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Flagright Reviews & Product Details

Saqib M.
SM
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Flagright?

- Incredibly easy to navigate produce with powerful rules, ensuring we're extremely well equipped to combat financial crime

- Incredibly responsive and helpful team (I really mean all of the team, sales to developers) Review collected by and hosted on G2.com.

What do you dislike about Flagright?

- We're extremely content with the product to date Review collected by and hosted on G2.com.

What problems is Flagright solving and how is that benefiting you?

As a growing business we were met at a crossroads to enhance our TM systems. Most providers have a basic rules based approach, with imcredibly mudane UI and experience. Flagright solved this issue by providing a powerful tool with functionality far beyong the usual rules based approach. Their dedication to creating a robust product to tackle financial crime is comendable. Review collected by and hosted on G2.com.

Response from Joseph Ibitola of Flagright

Thank you for your kind words and trust in us, Saqib! It’s wonderful to hear that our platform’s ease of navigation and powerful rules, along with our team's responsiveness, have significantly contributed to your efforts in combating financial crime.

We'll continue to make sure your satisfaction is our top priority!

Flagright Overview

What is Flagright?

Flagright is an AI-native AML compliance & risk management platform arming financial institutions against financial crime risks. The no-code platform leverages LLMs and advanced algorithms to enhance financial crime compliance operations, offering transaction monitoring, case management, risk scoring, and AML screening. Thanks to seamlessly integrated AI agents, Flagright drastically reduces false positives by 90% and alert investigation time by 80% for AML & fraud teams globally. Serving customers in 6 continents, Flagright is rated #1 globally in transaction monitoring and AML compliance on G2 in Summer 2024. Flagright is also rated #1 in time-to-integrate with customers going live in an average of 2 weeks, significantly faster than the industry average of 2-4 months, time-to-value, and ROI with a payback period of 2.4 months on average. With offices in the United States, United Kingdom, Singapore, Germany, and India, it has a global workforce presence to support its customers locally.

Flagright Details
Product Website
Languages Supported
English
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Product Description

Flagright is an AI-native AML compliance & risk management platform arming financial institutions against financial crime risks. The no-code platform leverages LLMs and advanced algorithms to enhance financial crime compliance operations, offering transaction monitoring, case management, risk scoring, and AML screening. Thanks to seamlessly integrated AI agents, Flagright drastically reduces false positives by 90% and alert investigation time by 80% for AML & fraud teams globally. Serving customers in 6 continents, Flagright is rated #1 globally in transaction monitoring and AML compliance on G2 in Summer 2024. Flagright is also rated #1 in time-to-integrate with customers going live in an average of 2 weeks, significantly faster than the industry average of 2-4 months, time-to-value, and ROI with a payback period of 2.4 months on average. Headquartered in Singapore, the company also has offices in the United States, Germany, and India with a global workforce presence to support its customers locally.

How do you position yourself against your competitors?

At Flagright, we distinguish ourselves with superior integration speed, advanced AI and ML applications, and a truly self-serve platform:

1. Faster Integration: We have the fastest integration time in the market. Our API minimizes engineering investment and maximizes ROI.

2. Superior AI & ML Applications: Our AI-native case management excels in writing case narratives, conducting data analysis, and summarizing customer correspondence, seamlessly integrated into investigation journeys.

3. Always Real-Time: Our platform operates in real-time, computing multi-million aggregations in under 700 ms, including network latency.

4. Superior UI & UX: We offer a superior, user-friendly interface, ensuring a seamless experience.

5. Risk-Based Monitoring: Our centralized risk scoring and monitoring systems maximize customer satisfaction and revenue while minimizing false positives and financial crime risk.

Combining these elements, Flagright offers a unique, compelling proposition, setting us apart from competitors and delivering the best outcomes for our customers.


