Flagright Secures $12.5 Million to Expand Financial Crime Compliance

Flagright raised $12.5 million in a Series A funding round to increase the capabilities and adoption of its artificial intelligence operating system for financial crime compliance. The company will use the new funding to expand explainable AI uses cases across investigations, alert intelligence, rule optimization, decision support and audit-ready workflows, it said in a Wednesday (June 17) press release emailed to PYMNTS. Flagright will also use the funding to increase its presence in the U.S.