SEON, the fraud fighter, has secured €10 million (USD 12 million) series A investment. The funding, Hungary’s largest series A round to date, was led by leading European early-stage investor Creandum, behind some of Europe’s best tech companies including Spotify, Klarna, and Kahoot, as well as further investment from CEE’s leading VC, PortfoLion, part of OTP Bank. 

As part of the funding round, SEON has added the following industry leaders to its table of current shareholders: N26 founders, Maximilian Tayenthal and Valentin Stalf, SumUp founders Stefan Jeschonnek and Jan Deepen, Tide CEO Laurence Krieger, Revolut ex-CFO Peter O'Higgins, iZettle ex-chief Product Officer Leo Nilsson, Onfido cofounder Eamon Jubawy and ComplyAdvantage founder Charlie Delingpole.

SEON is a fraud-detection solution that draws on data from across the internet to establish customers’ digital footprints to wean out false accounts and prevent fraudulent transactions from taking place. It already supports companies from a wide range of industries, including Patreon, AirFrance, Rivalry, Ladbrokes by having its technology operate in real time, with no stale data and zero false positives, a paradigm shift from previous proprietary databases to true real time fraud prevention.

According to the Royal United Services Institute (RUSI), fraud is now a national security threat and ever-growing concern, especially with the recent surge in ecommerce. Reports suggest that e-retail sales account for 14.1% of all retail sales worldwide with forecasts suggesting sustained growth to 22% by 2023. With digital fraud currently taking many forms and impacting a wide range of industries, ecommerce transaction fraud losses reached $25.5 billion in 2019 and are due to reach $50.5 billion in 2024. Therefore, SEON’s technology is needed more than ever in the global fight against fraud.

Today, SEON is often described by its customers as the “Stripe of fraud prevention” and follows a developer and fraud manager led focus. It sees end users having more of an influence when selecting the best tools to help them in their role. Ultimately the vision for SEON is to democratise fraud prevention, ensuring every business is safe online.

Having launched in the second half of 2017, SEON has been consistently profitable since the end of 2019. It experienced rapid growth in 2020, accelerated by the COVID-19 paradigm shift. It is part of the top 80% of tech companies that are not just COVID-proof, but whose operations have been boosted by the pandemic. This is due to operating in some key fast-growing verticals such as neobanks, esports, iGaming, Forex and crypto trading. The investment will support SEON’s continued growth, by adding to their highly skilled teams located in Budapest and London, as well as further global expansion.

SEON’s CEO and Founder, Tamas Kadar, commented: “We’re extremely pleased to have completed our latest funding round, led by Creandum, joining its exciting tech portfolio. We feel we have found a like-minded investor to work closely with to pursue the significant global opportunity for our business as we continue to democratise fraud fighting.”

Bence Jendruszak, COO and Co-Founder at SEON, added: “For all our achievements in such a short time span we feel like we are still only getting started. We are still seen as the new kids on the block in a crowded market, but with this latest round of funding we can add more leading talent to our team to further grow our product led growth and eradicate online fraud.” 

Simon Schmincke, General Partner at Creandum, said: "At Creandum, we believe cybercrime will be one of the most serious threats of the 21st century. With SEON, we’ve found an anti-fraud solution that’s effective, affordable, flexible, intuitive, and clearly proves its ROI. We are super excited to be part of SEON's journey to capture the hyper-growth, anti-fraud market!"

Gábor Pozsonyi, Partner at PortfoLion Capital Partners, added: "Seon is a fundamentally useful brand: it offers a solution to one of the greatest challenges of digitalization, not only saving hundreds of millions of euros for its partners but making the internet a safer place. Their product is changing the world, and it's a pleasure to be part of their journey."

With the Netspend® Liberty Tax® Prepaid Mastercard®, eligible Americans can receive quick and secure access to their stimulus and tax return payments

As Americans in need begin receiving Economic Impact Payments (EIP) via the U.S. Department of Treasury and Internal Revenue Service (IRS), Mastercard is working with Liberty Tax to offer direct stimulus payments and tax return funds through prepaid cardholder accounts, in turn improving equitable access to those who need it most. Qualifying new Liberty Tax customers will receive 30% off tax prep fees, a $15 bonus, and an additional $15 credit when selecting the Netspend® Liberty Tax® Prepaid Mastercard® for the disbursement of tax proceeds[1].

