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Viva Wallet Announces New Partnership with Fraudio to Eliminate Payment Fraud
Viva Wallet announces new partnership focused on tackling the elimination of payment fraud and money laundering.
Since its inception in 2000, Viva Wallet has become the first entirely cloud-based European Neobank using Microsoft Azure and has since opened branches in 23 countries in Europe. Viva Wallet is known for its ability to provide businesses of all sizes card acceptance services through innovative Smart Android terminals, their Viva Wallet POS app with Tap On Phone that turns any android device into a card terminal, and the new Smart Checkout for E-commerce, which adapts dynamically to cardholders’ locality and preferences and vastly improves conversion rates.
Viva Wallet’s vision has always been aimed at creating a truly unified and safe European payments system that allows customers to go global while remaining local.
Today, Viva Wallet has announced its partnership with Fraudio, the Amsterdam-based next-generation payment fraud prevention & anti money laundering AI-driven fintech. This strategic partnership provides Viva Wallet an edge in regard to how they deal with fraud currently and, more importantly, in the future. It guarantees that Viva Wallet’s customers both on the merchant acquiring and card issuing sides have access to a thoroughly secure payment infrastructure for all their operations.
Viva Wallet is empowered to divert its time and resources to its core business, while Fraudio takes over the fight against fraud & money laundering. Providing a flexible combination of automation and rich reporting, Fraudio enables Viva Wallet’s internal team with more agility in their decision-making process in regard to fraud & AML. The plan is to help prepare Viva Wallets’ operations for their estimated exponential growth in the coming years.
Headquartered in The Netherlands, Fraudio has developed the next generation of Fraud detection & AML with its patented AI technology. AI Machine learning is ideally suited to fraud detection as it is accurate, fast, and highly efficient – additionally, it learns and evolves automatically. Fraudio’s one-of-a-kind centralized AI brain is trained on billions of transactions and continues to grow daily.
“Fraudio’s team has been extremely helpful to our current growth by providing us the ability to focus our efforts in a much more accurate manner in order to develop truly disruptive technology.” Said Viva Wallet’s co-founder, Makis Antypas.
“Working closely with Viva Wallet has been enriching in many ways so far, yet I want to highlight the sheer vision behind this company is so clear and you can see that with anyone you come in contact with from their teams. We are excited to have this opportunity to serve a company that beyond any doubt is, and will become much more, a predominant player in their space and any other space they set out to be in.” Added João Moura Fraudio’s founder and CEO.
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Galaxy Digital Inc. (NASDAQ: GLXY) (TSX: GLXY) today launched GalaxyOne, a financial technology platform offering U.S.-based individual investors to access high yields on fiat cash, alongside crypto and equities trading in a single digital experience. Accredited investors1 can access 8.00% Annual Percentage Yield (APY) through Galaxy Premium Yield2, while all investors can earn 4.00% APY3 on cash deposits and the ability to auto-reinvest earned interest into bitcoin or other supported crypto – all backed by Galaxy's financial expertise, rigorous risk management, and white-glove client service.
"We've spent years building institutional-quality infrastructure to serve the world's most sophisticated investors. Now, we're extending that edge to individuals," said Mike Novogratz, Founder and CEO of Galaxy. "Importantly, GalaxyOne advances our mission of becoming a full-spectrum financial services provider that builds trusted, regulated, and accessible products for all market segments."
GalaxyOne, which is available on mobile (iOS and Android) and online in the U.S., launches with four core products:
- Galaxy Premium Yield 2: Earn 8.00% APY through an investment note issued by Galaxy Digital LP, a subsidiary of Galaxy Digital Inc. and available exclusively to U.S. accredited investors on GalaxyOne. Yield is generated by Galaxy's institutional lending business, active since 2018. Each investment requires a $25,000 minimum and is capped at $1 million per investor with an initial $250 million total investment cap. Interest accrues daily and is paid monthly into the GalaxyOne Cash account.
- GalaxyOne Cash 3: Earn 4.00% APY in a high-yield cash deposit account FDIC insured up to $250,000. Banking services are provided by Cross River Bank, member FDIC.
- GalaxyOne Crypto: Buy, trade, hold and transfer major blue-chip digital assets, including bitcoin (BTC), ethereum (ETH), and solana (SOL). Transparent pricing, recurring purchases and real-time execution are available on the platform.
- GalaxyOne Brokerage: Access commission-free trading of more than 2,000 U.S stocks and ETFs in individual brokerage accounts. Retirement accounts (traditional and Roth IRAs) are also available. Fractional share trading is available with a $10 minimum per trade. Clients have the option to earn passive income by lending their eligible stocks through the GalaxyOne Stock Lending program4.
GalaxyOne was originally developed under the name Fierce, which Galaxy acquired in 2024. The platform is led by Zac Prince, Managing Director at Galaxy, alongside the original development team. Fierce's former CEO, Rob Cornish, will continue to support the platform's operations as Chief Technology Officer of Galaxy. GalaxyOne sits alongside GalaxyOne Institutional as part of a unified suite of products, each tailored to client needs, but both built to Galaxy's institutional standards of security, scale, and risk management.
"As technology reshapes how people invest, expectations are clear: more yield, easier access from a single platform, and opportunities that extend beyond traditional boundaries," said Mr. Prince. "GalaxyOne delivers exactly that: a unified opportunity to earn yield on cash, trade crypto, and access U.S. equities, all supported by Galaxy's financial discipline, institutional oversight, and professional team trusted by some of the world's most sophisticated institutions. We have an exciting roadmap ahead and are excited to deliver a differentiated financial experience to our clients. This is just the beginning."
To sign up and learn more about GalaxyOne, please visit: https://one.galaxy.app/sign-up
EXCLUSIVE: “Taking the Pain Out of Compliance” – Camillo Werdich, Sinpex in ‘The Fintech Magazine’
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U.S. Bank Leverages Gen AI for Banking Services
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Two Thirds of Millennial Travellers Say Flexible Payments Are Their Deciding Factor When Choosing Airlines
New research commissioned by Affirm, the payment network that empowers consumers and merchants with flexible and transparent payment options, reveals that payment flexibility is now one of the most important factors influencing travellers when booking flights and holidays.
Big Issue Partners With fumopay To Roll Out New Way for Vendors To Take Cashless Payments via Open Banking
Big Issue has partnered with open banking payment provider fumopay to offer its vendors an innovative new way to take cashless payments.
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Together with Scan to Pay’s 650,000 merchants and Luno Pay’s existing network of over 30,000 merchants, this expansion unlocks access to major household retailers, including Checkers, Makro, Vodacom, and Shoprite, bringing crypto payments into the mainstream and marking a major step for cryptocurrency adoption.
More Rewards, More Flexibility: PayPal Introduces 5% Cash Back on Buy Now Pay Later Purchases this Holiday Season
PayPal has announced that U.S. customers will earn 5% cash back on PayPal Buy Now Pay Later (BNPL) purchases between now and the end of the year1. As 60%2 of shoppers feel more financial stress heading into this holiday season, PayPal, one of the leading BNPL providers worldwide, is helping to make it easier to manage spending this holiday season.
Blue Ocean Technologies Announces Promotion of John Willock to Chief Revenue Officer
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