Fintech Rundown Archives

Fintech Rundown: A Rapid Review of Weekly News

By David Penn Posted on May 27, 2025
Categories: Eltropy, Fenergo, Fintech Rundown, Plaid, Sikoia, WorldPay

As the holiday-shortened week begins, we’re learning that analysts expect UK hiring in fintech to boom in 2025. Meanwhile in the US, is the CFPB about to “86” open banking?

We’ll keep you covered on all the latest fintech news here in Finovate’s Fintech Rundown!

Payments

Fintech platform Adyen goes live with Tap-to-Pay on iPhone in seven European markets.

Flywire accepted into global luxury travel group Virtuoso.

Palla secures $14.5 million Series A funding to drive expansion and innovation in cross-border payments.

DeFi / Crypto

Worldpay teams up with BVNK to offer stablecoin payouts.

Volante Labs launches Volante Card, a Web3-enabled prepaid card for salary payments.

Cryptocurrency exchange Bitget unveils yield-bearing stablecoin asset, BGUSD.

Garanti BBVA Crypto goes live with its new mobile app.

Investing / Wealth Management

River Valley Credit Union partners with InvestiFi to offer cryptocurrency and securities investing.

Blend360 and Fin Capital partner to accelerate enterprise innovation.

Hidden Road launches digital asset swaps prime brokerage for the US market.

Identity management

Identity verification specialist Sikoia wins the 2024 Innovation Labs programme, along with Credit Canary and Aperidata.

Metro Credit Union partners with Illuma to enhance security and streamline member authentication.

Communications

Eltropy launches office phone to unify telephony for CFIs.

Customer data

Plaid introduces Transactions for Business to help power real-time business tools.

Fraud and security

ParaScript enhances check fraud detection capabilities with advanced endorsement reading feature.

Fenergo launches FinCrime operating system with Agentic AI layer to supercharge productivity.

Photo by Rohi Bernard Codillo

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Fintech Rundown: A Rapid Review of Weekly News

By David Penn Posted on May 19, 2025
Categories: Fenergo, Fintech Rundown, PayPal, Ripple, TreviPay, Tuum

The UK is looking to regulate Buy Now, Pay Later lenders. Meanwhile in the US, the Consumer Financial Protection Bureau is reducing fines on previous enforcement actions. It’s a tale of two very different regulatory trends depending on which side of the Atlantic you’re on.

We’ve got the latest regtech news along with the rest of the top headlines in fintech right here in this week’s edition of the Fintech Rundown!

Payments

Ripple reports that Zand Bank and fintech platform Mamo have deployed its blockchain-enabled payments solution, the first UAE-based financial institutions to do so.

French fintech Next Generation chooses enterprise platform Fireblocks to power its payment ecosystem.

Global Payments unveils new POS command center for business operations, Genius.

PayPal launches its Complete Payments service in Singapore.

Albertsons Companies offers invoice-based payment for its business customers courtesy of its partnership with TreviPay.

AAA Life Insurance partners with payments network One Inc. to support digital payment processing.

Digital banking

Finovate Best of Show winner Tuum launches suite of Islamic Banking solutions to enable financial institutions to offer more Sharia-compliant banking products.

Fraud prevention

Money and safety app for families, Greenlight, introduces Family Shield to help caregivers protect seniors from financial fraud.

Identity verification and fraud prevention services provider AU10TIX launches continuous AML risk monitoring.

MRI Software integrates Nova Credit’s Income Navigator into its fraud prevention and application qualification solution.

DeFi / crypto

Non-custodial stablecoin wallet MiniPay is now available as a standalone application on iOS devices.

Investment / wealth management

U.S. Bank Global Fund Services turns to Fenergo to digitize and streamline its investor onboarding and service experience.

Regtech

Risk management company EverC launches its AI-powered risk assessment solution for marketplaces, Smart Scan.

Photo by Martin Damboldt

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Fintech Rundown: A Rapid Review of Weekly News

By Julie Muhn (@julieschicktanz) Posted on May 12, 2025
Categories: Blackhawk Network, Fintech Rundown, Fiserv, Stash, Tyfone

Between FinovateSpring taking place in San Diego and a busy news cycle, last week was a blur. Let’s see what this week has in store! We’ll continue adding news to this post throughout the week, so stay tuned!