“Millions of Americans have been excluded from Economic Impact Payments because they have either not filed a tax return or shared their payment information with the government,” said Linda Kirkpatrick, president of North America at Mastercard. “We are highly focused on bringing more people into the digital economy, and this offer is reflective of our commitment. Together with Liberty Tax, we are using this prepaid option to help those who need it the most.”

How It Works:

• Make a tax appointment at libertytax.com.
• Check the status of your government stimulus payment: irs.gov/coronavirus/get-my-payment.
• File your 2020 tax return with Liberty Tax. If you have not received prior stimulus checks, you may also need to file previous year returns.
• Get your card and receive your funds. Once you have completed tax preparation, elect to have tax return proceeds disbursed to a new Netspend® Liberty Tax® Prepaid Mastercard®. Once you have activated your card, the applicable credit will be applied to your account within 10 business days.

“As we have walked together through this global pandemic, Liberty Tax has remained dedicated to serving our customers. With each EIP, we worked with the IRS to ensure our customers received the money promised to them and this is another example of our efforts,” said Brent Turner, CEO of Liberty Tax. “We’re proud to work with Mastercard to get Americans the assistance they deserve and encourage anyone who has not yet received their payments to come into one of our offices to see how we can help.”

In addition to Liberty Tax, Mastercard is working with partners to potentially enable the delivery of Economic Impact Payments to millions of Americans who hold reloadable prepaid cards. Prepaid cards offer an array of benefits extending far beyond providing more equitable access to EIP. These cards can be used for everyday needs and are especially beneficial amid the pandemic as they enable people to shop online or, in many cases, provide them with a contactless option for in-person purchases.

All Mastercard prepaid cards include Mastercard ID Theft Protection™ powered by Generali Global Assistance, providing detection and protection against identity theft, including monitoring, alerts, and expert resolution. Once an account is set up, individuals can also arrange to use their Mastercard prepaid card to receive direct deposits from their employer and for future EIP payments and tax refunds.

Individuals who choose to prepare their own tax returns can direct the IRS to deposit their refund and EIP to their existing reloadable prepaid card. Using a Mastercard prepaid card also provides an added level of convenience, with the funds available faster and no need to go through the hassle of cashing a check. For those who do not have bank accounts and rely on check cashing services, this also means more money in their pocket. For more information, visit www.mastercard.com/stimulus.

The Netspend® Liberty Tax® Prepaid Mastercard® is issued by Republic Bank & Trust Company, Member FDIC, pursuant to a license by Mastercard. International Incorporated. Netspend, a Global Payments Company, is a registered agent of Republic Bank & Trust Company. Certain products and services may be licensed under U.S. Patent Nos. 6,000,608 and 6,189,787. Use of the Card Account is subject to activation, ID verification and funds availability. Transaction fees, terms, and conditions apply to the use and reloading of the Card Account. See the Cardholder Agreement for details.

Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Card may be used everywhere Debit Mastercard is accepted.

Michigan-based Wildfire Credit Union announces today that it is expanding its partnership with Engagement Banking technology provider Backbase to modernize its employee experience and improve its ability to deliver personalized member services. Wildfire will adopt Backbase’s Customer 360 Employee App, which consolidates a variety of member relationship management lines – including call centers, branch services, underwriters and loan officers – onto one single platform for a unified member experience. The partnership will enable Wildfire’s 180+ employees to shift aay from siloed, transactional interactions with members towards relationship-building and engaging dialogues that offer increased consistency, transparency and value.

Backbase’s Customer 360 Employee App empowers Wildfire employees with a comprehensive view of all member interactions through one streamlined hub, allowing them to provide customized communications and solutions while minimizing the number of touchpoints required. By using this technology, Wildfire employees will have the ability to provide faster response times, deepen relationships, and offer relevant products and services that can help members improve their financial wellbeing – all while improving the credit union’s scalability and bottom-line impact. 

The adoption of the Customer 360 Employee App builds on Wildfire’s existing partnership with Backbase, which sees it leveraging Backbase’s Engagement Banking platform to drive innovation and unify the member experience across all channels and touchpoints. The partnership is enabling Wildfire to continuously innovate and enhance engagement with its members by phasing out manual or inefficient processes, allowing it to meet member needs with frictionless, personalized banking services.

