Alumni profile

Lenvi Launches ALVIN to Fight Double Pledging Fraud

Lenvi Launches ALVIN to Fight Double Pledging Fraud
By David Penn Posted on
Categories: Alumni profile, Lenvi

UK-based lending technology provider Lenvi has unveiled its new automated loan verification software, ALVIN, designed to combat fraud risks such as double pledging. The launch follows a series of high-profile fraud cases involving MFS, Tricolor, and First Brands Group.

Double pledging takes place when a borrower uses the same asset as collateral to secure multiple loans from different lenders simultaneously—without informing the lenders that the collateral has already been pledged as security for other loans. This fraud tactic drew significant public attention this year when a number of high-profile fraud cases involved double pledging.

For example, Market Financial Solutions was a UK property lending company that collapsed in February 2026 as a result of a £1.3 billion fraud and double pledging scandal. Executives at Tricolor Holdings were accused of running a massive fraud scheme—also using double pledging—around subprime automobile loans and were charged by the SEC in August in connection with the firm’s $1.9 billion collapse. First Brands Group was another case of multibillion-dollar fraud involving fake collateral and not just double pledging, but triple pledging.

Historically, lenders have defended themselves against double pledging via collateral registries, UCC (Uniform Commercial Code) filings and searches, regular and AUP audits, and even blockchain-based and digital registry solutions. Unfortunately, many of these methods fall short due to the lack of centralization among registry systems, the prevalence of manual and periodic verification processes, and increasingly sophisticated fraud strategies, including document forgery and digital manipulation—both accelerated by AI—as well as the use of shell companies and jurisdictional arbitrage.

In response, Lenvi’s ALVIN provides continuous, automated loan verification across the entire lending portfolio. Built on agentic AI, ALVIN operates alongside Lenvi’s existing AUP (Agreed-Upon Procedures) and compliance services to deliver robust, end-to-end protection for capital markets investments. ALVIN can analyze data tapes or connect directly to loan management systems via APIs, consuming data at the source to provide visibility across all funding lines. ALVIN verifies every loan document, every customer, and every pledged asset. This empowers funders to monitor processes on an ongoing basis instead of using periodic or smaller-sample checks alone.

Additionally, to help guard against double pledging, each loan is tokenized with a unique digital fingerprint. If ALVIN encounters another loan with a similar fingerprint or other matching characteristics, the software instantly alerts the funder, enabling them to investigate the matter further. ALVIN also delivers real-time visibility of cash movements, monitoring transactions from origination through repayment to ensure the funds reach the correct recipients.

“Developing ALVIN was all about helping investors to confirm that what’s on paper matches reality,” Lenvi Director of Capital Markets Owain Chambers said. “The recent cases with MFS, Tricolor, and First Brands Group have naturally shaken the market and increased scrutiny of loan verification, particularly around the risk of double pledging. This software responds directly to that nervousness and helps detect any irregularities before they cause lasting damage.”

Founded in 1988 and headquartered in Leeds, UK, Lenvi made its Finovate debut at FinovateEurope 2023. At the conference, the company demonstrated how its technology delivers rich and mature lending functionality and broad, extensible, first-party API support. This facilitates feature toggling alongside fully automated online deployments, while a React user interface and API support an endlessly configurable workflow engine in an environment that is compliant and secure. Richard Carter is Lenvi’s Chief Executive.

Photo by Mehdi Mirzaie on Unsplash

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Bluefin Teams with Visa for In-Person Payment Acceptance

Bluefin Teams with Visa for In-Person Payment Acceptance
By Julie Muhn (@julieschicktanz) Posted on
Categories: Alumni News, Alumni profile, Bluefin, Daily news, VISA

Digital payments and data security company Bluefin announced it has partnered with Visa on a new card-present acceptance tool. The new offering combines Bluefin’s PCI-validated point-to-point encryption (P2PE) solution with Visa Acceptance Solutions to bring increased security to in-person payment acceptance.

The in-store payment acceptance tool offers merchants, software providers, and enterprises a unified approach to accepting payments by combining payment acceptance, PCI-validated security, tokenization, device lifecycle management, and enterprise payment infrastructure into a single solution. Bluefin will power the P2PE piece, while Visa’s Visa Acceptance Solutions is taking on the payment processing, tokenization, and global payment services elements.

“Enterprise organizations are no longer looking for individual payment technologies—they’re looking for infrastructure that enables secure commerce across every channel,” said Bluefin Founder and Chief Strategy Officer Ruston Miles. “Our collaboration with Visa Acceptance Solutions reflects a shared vision that secure payment acceptance should be delivered as an integrated platform rather than a collection of independent components.”

Bluefin was founded in 2007 to bring security to payments by developing technology to devalue sensitive data at the point of entry. Since then, the company has expanded to focus on broader data security infrastructure that protects sensitive data in motion across systems, platforms, and environments. Combining P2PE, vaultless tokenization, and orchestration powers Bluefin’s new model for securing transactions.

