AI applications in financial services, including trading platforms, FinTech, risk management solutions, accounting systems, and wealth management technologies.
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.
LexisNexis Risk Solutions has completed its acquisition of IDVerse, a provider of AI-powered document authentication and fraud detection solutions, as announced in a press release. This acquisition aims to expand LexisNexis' capabilities in risk and fraud solutions.
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.
Mastercard and Feedzai have partnered to help financial institutions prevent AI-driven scams, leveraging Feedzai's fraud platform to deploy Mastercard's Consumer Fraud Risk solution globally.
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.
Sardine AI raises $70 million in Series C funding to expand its AI risk platform, aiming to improve fraud prevention and compliance efficiency for financial institutions.
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.