Digital banking

Digital banking solutions provider Apiture teams up with Cornerstone Advisors to help financial institutions use data more strategically.

Caro Federal Credit Union partners with Tyfone to Enhance Digital Experience.

Byline Bank expands payments and fintech banking group to support embedded payment solutions.

Payments

Paysafe and Fiserv announce partnership expansion and initiatives to empower small and medium-sized businesses.

Blackhawk Network selects Coforge and ServiceNow to help with digitalizing and streamlining their dispute resolution management.

Ramp and Stripe deepen partnership to accelerate global commerce through stablecoin-backed cards.

Regulation

CFPB to withdraw 67 guidance documents.

Investing and wealth management

Investing app Stash secures $146 million in Series H funding in a round led by Goodwater Capital.

Eton Advisors enhances rebalancing and trading with intelliflo redblack.

Mortgagetech / Proptech

Egypt-based Nawy, the largest proptech in Africa, raises $52 million in Series A funding, as well as an additional $23 million in debt financing.

Financial literacy

Responsible lender Creditspring teams up with financial education platform Doshi.

DeFi / Crypto

US-based BitGo secures EU crypto custody license.

New Hampshire establishes Strategic Bitcoin Reserve, the first state in the US to do so.

Bhutan teams up with Binance and DK Bank to introduce a new nation-wide crypto payments system for tourists.

Dubai Finance inks a Memorandum of Understanding with Crypto.com to facilitate the payment of government services fees using cryptocurrencies.

Lending and Credit

Collections and credit risk management technology company AKUVO announces new partnerships with Sunrise Banks.

The Roof Resource partners with Further, a Union Credit company, to bring credit union financing at point of sale.

Security and identity

Oregon State Credit Union partners with Illuma to deploy IllumaSHIELD voice authentication technology.

Plaid rolls out major upgrades to its Identity Verification (IDV) product.

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Fintech Rundown: A Rapid Review of Weekly News

By Julie Muhn (@julieschicktanz) Posted on April 28, 2025
Categories: Alkami Technology, Fintech Rundown, Finzly, Kani Payments, Nubank, Payoneer

Fintech was relatively busy last week, and so was the Finovate events team. FinovateSpring makes its San Diego debut next week, kicking off on May 7, and our speaker roster is fabulous! Here’s a look at more of this week’s fintech news. We’ll continue adding news to this post throughout the week, so stay tuned!

Payments

Reporting, reconciliation, and compliance software company Kani Payments announced a strategic partnership with UK-based travel payments company Swiipr.

Payoneer invests $2 million over the next three years to support Endeavor, the Global Network of Trust of, by and for entrepreneurs.

Finzly’s AWS-powered platform Payment Galaxy completes a benchmarking initiative in collaboration with AWS, validating that it can handle large transaction volumes.

Thunes raises $150 million in Series D funding.

Business financial management

Versapay names Elizabeth Bramlage as Chief Marketing Officer.

Digital banking

NuMark Credit Union selects Alkami to power its digital banking platform.

Nubank’s Mexico arm receives regulatory approval from the Mexican National Banking and Securities Commission to begin the process of becoming a full-service bank.

Photo by fauxels

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Fintech Rundown: A Rapid Review of Weekly News

By Julie Muhn (@julieschicktanz) Posted on April 21, 2025
Categories: Fintech Rundown

After a turbulent couple of weeks in fintech, we’re starting this week with the news that Capital One’s $35 billion deal to acquire Discover has gained approval. This comes after last week’s positive news that Global Payments has agreed to acquire Worldpay. All of this proves that while fintech may be down, it is certainly not out. Here’s a look at more of this week’s fintech news. We’ll continue adding news to this post throughout the week, so stay tuned!

Payments

Blackhawk Network (BHN) has partnered with Monadnock Paper Mills to introduce Renovo, a new sustainable, fiber-based gift card substrate.

Toku raises $48 million Series A to grow its payments solutions in Latin America.

Digital banking

BrightStar Credit Union selects Jack Henry’s Symitar platform and complementary products to support its growth and deliver better member experiences.

