Ethos Raises $6M, FairPlay Secures $10M, and Alkami Acquires MANTL for $400M - Finance AI Weekly #5
March 10, 2025 -
Finance AI Weekly
Hi there,
Welcome to this week's edition of Finance AI Weekly.
In the world of AI and finance, Ethos has successfully raised $6 million in Seed funding to advance its AI risk management platform, with backing from Canapi Ventures, Capital One Ventures, and Better Tomorrow Ventures. Meanwhile, Raymond James has promoted Stuart Feld to Chief AI Officer, entrusting him with the task of leading AI initiatives to enhance services for advisors and clients.
In other news, FairPlay has secured a $10 million investment from JPMorganChase, Infinity Ventures, and Nyca Partners following a significant revenue increase. Additionally, GF Asset Management in Sydney has implemented INDATA's Architect AI to boost trading and investment operations, focusing on efficiency and automation in liquid fixed-income investments. Stay tuned for more updates on how AI continues to shape the financial landscape.
Ethos Raises $6 Million for AI Risk Management
Ethos, a model risk management platform based in New York, has secured $6 million in Seed funding. The funding round was led by Canapi Ventures and included participation from Capital One Ventures and Better Tomorrow Ventures. Read more
Stuart Feld Promoted to Chief AI Officer at Raymond James
Raymond James has promoted Stuart Feld to the position of Chief Artificial Intelligence Officer, where he will lead AI initiatives to enhance services for advisors and clients. Read more
FairPlay Secures $10M Investment
FairPlay, a Fairness-as-a-Service company, has received a $10 million investment from JPMorganChase, Infinity Ventures, and Nyca Partners following a significant revenue increase. Read more
GF Asset Management Implements INDATA's Architect AI in Sydney
GF Asset Management in Sydney has implemented INDATA's Architect AI OMS/PMS to enhance trading and investment operations, focusing on efficiency and automation in liquid fixed-income investments. Read more
Socure Introduces AI Copilot for Watchlist Screening
Socure has launched its AI Copilot to enhance its Global Watchlist Screening and Monitoring solution, aiming to reduce false positives and improve compliance efficiency. Read more
Ant International's Risk Tech Solutions Certified in Hong Kong
Ant International's Risk Tech Solutions, via AlipayHK, have been awarded the WDTA AI STR-02 certification at the DWC AI STR Forum in Hong Kong, highlighting their advanced AI risk management capabilities. Read more
HPS and Enigma Partner for AI Fraud Detection
HPS and Enigma have announced a strategic partnership to develop advanced AI fraud detection models. This collaboration aims to enhance security and efficiency for businesses globally by integrating Enigma's AI capabilities with HPS's payment platform. Read more
Alkami Acquires MANTL for $400 Million
Alkami Technology, Inc. has announced its acquisition of MANTL for $400 million. This move is set to enhance Alkami's account opening solutions by integrating MANTL's technology. Read more
DXC and ServiceNow Enhance AI for Insurance
DXC Technology and ServiceNow have expanded their partnership to launch DXC Assure BPM, an AI-powered solution designed to modernize the insurance industry by streamlining operations and improving customer satisfaction. Read more
Helios Secures $15.5M for Global Workforce Management
Helios Global Payments Solutions Inc, an AI-driven platform, has raised $15.5 million in seed funding to expand its workforce management solutions to over 125 countries. The funding will aid in simplifying global payroll and HR management. Read more
AdviserSoftware.com Launches AI Assessment Framework
AdviserSoftware.com has introduced the Adviser AI Tools Assessment Framework to assist financial advisers in evaluating AI-driven solutions globally. The framework covers key AI functionalities in markets such as the UK, US, Australia, New Zealand, and Canada, with future plans for Dubai. Read more
Papaya Global Partners with Sumsub for AI Fraud Prevention
Papaya Global, a workforce payroll and payments platform, has partnered with Sumsub, a verification and compliance solutions provider, to enhance fraud prevention and customer verification using AI technology. This collaboration aims to streamline compliance and improve operational efficiency for Papaya Global's clients, ensuring secure payment transfers worldwide. Read more
Huawei Unveils AI Framework for Finance at MWC 2025
