SAP Fioneer Introduces AI Agent for Financial Services
Jul 01
Groundley Raises €970K, Westpac Fights Scams with AI, and Eunice Launches Stablecoin Compliance - Finance AI Weekly #17
June 02, 2025 -
Finance AI Weekly
Hi there,
Welcome to this week's edition of Finance AI Weekly.
In this edition, we bring you a range of exciting developments in the world of AI in finance. Groundley, a Copenhagen-based FinTech startup, has successfully raised €970K in Seed funding to enhance its AI-driven platform, which focuses on providing financial insights and sustainability tracking for large enterprises. Meanwhile, Eunice is launching a new compliance service for the stablecoin sector, aimed at assisting with due diligence and monitoring as regulatory clarity continues to evolve.
On the corporate front, Ajman Bank has appointed Tahir Turksoy as the new Head of Fintech & AI, where he will lead digital transformation efforts within the Consumer Banking Division. Additionally, Westpac has introduced an AI tool designed to combat phone scams, enhancing real-time detection and prevention capabilities for customer service teams. In another strategic move, Westpac has also appointed Andrew McMullan as its new Chief Data, Digital and AI Officer, who will focus on leveraging data analytics and responsible AI to improve customer experiences.
Welcome to this week's edition of Finance AI Weekly.
In this edition, we bring you a range of exciting developments in the world of AI in finance. Groundley, a Copenhagen-based FinTech startup, has successfully raised €970K in Seed funding to enhance its AI-driven platform, which focuses on providing financial insights and sustainability tracking for large enterprises. Meanwhile, Eunice is launching a new compliance service for the stablecoin sector, aimed at assisting with due diligence and monitoring as regulatory clarity continues to evolve.
On the corporate front, Ajman Bank has appointed Tahir Turksoy as the new Head of Fintech & AI, where he will lead digital transformation efforts within the Consumer Banking Division. Additionally, Westpac has introduced an AI tool designed to combat phone scams, enhancing real-time detection and prevention capabilities for customer service teams. In another strategic move, Westpac has also appointed Andrew McMullan as its new Chief Data, Digital and AI Officer, who will focus on leveraging data analytics and responsible AI to improve customer experiences.
Groundley Raises €970K for AI Finance Platform
Copenhagen-based FinTech startup Groundley has secured €970K in Seed funding to enhance its AI-driven platform for financial insights and sustainability tracking in large enterprises. Read more
Eunice Launches Compliance Service for Stablecoins
Eunice, an AI fintech company, is introducing a new due diligence and monitoring service for the stablecoin sector. This service aims to assist custodians, fintechs, and regulators in meeting compliance requirements as the market expands. Read more
Westpac Introduces AI to Fight Phone Scams
Australian bank Westpac has launched an AI tool aimed at helping customer service teams detect and prevent phone scams in real-time. Read more
Solidus Labs Introduces AI System HALO for Trade Surveillance
Solidus Labs has launched HALO, an AI platform aimed at enhancing trade surveillance workflows in financial institutions, focusing on compliance and regulatory reporting. Read more
Ant International Unveils AI Model for Finance
Singapore-based Ant International has launched the Time-Series Transformer AI model to predict trading volumes and reduce costs in financial services. Read more
Ajman Bank Appoints New Head of Fintech & AI
Ajman Bank has appointed Tahir Turksoy as the Head of Fintech & AI in its Consumer Banking Division, starting April 7, 2025. He will lead digital transformation initiatives within the bank. Read more
bolttech Partners with AWS for AI Enhancement
Singapore-based insurtech firm bolttech is collaborating with Amazon Web Services (AWS) to implement generative AI tools to improve customer service and automate workflows. Read more
Stratyfy and Parlay Finance Partner to Improve Small Business Lending
Credit decisioning fintech Stratyfy and loan intelligence system Parlay Finance have partnered to enhance lending processes for small businesses by combining AI technologies. Read more
Westpac Appoints New Chief Data, Digital and AI Officer
Westpac has appointed Andrew McMullan as its new Chief Data, Digital and AI Officer, starting in September 2025. His role will focus on improving customer experience through data analytics and AI. Read more
Gail Raises $8.2M for AI Platform in Finance
Miami-based startup Gail has secured $8.2 million in seed funding to develop an AI platform for the financial services sector, with plans to launch GailGPT. Read more
Scottish Widows and Sprout.ai Use AI for Insurance Claims
Scottish Widows has partnered with Sprout.ai to trial AI technology aimed at expediting the processing of life and critical illness insurance claims in the UK. Read more
Trans-Fi Launches AI-Powered BizPay Platform
Global payment infrastructure firm Trans-Fi has introduced BizPay, a platform for instant cross-border transactions using AI for dynamic routing. Read more
FSS Appoints Rishi Verma as Head of AI Centre
FSS has appointed Rishi Verma as the Head of its Artificial Intelligence Centre of Excellence. This move is aimed at advancing AI-first product design and operational intelligence within the Indian payments ecosystem. Read more
Teachers Federal Credit Union Cuts Loan Decision Time with AI
Teachers Federal Credit Union has reduced its loan decision time by 75% through the use of an AI-powered underwriting tool from Corridor Platforms. Read more
AEON Introduces AI Payment System for Crypto Commerce
AEON has unveiled AI Payment, a framework enabling AI agents to autonomously conduct transactions using cryptocurrency in various retail settings. Read more
Flybits Launches XRCard for AR Banking
On May 27, 2025, Flybits announced XRCard, a new banking technology combining generative AI and augmented reality, enabling users to manage finances via smart glasses. Read more
FAYBL Launches AI Agent on Iress's Xplan
FAYBL has introduced its Autonomous General Agent on Iress's Xplan platform, aiming to streamline financial advisory processes for over 35,000 users in Australia. Read more
AI Enhancements Boost Lending for Upstart, LendingClub, and Affirm
During the recent earnings season, Upstart, LendingClub, and Affirm reported AI-driven improvements in loan underwriting and credit performance, highlighting significant growth and automation in their lending processes. Read more
CoreTrust and Ramp Partner for AI Financial Solutions
CoreTrust has teamed up with Ramp to offer AI-driven financial solutions, enhancing efficiency and expense management for businesses. Read more
Fannie Mae Partners with Palantir for AI Fraud Detection
Fannie Mae has announced a partnership with Palantir to enhance fraud detection in the U.S. mortgage market using AI technology. Read more
NICE Actimize Integrates AI into SURVEIL-X
NICE Actimize has integrated Generative AI into its SURVEIL-X solution to enhance detection of market abuse and conduct risks, aiming to reduce false positives significantly. Read more
Chargebacks911 Names Donald Kossmann as CTO
Chargebacks911 has appointed Donald Kossmann as its new Chief Technology Officer to spearhead AI-driven innovation in payment fraud protection. Read more
TIFIN @Work Partners with HUB International
TIFIN @Work has partnered with HUB International to integrate its AI platform into HUB's FinPath, aiming to enhance engagement in retirement plans. Read more
Rillet Secures $25M from Sequoia for AI Ledger Automation
Rillet has raised $25 million in Series A funding from Sequoia Capital to advance its AI-powered general ledger software, aimed at automating accounting for medium-sized businesses. Read more
PingPong Expands Payment Platform with New Licences and AI
PingPong has expanded its B2B cross-border payments platform by obtaining new licences in the UAE and Malaysia, and integrating AI tools to enhance services. Read more
NICE Actimize Announces ENGAGE 2025 Conference
NICE Actimize has announced ENGAGE 2025, a conference on fraud and financial crime risk management, to be held in New York with over 200 companies and 1000 executives attending. Read more
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