Mark Schuiling, Chief Technology Officer at Wildfire CU comments: “As our members’ needs continue to shift, the ability to innovate quickly and pivot towards new digital technologies, channels and features is core to our strategy. Backbase has become a trusted partner and their digital offering aligns closely with our goals, giving us the ability to access cutting edge technology and expertise, and to compete with banks and credit unions of any size. Running on one single platform with a unified architecture gives us the flexibility to meet the changing needs of our retail and business members, and to deliver outstanding service."

Vincent Bezemer, SVP Americas at Backbase, added: “Wildfire has a clear vision: Create outstanding, frictionless member and employee engagements across all touchpoints. We are thrilled to expand our partnership and help them bring their vision to life through the power of digital transformation. As they continue their digital modernization journey, we’re pleased to be providing Wildfire with a scalable model that matches its members’ shifting demands both in a cost- and time-effective way.”

IQAX Limited, a leading-edge information technology company providing intelligent digital solutions for global shipping and trade, today announced it has been officially commissioned by the Global Shipping Business Network (GSBN) to develop, enhance and operate the world-class blockchain platform. The platform will enable real-time data sharing among authorized parties using blockchain technology for more transparent end-to-end supply chain visibility.

As a trusted partner IQAX will enable GSBN and its future members to develop standards and functionalities to seamlessly connect stakeholders in the global shipping and trading ecosystem while ensuring data integrity, security and service excellence are maintained.

Over the past year, the global health crisis catalyzed the need for business data and transparency in the supply chain as many businesses worked remotely, minimized contact points, and responded to the rapid changes in consumer demand. Many of those in the transportation and logistics sector faced mounting pressure on operations due to various challenges from labor availability, restrictive health protocols, to shifting trade patterns. In this environment, the need for a blockchain platform to facilitate tight, multiple-domain cooperation amongst every party in the global supply chain has become more important than ever before.

IQAX strives to create a harmonized global trade environment for the stakeholders in the multiple-domain ecosystem through its application development effort, products and services. Building solutions based on digital technologies including blockchain, IOT and AI, IQAX is connecting parties across multiple domains and creating intelligent solutions which help businesses embrace digitalization, information sharing and analysis, and respond faster to supply chain disruptions.

IQAX inherits the initial development of the blockchain platform from its business affiliate, CargoSmart Limited. Evolving and expanding upon its blockchain focus, IQAX will enable decentralized collaboration and governance to optimize cross-domain synergies and facilitate multiple-domain connectivity for the broader shipping ecosystem.

Bertrand Chen, Chief Executive Officer, Global Shipping Business Network, said:"We are pleased to have IQAX as the platform provider for GSBN. We share the same vision of enabling and accelerating the digital transformation of the shipping industry. Through the platform built by IQAX, we will be able to bring all stakeholders together in a secure, neutral, trusted and equitable way, from logistics service providers to financial institutions. We aim to increase the speed of logistics and the ease of conducting trade globally, ultimately benefitting all parties involved. We are here to simplify trade for all."

Moving forward, IQAX will help GSBN drive digitalization mandates that best meet the needs of the global trade ecosystem. IQAX plans to build on its vision to digitalize to create a harmonized global trade environment, as well as offering technologically advanced applications for shippers and logistics service providers to address current challenges through smart solutions which enable contactless interactions, tracking of physical cargo and alerts with recovery recommendations.

With the cost of cybercrime in Europe rising to an average of €50,000 per incident – up from €10,000 the previous year – an attack can be very expensive for small to medium-sized businesses with limited resources. However, thanks to a digital hub creating a highly-skilled cyber workforce through the first-ever Cybersecurity Professional Register, staff based in universities and SMEs across the world have learned how to protect themselves against sophisticated online attacks with its new cybersecurity training programme – free of charge.

A European consortium is tackling sophisticated cybercrime with a new cybersecurity platform offering courses to keep businesses and academic institutions safe online.

Giving advanced and entry-level trainees the experience of taking part in a virtual cyber-attack, the courses have provided practical experience against phishing scams, cybercriminals and hackers – all in timed conditions.

The novel training programme has allowed participants to play the role of ‘defender’ or ‘attacker’ in a mock cyber-attack, giving them the unique insight and practice of what it is like to be a cybercriminal but without breaking the law. 

Following successful trials and workshops in transport, academia and energy sectors, the cybersecurity hub has already created over 500 qualified individuals from over 20 institutions over the past year in tackling malware, spoofing, phishing scams, spam emails, SQL injection and password cracking.