Regulators approve Capital One’s $35.3 billion acquisition of Discover, minting the 8th largest US bank.

Velmie powers Sierra Leone’s first digital banking super app.

Lending

SoFi secures $3.2 billion expansion to its loan platform business across agreements with Fortress and Edge Focus.

Wealth management & investing

Sharia-compliant wealth creation platform Vennre introduces new Chief Product Officer Ahmed El-Sharkasy.

Clearwater Analytics finalizes acquisition of Enfusion.

Small business financial management

FundThrough acquires working capital platform Ampla.

DeFi

CompoSecure integrates Arculus with MoneyGram, marking the first hardware wallet to provide global cash in/cash out through Stellar.

Photo by Pixabay

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Fintech Rundown: A Rapid Review of Weekly News

By David Penn Posted on April 14, 2025
Categories: AMLYZE, Fintech Rundown, nCino, PayPal, Personetics

Happy Monday! If you need to step away from the fintech news to finish your income taxes this week, then don’t worry. Finovate’s Fintech Rundown will be here when you get back to make sure you’re informed and updated on the latest in fintech and financial services news.

Digital banking

Zions Bancorporation selects nCino as its technology platform.

Personetics introduces new Chief Revenue Officer Puneet Malhotra.

Payments

Pay by Bank platform Banked acquires consumer payments app VibePay.

PayPal forges a strategic partnership with money movement company TerraPay.

Paysera announces strategic partnership with payee verification solutions provider iPiD.

On-demand pay provider Tapcheck raised $225 million in combined equity and debt financing.

Digital payment network Paysend teams up with Tink to enhance its open banking capabilities.

Identity verification and fraud prevention

AI-powered fraud platform Sift unveils updates to its Partner Program.

Anti-financial crime solutions company AMLYZE unveils its open knowledge initiative to standardize the fight against money laundering, AMLTRIX.

AU10TIX announces new CEO Yair Tal.

Regtech

Ozone API introduces guide to help banks and PSPs navigate Verification Of Payee (VOP) ahead of new regulations from the EU expected in October.

Crypto

Digital asset trading platform Currency.com appoints Konstantin Anissimov as its new CEO.

Bitcoin self-custody platform Theya launches Theya for Business, a bitcoin management solution.

Neonomics integrates its open banking payments solution into Ovoro’s crypto platform.

Financial wellness

Smart money app Plum raises £15m in debt financing from global financial group BBVA.

Investing and wealth management

Apex Fintech Solutions introduces new Chief Technology Officer Andrew Glenn.

Photo by Nataliya Vaitkevich

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Fintech Rundown: A Rapid Review of Weekly News

By David Penn Posted on April 7, 2025
Categories: Apex Clearing Corporation, Bluefin, Bluefin Payment Systems, Fintech Rundown, NTT Data, Topicus

The news that both eToro and Klarna have put a temporary hold on their separate IPO plans tells you all you need to know about the level of concern over the new Trump Administration trade and tariff policy. Regardless of the next twists and turns in the stock market, Finovate’s Fintech Rundown will be here all week with the latest in fintech news and updates.

Payments

Bluefin boosts security, flexibility with addition of network tokenization to its ShieldConex Tokenization-as-a-Service and Orchestration platforms.

Indian payment orchestration platform Juspay raises $60 million in Series D funding.

Airwallex enables business to receive and hold funds in Israeli Shekels (ILS) via its Global Accounts and multi-currency wallet.

The Financial Stability Board (FSB) establishes Forum on Cross-Border Payments Data.

Flywire deepens collaboration with Ellucian to deploy software and payment solutions.

Blackhawk Network launches new, exclusive branded payment services to help brands build and fully capitalize on their gift card programs.

Investing

Apex Fintech Solutions forges multi-year strategic partnership with Google Cloud.

Daffy is using AI to reshape the future of charitable giving.

Apex Group acquires FTS Tech, a leading software provider for the private markets.

Fraud prevention

Brighter Consultancy and NTT DATA partner to bring an end-to-end financial crime offering to market.

Metro Bank leverages technology from Ask Silver to provide customers with instant scam detection.

Digital banking

Topicus launches composable banking platform, Akkuro.

