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In the dynamic landscape of Asia’s fintech sector, where innovation meets regulation, FlexM has achieved a significant milestone! We’re thrilled to announce that we’ve been honored with the RegTech of the Year Award at the prestigious Asia FinTech Awards 2025! This prestigious recognition affirms our commitment to advancing anti-money laundering (AML) solutions, delivering intelligent, accessible compliance frameworks that empower financial institutions across scales—from emerging Fintechs to established enterprises.

As the financial sector navigates increasing complexities, this accolade highlights FlexM’s role in fostering resilient, efficient systems that democratize top-tier compliance tools and not only meet but anticipate regulatory needs. It reflects the collaborative excellence of our team and the trust placed in us by our partners, driving us to continually elevate industry standards.

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Shining the Spotlight on Our Visionary Leaders

At the core of this triumph is our COO, Mehek Weldon, whose sharp intellect and forward-thinking leadership have been the driving force behind our groundbreaking innovations. Together with the product team, she has developed solutions that go beyond basic standards. Her excitement is palpable, and it’s infectious across the entire FlexM family.

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An Evening to Remember 

We were represented on stage by an incredible trio: Valerie Pho, Ho Chee Wai (何志伟), and Kathy Morelos-Moreno. Their poise and passion as they accepted the award captured the essence of FlexM’s collaborative spirit. It’s moments like these that remind us why we do what we do—building a future where compliance fuels growth, not hinders it.

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FlexComply: The 360-Degree Compliance Solution

FlexComply stands out as FlexM’s core offering, providing an end-to-end platform for managing compliance risks, and supporting a wide array of organizations from neobanks and fintech startups to remittance providers and maritime entities. It oversees the full customer lifecycle with integrated features for biometric identity validation, real-time sanctions screening, transaction oversight, and automated reporting.

The platform’s API-centric build allows for straightforward connections to regulatory systems in markets such as Singapore, India, and the Philippines amongst others, allowing for swift rollout—typically in two weeks—and effortless scaling to match business expansion.

FlexComply’s reach into sectors beyond finance, such as monitoring international trade in shipping to curb illicit activities, underscores its flexible design. With a track record of supporting over 400 clients, FlexComply ensures compliance with AML and CFT protocols, enabling teams to prioritize strategic initiatives over routine tasks.

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A Shared Victory and Endless Gratitude

This recognition places us among an elite group of trailblazers at the Asia FinTech Awards, each pushing Fintech’s frontiers in their own bold ways. We’re humbled to share the stage with these innovators, all united in reshaping finance for the better.

We extend our gratitude for the consistent leadership to our CEO and Co-Founder, Naveed Weldon, and our Executive Chairman and Founder, Rune Nilsson, whose forward-thinking strategies continue to drive our innovative efforts.

Our deepest appreciation goes to our clients, whose collaboration fuels our continuous enhancements.

At last, a massive thank you to the Asia FinTech Awards for this spotlight. It’s more than an award; it’s motivation to keep evolving. Here’s to a much smarter and safer future of Fintech. 

As we build on this momentum, FlexM remains dedicated to redefining the compliance shift. If you’re ready to elevate your compliance game, navigate to www.flexm.com/flexcomply and let’s connect.

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A decade ago, we embarked on a mission to solve a critical challenge: financial services were overly complex, fragmented, and slow to adapt. We envisioned a better way—one that would make payments seamless, remittances instant, and AML compliance effortless. We wanted to create a unified platform where businesses could build and customize financial components to suit their unique needs.

Today, FlexM has not only transformed fintech but also empowered businesses worldwide to scale faster, operate more securely, and navigate compliance with ease. From innovative digital payments to cutting-edge AML solutions, our technology has made a tangible impact. As we celebrate this milestone, one thing is clear: we’re just getting started.

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A Decade of Innovation in Payments, Cross-Border Remittances, and AML Compliance

Here’s what we have built in the last 10 years:

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FlexPay: Launch Your Own E-Wallet and Payment Ecosystem

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FlexMerchants: Accept Payments & Reward Customers

FlexMerchants simplifies merchant onboarding and payment processing, allowing businesses to accept payments, settle transactions instantly, and engage customers with loyalty and rewards.

