Stripe Introduces AI Model, Bloomberg's Bond Expansion, and Coinbase's Protocol - Finance AI Weekly #14
May 12, 2025 -
Finance AI Weekly
Hi there,
Welcome to this week's edition of Finance AI Weekly.
In this edition, we delve into the latest advancements and strategic partnerships shaping the financial technology landscape. Vanguard has introduced a Generative AI tool designed to assist financial advisors in crafting personalized client communications by summarizing market perspectives. Meanwhile, Caplight Technologies has secured a patent for its AI-driven pricing feed, which aims to bring greater transparency to private company stock valuations. Broadridge Financial Solutions has enhanced its OpsGPT® platform with new capabilities to boost operational efficiency in financial services.
Additionally, JPMorgan has credited artificial intelligence for its recent boost in sales and client growth, highlighting the transformative impact of AI in navigating market challenges. In Africa, Marasoft Pay is expanding its AI-driven fintech solutions to enhance digital payments across the continent, with plans to extend its reach to Ghana, Kenya, and South Africa. At the Simply Payments 2025 event in Dubai, FSS showcased AI-driven innovations aimed at improving operational efficiency and consumer engagement in the financial sector.
Welcome to this week's edition of Finance AI Weekly.
In this edition, we delve into the latest advancements and strategic partnerships shaping the financial technology landscape. Vanguard has introduced a Generative AI tool designed to assist financial advisors in crafting personalized client communications by summarizing market perspectives. Meanwhile, Caplight Technologies has secured a patent for its AI-driven pricing feed, which aims to bring greater transparency to private company stock valuations. Broadridge Financial Solutions has enhanced its OpsGPT® platform with new capabilities to boost operational efficiency in financial services.
Additionally, JPMorgan has credited artificial intelligence for its recent boost in sales and client growth, highlighting the transformative impact of AI in navigating market challenges. In Africa, Marasoft Pay is expanding its AI-driven fintech solutions to enhance digital payments across the continent, with plans to extend its reach to Ghana, Kenya, and South Africa. At the Simply Payments 2025 event in Dubai, FSS showcased AI-driven innovations aimed at improving operational efficiency and consumer engagement in the financial sector.
Vanguard Introduces AI Summaries for Advisors
Vanguard has launched a Generative AI tool to help financial advisors create personalized client communications by summarizing market perspectives. Read more
Caplight Technologies Receives Patent for AI Pricing Feed
Caplight Technologies has been granted a patent for its AI-driven method to estimate private company stock prices, enhancing transparency in private markets. Read more
Broadridge Enhances OpsGPT® with New Capabilities
Broadridge Financial Solutions has announced enhancements to its OpsGPT® platform, focusing on fails research, inventory optimization, and email integration automation to improve operational efficiency in financial services. Read more
JPMorgan Credits AI for Boost in Sales and Client Growth
JPMorgan reported that artificial intelligence significantly contributed to increased sales and client acquisition during recent market challenges. Read more
Marasoft Pay Expands AI-Driven Fintech in Africa
Marasoft Pay, a fintech company from Nigeria, is using AI to enhance digital payments across Africa, with plans to expand into Ghana, Kenya, and South Africa. Read more
FSS Highlights AI Payment Innovations at Dubai Event
At the Simply Payments 2025 event in Dubai, FSS demonstrated AI-driven solutions for enhancing operational efficiency and consumer engagement in the financial sector. Read more
Anura Solutions and InsurAds Partner for AI-Driven Ad Fraud Detection
Anura Solutions has partnered with InsurAds to integrate advanced fraud detection into InsurAds' digital advertising insurance, enhancing protection and performance for advertisers. Read more
Avalara Appoints New CFO and CLO
Avalara has announced the appointment of Sydney Carey as Chief Financial Officer and Karyn Smith as Chief Legal Officer. They will join the executive team to support the global demand for Avalara's AI-powered tax compliance software. Read more
XY Miners Secures $70M for AI Cloud Mining Expansion
