As digital transactions surge and cyber threats evolve, these tools offer fintechs, financial institutions and businesses advanced real-time fraud detection and risk management capabilities, addressing an industry in which 63% of financial firms reported an increase in fraud, with digital channels contributing to half of the total fraud losses.

Galileo Instant Verification Engine

Galileo Instant Verification Engine (GIVE) provides real-time verification of external bank accounts and ownership. Whether used as a standalone product or integrated with the Galileo Payment Risk Platform (PRP), GIVE delivers real-time insights that help businesses prevent fraud by quickly verifying account existence, status, and ownership before processing transactions.

GIVE is further enhanced by its integration with the Galileo Payment Risk Platform, which uses a sophisticated Transaction Decision Rules Engine. This engine applies customizable models, rules and profiles to each transaction, allowing for real-time, automated fraud prevention decisions tailored to the specific needs and risk appetite of each business.

The key benefits of GIVE are:

• Instant Account Verification: GIVE instantly verifies external bank account information, confirming its existence, status, and risk signals. This enables Galileo clients to make informed decisions when linking accounts or processing transactions, such as determining account status and risk associated with the account.
• Instant Identity Verification: GIVE ensures that only authorized individuals can transact by verifying the ownership of external bank accounts. It matches the account holder’s name and personal information — such as social security number (SSN), date of birth, and address — against the provided owner details, which is particularly useful for preventing identity fraud.
• Account Risk Profiling: By leveraging machine learning, the Galileo Instant Verification Engine generates risk scores that assess the probability of ACH returns and non-sufficient funds (NSF) issues, providing a comprehensive view of account reliability. This enables businesses to predict funding issues and take proactive measures to prevent them.
• Seamless User Experience: GIVE supports “me-to-anyone” and “anyone-to-me” use cases without requiring customers to input their credentials for external accounts, ensuring a frictionless and secure transaction process.

The Galileo Instant Verification Engine significantly reduces the risk of fraud by providing real-time verification of external bank accounts and ownership, cutting verification times from days to seconds. This minimizes customer drop-offs — reducing abandonment rates from nearly 50% based on a traditional method such as MDA (Micro-deposit Authentication) to as low as 1% — and delivers a smoother, more reliable customer experience across multiple channels, including ACH, FedNow, Wires and check deposits.

Transaction Risk GScore

Transaction Risk GScore is a machine-learning-based risk score that assesses the risk of card transactions in real time. By analyzing multiple data points, such as user behavior and transaction patterns, GScore enables financial institutions, fintechs and businesses to detect and respond swiftly to potential fraud, reducing losses and ensuring more efficient operations.

GScore supplements the existing enhanced capabilities in Payment Risk Platform by adding a layer of fraud signals while allowing the client to determine the risk appetite based on the multiple model responses. GIVE and GScore are designed with scalability in mind, ensuring they can grow alongside your business.

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With the addition of Xactus to ACES’ network of integrated third-party verification service providers, lenders can order, track and receive Xactus re-verification documents directly within the ACES Quality Management & Control platform to streamline the quality control (QC) audit process and eliminate errors from manual data re-entry. Xactus verification reports now available within ACES include Employment Verification, Credit Report, and Tax Transcripts.

“We’re thrilled about this integration. We’re giving ACES’ users access to our top-tier verifications enhancing their ability to support their loan quality and risk management initiatives,” said Michael Crockett, Chief Operating Officer of Xactus.

“This integration represents a significant advancement for our clients, providing them with streamlined access to critical, best-of-breed verification services directly within ACES,” said Trevor Gauthier, CEO of ACES Quality Management. “By incorporating Xactus’ comprehensive verification services into our existing network, we’re empowering lenders to enhance the efficiency of their quality control processes while maintaining the highest standards of loan quality and mitigating potential risks.”

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Ms. Liao brings more than two decades of experience in regulatory engagement, banking supervision, investment banking and private equity consulting. She joins R&T from the Federal Reserve Bank of New York, where she played a significant role in supervising systemically important financial institutions and technology service providers. During her tenure, Ms. Liao held key roles in pioneering initiatives such as the Federal Reserve System’s study on distributed ledger technologies and the launch of the New York Innovation Center, a strategic partnership with their Bank for International Settlements (BIS). Additionally, her leadership and contributions to their technology service provider program were nominated for the William Taylor Award for Excellence in Bank Supervision.

