Collaboration of OWNY with Flagright to Enhance Anti-Money Laundering Surveillance and Compliance Enforcement
In a significant move to bolster its anti-money laundering (AML) efforts, OWNY, a platform designed for managing private investments and capital across borders, has announced its integration with Flagright's AI-native compliance platform.
OWNY's clients, who rely on the platform for managing private offerings and moving funds worldwide, will now benefit from Flagright's AI tools, designed to streamline routine compliance operations. The integration will enable OWNY to use real-time monitoring, AML screening, risk scoring, and case management across its operations.
Maksim Kovalenko, CTO and Co-founder at OWNY, praised Flagright's platform, stating that it offers strong controls, flexibility, and AI tools to streamline routine compliance operations without requiring heavy engineering work.
Flagright's no-code rules feature allows for the quick setup of real-time monitoring, while its unified case management feature enables OWNY to maintain an audit-ready system as the company grows. The centralised tools provided by Flagright will support compliance at scale while preserving user experience for OWNY's clients.
Madhu G. Nadig, Co-founder and CTO of Flagright, expressed his enthusiasm about the partnership, stating that their AI-native compliance platform enables OWNY to unify transaction monitoring and case management across various payment rails and reporting, strengthening financial crime controls from the start.
The integration with Flagright is part of OWNY's ongoing efforts to modernise capital flows. By adopting Flagright's technology, OWNY can strengthen financial crime controls from the start, providing a more secure environment for its clients.
OWNY's services include private wealth management, alternative asset investing, document processing, payments via ACH, wire, FX, and SWIFT, and back-office reporting for regulatory purposes. The integration with Flagright offers flexibility to OWNY, enabling the platform to adapt to the evolving needs of its clients in the ever-changing financial landscape.
In conclusion, the integration of Flagright's AI-native compliance platform into OWNY's operations marks a significant step forward in the fight against financial crime. By streamlining routine compliance operations and providing strong controls, the partnership will help OWNY continue to offer a secure and efficient platform for managing private investments and capital across borders.
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