What Finray Technologies does

Finray Technologies Ltd is a Cyprus-incorporated (Limassol) fintech software company founded in 2023, with engineering operations based in Zürich, that builds core-banking, transaction-monitoring, and governance/risk/compliance (GRC) infrastructure for regulated financial institutions. Its stack is composed of three independently sellable platforms — Corebanq (an atomic double-entry ledger with multi-currency multi-entity accounts and SIC, SEPA, SWIFT, and instant-rail payments that uses continuous reconciliation rather than end-of-day reconstruction), XZiel (a fiat and crypto transaction-risk and screening engine with sanctions, PEP, and adverse-media coverage and an alert-to-disposition case workflow), and Ordinis (a governance, risk, compliance, and internal-control evidence platform that captures controls, risks, approvals, and incidents at the moment of action). The three platforms share models and explicit integrations so that double-entry posting, risk evaluation, and control evidence are written together at the point of action, eliminating manual reconciliation between separate systems.

The company targets Swiss FINMA-authorised Art. 1b FinTech institutions, EU/EEA PSD2-licensed PI/EMI and MiCA-authorised CASPs, UK FCA-authorised PI/EMI and cryptoasset firms, and Canadian FINTRAC-registered MSB/FMSB and RPAA-regulated PSPs, with secondary reach into payment-and-treasury operators and custody-adjacent digital-asset businesses. Four applied solutions — SwissKonto (corporate banking experience on Corebanq), Zahlex (payment operations on Corebanq and XZiel, registered in the SIX Interbank Clearing service-provider context), BitKonto (digital-asset treasury on Corebanq with Fireblocks-backed key management), and Pync (ISMS compliance on Ordinis) — extend the platform stack into specific regulatory and operational contexts.

Revenue is generated through subscription licensing of the three platforms, deployed as multi-tenant Cloud SaaS, single-tenant Private SaaS, or Enterprise License (on-premise or private cloud), with onboarding and configuration services (typically two to four weeks) embedded in the engagement. Distribution is direct to enterprise buyers via a briefing-request intake routed to a partnership desk, supported by an editorial content engine (Finray Intelligence) that publishes vendor-neutral regulatory radars and licensing registers, and by integration partnerships with Plumery (customer experience), Fireblocks (custody), TRM Labs (blockchain intelligence), OpenSanctions (screening data), and SIX Group. The company holds ISO/IEC 27001:2022 company-level ISMS certification (Certificate No. 215646, issued by NQA under UKAS accreditation, valid October 2025 to October 2028), completed independent penetration testing in April 2026, and entered a strategic partnership with TRM Labs in February 2026.

Name

Finray Technologies

Legal name

Finray Technologies Ltd.

Website

https://finray.tech

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

Finray Technologies builds core-banking, transaction-monitoring, and GRC platforms for regulated financial institutions in Europe, the UK, and Canada. Its three independently sellable platforms share state to produce audit-ready evidence at write time rather than through post-hoc reconciliation.

Ownership category

akta.pro rank

Product category

Core Banking & Compliance Infrastructure (RegTech)

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Other Activities Related to Credit Intermediation (522390)

SIC

Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Interoperability Monitoring, Analytics & Compliance (bridge risk scoring, forensics, alerts) (FSAPAKAJ)

akta.pro secondary industries

Tokenization, Network Vaults & Credential Management (FSAGABAF), Blockchain Data & Indexing Infrastructure for Finance (Nodes, Indexers, Oracles) (FSAGAMAL), Compliance Identity & KYC/KYB for Wallets (on-chain identity, reusable KYC, travel rule tooling) (FSAPACAL)

Keywords

• Core banking platform
• Transaction monitoring
• Regulatory compliance software
• Sanctions screening
• Crypto compliance monitoring

Headquarters

HQ city

Limassol

HQ country

Cyprus

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Software Platform Licensing: Finray licenses its three platforms — Corebanq, XZiel, and Ordinis — to regulated financial institutions. Each platform stands alone; customers can adopt one or more. Platforms are sold independently with deployment options including multi-tenant Cloud SaaS, single-tenant Private SaaS, and Enterprise License (on-premise or private cloud). Full workflow configuration and onboarding supported by Finray's team.
2. Professional Services: Onboarding, workflow configuration (typically two to four weeks), and implementation support provided by Finray's team as part of the deployment engagement. Not a separate disclosed line item but embedded in the sales and delivery motion.
3. API and Integration Access: XZiel production API reference issued under briefing scope alongside test-environment access. Corebanq exposes typed JSON-over-HTTPS API for postings, accounts, payments, and event stream. Both issued under briefing scope, suggesting licensing revenue tied to API access tiers.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Finray Technologies provides core banking infrastructure and compliance/GRC platforms for regulated financial institutions through three integrated platforms: Corebanq (atomic double-entry ledger with continuous reconciliation across SIC, SEPA, SWIFT and instant payment rails), XZiel (transaction risk monitoring with sanctions/PEP screening and native TRM Labs blockchain intelligence for 190+ chains), and Ordinis (governance, risk, and internal-control evidence captured at the moment of action). The three platforms share state through an immutable event stream so that ledger posting, risk evaluation, and audit evidence are written together in a single model with no manual reconciliation, and each platform is sold independently with multi-tenant Cloud SaaS, single-tenant Private SaaS, or Enterprise License (on-premise/private cloud) deployment.

