There are only two types of payments. Good and bad.
The RedFlag Accelerator is the gold standard in financial crime detection for financial services.
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Financial crime detection is broken
$3.1 trillion in illegal transactions were made in 2023. More than $800 billion was connected to drug trafficking, $350 billion to human trafficking, and $11.5 billion to terrorism. Another $500 billion was lost to fraud.
Less than 1% of these crimes are stopped.
That feels like an error of focus. Not an error of ability.
$350 billion
More than a third of a trillion dollars is generated each year by human trafficking.
50 million
There are more than 50 million people trapped in modern slavery.
>1%
Less than 1% of financial crimes are stopped.
Research report
Banks think they are 8 months behind criminals
New research by the RedFlag Accelerator reveals banks think they are 8 months behind criminals.
That’s according to 300 anti-fraud and AML professionals at US banks.
Some of the largest institutions believe the gap could be as wide as 23 months.
However, they’re confident they can catch up.
27%
Over a quarter of banks blame internal governance as the main reason banks are so far behind.
23 months
Most banks think criminals are around 8 months ahead of the banks, with the largest institutions believing the gap is as wide as 23 months.
57%
More than half of banks believe AI will make it more difficult to detect financial crimes.
A comprehensive source
How can the RedFlag Accelerator help?
The RedFlag Accelerator is the world’s most comprehensive source of contextual persona-based typologies. We help AML vendors and anti-fraud teams to:
Know where to start
The RedFlag Accelerator consolidates typologies, personas, and red flags for AML predicate offences into a single source.
Know what to look for
The RedFlag Accelerator gives visibility over the data by indicating what to look for, where to look, and explains what you see.
Take action
With full visibility and practical indicators, the RedFlag Accelerator enables banks, AML vendors, and law enforcement to generate high-quality alerts, conduct investigations, and provide training.
A persona-based approach
How it works
We’ve compiled scenarios based on hundreds of trusted intelligence sources to build the red flags for perpetrators, victims, money launderer personas, and everyone in between.
Persona-based approach
Our ground-breaking approach identifies behavioral patterns found across individuals involved in specific criminal business models.
Analytics
Persona-centric analytics embedded in your AML tools offer an efficient and effective alternative to rules-based detection.
How you benefit
Improved detection
Utilize the latest personas, typologies, and red flags to enhance your ability to detect and investigate financial crimes.
Regulatory compliance
As financial crime regulations around the globe are increasing, we help you stay compliant.
Reduced risk exposure
Gain the knowledge needed to quickly identify the latest threats and high-risk behaviors in your customer data.
Data-driven insights
We continuously update our database to keep up with rapidly evolving criminal business models.
How we can help
We know payments
Why choose the RedFlag Accelerator?
We’ve helped some of the biggest banks on the planet solve their payments problems.
We exist to help open the doors of finance to all and to protect those who enter. We enable good payments and help stop the bad.
22+
years in payments and technology
24
countries
200+
years of combined banking experience
500+
successful implementation projects
Register for Access
Register now for the RedFlag Accelerator Portal
Start making a difference today.