InvoiceCloud's Payment Solutions, Sapiens' Underwriting System and Datalign's Funding

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Welcome to this week's edition of Finance AI Weekly, where we delve into the latest advancements and partnerships in the realm of AI within the financial sector. This week, we highlight a series of strategic collaborations and funding rounds that underscore the growing integration of AI technologies in banking, insurance, and financial services. InvoiceCloud and POWERCONNECT.AI have joined forces to enhance digital payment processes, while Corridor Platforms and Google Cloud are focusing on AI governance in banking. Meanwhile, Datalign Advisory has secured significant seed funding to boost its AI platform for wealth management.

In other news, Sapiens International Corporation has launched an AI-enhanced underwriting system for insurers, and Finastra has introduced an AI assistant to streamline trade finance operations. Additionally, Markytics.AI and Sardine AI have raised funds to expand their AI capabilities in fraud prevention and financial services. These developments reflect the dynamic landscape of AI in finance, with companies leveraging technology to improve efficiency, compliance, and customer experience.

InvoiceCloud and POWERCONNECT.AI Partner for AI Payment Solutions

InvoiceCloud and POWERCONNECT.AI have teamed up to create integrated AI and payment solutions for utilities, focusing on enhancing customer experiences and improving digital payment processes. Read more

Corridor Platforms and Google Cloud Partner for AI Governance in Banking

Corridor Platforms has partnered with Google Cloud to help banks deploy generative AI applications with a focus on compliance and risk management. The collaboration centers on Corridor's GenGuardX platform to tackle governance challenges and improve AI technology ROI in the banking sector. Read more

Datalign Secures $9 Million Seed Funding

Datalign Advisory has received $9 million in seed funding from Link Ventures to enhance its AI platform for connecting consumers with financial advisors. The company aims to use the funds to advance its AI and machine learning capabilities in wealth management. Read more

Sapiens Launches UnderwritingPro v14 with AI for Insurers

Sapiens International Corporation has introduced Sapiens UnderwritingPro v14, an automated system for life and annuities insurers, featuring AI for better underwriting decisions and enhanced workflow management. Read more

Finastra Introduces AI Assistant for Trade Finance

Finastra has launched Assist.AI, an AI-powered assistant designed to enhance trade finance operations. Built on Microsoft Azure OpenAI Service, it aims to improve efficiency and support staff training in the trade finance sector. Read more

Markytics.AI Secures $500K Funding for AI Expansion

Markytics.AI has raised $500K in seed funding to enhance its AI solutions in the banking and financial services sector, focusing on loan collections, fraud detection, and customer management. Read more

Sardine AI Raises $70 Million for Fraud Prevention

Sardine AI has secured $70 million in Series C funding led by Activant Capital to enhance its AI-driven fraud prevention and compliance operations. The company aims to expand its AI agents for financial institutions, having already profiled over 2.2 billion devices and serving more than 300 enterprise customers. Read more

ReBloom Secures €400k Pre-Seed Funding

Copenhagen-based fintech startup ReBloom has raised €400k in a pre-seed funding round. The company aims to democratize access to unlisted stocks through its AI-driven platform. Read more

Mastercard Launches AI-Powered Anti-Money Laundering Service in Asia Pacific

Mastercard has launched 'Trace', an AI-powered service aimed at combating money laundering in the Asia Pacific region. The service is first being implemented in the Philippines in collaboration with BancNet. Read more

JustPaid and Veryfi Partner for AI Financial Management

JustPaid, an AI-powered revenue automation platform, has partnered with Veryfi, an OCR API platform, to enhance financial management for businesses by automating invoicing from sales contracts. Read more

CrimsonLogic and BDO Singapore Partner on AI Platform

CrimsonLogic and BDO Singapore have teamed up to develop 'AskBDO', a Generative AI advisory platform. This platform is designed to offer precise insights for professionals in legal, tax, and finance sectors. Read more

Brightwave and Quartr Partner for Enhanced Financial Data Analysis

Brightwave, an AI-driven research platform, has partnered with Quartr, a provider of earnings call data, to enhance data analysis for investment teams. This collaboration aims to improve efficiency in investment decision-making by integrating public market data with private deal documents. Read more

Standard Chartered and LSEG Launch AI FX Video Service

Standard Chartered and LSEG have introduced an AI platform that delivers foreign exchange analysis through one-minute videos for retail investors in Asia, starting in mainland China. Read more

Experian and ValidMind Partner for Model Risk Management

Experian has partnered with ValidMind to enhance model risk management for financial institutions by integrating Experian's Ascend Platform with ValidMind's solutions, aiming to improve regulatory compliance and operational risk management. Read more

Zelros and IBM Partner to Enhance Financial Services with AI

Zelros, an AI platform for banking and insurance, has partnered with IBM to utilize IBM watsonx, enhancing predictive analytics and machine learning capabilities. This collaboration aims to provide personalized advice and improve operational efficiency for clients in the financial sector. Read more

InvoiceCloud's Payment Solutions, Sapiens' Underwriting System and Datalign's Funding - Finance AI Weekly #2

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