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IndustryUpdate
CorServ a Best Place to Work in Fintech
CorServ, a provider of credit card issuing solutions
for banks and fintechs, was named one of American
Banker's 2025 Best Places to Work in Fintech, ranking
sixth on the list. This marks CorServ's fourth consecutive
year receiving the honor. The recognition is based on a
two-part evaluation: an anonymous employee survey
measuring satisfaction and workplace culture, and a
review of company policies and practices. Corserv CEO
Anil Goyal credited the team's trust, collaboration and
passion for the achievement. Founded in 2009, CorServ
specializes in commercial and virtual card programs,
with a focus on U.S.-based service and technology excel-
lence.
Agentic AI ransomware an
imminent threat, KnowBe4 says
Cybersecurity platform KnowBe4 warned that agen-
tic AI ransomware—automated, AI-driven ransomware
ANNOUNCEMENTS attacks—will soon pose a major threat. Announced
on International Anti-Ransomware Day, the predic-
tion comes amid rising ransomware payments, which
Billtrust celebrates 2025 Trailblazer Award winners averaged $2.73 million in 2024. Agentic AI ransomware
uses bots to carry out every stage of an attack—gaining
Billtrust honored standout clients at its 2025 Trailblazer access, analyzing environments, and launching targeted,
Awards ceremony on May 14, 2025, during the Billtrust escalating assaults—all faster and more efficiently than
Insight conference. The awards recognize excellence current methods. KnowBe4's Roger Grimes urges early
in digital transformation of order-to-cash process- defensive adoption of AI tools, noting that cybercrimi-
es. Charles Edwards of SRS and Heritage Family of nals typically weaponize new technologies within six to
Companies was named Champion of the Year for inno- 12 months.
vative AR integration. AvidXchange earned Partner
of the Year, while Cintas' Kerry Banks and Scott Hess Transactix aims for new era in Canadian payments
entered the Hall of Fame.
Transactix Financial Inc. launched the Open Value
Other honorees included Dobbs Truck Group, Worldpac, Network, stating it is a unified payments platform
Edges Electrical Group, Inspire Medical Systems, 84 designed to reduce the high fees and inefficiencies
Lumber and Peak Industrial, which were honored for plaguing Canada's financial system. Based in Calgary,
their sustainability, payments automation, customer Transactix aims to make transferring digital value—
experience and AI-driven credit management. tokens, points, credits, stablecoins, crypto or fiat—as fast
and affordable as sending a text.
Binance joins Association for
Women in Cryptocurrency OVN uses modern, blockchain-native infrastructure to
eliminate outdated costs imposed by legacy systems
Binance is now a sponsor of the Association for Women and dominant financial institutions, the company stated,
in Cryptocurrency, a global community dedicated adding that the platform supports fintech innovation,
to advancing education, inclusion and opportunities advocates for regulatory modernization and promotes
for women in cryptocurrency, blockchain and Web3. economic sovereignty. OVN, Transactix believes, is posi-
Binance, committed to promoting financial freedom and tioned to empower consumers, drive fintech growth and
equity, aims to help ensure women are active partici- help Canada remain competitive in the global digital
pants in shaping the future of digital finance. As part of currency landscape.
this partnership, Binance will support
AWIC's educational, mentoring and networking initia- RESEARCH
tives and collaborate on broader efforts to foster gender
equality in the industry. AWIC CEO Amanda Wick In-app wallets becoming go
praised Binance's commitment, highlighting its inclu- to tool for saving, earning
sive workforce and support for women's leadership in
crypto. As consumers face rising living costs, new research from
Mangopay highlights growing adoption of in-app wal-
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