The new tool will bring Bluefin clients simplified deployment, centralized device management, developer APIs and SDKs, and reduced PCI compliance scope. While Bluefin is launching the payment acceptance tool with select Ingenico Lane series devices, the tool is capable of expanding to additional ecosystems.

“By combining Visa Acceptance Solutions with Bluefin’s card-present security infrastructure, we’re helping organizations simplify deployment, reduce complexity, and build a stronger foundation for the future of enterprise commerce,” added Miles.

Teaming up with Visa helps Bluefin consolidate traditional, fragmented technology stacks. Rather than separately integrating payment acceptance, processing, encryption, tokenization, and device management, it offers merchants the option to access those capabilities through a unified platform. This raises the bar from offering an individual piece of the payments stack to helping businesses abstract the complexity of managing payments across channels.

Bluefin works with more than 300 partners and 40,000 businesses and protects more than $350 billion in transactions annually. The Atlanta, Georgia-based company showcased its payment technology at FinDEVr 2014 under the name Bluefin Payment Systems.

Photo by cedric george

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Conversational AI Platform for Financial Services OmniAI Rebrands as Monumint

Conversational AI Platform for Financial Services OmniAI Rebrands as Monumint
By David Penn Posted on
Categories: Alumni profile, Monumint, OmniAI

OmniAI, an agentic AI firm that made its Finovate debut at FinovateFall 2025 last year in New York, has rebranded as Monumint.

“This is more than a new name. It’s the next chapter of our company,” the firm began its LinkedIn post discussing the rebranding. “As financial services enters the era of AI, every customer should still receive a personal, high-touch experience,” the post continued. “We believe conversational AI is the foundation that makes that possible. That’s why we’re becoming Monumint.” The new name of the firm was inspired by the strength and endurance of monuments, “structures that have been built to last … just like the relationships financial institutions build with their customers.”

Monumint offers a conversational AI platform for financial institutions. The company’s technology leverages agentic AI to manage the entire borrower lifecycle across email, SMS, and voice. Monumint’s AI agents support account opening, loan origination, servicing, and collections, verifying and pre-qualifying applicants, collecting documents, responding instantly to balance, payment, and account queries, and, when necessary, providing empathetic, policy-guided outreach to enhance the collections process. This includes routing hardship signals directly to human agents.

The company’s rebrand comes at a time when a growing number of banks and credit unions that have built their businesses around relationship banking are facing challenges from technology-enabled rivals who are making it easier for customers to open accounts, secure the assistance and advice they need, and move money quickly without requiring a branch visit or dealing with a call center. The instant access that consumers increasingly expect in other aspects of life is quickly becoming an expectation among consumers of banking and financial services. Enabling community banks, credit unions, and lenders to deliver this access through innovative technologies like agentic AI will empower these firms to compete more effectively for the engagement—and deposits—of the financial services consumers in their communities and beyond.

“The next generation of financial services will be built around personal relationships at massive scale,” the company noted in a rebrand announcement on its website. “The winners will not be the institutions with the biggest balance sheets, but the ones that can give every customer a banker in their pocket, available across every channel, with the context to help and the judgment to know when a human should step in.”

As OmniAI, Monumint made its Finovate debut at FinovateFall 2025 in New York. The company showed how its AI agents for lending accelerate borrower onboarding, delivering faster responses and fewer delays for borrowers, as well as fewer drop-offs and cleaner data to enable lenders to make faster, smarter credit decisions. Each agent is trained on the financial institution’s workflow, guiding applicants from intake through to underwriting-readiness, gathering documents, verifying data in real time, asking contextual questions, and escalating issues as needed to human professionals.

Monumint is a Y Combinator alum, joining the accelerator as a member of the Winter 2024 cohort. Tyler Maran (CEO) and Anna Pojawais (CTO) are the company’s co-founders.

Photo by K. Mitch Hodge on Unsplash

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Ariel Leachman of Bluum Finance on the Rise of Embedded Investing

Ariel Leachman of Bluum Finance on the Rise of Embedded Investing
By David Penn Posted on
Categories: Alumni profile, Bluum Finance, Interview

Credit union members and community banking customers readily trust their credit unions and community banks with their capital when it comes to saving and borrowing. But what about investing? In most instances, those same members and customers will seek out other institutions and businesses when it comes to investing for the future and managing their wealth.

What if credit unions and community banks instead could keep those members and customers by catering to their investing and wealth management needs? How might this positively impact customer and member relationships and deepen engagement?

This week, our Finovate First-Timers series features Ariel Leachman, Co-founder and Chief Operating Officer at Bluum Finance. Headquartered in Los Angeles, California and founded in 2025, Bluum Finance offers a unified platform for embedded wealth management and investing, providing brokerage and AI-powered advisory infrastructure via APIs. The company combines multi-asset, multi-market brokerage, custody, and reporting in a single integration, enabling credit unions, banks, and fintechs to offer seamless investing experiences for their members and customers. Bluum Finance made its Finovate debut at FinovateSpring 2026 in San Diego. Co-founder Ope Sonusi is CEO.

