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IndustryUpdate

LNRS completes IDVerse acquisition Steven Loranger joins Taulia

LexisNexis Risk Solutions completed its acquisition Taulia appointed Steven Loranger as head of sales,
of IDVerse, an AI-powered document authentication North America, where he will lead the company’s
and fraud detection provider. IDVerse, now part of regional sales expansion and growth strategy. Based
LexisNexis’ Business Services segment, enhances iden- in New York, he brings over 25 years of experience in
tity verification within platforms like RiskNarrative and finance and technology to the company. Loranger spent
IDU. Founded in Australia in 2018, IDVerse combats 19 years at IBM, rising to general manager of global
fraud and deepfakes with biometric AI technology. Rick financing, and later served as managing director at
Trainor, CEO of business services at LNRS, emphasized Peridot Financing Solutions. His expertise in driving
the importance of advancing fraud prevention. The inte- revenue growth and leading high-performing teams is
gration will strengthen risk insights, improve financial expected to be instrumental in strengthening Taulia’s
inclusion, and enhance defenses against AI-generated presence in North America and advancing its working
fraud, LNRS stated. capital management solutions.
Sedgwick acquires Bottomline's LSM division Nacha selects 2025 board of directors

Sedgwick, a claims management specialist, is set to Nacha announced its 2025 board of directors, featuring
acquire Bottomline’s legal spend management (LSM) top leaders from the payments industry. Joe W. Hussey
division, which provides cloud-based software and of Wells Fargo was re-elected as chairperson, with Carl
legal bill review solutions for the property and casualty Slabicki of BNY as vice chairperson and Tina M. Knapp
insurance sector. Sedgwick will integrate Bottomline’s of ESL Federal Credit Union continuing as secretary/
Legal-X and Legal eXchange platforms to help clients treasurer. The board provides strategic guidance for
control litigation costs while operating LSM as a separate Nacha and the ACH Network, ensuring its continued
division. This acquisition, Sedgwick stated, strengthens role as the backbone of U.S. payments, Nacha stated.
its legal bill review capabilities, benefiting casualty cli- Nacha CEO Jane Larimer expressed excitement about
ents with enhanced e-billing, case management and ana- working with the board to drive innovation and excel-
lytics. Approximately 300 LSM employees will transition lence in the industry.
to Sedgwick to ensure continuity and expertise.
Nuvei strengthens executive team with key hires
Silver Lake, GIC complete acquisition of Zuora
Nuvei appointed Moshe Selfin as chief product officer
Zuora, a specialist in monetization for the subscription and Chad Gerhardstein as chief risk and compliance offi-
economy, was acquired by Silver Lake and GIC for $10 cer. Selfin, formerly chief operations & technology offi-
per share in cash. As a result, Zuora’s Class A common cer at Finaro, will lead Nuvei’s global product strategy,
stock will no longer trade on the NYSE. The acquisition aiming to enhance its payment solutions and expand its
marks a new phase for Zuora, which noted it pioneered technology reach. Gerhardstein, a payments industry
recurring, usage-based and hybrid revenue models. veteran from PwC and Worldpay, will be responsible
With Silver Lake and GIC’s support, Zuora aims to for strengthening Nuvei’s risk and compliance frame-
enhance its technology for enterprise monetization at work. Nuvei CEO Philip Fayer praised both executives
scale. Zuora believes the deal's approval by stockholders for their expertise, emphasizing Selfin’s innovation-
in February has helped to reinforce its role in driving driven approach and Gerhardstein’s regulatory acumen
modern financial operations. in supporting seamless market entry and maintaining
industry-leading compliance standards.
APPOINTMENTS Weave heralds executive leadership transition

Amanda Crocker moves up at SWIVEL Weave Chief Financial Officer Alan Taylor will retire at
the end of March 2025 after nine years with the com-
Amanda Crocker was appointed president of SWIVEL pany. He played a key role in Weave’s transition from
Transactions LLC, a fintech company specializing in a private to a public company, fostering financial dis-
integrated payment solutions. A seasoned leader in cipline and shareholder relations, the company noted.
payments and money movement technologies, Crocker Jason Christiansen, currently vice president of finance,
joined SWIVEL in 2023 as chief operations officer, will succeed him as CFO. Christiansen, who helped
where she streamlined operations and improved prod- lead Weave’s IPO and business transformation, brings
uct launch capabilities, the company noted. Previously, experience from NICE and inContact. Weave CEO Brett
she led global payment operations at Meta, overseeing White praised both leaders, expressing confidence in
35 payment products and processing 700 million annual Christiansen’s ability to drive Weave’s continued growth
transactions. In her new role, Crocker aims to drive and success.
SWIVEL’s growth while fostering a culture of trust and
leadership.

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