OnePay, a growing UK-based digital bank, has announced a strategic partnership with Flagright, a Berlin-based financial crime-fighting technology company. The collaboration aims to modernize and reinforce OnePay’s anti-money laundering (AML) efforts while supporting its rapid growth and global transaction volumes.
With financial crimes evolving in complexity and sophistication, OnePay sought a future-ready compliance infrastructure that could offer real-time transaction monitoring and adapt to the fast-paced demands of digital banking. Flagright’s no-code AML compliance platform stood out for its speed of implementation and its advanced capabilities.
Flagright provides end-to-end AML solutions through just six APIs, enabling seamless integration and deployment in under a week. Its offering includes real-time transaction monitoring, dynamic customer risk scoring, AML screening, case management, and AI-powered forensics. The platform reduces false positives by over 90 percent, enabling financial institutions to detect and prevent illicit activities more effectively.
According to Matthew Buckmaster, Head of Change at OnePay, the partnership with Flagright enables the bank to gain instant visibility across all transaction types, ensuring compliance while delivering a secure experience for users. He emphasized that the collaboration will allow OnePay to scale its services without compromising on compliance or security.
Flagright’s CEO and co-founder, Baran Ozkan, echoed the sentiment, highlighting the alignment between OnePay’s mission to serve underserved communities and Flagright’s vision of democratizing access to financial crime-fighting tools. He added that the partnership will equip OnePay with the capabilities to handle complex AML challenges as they expand into new markets.
The announcement reflects a growing trend in fintech where banks and payment providers are turning to AI-native compliance tools to stay ahead of increasingly complex regulatory landscapes. With this partnership, OnePay positions itself as a forward-thinking player in the digital banking space, leveraging technology not only for convenience but also for robust, scalable protection.