In our conversation, Leachman discusses the opportunity that credit unions and community banks have by integrating investing and wealth management capabilities directly into their existing platforms. Leachman also explains how Bluum Finance streamlines the process for smaller financial institutions, delivering access to a range of asset classes and international markets via a single API. Finally, she shares her thoughts on what it will take to make cross-border investing as easy and commonplace as cross-border payments.

What problem does Bluum Finance solve and who does it solve it for?

Ariel Leachman: Credit unions, community financial institutions, and consumer fintechs have built strong relationships with their customers. The challenge is that when those customers are ready to start investing and building wealth, they often have to leave for another platform. Bluum enables fintechs and financial institutions to launch investing and wealth management directly within their existing platform, enabling them to expand their offering, generate new revenue, and strengthen customer relationships.

How does Bluum solve this problem better than other companies?

Leachman: Many embedded investing platforms focus primarily on trade execution. We take a broader approach by combining multi-asset investing, AI-powered wealth management, and the underlying brokerage infrastructure in a single platform. Rather than having to stitch together brokerage, custody, compliance, reporting, and portfolio guidance from multiple providers, our partners can launch through one API while we manage much of the complexity behind the scenes. Our platform also supports a range of asset classes and international markets, giving financial institutions a single platform to help their customers build diversified investment portfolios.

Who are Bluum’s primary customers and how do you reach them?

Leachman: Our primary customers are consumer fintechs, community banks, and credit unions that want to add investing and wealth management to their existing product offering without the high cost and operational lift of building a brokerage platform from scratch. Most of these institutions already have strong customer relationships and are looking for practical ways to expand their offering while keeping the experience simple for both their teams and customers. We primarily reach them through direct relationships, strategic partnerships, and industry events like Finovate.

Can you tell us about a favorite implementation or deployment of your technology, or a particularly valuable partnership experience?

Leachman: One of the most rewarding parts of building Bluum has been working with financial institutions that genuinely want to help their customers build long-term wealth. Credit unions, in particular, have earned a tremendous amount of trust within their communities. Helping them extend that relationship beyond everyday banking into investing feels especially meaningful because it allows more people to access wealth-building tools through an institution they already know and trust.

What in your background gave you the confidence to respond to this challenge?

Leachman: As co-founders, we’ve spent years working in financial services and technology before launching Bluum. My co-founder, Ope Sonusi, spent his career building fintech platforms for US and international markets, and I spent my career in investment banking and private equity, building deep expertise in capital markets, investment products, and financial institutions. As we spent more time speaking with financial institutions and fintechs, one thing became clear: many wanted to offer investing, but the infrastructure required to do it was too costly and complex. That insight became the foundation for building a platform like Bluum Finance.

You demoed at FinovateSpring in May of this year. How was the experience?

Leachman: FinovateSpring was a great experience. It gave us the opportunity to demo the Bluum platform and engage directly with credit unions, community financial institutions, fintechs, and industry leaders to better understand their priorities around investing, wealth management, and member engagement. The event reinforced our view that embedded investing and wealth management are becoming essential components of the modern digital banking experience, and that financial institutions are looking for simple, compliant solutions they can bring to market quickly.

You have talked about the opportunities in frontier and emerging markets and how the challenge is making cross-border investing as seamless as cross-border payments. Can you elaborate on this idea?

Leachman: Cross-border payments have become dramatically easier over the past decade. Today, a financial institution can enable cross-border payments through a single integration without having to build the underlying infrastructure. Cross-border investing hasn’t evolved in the same way. Offering investment access across markets still requires coordinating brokers, custody providers, regulatory requirements, and reporting, which creates a lot of complexity.

Our goal is to simplify that experience so financial institutions can offer access to both US and international markets without having to manage the high cost and onerous operational lift themselves. We believe the next evolution of financial services will make cross-border investing as seamless and accessible across global markets.

What are your goals for Bluum Finance over the balance of 2026 and into next year?

Leachman: We are focused on growing our partnerships with financial institutions, consumer fintechs, and credit unions. We’ve seen strong interest from institutions that want to offer investing but don’t want to build and operate the infrastructure themselves, so we’re focused on helping more partners bring those capabilities to market. We’re also excited about expanding the range of investment opportunities available through Bluum, including private markets and digital assets.

Photo by PiggyBank on Unsplash

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Fenergo Launches AI Agent Orchestration Platform

Fenergo Launches AI Agent Orchestration Platform
By Julie Muhn (@julieschicktanz) Posted on
Categories: Alumni profile, Fenergo

Digital banking and client lifecycle management solutions provider Fenergo has launched Fen-AI, an agentic AI orchestration platform for banks. The Ireland-based company built Fen-AI to enable banks to automate routine client onboarding, due diligence, and ongoing compliance tasks while keeping human reviewers in control and maintaining an audit trail.

