This week’s version of Finovate World appears to be like at current 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 corporations simplify, observe, and display their compliance with advanced laws.
AutoRek RegToolKit maps shopper services and products in opposition to regulatory necessities to make sure that corporations 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 strains and decreasing the audit burden. AutoRek RegToolKit makes use of an in-built breach register to establish compliance breaches, assign possession, and observe the method by way of to remediation, avoiding reliance on each spreadsheets and guide audits. The brand new providing enhances the corporate’s knowledge administration, reconciliation, and reporting platform offering a consolidated knowledge, governance, and oversight answer.
“Corporations are required to not solely management their knowledge, but additionally proof that their processes align with regulatory guidelines,” AutoRek Chief Product, Know-how, and Operations Officer Jim Sadler mentioned. “RegToolKit takes the complexity out of compliance by mapping guidelines to controls, monitoring non-conformity, and offering a whole 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 know-how displays the efficiency of reconciliations, disaggregating and categorizing excellent balances, highlighting escalation factors, and extra. AutoRek helps establishments transition away from spreadsheets and guide processes towards better management and effectivity.
FreeAgent Integrates with Sodium Software program, Energetic | UK
Edinburgh, Scotland-based fintech FreeAgent has introduced a handful of integrations in current days. First, the corporate reported that it had built-in with cloud-first workpapers and accounts platform Energetic | UK. Energetic works with core accounting methods to spice up accuracy and standardize workflows. The partnership will allow customers to mechanically import knowledge from FreeAgent into Energetic 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 follow 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 shopper knowledge immediately and straight monitor the standing of shoppers. In a LinkedIn publish, FreeAgent added that additional performance, together with automated billing and bookkeeping insights, is “coming quickly.”
Based in 2001, Energetic | UK is celebrating its twenty fifth yr as a know-how companion for accounting companies. A division of Energetic by Enterprise Australia, Energetic | UK helps corporations standardize processes and workflows to make sure that all workforce members are working in the identical method. Energetic | UK gives automated accounting workflows to seamlessly populate and sync knowledge, and an intuitive Excel break up pane that offers customers better management and transparency over figures and calculations.
Formally in public beta, Sodium Software program was launched in late 2025 as a follow administration platform for UK accountants. Whereas seeing follow administration as “the inspiration,” 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 flexibility to make each shopper and bulk updates.
FreeAgent made its Finovate debut at FinovateEurope 2013 in London. Based in 2007, the corporate immediately 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 beneath our radar: Unbiased 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 permits corporations to make context-aware credit score and threat selections inside stay buyer journeys. Leveraging open banking to securely entry and analyze transaction-level knowledge, Atto’s know-how 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 straight into the buyer journey, will use Atto’s monetary intelligence answer to supply better flexibility in how financing and safety merchandise are designed and delivered.
The acquisition can even allow Atto to make the most of Wrisk’s OEM relationships, supply functionality, and controlled working framework to deploy its capabilities throughout a broader vary of markets and use instances.
“Atto has constructed a reputable monetary intelligence and credit score scoring platform with real-world enterprise use,” Wrisk Chief Government Officer Nimesh Patel mentioned. “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 progress,” Atto Strategic Programme Advisor Rob Knight mentioned. “We’ve confirmed the worth of open banking-driven credit score intelligence with enterprise shoppers, 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 straight into stay finance and safety journeys.”
Right here is our take a look at fintech innovation all over the world.
Center East and Northern Africa
We Are Tech Africa profiled Algerian fintech platform Gifty, which gives a single app for buying, billpay, cell top-ups, and digital reward playing cards.
MENA-based fintech Community Worldwide and ADCB Egypt went stay with FICO Falcon Fraud Supervisor.
The Occasions 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 patrons in Mexico.
Jamaica Observers profiled monetary wellness app Quatta which fits stay this month.
Asia-Pacific
Mizuho Monetary Group selected FIS’ Stability 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 threat administration service supplier Creditinfo introduced its entry into the Uganda market.
African Islamic neobank Nyla partnered with Mambu because it goes stay in Ghana and readies for West African growth.
Nigerian fintech Thrifto launched a platform to assist digitize conventional group financial savings scheme akin to Ajo and Esusu,
Central and Jap Europe
Commerzbank and Berlin, Germany’s Hawk introduced a collaboration to leverage AI to optimize inside banking processes akin to preventing cash laundering.
Berlin-based AAZZUR cast 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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