WeMoney's A$12M Boost, S&P Global's AI Integration, and mShift's Generative AI Expansion

Hi there, Welcome to this week's edition of Finance AI Weekly. In this edition, we delve into a range of exciting developments in the world of AI and finance. WeMoney, an Australian fintech startup, has successfully raised A$12 million in a Series A funding round, with plans to enhance its AI capabilities and expand its engineering team. Meanwhile, S&P Global has integrated its commodities data with Microsoft 365 Copilot, aiming to simplify AI usage by providing comprehensive insights without the need for coding. Additionally, Millennial Shift Technologies (mShift) has expanded its partnership with Indemn AI to incorporate Generative AI solutions into its insurance platform, enhancing distribution and underwriting processes. In another collaboration, WealthFeed has teamed up with the Association of African American Financial Advisors (Quad-A) to provide advanced prospecting technology, assisting members in client identification and outreach automation. Stay tuned for more updates on these and other significant advancements in AI-driven financial services.

WeMoney Raises A$12 Million in Series A Funding

Australian fintech startup WeMoney has secured A$12 million in a Series A funding round led by Lance East Office, with participation from Mastercard. The funds will be used to enhance AI features and expand the engineering team. Read more

S&P Global Integrates Commodities Data with Microsoft 365 Copilot

S&P Global has introduced AI agent capabilities that integrate commodities data with Microsoft 365 Copilot, aiming to simplify AI implementation for users. Read more

mShift Expands Insurance Platform with Indemn AI

Millennial Shift Technologies (mShift) is enhancing its insurance platform by integrating Generative AI solutions from Indemn AI. This aims to improve distribution and underwriting processes, offering automation and tailored AI workflows. Read more

WealthFeed Partners with Quad-A for Prospecting Tech

WealthFeed has partnered with the Association of African American Financial Advisors (Quad-A) to offer its members advanced prospecting technology. This initiative is designed to aid in client identification and automate outreach strategies. Read more

CII Urges AI Regulation in Financial Services

The Chartered Insurance Institute (CII) has called for accountability frameworks and a skills strategy for AI in financial services, recommending mandatory validation and training to protect consumers. Read more

Trua Introduces TruaBroker for Compliance Automation

Trua has launched TruaBroker, a cloud-based platform designed to automate regulatory compliance for financial institutions, offering features like real-time monitoring and identity verification. Read more

MoneyThumb Secures Patent for AI Fraud Detection

On April 23, 2025, MoneyThumb announced it received a U.S. patent for its AI-driven Thumbprint® technology, designed to authenticate PDF documents and combat fraud in small business loan applications. Read more

Kaira Technologies Receives Investment from PEAK Capital Partners

On April 24, 2025, Kaira Technologies announced a significant investment from PEAK Capital Partners to boost its AI-powered financial services in Canada. Read more

Spendesk Partners with Dust for Custom AI Agents

French fintech Spendesk has teamed up with AI startup Dust to create custom AI assistants aimed at enhancing productivity and compliance within the organization. Read more

Deloitte Launches AI Platform for CFOs with AWS and Anthropic

Deloitte Consulting LLP has introduced AI Advantage for CFOs, an AI-powered analytics platform developed with AWS and Anthropic. This platform aims to enhance financial processes by automating workflows and generating insights from various data types. Read more

Youlify Secures $4.3 Million for AI-Driven Medical Billing

Youlify, an AI company founded by physicians, has raised $4.3 million in seed funding to enhance the efficiency of medical billing processes. The platform aims to automate revenue cycle management, improving payment speed and accuracy for healthcare providers. Read more

DataVisor Recognized as Leader in Forrester Wave for AML Solutions

DataVisor has been named a Leader in the Forrester Wave evaluation for Anti-Money-Laundering Solutions, noted for its AI-assisted features and compliance support. Read more

Moody's Develops 35 AI Agents for Finance

US-based financial services firm Moody's Corporation has developed 35 AI-driven agents to perform various tasks, marking a significant integration of generative AI into the financial sector. Read more

Kraken Uses AI to Expedite NinjaTrader Acquisition

Crypto exchange Kraken has agreed to acquire fintech company NinjaTrader for $1.5 billion, with the process expedited by AI technology from startup Termina. Read more

Paradigm Invests $50 Million in Nous Research

The venture firm Paradigm has invested $50 million in the decentralized AI startup Nous Research, valuing it at $1 billion. Nous aims to develop open-source AI models using blockchain technology. Read more

Standard Chartered Tests AI for Regulatory Compliance

Standard Chartered has collaborated with Singapore's A*STAR Institute of High Performance Computing to explore AI's role in enhancing regulatory compliance. The project focused on automating regulatory updates mapping, showing improvements in response quality and accuracy. Read more

Metric Secures Funding for Expansion and Launches AI Tool

Pakistani-founded fintech startup Metric has raised a seven-figure seed funding round to expand in the Gulf and Asia, and launched an AI tool named Max for financial insights. Read more

WebAccountPlus AI Launches Fintech Pilot with Cambodia's MISTI

WebAccountPlus AI Innovation Ltd. has initiated a fintech pilot project with Cambodia's MISTI, introducing the OpenEco Liberty™ concept to transform SME financing and economic governance. Read more

Omniwire and NowutalkAI Launch AI Voice Personal Banker

Omniwire and NowutalkAI have partnered to launch an AI Voice Personal Banker, a multilingual assistant for financial institutions. This solution uses 'Voice to Action' technology to enable voice command financial management in over 80 languages. Read more

WeMoney's A$12M Boost, S&P Global's AI Integration, and mShift's Generative AI Expansion - Finance AI Weekly #12

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