FlexBiz: All-in-One Virtual Business Accounts

FlexBiz provides businesses with virtual accounts to handle payments, payroll, and supplier settlements—all in one place.

FlexRemit: Launch Your Own Global Money Transfer Platform

FlexRemit is a cloud-based, omnichannel remittance processing platform designed for money service businesses looking to scale. Accessible via mobile apps, web portals, and agent locations, FlexRemit streamlines global money transfers with:

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FlexComply: A 360-Degree Real-Time AML Compliance Management System

As a licensed entity, we understand that compliance is more than a checkbox—it’s a shield against financial crime. That’s why we built FlexComply, a 360-degree AML compliance platform designed for regulated financial institutions.

Global Reach, Local Impact

With operations spanning Singapore, Canada, India, the US, Norway, Bangladesh, and beyond, FlexM ensures businesses can navigate regulatory landscapes while accessing seamless financial solutions. Our dedication to excellence has earned us key regulatory licenses and industry recognition, including the Singapore Fintech Award, Asia Fintech Award, and Compliance Innovator of the Year.

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Leadership Reflections

“Celebrating 10 years of FlexM is a moment of immense pride. This journey has been driven by our exceptional team, loyal clients, and supportive partners.”
— Naveed Weldon, CEO & Co-Founder

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“We started with a vision to challenge the status quo in financial services. The next decade will be about pushing boundaries even further.”
— Rune Nilsson, Chairman & Founder

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What’s Next?

As we enter our next chapter, our mission remains the same—to simplify fintech, empower businesses, and create secure, scalable financial solutions.

Join us as we continue shaping the future of financial technology.

Discover How FlexM Can Power Your Business

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A Milestone Achievement for FlexM

We are excited to announce that FlexM has received In-Principle Approval (IPA) for a Major Payment Institution (MPI) License from the Monetary Authority of Singapore (MAS). This significant achievement paves the way for us to expand our offerings across Singapore and Southeast Asia, further enhancing our suite of payment and remittance services. This milestone is a testament to FlexM’s ongoing commitment to financial inclusion and innovation in the fintech space.

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With this MPI license, FlexM will be authorized to offer:

- Account issuance

- E-money issuance

- Domestic money transfers

- Merchant acquisition

- Cross-border money transfers

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Driving Financial Inclusion and Innovation

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Since 2015, FlexM has been dedicated to promoting financial inclusion. Starting with a stored value facility for the unbanked, we have evolved into a global fintech leader with our Fintech-as-a-Service (FaaS) platform, empowering organizations to launch their own branded fintech solutions. The IPA from MAS enables us to significantly enhance our capabilities, and we look forward to making an even greater impact in Singapore and Southeast Asia.

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Naveed Weldon, CEO and Co-Founder of FlexM, expressed his excitement about this achievement:  

_"This approval marks a significant step forward for FlexM. Our team’s dedication and the strength of our FaaS platform have positioned us to deliver cutting-edge financial solutions to our clients and their customers. We’re thrilled to explore the new opportunities this license unlocks in Singapore and Southeast Asia, driving innovation and making financial services more accessible to all."_

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Empowering Businesses with FlexM’s FaaS Platform

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FlexM’s Fintech-as-a-Service platform specializes in four key verticals:

- FlexPay: Streamlining payment services with secure, seamless transactions.

- FlexRemit: Simplifying cross-border money transfers with faster, more cost-effective solutions.

- FlexComply: Ensuring compliance with comprehensive AML and regulatory solutions.

- FlexMerch - End to End merchant acquisition solutions from digital onboarding merchants, to payments, to settlements and more

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With the MPI license, FlexM will further bolster its capabilities by expanding our money transfer corridor network to 180 corridors, facilitating faster east-to-west payments, and offering a broader range of services to our growing customer base.

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A Testament to FlexM’s Strength and Vision

This In-Principle Approval follows FlexM’s recent success in Canada, where we obtained a money service business license from FINTRAC, enabling us to provide cross-border payment services. This continued expansion underscores our commitment to excellence and innovation.

