LOS ANGELES, April 6, 2025 /PRNewswire/ — Nearly three-quarters of financial technology startups fail within their first three years due to preventable regulatory compliance issues, according to a new industry report released today.

The study, published by Los Angeles-based Hare Strategy Group, analyzed five years of data from over 400 fintech ventures and identified regulatory navigation as the primary factor determining success or failure in the rapidly growing sector.

“What’s striking about the data is how technical excellence alone doesn’t guarantee market success,” said Jeremy Hare, principal researcher and founder of the consulting firm that conducted the study. “The findings clearly show that early regulatory planning is as critical as product development.”

KEY FINDINGS HIGHLIGHT ACTIONABLE INSIGHTS

The comprehensive analysis, titled “Bridging the Compliance Gap: Critical Strategies for Fintech Success in 2025,” revealed several key insights for industry stakeholders:

Regulatory preparation in pre-seed stage increased survival rates by 64%Banking partnership integration issues caused 42% of failures among technically viable productsCross-border compliance challenges were the primary failure point for 58% of international expansion attemptsStartups with regulatory experts on their founding teams secured funding 2.8 times faster than those without

The report emerges as fintech investment reached $53 billion globally in 2024, despite ongoing concerns about regulatory uncertainty in the sector.

PRACTICAL FRAMEWORKS FOR IMPLEMENTATION

“This isn’t just academic research—it’s designed to provide practical, implementable strategies,” explained Hare, who previously managed hedge fund investments and covered financial markets for major news outlets. “We’ve created actionable frameworks specifically for fintech founders navigating their first regulatory hurdles.”

The study includes a regulatory roadmap template and partnership development toolkit, available as free downloads for industry professionals from the firm’s website.

Hare Strategy Group, founded in 2023, specializes in helping companies identify and navigate regulatory challenges in financial technology. The firm developed the research over a six-month period, including interviews with founders, regulators, and venture capital firms active in the fintech ecosystem.

“The timing of this research aligns with Q2 planning cycles when many fintech companies reassess their regulatory strategies,” added Hare. “We’re seeing increased interest from venture firms who want portfolio companies to address these issues earlier in their development.”

The executive summary and full report are available at www.harestrategygroup.com/fintech-report.

MEDIA CONTACT:
Media Relations
Hare Strategy Group
Los Angeles, CA
213-900-7426

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SOURCE Hare Strategy Group

Strategic Merger Strengthens Enabled Analytics’ Position as a Leading Salesforce Crest Partner with Enhanced U.S. Presence

LEWISVILLE, Texas and FRISCO, Texas, April 7, 2025 /PRNewswire/ — Enabled Analytics (EA), a global leader in Salesforce consulting services, today announced a strategic merger with Ventas Consulting, a respected U.S.-based Salesforce consulting firm. This strategic combination expands EA’s footprint in the United States while reinforcing its operations in India, Singapore, and Australia. The merger positions EA as a top-tier Salesforce Crest Partner, offering enhanced technical expertise and global delivery capabilities.

Effective April 8, 2025, Ventas Consulting will officially operate under the Enabled Analytics brand, creating a stronger Tier 2 Salesforce Services provider with expanded capabilities across multiple regions.

“This merger represents a significant milestone in our global growth strategy,” said Raghu Chittimalla, Co-Founder/CEO, and Ashok Chitiprolu, Co-Founder/Managing Partner of Enabled Analytics Inc. “By welcoming Ventas Consulting into the Enabled Analytics family, we’re combining our international delivery capabilities with Ventas’ U.S. presence and industry expertise. Together, we’re positioned to deliver measurable business outcomes for clients through our scale and technical depth.”

The merger enhances EA’s ability to support clients across North America and globally, strengthening its role in driving enterprise transformation.

Enhanced Leadership and Technical Excellence

The combined company will benefit from strengthened leadership, with Sandeep Korlapati continuing as CTO to lead global technology initiatives. Sandeep brings two decades of IT experience both in Accenture and startup environments, scaling startups to successful exits.

Richard Gonzales, founder of Ventas Consulting, joins Enabled Analytics as Chief Revenue Officer, focusing on sales growth strategy and future acquisition opportunities.

“After nearly 15 years of leading Ventas, I saw the opportunity to take our growth global. Joining Enabled Analytics allows us to scale our impact in the U.S. and deepen our reach in key international markets,” said Gonzales.

Global Delivery and Industry Reach

As a recognized leader in the Salesforce ecosystem, Enabled Analytics is equipped to deliver complex, multi-cloud Salesforce implementations backed by global delivery teams. The merger expands industry capabilities across Telecom, Manufacturing, E-commerce, Education, Financial Services, and Public Sector organizations.

About Enabled Analytics

Enabled Analytics is a premier Salesforce Crest Consulting Partner and ISV partner company renowned for delivering exceptional Salesforce-only solutions across the USA, Singapore, Australia, and India. As a distinguished Salesforce end-to-end Implementation and Consulting Partner, EA has successfully executed over 50 Salesforce projects for more than 40 global clients, leveraging products such as Sales & Service Cloud, CPQ, Experience Cloud, Commerce Cloud, Marketing Cloud, and MuleSoft. Our unwavering commitment to excellence is reflected in our outstanding Customer Satisfaction Values and an impressive rating of 4.95/5 on Salesforce AppExchange.