“Risk moves in real time and regulation evolves continuously,” said Fenergo CEO Marc Murphy. “Yet the work of compliance still depends on review cycles built for a slower world. Fen-AI changes that. We’re enabling institutions to move from periodic control to continuous control, delivering faster client onboarding, greater operational efficiency, and stronger compliance without increasing risk or headcount.”

Fen-AI uses an Agent-to-Agent (A2A) Interoperability Framework that allows banks to connect to Fenergo and third-party agents through a single interface. The platform authenticates requests, preserves context across handoffs, and attributes each completed action. Each outcome, along with its audit trail, is captured using the Fen-X Legal Entity System of Record.

In addition to the audit trail, Fen-AI also reports on the value created by agentic capabilities. The reports enables teams to monitor the tasks completed by agents, the number of analyst hours saved, the amount of manual activity avoided, and more to identify where more automation or controls may be beneficial.

Fen-AI powers Fenergo’s KYRA, an agentic workforce that coordinates banks’ internal AI-driven activity. With KYRA, every action, source, decision, and rationale is recorded as agents complete tasks. By automating processes using an agentic workforce while keeping a record of decisions and rationales, banks can increase the speed and scale of their CLM and KYC operations.

“AI in financial institutions will succeed only if it’s built on trust. Regulators will not accept ‘the AI decided’ as an answer,” said Fenergo President and COO Hishaam Caramanli. “That is why we built governance into the foundation of Fen-AI from day one. Every action is attributable. Every decision is explainable. Every outcome is anchored to a trusted system of record. We are creating a new category for regulated industries: the governed agentic workforce.”

Founded in 2009, Fenergo showcased its client onboarding tool at FinovateEurope 2012. The company provides client lifecycle management, know your customer, onboarding, transaction monitoring, anti-money laundering, sanctions screening, and regulatory compliance tools to more than 40% of the world’s top 50 banks and over 110 financial institutions.

While today’s release includes six automation agents, Fenergo noted that additional Fen-AI capabilities will be introduced in the coming quarters.

For banks, Fen-AI can help make their AI agents more useful in a regulated environment. Banks have been cautious about deploying agentic AI in compliance because they must be able to explain how decisions were made, identify which system or agent took an action, and produce evidence for regulators. With Fen-AI, banks can use agents to onboard more agents and implement continuous oversight without adding staff.

The platform could also make it easier for banks to adopt AI from multiple vendors without losing control over how agents share information or complete tasks. Ultimately, however, Fen-AI’s impact will depend on how reliably the agents perform, how smoothly Fen-AI integrates with banks’ existing systems, and whether institutions can demonstrate measurable efficiency gains without weakening compliance controls.

Photo by Brett Sayles

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CSI Acquires Qolo for Undisclosed Amount

CSI Acquires Qolo for Undisclosed Amount
By Julie Muhn (@julieschicktanz) Posted on
Categories: Alumni News, Alumni profile, Mergers & Acquisitions, Qolo

Fintech solutions provider CSI has acquired payments infrastructure and treasury solutions provider Qolo for an undisclosed amount.

CSI anticipates that the acquisition will strengthen its commercial banking solutions by offering its community financial institution clients more flexible deposit structures and expanded commercial card programs. Adding Qolo’s existing clients to its own roster will also extend CSI’s geographical reach.

More specifically, CSI will use Qolo’s technology to serve as the orchestration layer across payments, accounts, and workflows. The Kentucky-based company will integrate with CSI’s core banking platform, digital banking solution, and broader API capabilities to bring community financial institutions prepackaged, pre-integrated commercial banking solutions, including:

  • A real-time account ledger that gives banks and businesses instant visibility into balances, transactions, and authorizations.
  • Multi-rail payment orchestration that offers a unified payment engine to orchestrate domestic and international money movement across multiple payment rails and business workflows.
  • Enhanced card capabilities that expand integrated issuing and processing across debit, prepaid, virtual, and secured corporate credit card programs.

Qolo, which demoed at FinovateFall 2022, was founded in 2018 with the aim of simplifying payments through a unified infrastructure layer. Its platform combines an embedded ledger, card issuing, money movement, real-time reconciliation, and cross-rail connectivity into a single API. Rather than requiring banks to replace legacy cores, Qolo overlays its technology on top of existing systems, enabling institutions to deploy new payment capabilities in months, not years.

CSI said that the combined company will remain focused on serving community financial institutions with new ways to attract, retain, and grow customer relationships by offering modern commercial banking capabilities typically found at large banks. Keeping up with current, constantly changing technology can help small community banks compete more effectively with banks that have large R&D budgets.

“Community financial institutions are built on trusted relationships, local expertise, and deep knowledge of their markets,” said CSI President and CEO Nancy Langer. “But businesses in their communities also need sophisticated banking capabilities that simplify and fit more naturally into their day-to-day financial operations. With Qolo, CSI is helping community banks bring those capabilities to market in ways that help them grow commercial relationships and become more central to how businesses operate. At the same time, it expands our ability to support fintechs and B2B payments providers as demand grows for financial services embedded directly into everyday business workflows.”

