he Brief
Flagright Launchpad is an efficient and cost-effective solution for fintechs to onboard with banking services, apply for licenses and create compliance policies
Founders
CEO, Baran Özkan
CTO, Madhu G Nadig
Y Combinator (W22) Just Launched
David J. Phillips @davj / 9:30 AM PST • January 30, 2023
Flagright, a fintech company that assists financial establishments with compliance and fraud prevention via their comprehensive tools, has recently announced the release of their newest feature: Launchpad.
Designed to streamline the process of onboarding with BaaS providers, applying for licenses, and creating compliance policies for new or expanding fintech companies, Launchpad significantly simplifies these often complex processes for this market segment. Plus, by partnering with multiple banking-as-a-service providers, they enable you to commence operations for your business without delay, possibly even before obtaining your own license.
Currently available in the UK, Canada, Singapore, Kenya, and the EU, with new jurisdictions available soon, Launchpad offers a faster and more cost-effective solution for fintech companies looking to navigate the complicated landscape of regulatory compliance.
Through Launchpad, fintechs can connect with partners such as Rapyd and ClearJunction, or choose their own BaaS providers. The platform also allows for the creation of customized compliance policies for each jurisdiction and use case, as well as allowing you to apply for specific license types in each jurisdiction. Additionally, Fintechs can access advisory services for AML compliance or fraud-related questions.
Crafted by experienced fintech operators, and led by a former Group MLRO of Revolut with over a decade and a half of knowledge in regulatory relationships, AML compliance, and banking, the Flagright team is well-prepared to traverse the intricate realm of compliance procedures.
Seeking guidance or unsure about your application? The Flagright team's expertise in financial crime and regulatory compliance subjects is at your disposal. Don't hesitate to contact them with any questions or issues related to the aforementioned topics. They would be happy to provide a solution or direct you towards the right resources. Please note that Flagright does not offer legal advice.
Fintechs interested in using Launchpad can schedule a call and visit the Flagright website to get started.