For more information, visit https://www.enabledanalytics.com/

About Ventas Consulting

Ventas Consulting, a Ridge Salesforce Partner in Texas, has delivered hundreds of cross-cloud projects since 2007. They have completed over 125 projects for more than 100 global clients, serving various sectors including Education, Manufacturing, E-commerce, Financial Services, and the Public Sector. Ventas collaborates closely with clients to understand their goals and create scalable, business-focused solutions.

For more information, visit https://ventasconsulting.com/

Media Contact:
Richard Gonzales
leadershipcommunications@enabledanalytics.com
214.491.8246

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LG continues its commitment to supporting mental health awareness, providing resources and support for students

ENGLEWOOD CLIFFS, N.J., April 6, 2025 /PRNewswire/ — LG Electronics USA, an Official NCAA Corporate Partner, is building on its commitment to supporting student well-being by partnering with the National Alliance on Mental Illness (NAMI) to provide support to the host schools of the 2025 NCAA Final Four Men’s and Women’s Tournaments. This year, LG is awarding University of Texas at San Antonio (UTSA), University of the Incarnate Word (UIW) and University of South Florida (USF) $10,000 each to bolster their local NAMI on Campus clubs and enhance mental health resources for students.

“Creating a supportive environment for mental health and well-being is paramount,” said Chris Jung, CEO of LG Electronics North America. “Through our partnership with NAMI and support for these universities, we aim to provide tangible resources that will foster students’ mental wellness.”

The donation will enable each university’s NAMI on Campus club to expand its programming, increase awareness of mental health resources and provide peer support for students facing challenges. In addition, each university will receive LG’s innovative Counter-Depth MAX™ refrigerator with Zero Clearance™ for their student meeting spaces.

“As a former college athlete, I know how powerful it is to have a community that’s got your back—on and off the court,” said Dan Gillison, Jr., CEO of NAMI. “That’s why I’m so grateful for LG’s continued partnership and their deep commitment to student mental health. With their support, we’re helping launch NAMI On Campus clubs in tournament host cities—creating space for students and student athletes to connect, learn, and lean on one another. Moments like the Final Four remind us that mental health is a team effort—and with LG on our team, we’re building something that lasts far beyond the game.”

“UTSA is committed to providing students with the resources they need to overcome barriers to their personal and professional success,” said LT Robinson, Senior Vice Provost for Student Affairs and Dean of Students at UTSA. “LG’s support will be a game-changer in our efforts to ensure that all students receive well-being support throughout their academic journey.”

“We’re so grateful for LG’s commitment to mental health,” said Dr. Kevin Milligan, Director of Behavioral Health Services at UIW. “This will help us create a more supportive campus community and bring greater awareness to mental health and the resources available to students.”

The initiative strengthens LG’s ongoing dedication to championing mental health awareness and resources for student-athletes and the broader campus community.

“Mental health is a vital part of overall health. In fact, mental health is a health, safety and performance strategic priority of the NCAA, endorsed by the NCAA Board of Governors,” added Dr. Deena Casiero, Chief Medical Officer of the NCAA. “The NCAA Mental Health Best Practices, which provide member schools with guidance for supporting student-athlete mental health, highlight the importance of creating healthy environments that promote well-being.  This collaboration between LG and NAMI will support NCAA member school efforts to foster mental health promoting environments.  We are grateful to LG and NAMI for their commitment to student-athlete mental health.”

In 2024, LG demonstrated this commitment through its creation of the LG Life’s Good Coaches Award, which recognized NCAA coaches who foster mental health awareness and created supportive environments for their student-athletes. Inaugural recipients included University of Washington women’s rowing coach Yasmin Farooq and Oklahoma Christian University men’s golf coach David Lynn, who were honored for their dedication to their athletes’ well-being. In addition to the recognition, LG provided cash and product donations to the coaches’ respective universities, further supporting mental health initiatives on campus. Nominations for the 2025 LG Life’s Good Coaches Award will begin later this month. For more information, visit www.lg.com/ncaa.

Additionally, LG’s Transparent Conversations podcast series, which launched in 2022, has provided a platform for candid discussions about student-athlete mental health challenges and practical coping tools. To learn more about LG’s partnership with the NCAA or listen to the Transparent Conversation podcast, visit  www.lg.com/us/transparent-conversations.

About LG Electronics USA
LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a $60-billion-plus global innovator in technology and manufacturing. In the United States, LG sells a wide range of innovative home appliances, home entertainment products, commercial displays, air conditioning systems, energy solutions and vehicle components. LG is an 11-time ENERGY STAR® Partner of the Year. www.LG.com.

About the National Alliance on Mental Illness (NAMI)
The National Alliance on Mental Illness is the nation’s largest grassroots mental health organization dedicated to building better lives for individuals and families affected by mental illness. Learn more at www.nami.org.

About NAMI On Campus
NAMI On Campus clubs work to end the stigma that makes it hard for students to talk about mental health and get the help they need. Clubs hold creative meetings, innovative awareness events, and offer signature NAMI programs through partnerships with NAMI State Organizations and Affiliates across the nation.

Media Contacts:

LG Electronics USA
Chris De Maria
christopher.demaria@lge.com
908-548-4515

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SOURCE LG Electronics USA