Ms. Liao has also represented the Federal Reserve Bank of New York on two international working groups—BCBS TFFT Open Banking/APIs & CPMI-IOSCO Digital Innovations—under the auspices of the BIS, underscoring her expertise and leadership in the regulatory arena.

“We are thrilled to welcome Kim to R&T’s executive leadership team. Her extensive knowledge and experience working with industry regulators will be instrumental in helping our clients stay ahead of regulatory changes and thrive in the evolving banking landscape,” said Susan Cosgrove, R&T’s Executive Chairperson.

Ms. Liao’s appointment is the latest in a series of strategic hires at R&T over the past year. Since Susan Cosgrove joined as Executive Chairperson in September 2023, she and CEO Joe Jerkovich have focused on expanding and strengthening the company’s senior leadership team. This includes the appointments of Michelle Barone as Chief Revenue Officer, Joe Carroll as Chief Operating Officer, Christopher Gerosa as Chief Financial Officer, Jason Mull as Chief Risk Officer & Chief Information Security Officer and Mieko Shibata as Chief Information Officer.

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Allied is one of the largest providers of insurance, lending, risk management, and data-driven solutions to financial institutions in North America. With heightened regulatory scrutiny on finance and insurance (F&I) compliance, lenders, dealerships, and business process outsourcing (BPO) organizations face intensified pressure to meet stringent regulatory requirements.

“This collaboration is evidence of just how deeply PCMI and Allied understand the demand for a comprehensive lender compliance solution,” said Pete Hilger, CEO at Allied. “Although the FTC CARS Rule is facing some challenges, lenders are already feeling the pressure in maintaining compliance with GAP policy refunds. PCMI’s TruComply will provide the necessary tools to ensure that lenders and lender BPO services are better positioned to mitigate litigious situations.”

TruComply is poised to revolutionize lender compliance by streamlining the F&I product cancellation and refund process while ensuring compliance for lenders. TruComply automates refund quotes with access to the largest provider network and delivers seamless payment distributions with compliance verification.

“TruComply was carefully designed to meet the evolving regulatory lender compliance requirements,” said Mark Nagelvoort, CEO at PCMI. “We see TruComply providing a modern experience for managing policy refunds, compliance verification, and for ensuring industry compliance on behalf of lenders, dealers, and providers.”

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Christensen will lead the company’s global acquiring and risk management teams, working to grow and manage relationships with processors and banks, as well as overseeing the underwriting and risk functions.

He brings 20 years of experience in financial risk, electronic payments and credit cards to the role. Christensen previously served as VP of Global Underwriting at London-based fintech Paysafe, where he was responsible for evaluating and managing risks associated with financial products across key markets.

“As we execute our strategy to deliver better payments for middle market merchants, Bill’s impressive industry knowledge and proven approach to risk management will be instrumental to our mission to deliver payments ROI for businesses globally,” said Brian Greenfield, CFO at BlueSnap.

“His unwavering commitment to regulatory and compliance excellence will reinforce customers’ trust in our platform, ensuring they can confidently grow their businesses around the world knowing that their transactions are protected by industry-leading risk management practices,” Greenfield added.

Christensen joins BlueSnap at a time when the payments industry faces complex global risks, evolving regulatory landscapes, and the need for sophisticated underwriting to support merchants to maximize sales and minimize costs across payment channels and geographies.

Commenting on his appointment, Christensen said: “In joining BlueSnap, I’m proud to be part of a team at the forefront of payment technology globally. The company’s dedication to driving profitability for merchants as well as genuinely understanding and solving payment challenges is in step with my own commitment to ensure secure, seamless transactions for customers. I look forward to working with our talented acquiring and risk teams to improve our services and make payments smarter and safer for everyone.”

Bill earned his Bachelor’s degree in Business from Hofstra University in New York.