Sparebanken Norge and Tietoevry announce strategic partnership.

Plinqit surpasses $3 billion in deposits, unveils new website.

BCU signs with Jack Henry to leverage its cloud-based platform to support its long-term growth and commitment to delivering strong member service.

Accounting

French accounting software company Pennylane locks in €75 million to help firms prepare for a migration to electronic invoicing.

Wealth management

Appli launches special pricing initiative for small Credit Unions.

Photo by Julius Silver

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Fintech Rundown: A Rapid Review of Weekly News

By Julie Muhn (@julieschicktanz) Posted on March 31, 2025
Categories: Backbase, Blackhawk Network, DataVisor, Feedzai, Finastra, Fintech Rundown, Fiserv, Highnote, Jack Henry, Marqeta, Ocrolus, Salt Edge, SumUp, Wise

This week marks Eid al-Fitr, the festival celebrating the end of Ramadan and the breaking of a month-long fast. Similarly, the close of this quarter feels like fintech is breaking its own fast, with Klarna filing its IPO prospectus, Rocket Companies announcing major acquisitions of Mr. Cooper and Redfin, and regulatory frameworks beginning to ease in the U.S. As we enter into the second quarter, here’s a look at this week’s fintech news as we leave the time of fasting behind. We’ll continue adding news to this post throughout the week, so stay tuned!

Digital banking

Border Bank chooses Jack Henry for technology modernization.

Y-12 Federal Credit Union upgrades ATM fleet to enhance self-service banking with NCR Atleos.

Lending

Financial services document automation and analysis company Ocrolus announces strategic partnership with digital consultancy Entech.

Finastra‘s cloud-based loan document preparation system LaserPro unveils enhanced features and sees further adoption by community-based financial institutions.

Business financial management

Tesorio launches AI agent that autonomously manages portal-based invoicing.

Enterprise spend management platform Mendel closes $35 million Series B round led by Base10 Partners with participation from PayPal Ventures.

Open Banking

Backbase now enables customers to integrate open banking compliance solutions from Salt Edge.

Mortgagetech

Rocket Companies agrees to acquire Mr. Cooper Group in an all-stock transaction for $9.4 billion.

Payments

Ingo Payments chooses card issuing platform Marqeta as its issuer processing partner.

SumUp and FreedomPay partner to enhance payment capabilities for retail and hospitality sector businesses.

Wise Platform teams up with Brazilian bank, Itaú Unibanco, to enable instant global currency transfers.

PayJunction integrates with Zapier to help businesses build custom payment workflow automations.

Payments and financial services technology provider Fiserv launched Clover, its point-of-sale system and software platform, in Australia.

Viamericas launches open payment network in the Philippines.

Fraud prevention

Fraud and risk platform DataVisor introduces its first Chief Operating Officer, Tony Kueh.

Highnote teams up with Feedzai to integrate AI-powered fraud prevention technology into its acquiring business.

Loyalty and rewards

Rewards and branded payments provider Blackhawk Network partners with consumer loyalty program company Exchange Solutions.

Crypto and Defi

Crypto payments firm MoonPay unveils new Recurring Buys feature to enable customers in the US to automate repeat cryptocurrency purchases.

Wealth management

Global wealth platform Arta Finance launches its intelligent suite of AI agents, Arta AI.

Photo by Thirdman

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Fintech Rundown: A Rapid Review of Weekly News

By David Penn Posted on March 24, 2025
Categories: Alloy, Bluefin, ebankIT, Fintech Rundown, Truework

The first full week of spring is bringing news of partnerships in fraud prevention, lending, and insurtech as well as new product launches in regtech and payments. Be sure to check Finovate’s Fintech Rundown all week long for the latest in updates and announcements in fintech.

Fraud prevention and identity verification

Wisconsin-based community bank IncredibleBank partners with Alloy to enhance its account opening process.

Income and employment verification technology company Truework announces enhancements to its Truework Intelligence platform.

Regtech

Financial services compliance company Thistle Initiatives launches its integrated Risk Management as a Service (RMaaS) solution.

Vanquis Banking Group chooses FinScan to help optimize AML processes and strengthen financial crime risk management.

