational disruption. That kind of turnaround is unheard of in the compliance space. 

He attributes this to Flagright’s stripped-down architecture. With only six core APIs and full SDKs for all major languages, integration becomes not just fast, but almost frictionless.

“Our API is so simple, even interns could integrate with it (and they do),” he explains. 

The implementation process includes assigned onboarding managers, rigorous sandbox testing, and an optimisation phase after deployment. This ensures institutions are not just alive, but also confident and prepared. 

Real-Time Compliance That Doesn’t Rely on Engineers 

A standout feature of the AML platform by Flagright is its no-code rule engine, which empowers compliance teams to build and test custom rules without any developer input. This allows institutions to adapt to changing risk scenarios and regulatory environments with unparalleled agility. 

Flagright enhances this with features such as rule simulation, shadow rules, and intelligent threshold suggestions. Teams can refine and test detection logic continuously, all while maintaining audit readiness and regulatory compliance. 

And yes, it still delivers the depth needed for rigorous audits and regulatory scrutiny.

Baran explains that despite being no-code, their rule builder is built for regulatory sophistication, not just usability.

AI Forensics Offers Less Noise, More Actionable Intelligence 

One of the biggest challenges in AML is the deluge of false positives. When every minor flag triggers an investigation, teams drown in noise and miss real threats.

That’s where Flagright’s AI Forensics suite comes in. Built as four specialised AI agents, each focuses on a key pillar of compliance: screening, monitoring, governance, and quality assurance. These agents don’t just suggest actions. Rather, they execute them, drawing on real-time data pipelines and adaptive feedback loops.

The CEO of Flagright also mentioned that in some cases, they’ve seen up to a 98% reduction in false positives for some customers.

That’s not just efficiency. That’s transformative if you ask me.

These agents integrate directly into existing workflows, generate audit-ready reports, and adapt in step with customer operations. As a result, compliance becomes both faster and more effective. 

Smarter Risk Scoring Through Real-Time Behaviour 

Legacy risk scoring models rely on static inputs: nationality, age, and occupation. But Flagright’s risk engine fuses these with behavioural data and updates customer risk scores dynamically based on how they interact with the platform. 

If a user suddenly increases transaction velocity or starts sending unusual volumes, their risk score adjusts automatically. This real-time recalibration helps financial institutions detect threats earlier, reduce false flags, and make better decisions without manual intervention.

Flagright’s customers have seen faster onboarding, fewer errors, and better fraud detection simply by shifting to our dynamic scoring model.

When Case Management Becomes a Strategic Advantage 

Ask any compliance officer what slows them down most, and they’ll likely say investigations. Flagright’s answer is a centralised case management hub, integrated tightly with AI features.

All case data from transaction histories to triggered rules is housed in one interface. Teams can tag colleagues, leave notes, and collaborate in real time. More importantly, Flagright’s AI Co-Pilot drafts SARs, suggests next actions, and automates low-level workflows, turning what used to take hours into minutes. 

This speed becomes crucial when case volumes spike and can often mean the difference between catching fraud early or too late. 

More Than Just Compliance

Flagright doesn’t view compliance as a cost centre. It’s a lever for customer trust and operational efficiency. By embedding compliance directly into the product flow, institutions can offer smoother onboarding, quicker transaction approvals, and less friction for low-risk users. 

That kind of seamlessness builds loyalty, and Flagright’s clients know it.

Flagright is not just helping teams meet AML regulations. They’re trying to help them win market share by being faster, safer, and more trustworthy.

Even after onboarding is complete, Flagright continues to support its clients. Whether it’s fine-tuning rules, launching new features, or offering real-time help, the team acts more like a partner than a vendor. 

From Vendor to Transformation Partner 

So, what’s the message from the Co-Founder and CEO of Flagright to financial institutions still evaluating AML providers?

In a regulatory environment that’s only becoming more complex, and a customer base that expects everything instantly, Flagright’s real-time, modular, AI-powered approach feels like more than a solution. It feels like a turning point. 

Featured image: Edited from Freepik. 

Flagright will be participating in the upcoming Money 20/20 Europe event from 3–5 June. You can find them at booth no. 1G110. To learn more or book a meeting, visit their events page.