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Rune Nilsson, Executive Chairman and Founder of FlexM, highlighted the strategic importance of this milestone:  

_"The approval for the Major Payment Institution License is a testament to FlexM’s vision and strength. This license is a game-changer for us, as it will unlock significant opportunities in the Asia-Pacific region. Singapore’s regulatory environment and strategic location make it the ideal base for us to drive future innovation and lead the next wave of payments across Southeast Asia."_

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We are committed to empowering organizations with the tools they need to succeed in an ever-evolving financial ecosystem. With a strong foundation and continued regulatory support, FlexM is ready to lead the next phase of fintech innovation.

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‍The Global Fintech Fest 2024: A Success Story with FlexM at the Forefront

As the Global Fintech Fest 2024 comes to a close, we at FlexM reflect on three exhilarating days of innovation, engagement, and inspiration. Hosted at the Jio World Convention Center in Mumbai, this event brought together the brightest minds and most forward-thinking companies in the fintech space. FlexM’s presence was nothing short of spectacular, marking a significant milestone in our journey towards revolutionizing financial services.

Day 1: Setting the Stage for Innovation

The energy was palpable from the moment the doors opened on Day 1. Our booth quickly became a focal point of activity, buzzing with curious visitors from various sectors—ranging from financial institutions to MSBs (Money Service Businesses), established and upcoming fintech companies, and businesses seeking to digitalize their payment processes. MSBs were keen on enhancing their remittance solutions, regulated entities sought our all-in-one compliance solution, and master merchants were eager to better their platforms with our digital merchant acquisition solution. Despite the varied products and diverse visitors seeking different solutions, there was a lot of buzz around our new compliance product, which garnered significant attention from all who visited our booth.

FlexComply, our AI-driven solution, is redefining regulatory compliance. From seamless onboarding, screening, transaction monitoring, fraud detection, and threshold monitoring to filing STRs (Suspicious Transaction Reports) with regulators in just a few clicks, real-time alerts, and a maker-checker workflow for managing cases and tasks between compliance teams, FlexComply captured the interest of many industry leaders and prospective clients.

Following the excitement around FlexComply, FlexPay took center stage with live demonstrations of its seamless payment integration capabilities. This was complemented by the strong interest in FlexRemit and its efficient cross-border payment services, alongside FlexMerchant, which empowers businesses with innovative payment solutions. Lastly, FlexBank sparked conversations on enhancing financial inclusion.
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Day 2: Strengthening Connections and Building Partnerships with Leadership at the Helm

Day 2 was a highlight of the event, not just for the deepening conversations initiated on Day 1, but also with the presence of Naveed Weldon, CEO and Co-Founder of FlexM. His exclusive attendance on August 29th provided a unique opportunity for visitors to engage directly with one of the key figures driving FlexM’s growth and innovation.

Naveed’s presence at the booth added a layer of significance to the day’s interactions. His insights and leadership have positioned FlexM as a key player in the global financial landscape, and his participation underscored FlexM’s commitment to leading the fintech industry. The conversations that took place were not only about products but also about the strategic direction and future of financial technology.

‍Day 3: A Grand Finale and Looking Ahead

The final day of the Global Fintech Fest 2024 was a culmination of the excitement and momentum built over the previous two days. Visitors continued to flock to Booth O23, eager to see firsthand how FlexM’s solutions could transform their businesses, making them the superheroes of their operations with our customized fintech solutions. The interest in FlexComply was particularly noteworthy, as more businesses recognized the value of AI in ensuring regulatory compliance.

As we wrap up our participation in this year’s fest, the FlexM team is filled with optimism and excitement for the future. The connections made, the ideas exchanged, and the innovations showcased are just the beginning of what promises to be an exciting journey ahead.

Join Us on the Path to Fintech Excellence

The FlexM team is overjoyed to have been at the booth, attending and interacting with different fintech industry experts. The connections made will be followed up, and we will stay in touch to help each one deliver their unique use case with our truly customizable all-in-one fintech solution. For those who couldn't make it to the event, we are available to guide you and help you find the best solution. Please click here for any future inquiries and to book a demo.

Thank you to everyone who visited us at the fest. Your enthusiasm and engagement are what drive us to keep pushing the boundaries of what’s possible in fintech. Together, let’s shape the future of financial technologies.

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We are delighted to share a milestone moment in FlexM’s journey—our role as a proud sponsor of this year’s Asia FinTech Awards 2024. This event is more than just an awards ceremony; it’s a celebration of the fintech community’s relentless drive to innovate, disrupt, and improve the way the world handles finance.

