To give you a sense of how big this business is, more than $55 trillion worth of transactions moves through the ACH channel annually, yet Polanco says for the most part, it remains mired in legacy technology. Her company wants to update the risk component by building a set of APIs that companies can tap into and understand the risk associated with a particular transaction. “We’re unbundling this risk assessment service and packaging it in the easiest way possible in the form of APIs and embedding it into the most critical payment use cases in the U.S.,” she said.

https://techcrunch.com/2020/10/06/nivelo-nabs-2-5m-seed-to-reduce-risk-in-digital-ach-payments/