For community banks, the acquisition is less about adding another payments tool and more about simplifying how commercial banking services are delivered. As businesses increasingly expect real-time payments and integrated treasury capabilities, banks are looking for unified platforms that reduce technology complexity while enabling them to embed financial services more naturally into their customers’ day-to-day operations.

“The line between traditional banking and embedded finance is becoming increasingly blurred,” said Qolo Co-founder and CEO Patricia Montesi. “Whether you’re a community bank modernizing your commercial offering or a fintech building embedded finance products, you’re often running into the same challenges: fragmented vendors, disconnected payment rails, and manual workarounds that limit growth. By joining CSI, we can invest more deeply in the infrastructure that powers modern financial experiences and help our customers become a more seamless part of how businesses manage and move money every day.”

In an interview at FinovateFall last year, I sat down with Montesi to discuss how the company helps modernize payments infrastructure. “We set out to build an entire, comprehensive payments stack that includes ledger, card, payments, virtual account management—everything all available through a single API served up to you so that you can then focus on your customers,” said Montesi.

Rather than replacing legacy cores outright, banks are increasingly layering modern payments, ledger, and treasury capabilities on top of existing infrastructure. Qolo built its platform around that philosophy, making it a natural fit for CSI’s strategy of helping community financial institutions modernize without undertaking large-scale core replacements.

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Meniga Launches New Conversational LLM Product

Meniga Launches New Conversational LLM Product
By Julie Muhn (@julieschicktanz) Posted on
Categories: Alumni News, Alumni profile, Meniga

Personal finance solutions fintech Meniga launched a new product called Fini, an MCP server that enables banks to bring agentic AI into their existing platforms.

Fini, which was built with the input of five large banks, serves as the bridge between a bank’s preferred large language model (LLM) and Meniga’s personal finance, enrichment, and insights capabilities. Rather than building its own AI model, Meniga enables banks to pair Claude, GPT, Gemini, or another LLM with the company’s financial intelligence platform, allowing customers to ask questions about their finances in natural language within the bank’s website or mobile app.

Founded in 2009, Meniga serves over 100 million banking customers across 30 countries. The UK-based company’s clients include UniCredit, Groupe BPCE, UOB, Swedbank, SAB, Tangerine, and Riyad Bank. Meniga’s intelligence and personalization layer helps banks turn financial data into insights and proactively anticipate customer needs, promoting engagement.

Meniga anticipates that this conversational interface will benefit banks by engaging with consumers on a deeper level, increase satisfaction, lower support costs, and offer insights into customers’ individual needs. The new tool also meets consumers where they are, especially as their preferences shift away from features and towards conversational interfaces that offer instant, personalized answers.

“The banks that win agentic banking will be the ones that ground their conversational layer in real financial context. Not a generic chatbot, but an assistant that actually knows a customer’s spending patterns, their goals, and their upcoming bills, and is able to act on them,” said Meniga CEO Raj Soni. “With Fini, banks can enter the AI-agent era on the platform they already trust, without rebuilding what’s underneath, and without their data ever leaving the bank.”

Beyond answering questions, Fini supports agentic AI workflows that allow customers to complete certain banking tasks, like opening new accounts or setting up automatic transfers, directly within the conversation. This eliminates the need to navigate to separate screens.

Because Fini is model-agnostic, banks can build their AI assistants on Claude, GPT, Gemini, or their own proprietary model while relying on Meniga to provide the underlying financial context. Banks also retain control over their own guardrails, identity and access controls, and customer data, which never leaves the bank.

Meniga’s launch is similar to those of other fintechs racing to capture the LLM opportunity for consumer financial management. Rather than developing proprietary large language models, banks are increasingly viewing AI as a layered architecture. Foundation models such as Claude, GPT, or Gemini provide the conversational interface, while companies like Meniga provide the financial intelligence needed to ground those conversations in a customer’s actual spending patterns, cash flow, subscriptions, and financial goals. This approach enables banks to adopt new AI models as they emerge without rebuilding the personal financial management capabilities that differentiate their customer experience.

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Marco Ma of Ventus AI on Transforming Data into Behavioral Intelligence

Marco Ma of Ventus AI on Transforming Data into Behavioral Intelligence
By David Penn Posted on
Categories: Alumni profile

For our latest installment of Finovate First-Timers, a new series profiling companies that recently made their debuts on the Finovate stage, we catch up with Marco Ma, Co-Founder and CEO of Ventus AI. Ventus AI helps banks personalize every touchpoint across the customer journey, boosting engagement, lifetime value, and assets under management.

The company’s technology transforms raw transaction data into a cross-categorized behavioral intelligence layer that spans more than 3,000 spending subcategories to surface life events, dynamic personas, and real-time intent signals. Founded in 2025 and headquartered in New York, Ventus AI demoed its technology at FinovateSpring 2026 in San Diego, California.

