SME Bank and Flagright have entered into a partnership aimed at strengthening real-time financial crime controls while supporting scalable growth.
The partnership follows a successful evaluation of Flagright’s platform by SME Bank and is driven by the bank’s need to centralise transaction monitoring, watchlist screening, and investigations within a single, unified system. As SME Bank continues to expand across multiple European markets, the collaboration is designed to ensure regulatory alignment while maintaining speed, efficiency, and operational resilience.
SME Bank operates as a digital bank built specifically for small and medium-sized enterprises, holding a specialised banking licence issued by the European Central Bank. The bank provides digital day-to-day banking services and lending solutions to SMEs, with a stated mission to remove barriers to business growth. Its operations currently span the Baltic states, Finland, and the Netherlands, with further regional expansion underway.
Flagright delivers a real-time, AI-native compliance platform designed to support transaction monitoring, AML controls, and investigations without heavy manual configuration. Its no-code approach enables financial institutions to adapt compliance processes quickly as regulatory requirements and business models evolve, while maintaining audit-ready documentation and structured case management.
Through the deployment of Flagright’s platform, SME Bank will monitor activity in real time using configurable, risk-based rules across customer and transaction flows. The system will also screen customers and counterparties against relevant watchlists, generate clear alerts with investigation-ready context, and enable end-to-end investigations within a unified workspace. Granular roles and permissions, including maker-checker controls, will further support consistent decision-making as the bank’s compliance teams scale.
The partnership reflects a broader industry trend among digital banks and FinTechs seeking to consolidate fragmented compliance stacks into unified platforms that reduce manual workloads while meeting increasingly complex regulatory expectations across jurisdictions.
SME Bank chief operating officer Vaidotas Cucėnas said, “Trust and speed, maintained through rigorous control, are the key criteria we expect from our partners. This ensures we stay aligned with regulatory expectations while providing our clients with a secure environment to scale their operations”.
SME Bank chief information officer Tomas Smalakys said, “We looked for a platform that could quickly adapt to an ever-changing business environment and evolving processes. Flagright’s system gives us the control to evolve our operating model alongside our clients’ growing needs”.
Flagright co-founder and CEO Baran Özkan said, “SME Bank is building the kind of modern banking experience SMEs expect, digital, efficient, and built for growth. We’re excited to partner with their team and provide real-time monitoring, watchlist screening, and unified investigations that help them scale with confidence and meet regulatory expectations”.
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