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Simultaneously with this transaction, Hg has bought out prior Ncontracts shareholder Gryphon Investors (“Gryphon”), as well as prior Venminder shareholders. Hg is a leading investor in software and services businesses and is backing Founder and CEO, Michael Berman, to lead the combined business, which promises to deliver more value to customers via these expanded capabilities.

Acquiring Venminder gives Ncontracts more depth and expertise in third-party risk management, further enhancing its position as a software-as-a-service (SaaS) and knowledge-as-a-service (KaaS) leader in enterprise risk management. The investment from Hg brings resources and expertise, continuing to strengthen Ncontracts as a leader in governance, risk and compliance (“GRC”) software solutions for banks, credit unions, mortgage companies, fintechs and registered investment advisors, as they grapple with increased risks and regulatory scrutiny.

“We are excited to join forces with Venminder,” said Michael Berman, Ncontracts Founder and CEO. “With our teams coming together to help reduce risk, improve compliance and control costs, we will continue to strengthen the financial industry and the communities they serve. With the investment and support from Hg, we are well positioned to continue our rapid growth. Gryphon has been a valuable partner, and I want to thank their outstanding team of operating partners, operating advisors and investment professionals.”

“Uniting Venminder and Ncontracts will bring tremendous value to our customers,” stated James Hyde, Venminder’s CEO. “This strategic partnership extends beyond third-party risk management, propelling Venminder into the broader integrated risk and compliance space. By combining our strengths, we are poised to deliver even more comprehensive and innovative solutions to our clients and the broader market. Our unwavering commitment is to continue to support our clients by guiding them through the complex landscape of third-party risk.”

Ncontracts has been named in the prestigious Inc. 5000 list of fastest growing private companies in America for the sixth consecutive year in 2024. This transaction will grow Ncontracts’ customer base further to over 5,000 customers. The investment and acquisition demonstrate Ncontracts’ commitment to continued growth from both an organic and inorganic perspective.

Alan Cline, Head of North America at Hg, said: “We see Ncontracts swiftly becoming a ‘gold standard’ provider of highly automated, AI-enabled, integrated software solutions for the financial industry. The merger with Venminder creates a compelling platform with a comprehensive product suite that can deliver significant value to customers.”

Alexander Johnson, a Director at Hg added: “We’re excited to partner with Michael Berman as he continues to lead and scale the company for its next stage of growth.”

Jon Cheek, Partner & Co-Head of the Software Group at Gryphon, said: “We are delighted to have completed a complex transaction that significantly transforms Ncontracts and positions it to continue to thrive. Through a combination of organic and inorganic growth strategies, Ncontracts has more than quadrupled in size since Gryphon originally invested in 2020. With its comprehensive suite of products meeting the continued demand for sophisticated financial services governance, risk and compliance management tools, the company is poised to continue that aggressive growth going forward.”

Gryphon sees continued attractive opportunity for new platform investments in the GRC sector and retains its investment in separate portfolio company RegEd, a leading provider of enterprise regulatory compliance solutions to insurance companies and financial services firms.

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Mr. Tramonte is an experienced executive leader with a demonstrated history of crafting successful go-to-market strategies, scaling teams, and leading organizations through periods of hypergrowth. More recently, Mr. Tramonte was the Senior Vice President – Sales & Channels at Exterro, a leading data risk management software provider.

His expertise in growing corporate revenue is also reflected in the level of direction he has provided the Sales, Product, Marketing, and Channel Teams at different organizations throughout his career. The DocuPhase Team looks forward to Mr. Tramonte bringing his drive and vision to their organization.

“Rising operational costs and further protection from fraud continue to drive a significant increase in demand for our finance and payment automation solutions. Trey’s proven track record and experience will allow us to scale our team to support current and future customer growth,” said, Dan Gaertner, CEO of DocuPhase.

“I’m excited to be taking on the CRO role at DocuPhase. My years of experience in Sales and leadership have given me a wealth of knowledge to support the Sales and Marketing teams as we strive towards growth, innovation, and longevity,” said Tramonte.

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B2COPY on cTrader – What Can You Expect?

