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IndustryUpdate

FintechOS worked with Microsoft over the past 18
months to align the platform with Azure-based security
and AI standards.

Kraken Financial receives Federal
Reserve master account
Payward Inc. said Kraken Financial, its Wyoming-
chartered bank, received a Federal Reserve master
account, becoming the first digital asset bank to gain
direct access to the Fed's payment infrastructure. The
approval allows Kraken Financial to connect directly to
U.S. payment rails such as Fedwire without relying on
intermediary banks, enabling faster settlement and more
efficient movement of fiat funds for institutional clients.

Kraken Financial operates as a Wyoming Special Purpose
Depository Institution on a full-reserve model, hold-
ing liquid assets equal to or exceeding client deposits.
The company said the new connectivity strengthens its
infrastructure strategy and could support future ser-
ANNOUNCEMENTS vices linking regulated fiat liquidity with digital asset
markets.
Alchemy Pay obtains Delaware Payabli named to 2026 Forbes Fintech 50
Money Transmitter License
Payabli was named to the 2026 Forbes Fintech 50, mark-
Alchemy Pay obtained a Money Transmitter License ing its first appearance on the annual list, which recog-
in Delaware, expanding its regulatory footprint in the nizes innovative private fintech companies in the United
United States as it builds a compliant infrastructure for States. Forbes evaluates hundreds of firms each year
fiat-to-crypto payments. The license authorizes the com- based on factors such as product innovation, revenue
pany to provide regulated money transmission services growth and market impact. Payabli provides embedded
in the state under the supervision of the Delaware Office payments infrastructure for vertical software platforms
of the State Bank Commissioner. through its Pay In, Pay Out and Pay Ops capabilities,
allowing software providers to integrate payment accep-
With the addition of Delaware, Alchemy Pay now holds tance, payouts and operational tools into their products.
Money Transmitter Licenses in 15 U.S. states and has
additional applications pending. The company said the The company recently expanded features including
expanded regulatory coverage supports its plans to scale SoftPOS, mobile check capture, AI-driven risk and
compliant crypto on-ramps and off-ramps and advance compliance tools. Payabli said it has achieved fourfold
future initiatives, including the launch of its own stable- year-over-year growth and now supports more than 100
coin and blockchain network, Alchemy Chain. vertical SaaS platforms.

FintechOS now a Microsoft Solutions Partner RESEARCH
FintechOS earned Microsoft's Solutions Partner with
certified software designation for Financial Services U.S. companies stifled by legacy finance systems
AI, recognizing that its FintechOS 8 platform meets
Microsoft standards for interoperability, security, gov- U.S. companies face significantly higher compliance
ernance and responsible AI. Built on Microsoft Cloud, risks than their European counterparts, according to a
the platform is designed to help financial institutions new survey from Basware. The study, based on respons-
move AI initiatives from pilot programs into regulated es from 400 finance leaders at companies with more than
production environments. FintechOS 8 integrates prod- $1 billion in revenue, found that U.S. businesses are five
ucts, workflows and AI into a unified operating system times more likely to pay regulatory fines, seven times
intended to support banks and insurers modernizing more likely to experience fraud and nine times more
legacy systems. likely to uncover compliance issues during audits.

The company said the platform enables features such as The report links the gap largely to fragmented compli-
automated document ingestion, underwriting support ance processes and limited use of digital tools.
and workflow orchestration.

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