Allowing users to gain financial insight into poor or incorrect decisions, the course has also provided a working knowledge of associated costs, with users penalised an imaginary €10,000 for not spotting an unsecured password, or clicking on suspicious links, for example.

Niccolò Zazzeri from CYBERWISER.eu said: “Against a backdrop of increased interconnected devices, advancing AI and improved machine learning, 2020 has shown there is an urgent need for highly-skilled and multi-disciplined cybersecurity professionals. Threat actors are continuing to evolve their ability to avoid detection and rapidly expanding their capabilities with the proliferation of accessible tools and exploits. Our end goal is the democratisation of cybersecurity training and the empowerment of multi-disciplined teams in public and private organisations."

“We have seen many SMEs, universities and small businesses with limited resources take part in our entry-level simulated environments as cybercrime has reached new and unprecedented levels."

“With our rich and varied content and carefully planned scenarios, there are no courses as interactive as CYBERWISER.eu. We have put our trainees into live attacks, as well as allowing them to access the actual code, play around with it and let them see first-hand how vulnerabilities can be exploited.”

The courses look at all aspects of security, such as online fraud via scams eliciting personal information such as account passwords or credit card information, which currently costs the world $600 billion per year (Centre for Strategic and International Studies). 

A recent study by Insight has shown that nearly 80% of senior IT and IT security leaders believe their organizations lack sufficient protection against cyberattacks despite increased IT security investments.

Last year, the Lloyds Register Foundation World Risk Poll run by Gallup found that seventy-one per cent of people who use the internet recognised three main internet-related risks — misinformation, online fraud, and cyberbullying. Worldwide, 45 per cent of internet users said they worry about being the victim of online fraud.

 World’s first Cybersecurity Professional Register

Consolidating the individuals it has trained, the EU-funded ‘CYBERWISER.EU' project that runs the courses has made a significant impact in global internet safety by creating the world's first-ever Cybersecurity Professional Register (CyPR) – which all advanced users are enrolled into.

“Cybersecurity is not just an IT issue,” Zazzeri explains “it affects cultures from all levels of seniority in all companies that have a digital presence. While the initial entry-level 'Primer course for cybersecurity beginners is free, Cyberwiser has three more commercial products – Basic, Intermediate and Advanced – tailored to the requirements and size of your business or institution.”

“All our advanced users are automatically added to the Cybersecurity Professional Register where organisations of any size or sector can find and contact our members with the skills and experiences they need to improve their cybersecurity. We also approve the registration in the CyPR of Cybersecurity Experts that have already obtained Cybersecurity official certifications such as ISACA, ISC2 etc, a Higher Education Degree, or have certified working experience in the field.”

The types of people who have enrolled so far have been employed in HR Departments, more skilled employees working in SOC, public sector workers, technical staff in the cybersecurity department and, junior staff who have been looking to develop their basic training.

Training the cybersecurity workforce of tomorrow, CYBERWISER.EU is enabling users to understand the operational and business risks and responsibilities from an organisation-wide perspective with its innovative mix of a theoretical and practical approach.

CYBERWISER.EU is now organising their latest workshop, entitled “Effective training in cybersecurity in the new era of staff remotisation: Practical solutions, tools & opportunities” which will take place on the 25 March 2021 as a virtual event from 10:00 AM to 4:30 PM. Participants will hear from internationally renowned cybersecurity experts about the possible solutions for improving the cybersecurity posture of their organisation. Participants can enrol in the CYBERWISER.eu training programme for free. Early registrants have the unique opportunity to use the platform for free, with a 6-month window for you to complete the courses.

SEI (NASDAQ:SEIC) today announced significant global momentum in its Private Banking business with seven new SEI Wealth Platform^SM (SWP) client agreements, another seven client implementations and 26 long-term recontract agreements with existing SWP and TRUST 3000^® clients in the last 12 months. SWP and TRUST3000 are part of SEI’s Global Wealth Management Services business, comprised of market-leading, innovative solutions designed to support the future growth of investment and wealth managers globally.

