S&P Global Integrates Financial Data with Anthropic's Claude
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PayToMe.co Joins AWS, UBS Unveils AI Analyst Avatars, and Alpha7x's Patent-Pending AI - Finance AI Weekly #16
May 26, 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 moves in the AI-driven financial sector. PayToMe.co has joined the AWS Strategic Startups Team, a move that will bolster its global expansion efforts and enhance investor connections. Meanwhile, UBS is leveraging AI to create lifelike avatars of its analysts, aiming to meet the growing demand for video content while allowing analysts to focus on more productive tasks.
Additionally, IRIS Software Group has made a minority investment in the AI-powered tax platform Instead, which aims to automate tax preparation for accountants. In another significant development, Alpha7x has secured patent-pending status for its AI-Agent Data and Document Orchestration Engine, designed to automate tasks in mortgage operations. These stories highlight the ongoing integration of AI technologies in various financial services, driving efficiency and innovation across the industry.
Welcome to this week's edition of Finance AI Weekly.
In this edition, we delve into the latest advancements and strategic moves in the AI-driven financial sector. PayToMe.co has joined the AWS Strategic Startups Team, a move that will bolster its global expansion efforts and enhance investor connections. Meanwhile, UBS is leveraging AI to create lifelike avatars of its analysts, aiming to meet the growing demand for video content while allowing analysts to focus on more productive tasks.
Additionally, IRIS Software Group has made a minority investment in the AI-powered tax platform Instead, which aims to automate tax preparation for accountants. In another significant development, Alpha7x has secured patent-pending status for its AI-Agent Data and Document Orchestration Engine, designed to automate tasks in mortgage operations. These stories highlight the ongoing integration of AI technologies in various financial services, driving efficiency and innovation across the industry.
PayToMe.co Joins AWS Strategic Startups Team
PayToMe.co, an AI-powered fintech marketplace, has been selected by the AWS Strategic Startups Team to receive technical and strategic support for its global expansion efforts. Read more
UBS Uses AI for Analyst Avatars in Video Research
UBS, a Zurich-based bank, is utilizing artificial intelligence to create lifelike avatars of its analysts for delivering research in video format to clients. This initiative aims to meet the growing demand for video content and enhance productivity. Read more
IRIS Software Group Invests in AI Tax Platform Instead
IRIS Software Group has made a minority investment in the AI-driven tax platform Instead, aiming to automate tax preparation for accountants and enhance product development and marketing. Read more
Roots Appoints Robin Spaulding as Head of Insurance
Roots has appointed Robin Spaulding as head of insurance to lead AI transformation efforts in claims and underwriting processes. Read more
Alpha7x Patent-Pending Status for AI in Mortgages
Alpha7x has received patent-pending status from the United States Patent & Trademark Office for its AI-Agent Data and Document Orchestration Engine, which aims to automate tasks in mortgage operations. Read more
CFOs Prioritize AI for Growth Amid Economic Challenges
A study by Coupa Software indicates that 40% of CFOs are prioritizing AI investments to drive growth in the face of economic uncertainty, with a focus on managing external threats and spend management. Read more
Ping An Insurance Launches AI Platform for Climate Risk Mitigation
Ping An Insurance has introduced the 'EagleX (Global Version)' platform, designed to assist in managing climate-related disasters through AI-powered risk assessments and alerts. Read more
Catena Labs Plans AI-Native Financial Institution with $18M Funding
Sean Neville, co-founder of Catena Labs, has announced plans to establish the first AI-native financial institution, backed by $18 million in seed funding led by a16z crypto. The initiative aims to overcome traditional financial system limitations for AI agents. Read more
Aveni Unveils FinLLM with Support from Lloyds and Nationwide
Aveni has launched FinLLM, a large language model tailored for financial services, with backing from Lloyds Banking Group and Nationwide. The model is designed to comply with FCA and EU AI Act standards. Read more
Temenos Introduces AI Tool for Banking Solutions
At the Temenos Community Forum ’25, Temenos unveiled the Product Manager Copilot, a Generative AI tool to aid banks in developing financial products more efficiently. Read more
JPMorgan Introduces AI-Generated Fraud Risk Score
JPMorgan Payments has launched an AI-generated Account Confidence Score to assist corporate clients in evaluating fraud risk prior to payments. The score analyzes accounts using factors like transaction history and known fraud to offer a risk status for fraud prevention. Read more
BingX Unveils $300 Million AI Initiative
BingX has announced a $300 million investment over three years to integrate AI into its cryptocurrency platform, aiming to enhance user experience and trading tools. Read more
ThreatMark Introduces ScamFlag to Tackle Digital Fraud
ThreatMark has launched ScamFlag, a Generative AI tool aimed at helping digital banks and customers detect scams with high accuracy, addressing a significant global fraud issue. Read more
Aderant Unveils Cloud Financial Apps for Law Firms
At the Momentum Global conference in Dallas, Aderant announced four new cloud-based financial management applications to enhance law firm operations with advanced AI capabilities. Read more
Greenlite AI Secures $15M for Compliance Automation
Greenlite AI has raised $15 million in Series A funding led by Greylock to enhance its AI platform for automating compliance in financial services. Read more
S&P Global Introduces AI Tool CreditCompanion
S&P Global has launched CreditCompanion™, a Generative AI application aimed at enhancing the RatingsDirect® platform on S&P Capital IQ Pro. The tool is designed to streamline credit research and analysis with advanced AI capabilities. Read more
AU10TIX Report Reveals New Fraud Technique 'Repeaters'
The Q1 2025 Global Identity Fraud Report by AU10TIX identifies a new fraud technique called 'Repeaters', highlighting a 33% increase in its use over the past year. Read more
Ping An Insurance Launches EagleX for Hailstorm Alerts in Beijing
On May 13, 2025, a severe hailstorm hit Beijing, and Ping An Insurance's EagleX platform provided early warnings, aiding in loss mitigation and claims processing. Read more
Codoxo Introduces 'Point Zero' in Payment Integrity
Codoxo has launched a new 'Point Zero' category aimed at improving payment integrity through pre-claim provider education, potentially saving payers $12 to $16 per member annually. Read more
PortfolioPilot.com Acquires Diversification.com for $1M
PortfolioPilot.com has acquired Diversification.com for $1 million to enhance its AI financial advisory services. The acquisition aims to improve portfolio diversification strategies for investors. Read more
MSCI and Intapp Partner to Enhance Market Intelligence
MSCI Inc. and Intapp, Inc. have announced a partnership to integrate MSCI's private assets data into Intapp's DealCloud platform, aiming to improve investment decision-making in private capital markets. Read more
Azentio Software Launches AI-Powered AML Solution
Azentio Software Pvt Ltd has introduced its next-generation Amlock anti-money laundering platform, featuring advanced AI and machine learning for improved detection and compliance in financial institutions. Read more
Persado Launches Marketing Compliance AI for Financial Services
Persado has introduced a new AI platform aimed at reducing legal review times for financial services marketing and legal teams by up to 90%. Read more
Frontier Wave Launches New AI Modules for Finance
On May 22, 2025, Frontier Wave Investment Alliance introduced new QuantFrame AI modules to improve market responsiveness and strategic forecasting for financial professionals. Read more
Ant Group's International Division Reports $3 Billion Revenue
Ant Group's international division, Ant International, reported nearly US$3 billion in revenue for 2024 as it plans a spinoff amid a business reorganization. This move follows regulatory challenges in China that affected its IPO plans in 2020. Read more
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