Financial institutions seek new partnership opportunities following Signzy data breach
12/09/24, 1:10 AM
Location
Industry
fintech
finance
financial services
software
Type
partnership
Regulated entities such as banks and financial services companies are evaluating options like diversifying their partnership base further in the wake of the massive data leak that impacted Signzy. Some impacted financial institutions have started enquiring for new partnership opportunities with other service providers.
Company Info
Location
bengaluru, karnataka, india
Additional Info
The company said it will use the fund to bolster its existing product line and drive adoption of its platform across banking and financial services clients. The startup works with over 240 financial institutions globally including the four largest banks in India.“The team at Signzy has really impressed us with their no-code digitalisation platform for the financial services industry, which we believe is the first-of-its-kind anywhere in the world and solves real pain points for their customers,” said Gopal Jain, managing partner, Gaja Capital. Existing investors Vertex Ventures and Arkam Ventures also participated in the round, Bengaluru-based Signzy said. Signzy, founded in 2015, provides a digital software platform to help fintechs, financial institutions and banks with multi-channel on-boarding, as well as automates back-office operations through artificial intelligence.