“The last year caused a great deal of disruption in the financial services industry and the world at large. Many organizations faced, and continue to face, challenges, such as delays in client implementations and other key milestones affected by the pandemic. Our clients rely on us, and we are proud to stand by them—not just as a technology partner, but as one community who came together to navigate a period of unprecedented change,” said Steve Meyer, Head of SEI’s Global Wealth Management Services. “Our preparedness enabled us to transition our operations into a remote environment essentially overnight.  We could not have continued to successfully operate this way for an entire year without our resilient, adaptable and dedicated workforce, and the ongoing trust of our clients.”  

Over the last 12 months, SEI implemented seven Private Banking clients on time and on budget—six of which were done in a fully remote environment. SEI worked with clients to enhance remote training and implementation capabilities, which enabled successful virtual conversions and limited disruption to clients’ businesses. Of the additional seven new clients who signed SWP agreements in the last 12 months, two of those deals were completed from start to finish without a single in-person meeting, fully remote. Reaffirming their ongoing commitment to SEI as a long-term strategic partner who can provide consistent support and collaboration during times of volatility and uncertainty, another 26 existing clients committed to recontract agreements in the past year.

“Our clients’ decisions to begin or extend their relationships with SEI are evidence of our longstanding commitment to not only delivering superior solutions and exceptional client service, but also fulfilling our promise to being a trusted partner in any market environment,” said Meyer. “The pandemic has accelerated the demand for digital transformation across the industry, and many are increasingly looking to partners to help them fully digitize the wealth management experience, scale their businesses and enable future growth. Our priority remains: enable confident change for wealth management organizations in 2021 and beyond.”

To further help clients navigate the disruption and change brought on by the pandemic, SEI leveraged virtual communities to bring together leaders in wealth management organizations to discuss the unknowns presented by COVID-19 and share ideas around the future path for wealth management executives. Topics included leadership and communication in a remote environment, return-to-office strategies, online learning and more. Through forums, such as roundtables and online discussions, these leaders have the opportunity to address challenges they face in their businesses and seek the advice and honest feedback of industry peers.

SunTec, the world’s #1 relationship-based pricing and billing company, has announced that their award-winning platform Xelerate is now available on IBM Z and IBM LinuxONE, the enterprise platform for mission-critical applications. This will allow large banks that host much of their applications and operational data on IBM Z to rapidly and non-intrusively enhance the capabilities of their legacy core systems, to deliver contextual and hyper-personalized customer experience and offerings.  

Amit Dua, President, Global Head – Client Facing Group at SunTec, said, “We recognized the strength of the IBM Z platform given its unparalleled stability, performance, and robustness, hence our decision to port Xelerate onto IBM LinuxONE. Most banks have made significant investments and rely on these systems globally, and this offering will allow customers to deliver personalized banking experiences at scale and in real-time while making the most of their existing, robust infrastructure. Banks can further benefit from the agility, resiliency, elasticity, and on-demand provisioning that the hybrid cloud with IBM Z offers to advance their cloud strategies.”

Likhit Wagle, General Manager: Global Banking Industry at IBM, commented: “In the current low-interest-rate environment, Suntec’s Xelerate solution enables banks to generate additional income through sophisticated product bundling and pricing. In a competitive marketplace, the combination of the functionally rich Xelerate suite and the robust IBM Z offers unparalleled performance and security levels. Co-locating Xelerate platform running on Red Hat® OpenShift® side by side with core banking workloads on the same IBM Z or IBM LinuxONE server is going to be a game-changer for large banks on their digital transformation initiatives.”

With SunTec’s Xelerate, banks can adopt relationship-based pricing and banking models, rollout behavior-based loyalty programs, prevent revenue leakage through accurate pricing and billing, and, consequently, transform customer experience and innovation capabilities. However, data on customers’ banking relationships is essential to ensure the business success of such transformation projects. Since IBM Z platform hosts much of the operational data for many large banks, co-locating SunTec’s Xelerate on IBM Z running Linux comes with significant benefits to the banks including, infrastructure synergies, ease of integration, superior security levels, and reduction in total cost of ownership.

Banks are facing several disruptive forces – ever-evolving customer expectations, increasing competition, rising regulatory pressures, and growing cybersecurity breaches. It has, therefore, become imperative that they quickly move from a product-centric to an agile, customer-centric business model to overcome the challenges and thrive in the market. Given the same context, acquiring capabilities required to transform customer experience by dynamically designing and launching personalized products and bundles and innovative pricing models, and rewarding customers based on their positive financial behavior are becoming critical success factors. At the same time, banks need to ensure that their technology infrastructure facilitates superior performance, security, data privacy, and resiliency so that customer experience is addressed end-to-end and without comprising on regulatory compliance. 