B2COPY is the first-ever solution to provide an institutional-level trade copier for cTrader that does not require users to sign in to their cTrader accounts. Moreover, for the first time, B2COPY introduces PAMM (Percent Allocation Management Module) for cTrader. The MAM (Multi-Account Manager) solution from B2COPY is a unique function that offers institutional-grade services like automated fee payment processing, seamless integration with IB modules, and extensive risk management features.

Advantages of B2COPY

This integration between cTrader and B2COPY introduces several enhanced features:

• Flexible Trading – B2COPY on cTrader enables investors to trade on their accounts, close copied positions, and detach their positions from the master’s positions.
• Fee Settings – Trade masters can fine-tune fee plans, create personalised promotions for clients, and set different fee settings for clients.
• Flexible Allocation Methods – B2COPY on cTrader supports different allocation methods, such as proportionally by equity, balance, and fixed lot allocation.
• Advanced Copying Features – The B2COPY integration offers features such as pausing and reversing copying, customising user nicknames and avatars, and changing strategy names on cTrader.
• User-Friendly Integrations – B2COPY on cTrader integrates with B2CORE CRM and can be integrated with other prop firm CRMs. This removes the need to go to the trading platform.
• Website Widgets – B2COPY on cTrader provides useful widgets for website integration, including traders’ leaderboards and individual statistics pages, increasing user engagement and transparency.

What Makes cTrader Unique?

cTrader is an advanced multi-asset FX/CFD trading platform known for its robust and sophisticated ecosystem that caters to the dynamic needs of Brokers, Proprietary Firms, IBs, and Traders.

• cTrader seamlessly integrates third-party services through its multiple APIs. Even developing custom applications connected to the cTrader backend is highly simplified with the Open API.
• Various plugins offer brokers & props extensive opportunities to personalise cTrader UIs and incorporate bespoke elements.
• Brokers & props receive cTrader as an out-of-the-box cloud solution powered by Spotware on cutting-edge infrastructure.
• cBroker, an advanced and flexible management system that provides unlimited possibilities for brokers & props, is included in the cTrader suite.
• Brokers & props can confidently acquire a competitive advantage and improve their reputation using cTrader, the fastest-growing FX/CFD platform.

cTrader is famous in the trading community for its exceptional features:

• Advanced order types and sophisticated protections
• Powerful charting and technical analysis tools
• Level 2 pricing and execution at almost-zero latency
• Facilitated entry into algorithmic and social trading
• Appealing designs and user-centric interfaces
• Availability across all popular platforms: web, desktop, macOS, iOS and Android.

IBs prefer cTrader over other providers as the ultimate solution to grow a robust referral base with:

• cTrader Invite – a comprehensive toolkit created to help affiliates attract new traders with appealing cTrader products and effectively convert them into referrals.
• cTrader Copy – a full-scale social trading platform featuring hundreds of tested & proven trading strategies that encourage new users to engage in live trading.
• cTrader Algo – an automated trading solution that supports easy algorithm development and provides free 24/7 cloud execution of cBots across all cTrader apps.
• Other tools for partners include signal links for sharing trading opportunities, Chart Streams for sharing technical analysis, and shared access for money managers.

“With this integration with Spotware, we have brought advanced features and unprecedented flexibility to the traders. B2COPY offers the first-ever PAMM and MAM for professional money managers, multiple allocation methods, and a variety of fee types, including subscription and joining fees, to cTrader users. Also, our performance fee calculation options provide more flexibility for brokers and their clients. We’ve worked really hard to integrate these sophisticated features into B2COPY, and we’re excited to welcome cTrader and their users to experience these benefits.”

— Sergey Ryzhavin, CPO of B2COPY

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One solution to manage it all

Global Onboarding is the final building block in a unified solution that integrates onboarding seamlessly with G2RS monitoring products, Persistent Merchant Monitoring and Transaction Laundering Detection. For the first time, risk managers have the ability within a single platform to underwrite merchants, approve them intelligently at scale, and then usher the flow of approved merchants in and out of activities that continuously monitor for a wide variety of illegal and/or violative conduct.

