Israeli fintech Vesttoo in talks with investors after fake collateral scandal

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Israeli fintech Vesttoo in talks with investors after fake collateral scandal
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Israeli fintech Vesttoo talks to investors after fake collateral scandal

LONDON, Aug 7 - Israeli fintech company Vesttoo is in "active discussions" with potential investors to find alternative collateral for clients after aVesttoo, which uses artificial intelligence technology to

connect the insurance industry and capital markets, is in contact with regulatory bodies worldwide, the spokesperson said in an emailed statement after discovery of fake letters of credit used on its platform.

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