AI applications in financial services, including trading platforms, FinTech, risk management solutions, accounting systems, and wealth management technologies.
Accelitas has patented a new technology to optimize ACH processing by identifying invalid bank routing and account number pairs, reducing costs and improving customer experience.
Huber Management has announced a new corporate bond research team focused on AI and quantum computing sectors, aiming to provide clients with insights into investment opportunities.
Lockchain.ai has closed a $5 million Series A funding round to expand its AI-powered blockchain risk management platform, announced in a press release. The funding will support the development of new features to improve speed and efficiency for cryptocurrency portfolio management.
Juniper Research predicts a 427% increase in global Open Banking API calls by 2029, driven by AI integration for personalized banking solutions.
Dow Jones has announced the acquisition of Dragonfly Intelligence and Oxford Analytica from FiscalNote for $40 million, as stated in a press release. The deal is expected to close in the first quarter of 2025.
Federal Reserve Vice Chair Michael Barr discussed the potential economic impacts of Generative AI, outlining two scenarios for its evolution and implications for various sectors.
Waterdrop Inc. has partnered with DeepSeek to integrate AI technology into its insurance services, aiming to transform traditional insurance processes.
CredCore has announced a $16 million Series A funding round led by Avataar Ventures to advance its AI-driven solutions for enterprise debt investment.
BGM Group Ltd. has announced the creation of the Duxiaobao Management Committee to spearhead AI-driven transformation in the insurance industry.
Ascendion and Axos Bank have partnered to enhance Axos Bank's Zenith platform with AI-driven solutions, aiming to improve customer experiences and operational efficiencies.
Tiger Brokers has integrated DeepSeek's AI model into its TigerGPT chatbot, enhancing investment support capabilities for users in China and Singapore, according to Reuters.
Toronto-based fintech startup Glassbox has raised $1.2 million in pre-seed funding to transform financial modeling with AI, announced in a press release. The funds will help expand their team and launch their AI-compatible platform.
Napier AI has announced the establishment of a new Centre of Excellence in Belfast, Northern Ireland, creating 106 jobs. The office will focus on advancing financial crime compliance technologies.
Corridor Platforms collaborates with Google Cloud to provide banks with robust GenAI governance solutions, ensuring compliance and risk management.
Finmo has raised $18.5 million in a Series A funding round co-led by Quona Capital and PayPal Ventures, as announced in a press release. The funds will be used to accelerate product development and expand global reach.
JustPaid and Veryfi, both Y Combinator-backed companies, have partnered to streamline financial management through AI, enhancing invoice automation and revenue operations.
Sapiens International Corporation has released UnderwritingPro v14, an advanced automated underwriting system for life and annuities insurers, featuring AI-driven capabilities and enhanced communication tools.
Datalign Advisory has secured $9 million in seed funding, with $5 million from Link Ventures, to enhance its AI-powered financial advisory platform.
Finastra has introduced Assist.AI, an AI-powered assistant designed to improve trade finance operations, utilizing Microsoft Azure OpenAI Service.
Brazilian startup Neofin has raised $7 million in a seed round led by Quona and Upload Ventures to advance its AI-driven accounts receivable platform. The funds will be used to develop new features and expand AI capabilities.
Weekly newsletter about AI in finance. Covers AI-driven trading, fintech innovations, and data analytics transforming markets
