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IndustryUpdate

range of Paysafe’s payment solutions, starting with payment acquiring and part of its Business Services group
card processing, with Paysafe’s digital wallet services set to follow, Paysafe and enhance its device and digital
added. identity-focused offerings.
ThetaRay, Qolo to secure omnichannel payments McKinsey & Co. acquires
S4G Consulting
ThetaRay, a provider of AI-powered transaction monitoring technology,
and omnichannel payments platform Qolo are collaborating to detect and McKinsey & Company acquired
prevent financial crimes across Qolo’s full range of curated payment ser- Madrid-based S4G Consulting. As
vices. Through the agreement, Qolo will implement ThetaRay’s SONAR anti- a top Salesforce Platinum Partner,
money laundering SaaS solution to monitor transactions—including worker S4G specializes in helping compa-
disbursements, multi-currency business processing, and more—for its exist- nies of all sizes extend the power
ing and new clients. Qolo stated it is a first-party provider of core payment of Salesforce’s customer relation-
functionality, and the first and only 100 percent cloud-based issuing proces- ship management (CRM) platform
sor that offers a simplified experience for its clients. to improve customer outcomes,
McKinsey stated. Today’s buyers
ACQUISITIONS surf 10-plus channels before mak-
ing a single purchase, and they want
convenient, seamless, omnichannel
LexisNexis Risk Solutions acquires BehavioSec interactions, McKinsey added, not-

LexisNexis Risk Solutions, part of RELX, acquired BehavioSec, a behavioral ing that with the acquisition of S4G,
biometrics technology provider. Founded in Sweden in 2008 with a presence the company adds rapid Salesforce
in the United States, Canada and EMEA, BehavioSec provides a highly predic- CRM implementation capabilities
tive behavioral biometrics solution that uses behavior analysis for continuous to its strategy, design, and analyti-
authentication to establish identity trust and help prevent fraud, LexisNexis cal horsepower.
Risk Solutions stated, adding that solutions from BehavioSec will become a Yapily to acquire open banking
provider finAPI

Yapily signed an agreement with
SCHUFA to acquire finAPI, a pro-
vider of open banking solutions in
Germany. The deal, Yapily stated,
is set to make Yapily the largest
open banking payments platform
in Europe; the acquisition will dou-
ble Yapily’s customer base, adding
well-established finAPI customers
to its roster, including over 50 large
enterprise firms in the financial,
insurance, and IT industries. As a
result of the acquisition, Yapily will
have a clear leadership position in
the UK and Germany, Yapily said,
adding that it will also enter new
territories such as Czech Republic,
Slovakia and Hungary.

APPOINTMENTS

Infosec Institute hires
de Graaf, Turgeon

Infosec Institute, a cybersecurity
education company, expanded its
international commercial business
with the appointment of Jeffrey
de Graaf as senior vice president
of international sales and Donna

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