Starting from our roots in Singapore, FlexM has always been driven by a passion for innovation. Over the years, we have expanded our reach across the globe, building a reputation as a trusted leader in fintech. Sponsoring the Asia FinTech Awards was a natural extension of our commitment to fostering growth and recognizing excellence within the industry.

Honoring the Best: A Moment of Pride
One of the evening’s highlights was when our CEO and Co-founder, Naveed Weldon, took the stage to present the coveted Best FinTech of the Year 2024 award to Nium. It was an honor for us to be part of this significant moment in the fintech industry.

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Watch the Presentation (Click here for video) as Naveed Weldon presents the award, capturing the spirit of innovation that defines the Asia FinTech Awards.

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While our journey began in Singapore, our impact is global. FlexM’s participation in the Asia FinTech Awards is a reflection of our deep commitment to the fintech community, not just in Asia, but around the world. Last year, in 2023, we were honored to win the prestigious Asia FinTech Award, a testament to our innovation and leadership. This year, as sponsors, we proudly continue our journey from being recognized as the best to now supporting and fostering excellence across the global fintech landscape.

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At FlexM, we believe that innovation is best achieved through collaboration and community support. By sponsoring the Asia FinTech Awards, we had the opportunity to not only celebrate the successes of the industry but also to contribute to its ongoing evolution. We see these awards as more than just accolades—they are a platform to inspire, to challenge, and to drive the next wave of fintech breakthroughs.

Looking Ahead: Continuing the Journey of Innovation‍

In his remarks during the award presentation, Naveed Weldon reflected on the importance of perseverance and innovation in driving the fintech industry forward. He emphasized that the true power of fintech lies in its ability to solve real-world problems and improve the lives of people everywhere. This sponsorship marks another step in our journey from being recognized as the best to supporting and fostering excellence across the global fintech landscape.

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As we look back on this incredible experience, we are filled with pride and optimism for the future. FlexM is more committed than ever to leading the charge in fintech innovation. This sponsorship is just one of the many ways we are investing in the future of finance, and we can’t wait to see what the next year brings.

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Join us in shaping the future of fintech. Explore how FlexM’s cutting-edge solutions can help your business thrive in this ever-changing landscape.

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The Asia FinTech Awards 2023 was a night to remember, and for FlexM, it was a celebration of dedication, innovation, and teamwork. We are incredibly proud to have been nominated for three prestigious categories: Training Award, Team of the Year, and Director of the Year. These nominations are a testament to our unwavering commitment to excellence and our vision of shaping the future of fintech.

A Milestone Achievement: Winning the Training Award

Amidst stiff competition and alongside some of the most innovative fintech companies in the region, FlexM emerged victorious, winning the Training Award. This award recognizes our relentless efforts in fostering talent, enhancing professional development, and equipping our team with the skills necessary to drive innovation in the fintech space. At FlexM, we believe that continuous learning is the backbone of progress, and this recognition fuels our determination to further invest in training and development.

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Recognizing the Strength of Our Team and Leadership

While securing a win for the Training Award was a proud moment, being nominated for Team of the Year and Director of the Year highlights the strength of our organization as a whole. Our team has worked tirelessly to develop groundbreaking solutions that empower businesses and individuals in the digital payments ecosystem. Being recognized as one of the best teams in the industry only reaffirms our belief that collaboration and passion are the key drivers of success.

Similarly, the nomination for Director of the Year is a reflection of strong leadership and strategic vision that have propelled FlexM to new heights. Under inspiring leadership, we have continued to break barriers, redefine fintech standards, and expand our footprint across Asia.

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Moving Forward with Greater Determination

Winning the Training Award at the Asia FinTech Awards 2023 is not just a recognition but also an encouragement to continue pushing the boundaries of fintech innovation. Our commitment to excellence remains steadfast, and we will keep driving impact by empowering businesses and individuals with cutting-edge financial solutions.

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We extend our heartfelt gratitude to our team, partners, and clients for their unwavering support. This achievement belongs to every individual who has contributed to our journey. As we move forward, we remain committed to delivering excellence and making a lasting impact in the fintech industry.

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Here's to more milestones and greater successes ahead!

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#AsiaFinTechAwards2023 #FlexM #FintechInnovation #AwardWinningTeam

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