SME Bank is taking another step forward in its mission to provide small and medium-sized enterprises (SMEs) with access to secure and fast digital banking. By integrating Flagright’s AI-native AML (Anti-Money Laundering) and transaction monitoring platform, SME Bank is further strengthening financial crime prevention and control.

The integrated platform allows SME Bank to centralize real-time monitoring and watchlist screening. This means the bank can detect potential risks instantly, ensuring that legitimate businesses continue to enjoy secure, seamless, and fast banking services.

“Trust and speed, maintained through rigorous control, are the key criteria we expect from our partners,” says Vaidotas Cucėnas, Chief Operating Officer at SME Bank. “This ensures we stay aligned with regulatory expectations while providing our clients with a secure environment to scale their operations.”

“SME Bank is building the kind of modern banking experience SMEs expect, digital, efficient, and built for growth,” said Baran Özkan, Co-founder & CEO of Flagright. “We’re excited to partner with their team and provide real-time monitoring, watchlist screening, and unified investigations that help them scale with confidence and meet regulatory expectations.”

What this means for SME Bank clients:

1. Enhanced Security: AI-driven screening provides a more robust shield against financial crime.
2. Faster Transactions: Real-time monitoring reduces delays and the need for manual intervention.
3. Future-Proof Banking: The platform allows the bank to implement security requirements seamlessly as new products are launched.

“We looked for a platform that could quickly adapt to an ever-changing business environment and evolving processes. Flagright’s system gives us the control to evolve our operating model alongside our clients’ growing needs,” says Tomas Smalakys, Chief Information Officer at SME Bank.

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 About SME Bank 

SME Bank is a digital bank dedicated to small and medium-sized enterprises (SMEs), rapidly expanding its activities and continuing to implementing innovative solutions tailored specifically to the needs of this sector. The bank is a reliable partner who offers fast and convenient financial services that allow SMEs to focus on their growth and development.  

The Bank operates in Baltic states, Finland, and the Netherlands. 

About Flagright

Flagright is a global leader in AI-native transaction monitoring and AML compliance solutions, featuring a highly customizable, risk-based platform with the industry’s fastest two-week integration, enabling financial institutions to centralize detection, investigate and report suspicious activity, streamline regulatory workflows, and strengthen financial crime controls. Flagright has also been recognized as the fastest growing AML compliance platform in Europe on Sifted’s Europe 250 in 2025, also globally recognized by Chartis as a leader in AI for fincrime compliance in Chartis’s Financial Crime Compliance50 2025, amongst several other global recognitions. Trusted by fintechs and banks in 30+ countries, Flagright helps reduce false positives by 93% and lower compliance costs by 80%, thereby setting the modern standard for financial crime compliance.