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IndusrtyUpdate

they expect," the partners stated. This partnership comes Bertrand Chevallier, CEO of the bank's payment servic-
as Digital River rolls out new API-first architecture to es, said the acquisition "represents a major contribution
enable merchants to create best-of-breed solutions to in terms of technology that will enable the group to take
meet complex shopper demands on a global scale, they full advantage of the innovation opportunities offered
added. by changes in regulations."

Pineapple Payments, OntoGolf team up Viva Wallet buys Praxia Bank
Payments technology company Pineapple Payments Cloud-based payment processor Viva Wallet acquired
formed a strategic partnership with POS and technolo- Praxia Bank, Greece's first digital banking challenger,
gy company OntoGolf. OntoGolf specializes in ball man- following concerns the neobank would go out of busi-
agement systems and lesson management software for ness due to lack of sufficient funds. In December 2019,
golf courses and ranges. The introduction of Pineapple the Bank of Greece gave Praxia investor Atlas Merchant
Payments as a partner adds more robust payment tech- Capital Fund 12 working days to collect €30 million to
nology to OntoGolf's POS offering, driving new oppor- ensure Praxia's continued operation. Viva Wallet's acqui-
tunities for revenue, the partners noted. sition of Praxia is subject to Bank of Greece's approval.
Viva Wallet said the acquisition is part of its strategic
Pineapple Payments CEO Brian Shanahan said, planning to expand operations and was made possible in
"Pineapple's services align perfectly with OntoGolf's part due to its recent Series C funding round.
revenue-generating model. Our vision, to make com-
merce easy and accessible in a variety of different APPOINTMENTS
markets, happens through powerful collaborations. By
combining our experience in payments, with their exper-
tise in golf technology, we're able to support a stronger Numerated welcomes Chris Aronis, Duncan Perry
point-of-sale offering and target industries we hadn't Bank technology company Numerated appointed Chris
been able to previously."
Aronis as its senior vice president of sales and account
Synopsys, Finastra partner on app ecosystem management, and Duncan Perry as chief financial officer.
Aronis brings more than 15 years of financial technology
Synopsys Inc. and Finastra joined forces to establish an experience to Numerated, having scaled customer bases
application security validation program for FusionFabric. across early stage startups, growth-stage companies and
cloud, Finastra's open platform for financial applications. public companies.
The program is designed to ensure that all applications
offered via the FusionFabric.cloud FusionStore have He most recently led Plaid's financial institution sales
passed thorough vigorous security testing assessments. after the company acquired Quovo, where he also led
sales. Perry joins Numerated from Klaviyo, an ecom-
FusionFabric.cloud is a scalable, open, and collaborative merce technology company that gained a recent $150
development platform that enables fintech providers to million investment. While at Klaviyo, Perry served as
create and bring applications to market faster, Finastra vice president of finance and vice president of opera-
noted. Synopsys will help validate the security posture tions, leading the company's global expansion. He
of all applications onboarded to FusionFabric.cloud, brings more than 25 years' experience managing orga-
using solutions that include static application security nizations' finances, operations and compliance across a
testing, software composition analysis, penetration test- range of industries.
ing and code reviews.
ComplyAdvantage taps Vasta Narasimha
ACQUISITIONS Regtech company ComplyAdvantage appointed
Vatsa Narasimha as chief operating officer and chief
Crédit Agricole gains stake in Linxo fintech financial officer. Narasimha is the former president
and CEO of OANDA Global Corp., an online foreign
French cooperative Crédit Agricole acquired an 85 exchange trading platform, currency data and analytics
percent stake in Linxo, a fintech that provides account company acquired by CVC Capital Partners in May
aggregation, payment initiation and personal finance 2018. Previously, Narasimha spent eight years as a
management solutions via a technology platform sup- principal at The Boston Consulting Group, working
plied by its subsidiary Oxlin. Crédit Agricole stated that with leading financial institutions on a variety of issues.
Linxo is a long-time partner whose mobile app has more About Narasimha's appointment, Charles Delingpole,
than 3 million users in France. ComplyAdvantage founder and CEO, said, "I look
forward to what we will accomplish together as we grow
our next-generation anti-money laundering technology
platform across new markets."

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