In this week’s conversation, Ma talks about the challenges banks and credit unions face when it comes to leveraging data to create better, more personalized experiences for customers and members. He explains how Ventus AI plugs into existing stacks to provide a new analytics layer that delivers answers to questions about customer preferences and pain points without building anything new.

What problem does Ventus AI solve and who does it solve it for?

Marco Ma: Banks sit on enormous volumes of transaction data, but most of it stays trapped as raw, messy records their teams can’t actually read. The result is a lose-lose: customers get served demoralizing generic experiences which leads to lost relationships and deteriorated customer economics. We solve this for banks and credit unions that want to understand and serve their customers more deeply.

How does Ventus AI solve this problem better than other companies?

Ma: We built a proprietary customer intelligence and personalization engine. It works across every account and payment rail and detects the full picture: lifestyle patterns, life-event triggers, financial vulnerability signals, and semantic budgeting. Where most tools stop at cleaning up a merchant name, we surface what’s actually happening in a customer’s life, and we deliver it into the tools banks already use rather than asking them to rip anything out.

Who are Ventus AI’s primary customers, and how do you reach them?

Ma: US financial institutions, with our initial focus on banks and credit unions in the $1 billion to $50 billion asset range, alongside an active enterprise pipeline. We reach them through industry programs and conferences like Finovate and the Fintech Sandbox network, direct relationships built by the founding team, and warm introductions through our advisors and ecosystem partners.

Can you tell us about a favorite implementation or partnership experience?

Ma: Our favorite work is on rewards and deals. The insight that makes it special is that the same offer can mean completely different things to different people. People don’t wake up one day and say “I want to shop at Crate & Barrel.” Some people want a new coffee machine, some people want a new side table. Because we understand the behavior behind the spend, the bank can present the same deal in the way that actually resonates with each person, turning a generic coupon book experience into something that feels personal.

What in your background gave you the confidence to respond to this challenge?

Ma: We have a strong founding team with backgrounds spanning Visa, McKinsey, AWS, and Credit Suisse, along with prominent advisors from the banking world. That mix of payments, data, and institutional banking experience meant we understood both the technical problem and the way banks actually buy and adopt technology.

You demoed at FinovateSpring in May. How was the experience?

Ma: It was a great moment for us. Banking is deeply personal. It touches the most important moments in people’s lives, and our hero demo follows an expecting-parent spending pattern across rails to show we can extract major life event signals and orchestrate the existing tech stack—rewards, product, relationship—to be personalized to help this customer through this journey. Demoing that live on the main stage reminded us why this matters: done right, this technology lets a bank show up for someone at exactly the moment it counts. We’re returning for the Fall show.

You were accepted into the Fintech Sandbox Data Access Residency. What is it, and why does it matter?

Ma: Fintech Sandbox gives early-stage fintech companies access to high-quality financial data and infrastructure to build and refine their products. For us, it’s meaningful because behavioral intelligence is only as good as the data it learns from. The residency accelerates our ability to develop and validate our engine against real, rich datasets, which directly strengthens what we deliver to banks.

What are your goals for the rest of 2026 and into next year?

Ma: Grow our pipeline through business development, move active conversations into live deployments, return to the Finovate main stage in the Fall, and close our current funding round. Beyond that, we’re heads-down building, deepening the behavioral signal we deliver and expanding what banks can do with it.

Photo by Floriane Vita on Unsplash

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3forge Unveils Application Fabric for Finance, 3forge Enterprise

3forge Unveils Application Fabric for Finance, 3forge Enterprise
By David Penn Posted on
Categories: 3forge, Alumni profile

For companies involved in the business of empowering developers to build business-critical fintech applications, the world has changed a great deal over the past decade. From the rise of AI to a sea-change in regulatory priorities that has increased scrutiny on third-party relationships, fraud and risk management, consumer data protections, and more, the task of providing fintech developers with the tools they need to innovate has only become more challenging.

This makes the recent news from 3forge, a New York-based fintech that has been empowering fintech designers and developers for 15 years, all the more interesting.

“We started 3forge in New York, in 2011, to build a transformative platform enabling your designers and developers to build applications in a fraction of the time and cost, with a focus on business-critical scale, performance, and interoperability,” 3forge Founder and Chief Technology Officer Robert Cooke said from the Finovate stage at the beginning of the company’s Finovate debut in 2022.

Today, the New York-based fintech announced the launch of its application fabric for finance. 3forge Enterprise unifies real-time data, business logic, AI, and application development in a single operational environment. This gives financial institutions a production-ready continuum from data to deployed application. 3forge Enterprise provides a data gateway that unifies current-state access to real-time and historical tables, streams, and procedures across data nodes in the 3forge fabric. The technology enables developers and applications to publish, subscribe, query, and insert data via native connectivity in Java, Python, and C++, and provides failover support and integrations across JDBC, Pandas, and SQLAlchemy libraries. 3forge Enterprise also provides MCP server and AI agent access, live prompting and agentic development, and an operations hub that centralizes the management of 3forge deployments.