Seller Details
Seller
Flagright
Company Website
Year Founded
2021
HQ Location
London, United Kingdom
Twitter
@FlagrightHQ
141 Twitter followers
LinkedIn® Page
www.linkedin.com
27 employees on LinkedIn®
Description

The modern standard for financial crime compliance and risk management


Joseph I.
JI
Overview Provided by:

Recent Flagright Reviews

Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
5.0 out of 5
"FlagRight offers a highly customisable experience with a rapid product iteration cycle"
FlagRight offers a very customisable platform that AML and Risk teams can use and tailor to the specific transactional and KYC data contexts of the...
Regina G.
RG
Regina G.Small-Business (50 or fewer emp.)
5.0 out of 5
"Flagright has helped us to speed up investigations."
Flagright has been a game-changer for our AML operations. Their team is super responsive and always ready to help whenever we need support. The AI-...
Monique I.
MI
Monique I.Small-Business (50 or fewer emp.)
5.0 out of 5
"Flagright Delivers Exceptional AML Compliance with a Responsive Team!"
Flagright's AML and Fraud provention tools are exceptional! Giving me the ability to configure the platfor to fit me needs in real-time transaction...
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Flagright Media

Flagright Demo - Transaction Monitoring
Create and manage rules on a no-code, intuitive platform with no engineering support for real-time and batch processing use cases alike. Drive growth with Flagright’s risk-based rules engine delivering extreme performance.
Flagright Demo - Case Management
Supercharge your financial crime operations. Investigate and collaborate seamlessly. Manage risk while enabling growth.
Flagright Demo - Customer Risk Assessment
Seamlessly calculate customer risk for individuals and merchants. Combine onboarding & behavioural risk using Flagright's dynamic scoring engine.
Flagright Demo - AML Screening
Reduce your financial crime risk by screening against the most current sanctions, PEP, and adverse media data globally.
Flagright Demo - AI Forensics
Flagright introduces AI Forensics, a cutting-edge solution designed to help fintechs and banks manage the growing volume of tasks without increasing their AML compliance and fraud team sizes. Integrated seamlessly into the standard case management system, AI Forensics autonomously conducts invest...
Seamlessly built into the standard case management system, AI Forensics conducts investigations on its own while keeping analysts in charge of final reviews or important decisions.
Play Flagright Video
Seamlessly built into the standard case management system, AI Forensics conducts investigations on its own while keeping analysts in charge of final reviews or important decisions.
Flagright's Quality Assurance is designed to enhance precision and compliance during investigations, fitting seamlessly into existing workflows.
Play Flagright Video
Flagright's Quality Assurance is designed to enhance precision and compliance during investigations, fitting seamlessly into existing workflows.
Flagright's enhanced API documentation unlocks the full potential of its AI-native AML compliance and anti-financial crime infrastructure. With a user-friendly layout, simplifies integration processes and elevates 
 engineering experience.
Play Flagright Video
Flagright's enhanced API documentation unlocks the full potential of its AI-native AML compliance and anti-financial crime infrastructure. With a user-friendly layout, simplifies integration processes and elevates engineering experience.
Flagright's Sanctions Screening feature offers real-time monitoring against sanctions watchlists, regulatory enforcements, PEPs, and adverse media, ensuring advanced compliance and risk management.
Play Flagright Video
Flagright's Sanctions Screening feature offers real-time monitoring against sanctions watchlists, regulatory enforcements, PEPs, and adverse media, ensuring advanced compliance and risk management.
The first episode of
Play Flagright Video
The first episode of "Bite-Sized Compliance" features Leonid Komov, a Regtech strategic advisor, sharing expert insights on developing effective AML transaction monitoring rules.
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Have you used Flagright before?
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19 out of 20 Total Reviews for Flagright

5.0 out of 5
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19 out of 20 Total Reviews for Flagright
5.0 out of 5
19 out of 20 Total Reviews for Flagright
5.0 out of 5

Flagright Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for FlagrightQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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G2 reviews are authentic and verified.
Monique I.
MI
Senior Compliance Officer
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Flagright?

Flagright's AML and Fraud provention tools are exceptional! Giving me the ability to configure the platfor to fit me needs in real-time transaction monitoring without the hassle of complex integrations. The AI-driven features make a significant impact, but what stood out to me the most was the quick implementation process and the team’s responsiveness to feature requests Review collected by and hosted on G2.com.