Product overview

Finray Technologies provides core infrastructure and control systems for regulated finance through three interconnected platforms — Corebanq (core banking ledger and payments), XZiel (transaction risk monitoring), and Ordinis (internal control and governance) — plus four applied solutions. Corebanq runs the ledger and payment operations with atomic double-entry posting and continuous reconciliation. XZiel runs the risk surface with unified fiat and crypto transaction monitoring including TRM Labs blockchain intelligence. Ordinis runs the internal-control evidence capturing controls, risks, and approvals at write time. The platforms share models and explicit integrations — state moves between them without manual reconciliation. Applied solutions (SwissKonto, Zahlex, BitKonto, Pync) extend the three platforms into specific regulated domains.

Differentiator

Problem solved

Functional benefit

Brands

• Corebanq: Core banking infrastructure platform — atomic double-entry ledger, multi-currency accounts, payment rail operations (SIC, SEPA, SWIFT, instant payments), continuous reconciliation, and immutable event stream for regulated financial institutions.
• XZiel
• Ordinis
• SwissKonto
• Zahlex
• BitKonto
• Pync

Products and services

• Corebanq Core banking infrastructure for regulated financial institutions — an atomic double-entry ledger with continuous reconciliation, multi-currency and multi-entity accounts model, and SIC, SEPA, SWIFT and instant payment rails, supported by an immutable event stream that serves as the audit record.
• XZiel Transaction risk, screening, and investigations platform for regulated financial operations — deterministic rule engine, sanctions/PEP/adverse-media screening, alert-to-disposition case workflow, audit-ready decision records, and explainable 0–100 risk scoring across fiat and crypto rails in one operational surface.
• Ordinis Governance, risk, compliance, and internal-control evidence platform that captures controls, risks, approvals, and incidents at the moment of action with an append-only audit chain and AI suggestions operating inside a privacy-safe synthesis pipeline with human-in-the-loop review.
• SwissKonto
• Zahlex Payment operations module with validation, enrichment, and exception handling across SIC, SEPA, SWIFT, and instant rails; registered as a SIX Interbank Clearing service provider and integrates with XZiel for transaction risk.
• BitKonto Digital-asset treasury operations built on Corebanq with Fireblocks-backed key management for managing tokenized treasury, regulated custody, and on-chain settlement.
• Pync ISMS compliance workflow built on Ordinis — tasks, approvals, and controls for compliance operations teams.

Quantifiable outcome

• Go live in days with existing TRM API key; full workflow configuration within two to four weeks
• +4 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability5 records

Feature8 records

Partnerships

Two partnerships are on record, tiered core and minor.

• TRM LabscoreTechnology or Integration · 24 February 2026Strategic partnership integrating TRM Labs blockchain intelligence into Finray's XZiel compliance engine for unified crypto and fiat transaction monitoring. Announced 24 February 2026. Integration covers alert triage, escalation, case management, and risk assessment across Bitcoin, Ethereum, Tron, and 190+ blockchains. On-chain risk signals appear in the same case workflow as fiat-rail risk with one audit log covering both surfaces. Generally available to existing TRM and Finray customers; full workflow configuration typically takes 2–4 weeks. Addresses EU MiCA regulation and ESMA supervisory guidance requirements for unified crypto-fiat compliance monitoring. TRM Labs valued at over $1 billion following a funding round.
• PlumeryminorImplementation/ SI/ Consulting PartnerPlumery (Amsterdam) is an authorized integration partner for Corebanq. Provides the headless, API-first customer experience layer — web and mobile banking applications, pre-built journeys, MACH-architecture cloud services — on top of Corebanq's account and payment APIs. Institutions adopting Corebanq can use Plumery's pre-integrated UI components to reduce frontend build effort. Finray Technologies and Plumery B.V. are independent contractors; neither party is an agent of the other.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Market position

Strengths4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Finray Technologies