Lending

Independent asset finance provider Liberty Leasing selects Lendscape as its new contract management platform.

Insurtech

Voice-based risk assessment technology company Clearspeed teams up with insurance provider 1st Central.

Munich Re agrees to acquire digital insurance firm NEXT Insurance for $2.6 billion in cash.

Financial wellness

Arkansas announces new regulations for earned wage access (EWA) businesses.

Payments

Tietoevry Banking forges strategic partnership with customizable, tokenized payment card company Tapeeze.

Encryption and tokenization technology payments company Bluefin teams up with Printec Group to bring its PCI-validated, point-to-point encryption solution to retailers in Europe.

Somalia launches its first national instant payment system powered by BPC.

Blackhawk Network and Exchange Solutions partner to offer robust data-driven consumer loyalty program capabilities.

AstroPay expands access to multicurrency wallet across Latin America.

Splitit unveils first fully embedded white-label installment solution for Shopify merchants.

Grazzy teams up with U.S. Bank’s debit card program simplifies the way tipped employees earn and receive digital tips.

Digital banking

Canada’s largest federal credit union, Coast Capital, launches its new digital commercial banking platform courtesy of its partnership with ebankIT.

Credit Union 1 selects nCino to power omnichannel experiences for members.

Alkami and Greenlight partner to bring youth banking to financial services.

Crypto and stablecoins

Rain announces $24.5 million in funding led by Norwest to expand stablecoin-powered card issuing globally.

Custodia Bank and Vantage Bank issue bank-issued stablecoin on a permissionless blockchain.

Wealth management

BetaNXT and Fi-Tek introduce TrustWealthX.

Business banking

Blue Federal Credit Union partners with Lumin to Launch Blue Business Banking.

Photo by Travis Saylor

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Fintech Rundown: A Rapid Review of Weekly News

By Julie Muhn (@julieschicktanz) Posted on March 17, 2025
Categories: authenticID, Delfi Labs, Fintech Rundown, Fiserv, Insuritas, Mahalo Banking, MasterCard, SoFi

This is the week fintech has been anticipating for years. Klarna filed its F-1 prospectus document late Friday, anticipating it will raise at least $1 billion at a $15 billion valuation with its IPO. We won’t know the official valuation figures until Klarna prices shares, which may take around a month, however. While we wait, let’s dive into this week’s fintech news. We’ll continue adding news to this post throughout the week, so stay tuned!

Small Business Financial Management

Small business credit card and spend management platform Capital on Tap partners with bank payment firm GoCardless for Variable Recurring Payments (VRPs).

Levelpath joins Coupa App Marketplace with AI-powered procurement solution.

Insurtech

Insuritas integrates auto rates from Agency Insurance Company (AIC) into its embedded insurance platform.

Payments

Fiserv acquires Netherlands-based payment solutions provider CCV.

Wyndham collaborates with SoFi’s Galileo to launch the Wyndham Rewards Debit Card.

ICBA Payments and Mastercard partner to upgrade customer payment experiences for community banks.

AuthenticID and Authvia join forces to provide secure, frictionless digital payments.

Jack Henry and Moov to implement Mastercard Move to enable fast, seamless domestic payments.

ACI Worldwide and Ingo Payments to power faster, flexible digital disbursements.

Risk management

Delfi launches free risk management solution: Delfi Essentials.

Digital banking

Princeton Federal Credit Union goes live with Mahalo Banking’s Thoughtful Banking platform.

UK-based commercial digital bank for entrepreneurs OakNorth acquires Michigan-based Community Unity Bank.

ABNB Federal Credit Union chooses Eltropy’s AI-powered platform to modernize member communications.

Challenger banking

Nordic challenger bank Lunar tops one million user milestone.

Crypto / DeFi

Web3 non-custodial wallet Bitget Wallet partners with Cryptorefills to facilitate crypto payments for travel.

MoonPay acquires stablecoin infrastructure platform Iron.

Wealth management / Wealthtech

German wealthtech NAO announces a second closing of its seed funding round, bringing the funding total to €4.5 million.

Privacy and Security

BotGuard raises $49.2 million round B led by Dawn Capital, rebrands to Blackwall.