XY Miners has secured $70 million in Series B financing to enhance its AI-based cloud mining infrastructure, aiming to improve user returns by 20% and expand green energy data centers globally. Read more
Bloomberg Expands IBVAL to Emerging Market Bonds
Bloomberg has expanded its AI-powered pricing solution, Intraday BVAL (IBVAL) Front Office, to include emerging market bonds, aiming to enhance pricing transparency in international bond markets. Read more
Frontier Wave Launches Fintech Platform with QuantFrame AI
The Frontier Wave Investment Alliance has introduced a new fintech platform utilizing QuantFrame AI to improve investment strategies with intelligent trading and data analytics. Read more
xAI, Palantir, and TWG Global Partner for AI in Finance
xAI, Palantir, and TWG Global have announced a partnership to enhance AI integration in the financial services sector, aiming to improve adoption and drive growth. Read more
Plaid Integrates MCP Server with Anthropic's Claude AI
Plaid has launched its Model Context Protocol Server, integrating with Anthropic's Claude AI assistant. This aims to enhance fintech development by improving operational efficiency and product innovation through a conversational interface. Read more
Shelter Insurance Adopts AI for Fraud Detection
Shelter Insurance has partnered with Shift Technology to implement an AI-driven solution for detecting fraud in auto and property insurance claims, aiming to improve claim investigations and profitability. Read more
Coinbase Introduces x402 Protocol for AI Transactions
On May 6, 2025, Coinbase announced the x402 payments protocol, enabling AI agents to perform instant stablecoin transactions autonomously over the internet. Read more
TomoCredit Appoints Former Finicity CEO to Board
TomoCredit, an AI fintech startup, has appointed Steve Smith, former CEO of Finicity, to its board to enhance its financial wellness platform. Read more
CredCore Partners with FactSet for AI in Debt Markets
CredCore has partnered with FactSet to integrate FactSet's Debt Capital Structure DataFeed into its platform, aiming to enhance AI solutions in the enterprise credit market. Read more
Liberate and Snapsheet Partner for AI Claims Automation
On May 7, 2025, Liberate and Snapsheet announced a partnership to integrate AI-driven automation into claims management, aiming to enhance efficiency and customer service for insurance carriers. Read more
OakNorth Partners with OpenAI for AI Integration
UK-based digital bank OakNorth has partnered with OpenAI to integrate generative AI technologies into its banking operations, aiming to enhance customer experiences and operational efficiency. Read more
Stripe Introduces AI Model and Stablecoin Accounts
At its annual event, Stripe unveiled an AI foundation model for payments and stablecoin financial accounts, aiming to enhance global payment services. Read more
Sikoia and Mast Partner for AI Document Processing
London-based fintech Sikoia has teamed up with Mast to integrate AI-powered document processing into mortgage lending services, aiming to enhance efficiency and accuracy. Read more
Square 9 Softworks and Deluxe Partner for Automation
Square 9 Softworks and Deluxe have announced a strategic partnership to automate invoice-to-payment processes, aiming to streamline workflows and improve cash flow management. Read more
Una Software Unveils AI Innovations and Secures $4.4M Funding
Una Software introduced new AI-driven tools for Financial Planning & Analysis and announced $4.4 million in additional funding at the 2025 Gartner CFO Conference. Read more
Bradesco Uses AI on FICO to Combat Fraud
Brazilian bank Bradesco has adopted an AI solution on the FICO platform to enhance fraud prevention, processing 1 billion transactions monthly and doubling approval speed. Read more
Concirrus Appoints New Product Manager
Concirrus has appointed Steve O'Reilly as Product Manager to enhance underwriting and streamline operations in the insurance sector. Read more
Juice Raises £25M to Tackle UK SME Funding Gap
Fintech company Juice has secured £25 million in funding to offer alternative financial solutions for UK SMEs, addressing a significant £22 billion funding gap. Read more
SIFMA and Arteria AI Partner for US Treasury Clearing
The partnership between SIFMA and Arteria AI aims to create a data-driven platform to aid US Treasury clearing participants in meeting new SEC rules for central clearing of securities repurchase transactions. Read more
Akur8 Partners with PTI for Pricing Strategy in Vietnam