“For years, financial institutions treated data platforms, business logic, and applications as separate architectural domains,” Cooke said. “That separation made sense operationally, but it is increasingly inefficient for high-value capital markets workflows. As AI raises the stakes, models and agents need more than disconnected data estates and fragmented application logic.”

3forge Enterprise uses three layers to transform platforms into an enterprise-wide fabric for financial systems: a governed real-time intake and exhaust layer for financial data, an application engine and AI-assisted development layer for building and running financial workflows that helps users move from data to production, and an operational control layer to facilitate managing deployments at scale. Combined, these layers enable vendor platforms, internal systems, and AI-powered applications to access real-time and historical data via unified queries, streams, APIs, and agents. At the same time, 3forge Enterprise preserves the entitlements, auditability, and production controls needed for capital markets.

“An application fabric brings data, decisions, execution, AI, and applications onto the same controlled, auditable foundation,” Cooke explained. “For tier-one financial institutions, 3forge Enterprise provides a way to extend and modernize complex existing infrastructure. For mid-market banks, broker-dealers, hedge funds, and asset managers, it provides access to a production-ready application fabric without having to build one from scratch.”

Founded in 2011 and headquartered in New York, 3forge made its Finovate debut at FinovateFall 2022. At the conference, the company showed how its Full Stack Enterprise platform enables developers to quickly build customized business-critical solutions with an emphasis on workflow transparency, real-time visualization, and data discovery without limitation.

Photo by Vincenzo Marotta on Unsplash

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WALLETTO Taps AMLYZE to Advance AML Compliance

WALLETTO Taps AMLYZE to Advance AML Compliance
By Julie Muhn (@julieschicktanz) Posted on
Categories: Alumni News, Alumni profile, AMLYZE, Daily news

Financial crime innovator AMLYZE announced this week that fellow Lithuanian company WALLETTO has selected it to strengthen its anti-money laundering (AML) and counter-financial terrorism (CFT) capabilities.

AMLYZE was founded in 2019 to help fight financial crime with a range of SaaS-based products that cover real-time and retrospective transaction monitoring, customer risk assessment, AML/CFT investigations, sanctions, PEP, and adverse media screening.

WALLETTO will integrate AMLYZE’s AML/CFT platform to help reinforce its compliance framework. WALLETTO will leverage the full AMLYZE product suite, including Transaction Monitoring, Customer Risk Assessment, AML Investigations, Customer Screening, and Payment Screening.

“At WALLETTO, maintaining the highest standards of compliance, security, and operational resilience is a fundamental part of our long-term growth strategy,” said WALLETTO Member of the Management Board Migle Soltysiak.

WALLETTO was founded in 2017 to offer solutions for card issuance, acquiring, and electronic payments such as SEPA and SWIFT services. The company is an e-money institution (EMI) regulated by the Bank of Lithuania and holds partnerships with Visa and Mastercard to help businesses scale their payments services without having to worry about compliance.

For AMLYZE, which demoed at FinovateEurope 2024, partnering with WALLETTO will help it expand into the Baltic region. “Welcoming WALLETTO to our client portfolio is a particularly meaningful milestone for us,” said AMLYZE CEO and Co-Founder Gabrielius Erikas Bilkštys. “WALLETTO is one of the largest fintechs in Lithuania, and this partnership reflects our commitment to the Baltic market, which we consider our home. We are proud to be the compliance partner of choice for leading institutions in this region and to continue growing our portfolio of clients served here.”

The partnership comes as compliance infrastructure is becoming not only a regulatory requirement but also a competitive differentiator. As fintechs expand internationally, launch additional payment capabilities, and face more regulatory scrutiny, demand is growing for specialized platforms capable of managing complex financial crime workflows. For AMLYZE, landing one of Lithuania’s largest fintechs shows that newer compliance providers can increasingly compete for traditional financial institutions rather than only smaller customers.

Photo by Pixabay

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Regtech Eisen Raises $18.5 Million to Streamline Escheatment

Regtech Eisen Raises $18.5 Million to Streamline Escheatment
By David Penn Posted on
Categories: Alumni profile, Eisen, Funding

Eisen, a fintech that specializes in end-to-end escheatment and unclaimed property compliance automation, has secured $18.5 million in funding. The capital comes in the form of a $10 million Series A led by MissionOG and a previously unannounced $8.5 seed round led by Index Ventures. Cowboy Ventures, First Round Capital, Homebrew, and Restive Ventures also participated in the investment.

Eisen innovates in an often-overlooked area of financial services: escheatment and the recovery of unclaimed property. State law requires that abandoned funds eventually be turned over to the government in a legal process called escheatment. While each state has its own rules regarding dormancy periods, notice requirements, and remittance deadlines, the concept of escheatment is designed to help protect consumers when financial institutions lose track of them. Nevertheless, the process of retrieving those assets can be both complex and cumbersome. As such, it is little surprise that more than 30 million Americans have unclaimed property in state custody, with states holding a combined $70 billion in consumer assets: from retirement accounts and life insurance proceeds to forgotten savings accounts and emergency funds. Out of all of this, only $4.5 billion was returned to owners in 2024.

