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Palla Financial joins Flagright to bolster P2P payments security

By Gloria Mathias

July 03, 2024

  • Aforti
  • AI
  • AML
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Flagright, Aforti, SMEs, Financial Services, AI, Anti-Money Laundering, AML, fraud prevention, traditional banking, online currency exchange, financial institution, Fintech news, Fintech Europe, Palla Finance, P2P Payments, security, Payments Security, Palla Financial, a platform enabling seamless P2P payments, has integrated Flagright’s advanced security technologies to ensure its payment services remain secure, efficient, and compliant.

Flagright is an AI-native Anti-Money Laundering (AML) compliance and fraud prevention solution. Both companies share a common heritage as Y Combinator alumni, underscoring their commitment to leveraging technology for financial innovation and security.

Palla Financial partners with FinTechs and financial institutions to enable peer-to-peer payments in seconds, operating 24/7/365. With a suite of REST APIs, Palla Financial offers secure authentication, the creation and storage of payment methods, and rapid P2P transfers between senders and international receivers. By leveraging Flagright’s AML and fraud prevention technology, Palla Financial will further enhance the security and reliability of its payment services.

Enrique Perezalonso, CEO and Co-Founder of Palla Financial shared, “Partnering with Flagright is a significant step in reinforcing our commitment to security and compliance. As a fellow Y Combinator company, we share a vision of leveraging cutting-edge technology to drive innovation and security in the financial sector. Flagright’s state-of-the-art AML and fraud prevention technology will enhance our ability to protect our customers’ transactions and ensure compliance with stringent regulatory standards. This collaboration ensures that Palla Financial continues to set the benchmark for secure and efficient payment processing.”

Baran Ozkan, Co-founder and CEO of Flagright said, “We are thrilled to support Palla Financial, a company that is revolutionizing P2P payments with its innovative technology. Our collaboration reflects our shared commitment to ensuring that financial transactions are secure and compliant. We look forward to supporting Palla Financial’s mission to provide a reliable and trustworthy payment service.”

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