KPay, a leading fintech company serving over 72,000 merchants in Australia, Hong Kong, Japan, and Singapore, has chosen Flagright to enhance its payment security. The collaboration will see KPay utilise Flagright’s AI-native, no-code platform for real-time transaction monitoring and anti-money laundering (AML) compliance, aiming to bolster financial crime controls across the Asia-Pacific region.
Flagright’s platform offers risk-based rules and AI forensics, enabling KPay to reconstruct complex transaction trails and expedite investigations. Alan Wong, Director of Risk and Compliance at KPay, highlighted the need for “speed, accuracy, and auditability,” stating that Flagright allows them to “configure rules quickly, automate customer risk profiles, and streamline investigations.”
KPay provides a comprehensive suite of payment services, including smart POS, QR payments, and a business account for small and medium enterprises (SMEs), which supports express T+0 settlement and rapid cross-border transfers. Richard Wong, Co-founder and Global Head of Partnerships at KPay, emphasised the company’s mission to offer a “seamless and secure path to grow” for merchants, with Flagright’s platform providing the necessary clarity and control.
Flagright’s CEO, Baran Ozkan, expressed excitement about supporting KPay, noting that the partnership will “safeguard every transaction with modern, efficient financial crime controls.” The integration is expected to help KPay detect risks before they escalate, ensuring robust security for its extensive merchant network.
This partnership follows KPay’s record-breaking $55m Series A funding round in 2024, marking the largest in the payments sector that year.
