NAGA, the Hamburg-based, Frankfurt-listed fintech company, has announced the integration of two tools from iSAM Securities

NAGA, the Hamburg-based, Frankfurt-listed fintech company, has announced the integration of two tools from iSAM Securities: Radar, a risk analytics platform, and Apex, a liquidity bridge. NAGA operates a multi-asset app spanning CFDs, stock and ETF investing, crypto, copy trading, and neo-banking, reporting more than 2.6 million users across over 100 countries. The integration is intended to give NAGA's risk and dealing teams real-time visibility into client activity, exposure, and execution quality.

The most notable component is Radar's "Network Alerts" feature, which identifies linked accounts and trading patterns across iSAM's broader network of broker clients, not just NAGA's own user base. This allows risk teams to flag whether a client's account details suggest they hold accounts with other brokers as well. Neither company has disclosed how many brokers contribute data to this network or how client information is anonymized. NAGA's Head of Projects, Philip Tatarov, said the tools provide "the real-time visibility and execution control they need to scale confidently."

This partnership reflects a broader industry pattern. iSAM has increasingly embedded Radar into major trading platforms such as DXtrade and cTrader rather than selling it solely as a standalone product. NAGA's adoption represents a direct implementation of that same technology. Competing providers, including Centroid Solutions and Tools for Brokers, are developing comparable risk and analytics offerings, signaling growing demand in this segment.

Notably, NAGA's recent financial performance suggests its growth is currently driven more by cost discipline than by expanding trading volume. The company reported its first profitable first quarter in 2026, with net profit of €0.5 million compared to a €1.7 million loss the prior year, though revenue declined to €14.4 million. New user registrations increased, but funded accounts decreased over the same period. This context is worth considering alongside the announcement's framing of the integration as support for future volume growth.

Here at RHR, we partner with a number of businesses in this sector, helping achieve results like this by supporting the growth of internal teams.

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What this means for hiring. Tools like Radar give risk and dealing teams more data to act on, and more brokers are adopting them. Risk analysts and dealers who can work with these platforms will be in demand.