Case Study: Fingo Africa boosts AML compliance and fraud detection with Flagright

Fingo Africa & Flagright Boosting Digital Banking Security in Emerging Markets

Fingo Africa, a leading digital-only banking platform in Kenya, faced significant challenges in scaling its financial crime prevention and AML compliance as its user base grew. Operating in a dynamic regulatory landscape, Fingo needed an agile, robust solution that could integrate seamlessly with its platform. This led them to partner with Flagright for its comprehensive transaction monitoring and AML solutions.

Flagright implemented its API-first and no-code solutions, including a sophisticated rule-scenario builder for fraud detection and an automated suspicious activity reporting system. The integration was completed in less than a week. As a result, Fingo Africa achieved a 98% fraud detection accuracy rate, an 80% reduction in customer transaction friction, and a 100% on-time regulatory reporting rate, dramatically improving its security and compliance posture.

Fingo Africa

lan Njuguna

Co-Founder and CTO