What do you dislike about Flagright?

There is nothing to dislike. Working closely with the team has been great, and taking the time to build the best product makes all the difference Review collected by and hosted on G2.com.

What problems is Flagright solving and how is that benefiting you?

Our biggest obsticle was implementing a robust AML compliance measures that could be intergrated seemlessly into the platform we currently use. Flagright has been a massive help enhancing our anti-money laundering (AML) compliance and security measures. By integrating Flagright's AI-powered AML compliance solutions, Sciopay benefits from real-time transaction monitoring and a flexible, no-code platform that streamlines the implementation of comprehensive AML protocols. This partnership strengthens Sciopay's security infrastructure, ensuring secure cross-border payments and foreign exchange management, thereby fostering trust and reliability among its customers Review collected by and hosted on G2.com.

Regina G.
RG
AML compliance analyst
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Organic
What do you like best about Flagright?

Flagright has been a game-changer for our AML operations. Their team is super responsive and always ready to help whenever we need support. The AI-powered features have made a huge difference—not only have we been able to speed up investigations, but the AI also helps make them more precise, giving us better insights and reducing unnecessary manual work. The automation has really cut down false positives, making our workflow much more efficient. Overall, it’s been a great experience. Review collected by and hosted on G2.com.

What do you dislike about Flagright?

There’s nothing we really dislike. As part of our current process, we often download exports during investigations, but we’ve been working with the team to streamline this and have already seen improvements. Review collected by and hosted on G2.com.

What problems is Flagright solving and how is that benefiting you?

Flagright has helped us to review our alerts on time without getting behind, reviewing alerts ona daily basis using their AI feature has helped us to speed up the narrative creation process without compromising our transaction monitoring reviews. Review collected by and hosted on G2.com.

Dustin E.
DE
Head of Risk and Compliance
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Flagright?

Flagright is an exceptional platform for AML compliance and fraud prevention! Its no-code setup is incredibly user-friendly, allowing real-time transaction monitoring, and so much more without the need for complex integrations. The AI-powered features are a game-changer. What impressed me most was the speed of implementation and the teams willingness to work through feature requests. Review collected by and hosted on G2.com.

What do you dislike about Flagright?

There is nothing I dislike. I was axious to get features out, but these is like any company - they take time. Review collected by and hosted on G2.com.

What problems is Flagright solving and how is that benefiting you?

Flagright is solving major challenges in AML compliance and fraud prevention, particularly in monitoring and rule creation for our credit card program. Its no-code platform allows us to set up and customize real-time transaction monitoring and fraud detection rules quickly, without requiring technical expertise. This has streamlined our compliance processes and ensured we stay ahead of evolving threats. Review collected by and hosted on G2.com.

Verified User in Financial Services
UF
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Organic
What do you like best about Flagright?

FlagRight offers a very customisable platform that AML and Risk teams can use and tailor to the specific transactional and KYC data contexts of their company. Doing a good and thorough implementation helps to save time operationally and technologically.Their API documentation is only easy to understand and integrate mapping well with many types of data structures and scenarios a fintech would encounter. Review collected by and hosted on G2.com.

What do you dislike about Flagright?

As a younger company, there can sometimes be minor bugs. That being said, the team is generally very responsive, fast and transparent to solve these issues Review collected by and hosted on G2.com.

What problems is Flagright solving and how is that benefiting you?

Solving for optimising alert generation, manpower allocation to compliance and risk issues as well as engineering resource allocation. This helps to bring many of the technology aspects of compliance and risk more firmly into the hands of the direct compliance business units who would understand the needs and use cases the best. Review collected by and hosted on G2.com.

Brisa C.
BC
Financial Crimes Analyst
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Flagright?

Using Flagright has been one of the best decisions, as it streamlines operations when monitoring transactions, fraud patterns, and investigations, and improves result visibility — a marvel for the AML world!! Review collected by and hosted on G2.com.

