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FintechWerx International Software Services, Inc. ( (TSE:WERX) ) has shared an announcement.
FintechWerx International Software Services Inc. has signed a non-binding letter of intent with 1470500 BC Ltd. to obtain an exclusive worldwide license for the Vendor’s High Risk Shield technology and to acquire an equity stake in the Vendor, with consideration to be paid in a mix of cash and FintechWerx shares, subject to due diligence, definitive agreements, and regulatory approvals. High Risk Shield is a device intelligence and fraud mitigation platform aimed at identifying high-risk users, automated traffic, and bad actors in digital commerce and other high-risk online environments, and the contemplated exclusive license is intended to expand FintechWerx’s fraud prevention capabilities and bolster its strategy of delivering scalable, practical risk and fraud solutions across its payments-focused platform, potentially strengthening its competitive positioning in high-risk merchant segments.
More about FintechWerx International Software Services, Inc.
FintechWerx International Software Services Inc. is a financial technology company that provides onboarding, payments, identity verification, fraud mitigation, and data services to merchants, independent sales organizations, and payment service providers, positioning itself as an integrated alternative to using multiple separate providers in the payments ecosystem.
Average Trading Volume: 1,051,034
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$101.7M
For detailed information about WERX stock, go to TipRanks’ Stock Analysis page.