We are delighted to announce that BMLL Technologies won The Trade News ‘Editors’ Choice & Fintech Award’ for ‘Best Data and Analytics Innovation’ during the 2021 Leaders in Trading Event, held on 17 March 2021. 

BMLL stood out for its innovative approach to providing buy side firms, hedge funds, Tier 1 banks and global exchange groups with access to granular, Level 3 order book data and advanced analytical power at unparalleled speed and scale. BMLL’s mission is to unlock the predictive power of pricing data and offer clients the insight they need to understand how markets behave, backtest their trading strategies and make more informed decisions.

Paul Humphrey, CEO of BMLL Technologies, said: “I believe that the race for speed is over and the race for data and analytics is on. Our industry is waking up to the predictive power of the historic, Level 3 data that we offer to support their alpha-discovery and decision-making processes.” 

Over the last six months BMLL reached a significant milestone, making 5 years of historic Level 3 data available to buy side firms in order to improve alpha generation and mitigate risk.  The BMLL Data Lab enables them to unlock the full predictability of pricing data, and go beyond the top of the order book to analyse long-term trends and backtest strategies with the singular aim of improving trading decisions and overall performance. 

Humphrey continued: “I am very excited to have gained industry recognition for our innovative data and analytics offering against such esteemed competition including IHS Markit, Refinitiv and Virtu Financial. My heartfelt thanks goes to our extremely talented team who continue to deliver outstanding products and client services, making our historic Level 3 data accessible to the wider market.” 

BMLL’s historic Level 3 order book data is delivered in a completely harmonised and information rich format alongside a comprehensive suite of analytics, easily accessible within daily workflows. 

Global fintech MODIFI announces a new 60m USD debt facility with Silicon Valley Bank (SVB), bringing its total raised capital to 111m USD. The facility from SVB's German Branch will be used to address increasing demand in existing markets, as well as fuel MODIFI's continuing growth and finance buyers and sellers in new geographies, particularly the US.

Expansion into the US, paired with the existing coverage, will establish MODIFI as the only digital trade finance platform focused on SMEs that spans the three major trading regions of Europe, Asia and North America - a cluster which encompasses approximately 80% of global imports and exports respectively.

Small and medium-sized businesses are turned down in 50% of cases when requesting trade finance, which has resulted in a 1.5 trillion USD annual funding gap. The pandemic has only exacerbated the situation as risk appetite decreased globally. MODIFI is empowering SMEs to trade internationally and grow, thus benefiting local economies.

"We are excited to partner with Silicon Valley Bank on our journey to digitize the global trade industry, which has traditionally been extremely paper-heavy" says CEO and Co-Founder Nelson Holzner. "The pandemic has forced many analogue processes to move online, and we are seeing more and more SMEs appreciating the value of a platform that provides them with trade finance from their own homes, whenever they need it."

"We're pleased to become a new funding partner to MODIFI to support its geographical expansion to the US, further investment in its digital platform and continued growth. Our partnership builds on the momentum of SVB's warehouse financing platform in EMEA as it showcases our ability to be a key partner in financing global innovators like MODIFI", says Folake Shasanya, Managing Director of Fintech Warehousing at SVB EMEA.

"Supporting innovation is in our DNA and we are delighted to provide this significant facility to MODIFI through our EMEA warehouse financing team from our SVB German Branch", adds Christian Hoppe, Managing Director, SVB Germany.

MODIFI tripled their business in 2020 as a result of a strong performance during the pandemic. The increase in demand for digital cash management solutions allowed the company to expand to four new markets in 2020, launching in China, Hong Kong, the UAE and Spain. The trend has continued in 2021 with MODIFI's launch in the Netherlands. The company currently operates out of 7 offices in Berlin, Amsterdam, Delhi, Mumbai, Shenzhen, Hong Kong and Dubai.

"Despite the unprecedented disruption to the world's economies, 2020 proved a strong year for MODIFI. As global supply chains were destabilized, SMEs found it harder to trade on favourable credit terms. We were well positioned to step in and address the needs of the market" says Holzner. "Our simple tech solutions allow us to digitally underwrite our customers and provide them with import and export financing in a matter of days."