“We’re thrilled to be the first to deliver an integrated solution based on our Merchant Map^® and enhanced AI,” said Brian Longe, G2RS chief executive officer. “Our customers need to operate quickly and accurately to capture new merchant opportunities while also minimizing merchant portfolio risk. Speed is money, and our solution finally lets them scale up in a safe, smart way.”

Innovation to match evolution

As the e-commerce landscape expands with new online merchants and digital payment options, competition has increased. At the same time, regulations have gotten increasingly complex and punitive, and bad actors have become more sophisticated. Companies need innovation and agility to stay ahead in this ecosystem. Effective merchant onboarding is a critical step in the efficient setup of merchant clients for secure digital payment acceptance while avoiding exposure to fraud, card service rule infractions, and regulatory fines.

“The expanding e-commerce landscape presents exciting opportunities and significant challenges for the payments industry,” said Rochelle Blease, G2RS president of merchant risk solutions. “Global Onboarding empowers financial institutions and other payments providers to navigate this dynamic environment confidently, acting swiftly on new business opportunities while minimizing exposure to illegal activity and non-compliance.”

Combining the industry’s best resources

Global Onboarding incorporates advanced proprietary technology to enable rapid, confident merchant onboarding. The solution includes robust G2RS risk mitigation and business enablement capabilities that are unique within the payments industry, including:

• Merchant Map®, a proprietary, industry-exclusive merchant behavior database built over 20+ years with billions of data points, all validated by G2RS expert analysts.
• Compass Score®, a comprehensive, AI-driven score that predicts the risk of problematic merchant activity during the next 12 months. The scoring models synthesize data from the Merchant Map and additional data sources, including watchlists and sanctions registries, consumer ratings and adverse media, and risk-based insights for content compliance and operational risk.
• Merchant lifecycle risk management, a comprehensive approach covering risk from underwriting and onboarding to ongoing monitoring and transaction laundering detection, with re-underwriting as needed for audits or investigations.

“Our global customers need tools that keep pace with the increasing complexity and growth of the industry,” said Gavin Andrews, G2RS director of product management. “The AI-powered insights, comprehensive risk evaluations, and automation-ready workflows in Global Onboarding address the critical needs for efficiency, accuracy, and smarter decision-making when onboarding merchants. This is fintech that helps payments providers more confidently scale their operations.”

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The partnership will combine Datava’s end-to-end data activation platform with Corridor’s state-of-the-art decision workflow management platform, creating an integrated solution that empowers financial institutions to achieve unprecedented growth, proactive customer management, and operational efficiency.

“We are excited to partner with Corridor, as this collaboration allows us to deliver even greater value to credit unions seeking to enhance their member experiences and operational strategies,” shared James Cartwright, Head of Sales at Datava.

By integrating their technologies, Datava and Corridor will deliver comprehensive, AI-driven data strategy and advanced decision-making tools with robust compliance and governance to help financial institutions thrive in the digital era.

Key Benefits of the Partnership:

1. Unified Data and Decision Management: The integration of Datava’s data activation platform with Corridor’s decision management system will provide a holistic solution that simplifies data management and enhances decision-making processes.
2. Enhanced Member Services: Financial institutions can leverage advanced data-driven strategies, such as personalized product recommendations, targeted marketing campaigns, and real-time decision-making, to offer personalized, timely services to their members, significantly improving member satisfaction and engagement.
3. Operational Efficiency: The partnership will help credit unions and community banks reduce operational complexities, optimize employee performance, increase revenue, and drive better retention by streamlining and automating data and decision management.
4. Regulatory Compliance: Corridor’s expertise in platform-driven risk management and decision management workflows, combined with Datava’s comprehensive data activation platform, will ensure that financial institutions can maintain robust regulatory compliance and governance while driving controlled growth.

“I am very excited about this opportunity for Corridor and Datava to enable credit unions to rapidly transform decisions in a turnkey manner to best-in-class while managing costs and internal efforts optimally. We now have a ‘real’ option for credit unions to insource and own their full decisioning stack from Data -> Decisions -> Outcomes -> Activation while continuously innovating. That’s transformational!” said Aditya Khandekar, Corridor’s Chief Revenue Officer.

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