In response, Eisen’s technology streamlines the compliance lifecycle from dormancy tracking and due diligence through to state reporting, remittance, and audit defense. The company offers a Tax Compliance Suite to support 1099 filing, TIN matching, and B-notice handling, as well as disbursement services. This reflects the firm’s evolution beyond improving the escheatment process and a recognition that many of the same issues that plague escheatment also impact other compliance operations.

“We started with escheatment because the gap there is the widest, but the same operational pattern shows up across the compliance stack,” Eisen Co-founder and CEO Allen Osgood wrote in a blog post announcing the investment. “Eisen’s platform now covers escheatment, disbursement, and 1099 reporting. Operational teams use Eisen to replace manual work and prevent dormant-account risk. Executives use it to reduce regulatory exposure, retain customer assets, and protect customer trust.”

Last year, Eisen prevented more than 31% of at-risk assets from being lost to state custody. The company monitors nearly $16 billion in balances across tens of millions of accounts at firms including Adyen, Binance.US, BitGo, and PeoplesBank. Eisen’s platform integrates state-by-state requirements directly into account operations, enabling financial institutions to identify dormancy risk earlier, reduce manual compliance work, and keep more customer assets in customer accounts.

“Every dollar in state custody represents a real person who never expected their money to disappear,” Osgood added. “The rules governing dormant assets weren’t built for crypto wallets, fintech platforms, or digital-first banking. Most institutions are sitting on 5x to 10x more liability than they realize. Eisen prevents that loss before it happens.”

Founded in 2021, Eisen made its Finovate debut at FinovateFall 2024 and returned to the Finovate stage earlier this year at FinovateSpring 2026 in San Diego. At the conference, the company demonstrated its Eisen Dashboard, a real-time compliance command center that features account-level detail views with state-specific rules, eligibility and due diligence tracking by reporting year, a disbursement hub with daily reconciliation and fraud protection, and an outreach hub to manage owner communications. Eisen is headquartered in New York.

Photo by Kanhaiya Sharma on Unsplash

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KeyBank Deepens Ties with Qolo to Launch New Virtual Card Program

KeyBank Deepens Ties with Qolo to Launch New Virtual Card Program
By Julie Muhn (@julieschicktanz) Posted on
Categories: Alumni News, Alumni profile, Qolo

KeyBank is launching a new commercial card program this week. The Ohio-based bank is deepening its partnership with card issuing company Qolo to launch its Key Virtual Card (KeyVC), a virtual commercial card program that helps businesses manage and track payments. 

“KeyVC is designed to reduce that complexity by allowing clients to use virtual cards alongside other treasury tools, with consistent reporting and simplified reconciliation across payment types. Businesses want payment tools that fit naturally into how they already operate,” said Qolo Chief Operating Officer Rouzbeh Rotabi. “Working with KeyBank, we’ve built a virtual card solution that feels like a seamless part of the treasury environment–giving finance teams more flexibility, stronger controls, and clearer insight into their spending.”

KeyVC will enable KeyBank’s commercial clients to create and manage virtual cards within the bank’s Virtual Account Management platform (KeyVAM). Adding virtual cards to their existing treasury management tools will offer KeyBank’s commercial clients a way to pay suppliers while maintaining oversight of spending and facilitating reconciliation.

“Commercial clients are increasingly looking for simpler and more controlled ways to manage payments,” said KeyBank Head of Commercial Cards John Withrow. “By expanding our partnership with Qolo, we’re making virtual cards easier to use within our existing treasury platforms, helping clients streamline accounts payable, improve visibility, and maintain better control over how and when money is spent.”

Qolo, which demoed at FinovateFall 2022, was founded in 2018 with the aim of simplifying payments through a unified infrastructure layer. Its platform combines an embedded ledger, card issuing, money movement, real-time reconciliation, and cross-rail connectivity into a single API. Rather than requiring banks to replace legacy cores, Qolo overlays its technology on top of existing systems, enabling institutions to deploy new payment capabilities in months, not years.

In an interview at FinovateFall last year, I sat down with Patricia Montesi, Qolo Founder and CEO, to discuss how the company helps modernize payments infrastructure. “We set out to build an entire, comprehensive payments stack that includes ledger, card, payments, virtual account management—everything all available through a single API served up to you so that you can then focus on your customers,” said Montesi.

Qolo and KeyBank have worked together since 2024, when the two launched KeyVAM. Expanding this partnership will enable KeyBank to prioritize embedded payment experiences inside treasury workflows, rather than offering standalone payment tools. Qolo’s API-based approach will allow KeyBank to avoid a core overhaul while still providing modern card-based capabilities.

Embedding virtual cards within treasury environments shifts competition from facilitating payments to providing a more holistic workflow solution. The integrated approach brings payment tools directly into how finance teams manage liquidity, reconcile transactions, and control spend.

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