Nedsom, a Europe-based payment institution operating under the trade name Nedpay, and Flagright, an AI-native, no-code platform for transaction monitoring and AML compliance, have announced a new partnership.
Nedsom enables individuals to send money worldwide with web and mobile app support, competitive fees and robust security, while Flagright provides financial institutions with automated compliance and AML transaction monitoring tools.
The partnership was formed to support Nedsom’s growth into new markets by replacing its manual, Excel-based compliance processes with scalable, automated transaction monitoring and AML compliance solutions.
Nedsom enables fast, reliable, and transparent money transfers across multiple global corridors and supports various payment methods. It offers individuals a secure platform for international payments while maintaining competitive fees. Its compliance team needed a solution that would allow them to build rules, monitor transactions, and score risks without requiring engineering resources.
Flagright offers an AI-native, no-code platform for transaction monitoring and AML compliance. Its solutions give financial institutions real-time visibility into all transactions, automated alerting and case management, and an auditable compliance framework, helping clients to remain ahead of evolving regulatory requirements.
Through this partnership, Nedsom will gain real-time monitoring, automated alerting, and a scalable framework to maintain its compliance posture as it expands into new markets, reducing reliance on manual compliance operations while increasing transparency and speed.
Flagright CEO Baran Ozkan said, “We’re thrilled to welcome Nedsom to the Flagright family. Their mission to make global money transfers fast, secure and accessible aligns perfectly with our vision of modernising financial crime compliance. Together, we will enable Nedsom to expand confidently, knowing they have the tools to proactively address risk.”
Recently, Offramp, a self-custodial stablecoin-powered finance app, partnered with Flagright to enhance its transaction monitoring and case management capabilities as it scales its global operations.
The partnership aims to bolster Offramp’s anti-money laundering (AML) and financial crime compliance infrastructure. As Offramp continues to expand its services globally, the firm is integrating advanced transaction monitoring and case management tools to ensure regulatory alignment and operational resilience.
Also, OnePay, a digital banking platform offering fast, secure payments for individuals and businesses, previously entered into a partnership with Flaright.
The partnership is designed to enhance OnePay’s financial crime prevention capabilities as its user base and transaction volumes continue to grow. By leveraging Flagright’s AI-driven tools, OnePay aims to improve real-time monitoring and stay ahead of increasingly stringent UK and EU regulatory requirements.
OnePay enables customers to send and receive money from mobile or desktop, with support for instant global transfers to VISA and Mastercard®, a dedicated OnePay Card, and biometric security. It supports over 500 affiliate partners and prioritises financial inclusion, offering multilingual customer support and holding an “excellent” Trustpilot rating.
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