Ecommerce

Shopify transfers its US listing from the NYSE to the Nasdaq.

Credit and lending

Finastra unveils enhanced lending cloud service supported by IBM.

Credit risk management specialist AKUVO partners with Prosperity Bank to enhance the institution’s collections process.

Photo by Markus Winkler

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Fintech Rundown: A Rapid Review of Weekly News

By David Penn Posted on March 10, 2025
Categories: Alkami Technology, Blend, Expensify, Experian, Fintech Rundown, Flywire, FutureVault

The arrival of Daylight Savings Time in much of the West is yet another reminder that Spring is right around the corner. Here’s Finovate’s Fintech Rundown with some fintech news—including some funding and partnership news from a handful of long-time Finovate alums—to help you get caught up on the latest updates and announcements in our industry.

Wealth management and investing

Digital vault platform FutureVault secures $3 million in equity capital.

Clearwater Analytics to acquire Beacon and Blackstone’s Bistro to deliver investment intelligence across private markets.

Digital banking

American Eagle Financial Credit Union to deploy Alkami Technology’s Digital Banking Platform.

Lithuanian digital bank myTU raises €10 million in Series A funding.

Challenger bank Lunar launches app for kids and teens.

Payments

Zimpler and Swish team up to enhance payments for highly regulated industries in Sweden.

Boost Payment Solutions partners with TransferMate to enhance cross-border payment capabilities.

AuthenticID and Authvia join forces to Provide Secure, Frictionless Digital Payments.

Fortis received a joint investment from Audax Private Equity and existing investor Lovell Minnick Partners.

SEON launches new automated chargeback management solution.

Financial wellness

Augie unveils new credit card to help consumers build credit.

Open banking / open finance

Fintech Galaxy announces collaboration with the Central Bank of Jordan (CBJ) as part of its expansion in the country.

Business banking

Expensify, a financial management super app for expenses and corporate cards, launches new travel management tool, Expensify Travel.

Flywire acquires vertical software and payments platform for the hospitality industry Sertifi.

Lending and mortgage

Digital banking solutions origination platform Blend Labs forges partnership with verification of income and employment platform Truework.

Union Credit expands its partnership with Experian.

Tomo Mortgage raises $20 million with backing from Progressive Insurance.

Backend solutions

Worth secures $25 million investment led by TTV Capital to drive major enterprise growth and expand workflow automation solutions.

Dwolla announces the general availability of its expanded integration with Plaid, allowing its clients to leverage Plaid’s instant account verification and real-time balance check and pay-by-bank payments.

Digital identity

Microblink launches automated identity verification platform.

Photo by Pao Dayag

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Fintech Rundown: A Rapid Review of Weekly News

By David Penn Posted on March 3, 2025
Categories: Backbase, Bluefin Payment Systems, Fintech Rundown, NCR Corporation, SaveAway

The Finovate team is back from another successful FinovateEurope fintech conference. We will share our event reviews, including key moments and top takeaways, on the Finovate blog in the days to come.

In the meanwhile, the Fintech Rundown is here to help us all catch up on the latest fintech news and announcements.

Payments

Bluefin forges collaboration with Fiscal Systems to leverage PCI-validated point-to-point encryption to boost payment security and data protection in the fuel industry.

Cross-border payments company MANSA raises $10 million in funding.

Global payout orchestration platform PayQuicker expands its instant payout and local currency solution for clinical trialsto the UK and EU.

Digital banking and infrastructure

Backbase announces strategic partnership with digital transformation company, Siili Solutions.

Utah Community Credit Union (UCCU) joins NCR Atleos’ Allpoint Network.

Financial wellness

SaveAway announces 25 for 25 campaign, as well as a range of platform enhancements, ahead of the company’s return to SXSW.

Crypto / DeFi

Bay Federal Credit Union joins Metallicus’ Metal Blockchain Banking Innovation Program.

London-based Netmind.AI unveils its decentralized AI agent society, NetMind XYZ.

Risk management

Risk and business intelligence solutions provider SRA Watchtower raises $4 million in funding in a round led by FINTOP Capital, JAM FINTOP, and EJF Capital.

Photo by Tanathip Rattanatum

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