This week’s version of Finovate World appears at latest fintech headlines from Scotland.
AutoRek Launches RegToolKit
Automated reconciliation and monetary management options supplier AutoRek has launched its AutoRek RegToolKit. The brand new providing will assist monetary providers firms simplify, observe, and display their compliance with advanced rules.
AutoRek RegToolKit maps consumer services towards regulatory necessities to make sure that firms can change into compliant in addition to show their compliance with regulatory authorities. The answer options an applicability matrix throughout regulatory necessities, enterprise dangers, and mitigating controls, offering a complete overview for all authorized entities and product traces and decreasing the audit burden. AutoRek RegToolKit makes use of an in-built breach register to determine compliance breaches, assign possession, and observe the method by to remediation, avoiding reliance on each spreadsheets and handbook audits. The brand new providing enhances the corporate’s knowledge administration, reconciliation, and reporting platform offering a consolidated knowledge, governance, and oversight answer.
“Companies are required to not solely management their knowledge, but in addition proof that their processes align with regulatory guidelines,” AutoRek Chief Product, Know-how, and Operations Officer Jim Sadler stated. “RegToolKit takes the complexity out of compliance by mapping guidelines to controls, monitoring non-conformity, and offering an entire audit path. Mixed with our reconciliation platform, it permits companies to attain full end-to-end monetary management and compliance.”
Based in 1994, AutoRek made its Finovate debut at FinovateEurope 2023. On the convention, the Glasgow, Scotland-based regtech demonstrated how its intuitive, configurable dashboards assist companies handle the ache factors within the reconciliation course of. The corporate’s machine learning-based expertise screens the efficiency of reconciliations, disaggregating and categorizing excellent balances, highlighting escalation factors, and extra. AutoRek helps establishments transition away from spreadsheets and handbook processes towards larger management and effectivity.
FreeAgent Integrates with Sodium Software program, Lively | UK
Edinburgh, Scotland-based fintech FreeAgent has introduced a handful of integrations in latest days. First, the corporate reported that it had built-in with cloud-first workpapers and accounts platform Lively | UK. Lively works with core accounting techniques to spice up accuracy and standardize workflows. The partnership will allow customers to mechanically import knowledge from FreeAgent into Lively Workpapers, decreasing the potential for human error and enabling quicker, extra constant reporting.
Second, simply this week FreeAgent reported that it has built-in with accounting observe administration platform Sodium Software program. The partnership is designed to assist accounting professionals and groups within the UK streamline CRM, proposals, workflows, invoicing, and extra. Connecting FreeAgent accounts to Sodium will allow accountants and groups to sync consumer knowledge immediately and immediately monitor the standing of purchasers. In a LinkedIn publish, FreeAgent added that additional performance, together with automated billing and bookkeeping insights, is “coming quickly.”
Based in 2001, Lively | UK is celebrating its twenty fifth 12 months as a expertise accomplice for accounting companies. A division of Lively by Enterprise Australia, Lively | UK helps firms standardize processes and workflows to make sure that all workforce members are working in the identical method. Lively | UK presents automated accounting workflows to seamlessly populate and sync knowledge, and an intuitive Excel break up pane that provides customers larger management and transparency over figures and calculations.
Formally in public beta, Sodium Software program was launched in late 2025 as a observe administration platform for UK accountants. Whereas seeing observe administration as “the muse,” the corporate has famous that its roadmap extends past this to incorporate AML, funds, accounts manufacturing, and extra. Sodium Software program lately unveiled new options together with limitless customized fields, pricing tiers, and the power to make each consumer and bulk updates.
FreeAgent made its Finovate debut at FinovateEurope 2013 in London. Based in 2007, the corporate as we speak has greater than 200,000 small companies, accountants, and bookkeepers utilizing its accounting software program
Insurtech Wrisk Acquires Atto, previously DirectID
Right here’s some M&A information from final month that slipped below our radar: Impartial embedded insurtech platform for the automotive OEM sector Wrisk has acquired real-time monetary intelligence platform Atto. Phrases of the transaction weren’t disclosed.
Atto allows firms to make context-aware credit score and danger choices inside dwell buyer journeys. Leveraging open banking to securely entry and analyze transaction-level knowledge, Atto’s expertise transforms it into actionable insights that may be embedded into regulated, enterprise-grade buyer experiences. Wrisk, which companions with automotive OEMs to embed insurance coverage immediately into the buyer journey, will use Atto’s monetary intelligence answer to supply larger flexibility in how financing and safety merchandise are designed and delivered.
The acquisition may also allow Atto to benefit from Wrisk’s OEM relationships, supply functionality, and controlled working framework to deploy its capabilities throughout a broader vary of markets and use circumstances.
“Atto has constructed a reputable monetary intelligence and credit score scoring platform with real-world enterprise use,” Wrisk Chief Govt Officer Nimesh Patel stated. “Becoming a member of Wrisk permits us to mix that intelligence with a supply layer that serves manufacturers and different companions at scale.”
Edinburgh, Scotland-based Atto rebranded from DirectID in 2024. DirectID was launched in 2016 because the flagship product of James Varga’s The ID Firm (which itself was a rebrand of Varga’s miiCard, a digital verification firm and Finovate alum based in 2011).
“Becoming a member of Wrisk represents a pure subsequent part in Atto’s development,” Atto Strategic Programme Advisor Rob Knight stated. “We have now confirmed the worth of open banking-driven credit score intelligence with enterprise purchasers, and Wrisk brings the regulated working framework and supply functionality required to deploy that intelligence at scale. Collectively we are able to embed credit score decisioning, affordability, and actionable insights immediately into dwell finance and safety journeys.”
Right here is our take a look at fintech innovation world wide.
Center East and Northern Africa
We Are Tech Africa profiled Algerian fintech platform Gifty, which presents a single app for purchasing, billpay, cell top-ups, and digital reward playing cards.
MENA-based fintech Community Worldwide and ADCB Egypt went dwell with FICO Falcon Fraud Supervisor.
The Instances of Israel checked out how momentum from 2025 will drive the Israeli fintech trade in 2026.
Central and Southern Asia
Latin America and the Caribbean
Santander teamed up with Visa to check agentic funds in markets in Latin America.
DriveWealth introduced a partnership with Latin American neobank Banco Ualá to assist it launch a brand new inventory investing service for purchasers in Mexico.
Jamaica Observers profiled monetary wellness app Quatta which matches dwell this month.
Asia-Pacific
Mizuho Monetary Group selected FIS’ Steadiness Sheet Supervisor to assist it navigate new regulatory reporting necessities in Japan.
Indonesia-based digital credit score unicorn Kredivo acquired Vietnamese digital financial institution Timo.
Mastercard introduced a collaboration between its cash motion platform, Mastercard Transfer, and Financial institution of Shanghai.
Sub-Saharan Africa
UK-based worldwide credit score info and danger administration service supplier Creditinfo introduced its entry into the Uganda market.
African Islamic neobank Nyla partnered with Mambu because it goes dwell in Ghana and readies for West African growth.
Nigerian fintech Thrifto launched a platform to assist digitize conventional group financial savings scheme comparable to Ajo and Esusu,
Central and Japanese Europe
Commerzbank and Berlin, Germany’s Hawk introduced a collaboration to leverage AI to optimize inside banking processes comparable to combating cash laundering.
Berlin-based AAZZUR solid a partnership with Estonian digital cash establishment Wallester.
Romanian P2P lending platform Fagura secured funding from Bravva Angels, named “FinTech of the Yr” at 2026 Romanian Startup Awards.
Picture by Jure Tufekcic on Unsplash
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