Palla Financial integrates Flagright's technologies

Through Flagright’s Anti Money Laundering (AML) and fraud prevention technology, Palla Financial is set to be able to further improve and optimise the security and reliability of its payment services. According to Palla Financial’s officials, the partnership with Flagright supports their company’s allegiance to security and compliance. By leveraging Flagright’s AML and fraud prevention technology, the firm plans to improve its ability to safeguard its customers’ transactions and ensure compliance with rigorous regulatory standards. Also, the partnership is set to ensure that Palla Financial can continue to provide secure and efficient payment processing.

Furthermore, representatives from Flagright underlined that their company plans to support Palla Financial in its commitment to modernise and improve P2P payments via its technology. By joining forces, Flagright assists its objective to ensure that financial transactions are safe, compliant, and efficient for customers. In addition to Palla Financial, in April 2024, Nodabank announced its plans to increase security by working together with Flagright. At that time, the integration of Flagright’s security solutions was projected to solidify Nodabank’s ability to detect and prevent financial crimes, thus ensuring a safe banking experience for users. Also, Flagright’s AI technology and no-code platform were set to facilitate the simplified implementation of compliance and fraud prevention procedures for the bank, with Nodabank aiming to transform the digital banking experience for consumers and businesses.

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