Akur8, a Paris-based InsurTech, has teamed up with Vietnam's PTI to utilize its machine learning pricing platform, aiming to enhance insurance pricing strategies. Read more
IMD Report Highlights AI Maturity in Financial Services
A report by IMD outlines the significance of AI maturity in financial services, featuring successful examples from firms like Visa, Barclays, and JPMorgan Chase. Read more
payabl. and Sift Collaborate on AI Fraud Prevention
European fintech payabl. has teamed up with Sift to integrate AI-driven fraud prevention into its platform, aiming to reduce fraud and improve transaction processes for merchants. Read more
Ant International and Barclays Collaborate on AI FX Model
Ant International has partnered with Barclays to enhance global treasury management using an AI-powered foreign exchange model, aiming to improve efficiency and decision-making. Read more
UniCredit Partners with Google Cloud for Digital Transformation
UniCredit has entered a 10-year agreement with Google Cloud to advance its digital transformation by migrating key applications to the cloud and leveraging AI and data analytics across 13 markets. Read more
Egune AI Receives $3.5 Million Investment from Golomt Bank
Mongolian startup Egune AI has secured a $3.5 million USD investment from Golomt Bank to enhance AI infrastructure in Mongolia, boosting its valuation to $38.5 million USD. Read more
myCOI Introduces AI Platform illumend for Insurance Compliance
myCOI has launched illumend, an AI-driven platform to automate third-party insurance compliance management, offering features like instant compliance feedback and AI tools for contract analysis. Read more
Lloyd’s of London Offers AI Malfunction Insurance
Insurers at Lloyd’s of London have introduced a new insurance product to cover financial losses from AI malfunctions, with a focus on chatbot failures. Read more
IHC Launches AI Reinsurance Platform with BlackRock and Lunate
IHC has introduced an AI-powered reinsurance platform in collaboration with BlackRock and Lunate, targeting the Middle East and Asia with over $10 billion in initial liabilities. Read more
WebAccountPlus and MISTI Launch AI Finance Platform for Cambodian SMEs
Swiss fintech company WebAccountPlus has partnered with Cambodia's MISTI to launch an AI-driven finance platform. This initiative aims to support SMEs as part of Cambodia's Digital Roadmap 2035, with a pilot project targeting the integration of 750,000 SMEs over three years. Read more
YäRKEN Secures Funding from 1982 Ventures for North American Expansion
YäRKEN, an AI-native IT Financial Management platform, has received investment from 1982 Ventures to boost its AI capabilities and grow its presence in North America. Read more
ChainGPT Introduces AIVM Blockchain for AI
On May 8, 2025, ChainGPT unveiled its AIVM Whitepaper, outlining a new Layer-1 blockchain aimed at decentralizing AI development and infrastructure. Read more
UnitedHealth Group Develops 1,000 AI Applications
UnitedHealth Group has announced the development of 1,000 AI applications to enhance claims processing and healthcare services. The company emphasizes a responsible approach, ensuring AI will not be used to deny claims. Read more
Extend Launches Open-Source AI Toolkit for Financial Data
Extend has introduced an open-source AI toolkit designed to enhance financial data analysis and management for businesses. The toolkit supports various AI frameworks and integrates with Extend's API, facilitating advanced analytics and automation without requiring system overhauls. Read more
MAPFRE Introduces AI Manifesto and Global AI Center
MAPFRE has launched a Manifesto for Humanistic, Ethical, and Responsible AI, and opened a global AI Center to enhance strategy and innovation across Spain, Brazil, and the U.S. Read more
Zest AI Introduces LuLu Strategy Module for Financial Institutions
Zest AI has launched the LuLu Strategy module to enhance its generative AI platform, providing financial institutions with advanced lending insights and simulations. Read more
U.S. Bank Streamlines Global Payments
The article reports on how U.S. Bank is attempting to simplify global payment processes amidst a competitive and collaborative financial environment. Read more
Feedzai Report: AI Drives Over 50% of Financial Fraud
A report by Feedzai indicates that over half of financial fraud cases involve AI, with criminals leveraging generative AI for deepfakes and phishing. In response, 90% of banks are using AI to combat fraud, facing challenges in ethical use and data management. Read more
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