At MWC Barcelona 2025, Huawei introduced its AI-powered R-A-A-S framework to enhance the resilience of financial institutions, supporting their digital transformation. Read more
CI Wealth Partners with Conquest for AI Financial Planning
CI Wealth, a division of CI Financial, has teamed up with Conquest Planning Inc. to offer an AI-driven financial planning platform to its advisors, aiming to improve personalized financial planning for clients. Read more
Axyon AI Appoints Giovanni Beliossi as Head of Investment Strategies
Axyon AI has appointed Giovanni Beliossi as Head of Investment Strategies. Beliossi, with over 25 years of experience, aims to enhance client experiences and connect quantitative investment teams with external stakeholders. Read more
Codoxo Launches AI Data Health Integrity Agent
Codoxo has introduced a new AI tool to improve data quality and reduce costs for healthcare payers by identifying and correcting data issues early. Read more
Banks Invest in Responsible AI Talent
A report by Evident Insights shows that banks are hiring AI governance professionals and conducting responsible AI research, with 41 out of 50 large banks employing dedicated staff. JPMorgan Chase leads in research output, marking a shift towards strategic AI implementation. Read more
Zeplyn Introduces AI Tools for Wealth Management
Zeplyn has launched new AI-driven practice management features to improve efficiency in wealth management firms. The tools focus on meeting preparation, compliance tracking, and client engagement. Read more
Deaglo Launches AI-Powered FX Assistant
Deaglo has launched the first AI-powered FX Assistant aimed at improving FX risk management for financial professionals. The tool offers real-time data analysis, trade recommendations, and automated hedging strategies. Read more
Depowise Expands to Germany, Appoints New Head
Depowise, an Estonian fintech startup, is expanding its operations to Germany and has appointed Frank Becker as head of solution engineering. The company focuses on automating oversight and transaction monitoring in the asset servicing sector. Read more
DeFi Technologies Acquires Majority Stake in Neuronomics AG
DeFi Technologies Inc. has acquired a 52.5% stake in Neuronomics AG, a Swiss firm focused on AI and quantitative trading. This move is intended to bolster DeFi Technologies' asset management and trading capabilities. Read more
LSEG Launches Global Account Verification Solution
London Stock Exchange Group has introduced its Global Account Verification solution in the APAC and EMEA regions to combat supplier fraud. The service offers real-time bank account ownership checks across 21 countries. Read more
Octa Broker Wins AI Award for Trading Platform
Octa Broker, a global CFD trading company, has received the 'Best Use of AI in Fintech 2025' award from Global Business Magazine. The award highlights its OctaTrader platform, which incorporates AI tools to enhance trading strategies. Read more
Jeel and Google Cloud Partner in Saudi Arabia
Jeel, the digital innovation branch of Riyad Bank, has partnered with Google Cloud to enhance AI, data analytics, and cloud computing solutions in Saudi Arabia. The collaboration focuses on supporting digital transformation across various sectors while adhering to regulations by the Saudi Central Bank. Read more
Brazil's Postal Service Seeks Blockchain and AI Solutions
The Empresa Brasileira de Correios e Telégrafos has started a pre-selection process for companies to provide blockchain and AI solutions to enhance its logistics and operations. Read more
Lloyds Banking Group Patents AI Cybersecurity Engine
Lloyds Banking Group has secured a patent for its Global Collaborations Engine, aimed at enhancing cybersecurity by accurately identifying threats and reducing false positives. The patent is granted in both the UK and US. Read more
ScamAdviser Discusses AI Scam Threats at MWC 2025
At Mobile World Congress 2025, ScamAdviser highlighted the increasing threat of AI-driven scams and the need for collaboration to combat these risks. Read more
Zocks Secures $13.8M for AI Platform
Zocks, an AI platform for financial advisors, raised $13.8 million in Series A funding led by Motive Ventures to enhance AI capabilities and expand in Europe. Read more
Lynx Tech Launches AI-Powered AML Screening Solution
Lynx Tech has launched an AI-driven Anti Money Laundering Screening Solution to help financial institutions identify high-risk individuals and entities, addressing evolving financial crime tactics and regulatory requirements. Read more
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