What do you dislike about Flagright?

Nothing, I would say that Flagright has all the correct features! Review collected by and hosted on G2.com.

What problems is Flagright solving and how is that benefiting you?

It accelerates operations by offering real-time monitoring of transactions and identifying suspicious activities. The platform's advanced analytics detect fraud patterns and unusual behaviors efficiently, allowing for quicker and more accurate investigations. It also enhances compliance workflows, streamlines case management, and ensures better reporting to regulatory authorities. Review collected by and hosted on G2.com.

Izzul Z.
IZ
SME Business Analyst
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Organic
What do you like best about Flagright?

Great service and support during the implementation. Helpful tool to help during the project including knowledge base article for guidance. Review collected by and hosted on G2.com.

What do you dislike about Flagright?

Satisfied with Flagright overall. However, as our compliance needs evolve, I'm eager to see how Flagright continues to innovate and adapt. I'm particularly interested in exploring. Review collected by and hosted on G2.com.

What problems is Flagright solving and how is that benefiting you?

Flagright assists our company in adhering to AML regulations while enhancing our overall security posture. Specifically, it strengthens our ability to monitor user profiles and transactions, mitigating potential risks Review collected by and hosted on G2.com.

GI
Financial Crimes Team Lead
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Flagright?

Ease of Use

No Code Implementation

Product Support

The control is given to the correct department Review collected by and hosted on G2.com.

What do you dislike about Flagright?

Some features (not essential) need maturing and are missing as this product is relatively young, especially on the AI side.

But the product is in a great position right now, and advancing rapidly. Review collected by and hosted on G2.com.

What problems is Flagright solving and how is that benefiting you?

Transaction Monitoring

BSA/AML Monitoring Review collected by and hosted on G2.com.

BANCE  I.
BI
Casino Dealer
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Flagright?

What I like best about Flagright is its streamlined approach to managing flag rights and its ability to ensure compliance with regulations efficiently. Review collected by and hosted on G2.com.

What do you dislike about Flagright?

What I find less favorable about Flagright is that its system can sometimes be complex to navigate, especially for new users. Review collected by and hosted on G2.com.

What problems is Flagright solving and how is that benefiting you?

Flagright solves problems related to managing flag rights and ensuring compliance with regulations. This benefits me by streamlining the process, reducing errors, and ensuring that all flag-related matters are handled efficiently and according to legal standards. Review collected by and hosted on G2.com.

Igor G.
IG
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Flagright?

Flagright was very responsive and helpful during our integration. They've have an open API documentaion, that developers can review before the sales conversation, allowing to figure out if the solution will be relevant. The team supported us during the development and after launch. Review collected by and hosted on G2.com.

What do you dislike about Flagright?

It would be great if Flagright provides few use cases or cook books in the API documentation to allow a faster integration. Review collected by and hosted on G2.com.

What problems is Flagright solving and how is that benefiting you?

Flagright allows us to monitor our clients transactions. They notify us about any fraudulent or suspicous behaviour that needs further investigation before processign the funds. Review collected by and hosted on G2.com.

Response from Joseph Ibitola of Flagright

Thanks for your valuable feedback, Igor. We're glad our support and open API documentation met your expectations. Ensuring our partners can seamlessly integrate and utilize our solutions is a top priority for us.

Your suggestion for adding use cases to our API docs is great, and we've now enhanced our API documentation to make integration even smoother.

Please continue to share your insights and needs with us; your feedback is crucial for our continuous improvement and innovation.

See how Flagright improved
Mike E.
ME
Credit and Enterprise Risk Officer
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Flagright?

Seamless, user-friendly and easy to navigate Review collected by and hosted on G2.com.

What do you dislike about Flagright?

Should be available in more countries for more users Review collected by and hosted on G2.com.

What problems is Flagright solving and how is that benefiting you?

Money laundering is a big problem in the world currently and with flagright, users are able to learn more about anti-money laundering and steps to take to ensure compliance Review collected by and hosted on G2.com.