Optherium Labs receives funding from IRETH. Security experts are pushing the industry boundaries with investment in blockchain-based neobanking services.
NEW YORK –
FinTech experts at Optherium Labs have taken another step forward in their efforts to revolutionize neobanking with blockchain, receiving a pre-series A investment from security experts at IRETH, based in Italy. Announced on September 1, 2021, this investment forms a solid relationship between two companies paving the way for secure financial service delivery.
Optherium Labs, operating under the umbrella of Omnibek AG, provides SaaS services to large financial institutions, businesses and startups looking to capitalize on the evolving consumer sentiment regarding digital banking. Their blockchain-based infrastructure brings a new level of security to the delivery of financial services at a time when data breaches and fraud are top concerns for consumers. IRETH, which specializes in the development and delivery of authentication and secure transactions, made the following statement regarding the investment in OMNIBEK’s FinTech platform:
“Together, OMNIBEK and IRETH can offer a more complete and secure solution [neobanking] platform, thanks to their infrastructure as a service technology, enriched with advanced authentication and anti-fraud functionalities.
The investment follows an in-depth consumer survey by Optherium Labs and a business partner that finds the public is increasingly interested in digital-only banking. The survey also shows that consumers are interested in developing financial relationships with non-banking institutions. With over 90% of consumers having at least one significant financial relationship with a large business, and the average consumer having nearly a dozen, this partnership aims to provide businesses with the security they need to tap into a growing customer base.
Considering the enhanced functionality provided by the Optherium platform, they are well positioned to take advantage of this expanding market through the use of their innovative solutions:
- A neobank white-label platform offering customizable financial services
- An automated Regtech platform that streamlines onboarding and administrative processes
- Datavault storage which uses multi-decentralized registers for military-grade security
- Biometric connections that remove the need for insecure password credentials
Optherium Labs is a blockchain-based FinTech service created under parent company OMNIBEK. The SaaS solution is designed for legacy financial institutions, large corporations and capital-intensive startups, helping them take advantage of the growing popularity of digital-only banking services. Optherium Labs head office is located in New York, while R&D takes place in Tallinn, Estonia.