SAP Fioneer Introduces AI Agent for Financial Services
Jul 01
OwlTing's AI Integration, Axiom's $50M Boost, and JPMorgan's LLM Suite Triumph - Finance AI Weekly #18
June 09, 2025 -
Finance AI Weekly
Hi there,
Welcome to this week's edition of Finance AI Weekly.
In today's rapidly evolving financial landscape, OwlTing has made a significant move by integrating AI into its OwlPay Harbor payment API, aiming to streamline developer onboarding and enhance global crypto-to-fiat transactions. Meanwhile, Axiom, an AI startup founded by Stanford PhD student Carina Hong, has successfully raised $50 million to advance its math-solving AI technology for quantitative finance, reaching a valuation of $300 million.
In other news, PayToMe.co has joined the prestigious NVIDIA Inception Program, gaining access to valuable AI resources and support. Additionally, Scripta Insights has partnered with RxSaveCard to offer self-insured employers innovative solutions for reducing prescription drug costs. On the funding front, AgentSmyth and FISPAN have secured significant investments to further develop their respective platforms, while JPMorganChase's LLM Suite has been recognized for its innovative contributions to the banking sector.
Welcome to this week's edition of Finance AI Weekly.
In today's rapidly evolving financial landscape, OwlTing has made a significant move by integrating AI into its OwlPay Harbor payment API, aiming to streamline developer onboarding and enhance global crypto-to-fiat transactions. Meanwhile, Axiom, an AI startup founded by Stanford PhD student Carina Hong, has successfully raised $50 million to advance its math-solving AI technology for quantitative finance, reaching a valuation of $300 million.
In other news, PayToMe.co has joined the prestigious NVIDIA Inception Program, gaining access to valuable AI resources and support. Additionally, Scripta Insights has partnered with RxSaveCard to offer self-insured employers innovative solutions for reducing prescription drug costs. On the funding front, AgentSmyth and FISPAN have secured significant investments to further develop their respective platforms, while JPMorganChase's LLM Suite has been recognized for its innovative contributions to the banking sector.
OwlTing Adds AI to OwlPay Harbor
OwlTing has integrated AI features into its payment API, OwlPay Harbor, to improve developer onboarding and payment services, including secure crypto-to-fiat conversions. Read more
Axiom AI Startup Raises $50 Million
Axiom, an AI startup founded by Stanford PhD student Carina Hong, has raised $50 million to develop advanced math-solving AI for quantitative finance, with a current valuation of $300 million. Read more
PayToMe.co Joins NVIDIA Inception Program
PayToMe.co, an AI-powered fintech platform, has been accepted into the NVIDIA Inception Program, placing it among the top 1% of AI startups worldwide. Read more
Scripta Insights Partners with RxSaveCard
Scripta Insights has partnered with RxSaveCard to help self-insured employers reduce prescription drug costs and enhance fiduciary compliance by integrating low-cost cash pay options into their platform. Read more
AgentSmyth Secures $8.7 Million Seed Funding
AgentSmyth has raised $8.7 million in a Seed funding round led by FinTech Collective and Thomson Reuters to enhance its autonomous trading platform for institutional investors. Read more
FISPAN Secures $30 Million Series B Funding
FISPAN has raised $30 million in Series B funding led by Canapi Ventures to enhance its embedded banking solutions for mid-market businesses. The funding will be used for product development, market expansion, and talent acquisition. Read more
JPMorganChase's LLM Suite Wins Innovation Award
At the DIGITAL BANKING 2025 conference, JPMorganChase's LLM Suite received the grand prize for Innovation of the Year by American Banker, recognizing its use of generative AI to improve efficiency for over 200,000 employees. Read more
Crabi Secures $13.6M for AI Auto Insurance in Mexico
Crabi has raised $13.6 million to expand its AI-driven auto insurance services in Mexico, aiming to reduce the high rate of uninsured vehicles in the country. Read more
Vantagepoint A.I. Expands ETF Coverage
Vantagepoint A.I. has expanded its ETF coverage by adding over 70 new funds across 10 sectors, including technology and healthcare, to enhance predictive insights for traders. Read more
FinOps Foundation Introduces AI Training and Certification
The FinOps Foundation has launched a new training and certification series called 'FinOps Certified: FinOps for AI' to help manage AI-related cloud spending, announced at the FinOps X conference in San Diego. Read more
ThetaRay and Spayce Partner to Enhance Payment Security
ThetaRay and Spayce have announced a strategic partnership to enhance global payment security and combat financial crime using Cognitive AI. Read more
Burstverse AI Secures Seed Funding for DeFi Platform
On June 4, 2025, Burstverse AI Limited announced it has closed its seed funding round to develop an AI-driven decentralized finance platform. The funding will aid in product development, team expansion, and the launch of the Burstverse Beta. Read more
Saphyre Wins AI Innovation Award
Saphyre has been awarded the 'Innovation in AI' Award by Global Custodian for its AI-driven advancements in financial services. The platform is recognized for improving processes like onboarding and trade management for major financial institutions. Read more
TeamSec Expands Board with New Appointments
TeamSec has appointed Ayman Sejiny, Alex Wiedmer, and Neeraj Makin to its board of directors to enhance its AI-powered securitization and fintech capabilities. Read more
BridgeWise Introduces SignalWise for AI Market Insights
BridgeWise has launched SignalWise, an AI-powered tool offering personalized alerts and insights for trading platforms and financial advisors, aiming to improve decision-making in volatile markets. Read more
Appian Launches AI-Powered Claims Management Solution
On June 4, 2025, Appian introduced Connected Claims 2.0, an AI-driven platform designed to enhance the efficiency of insurance claims management. Read more
Dime Community Bank Partners with Quantifind for Sanctions Screening
Dime Community Bank has selected Quantifind's AI platform to enhance its sanctions screening processes, aiming to bolster compliance efforts. Read more
Markel Partners with Insurate for AI-Driven Workers Compensation
On June 5, 2025, Markel Insurance announced a strategic collaboration with Insurate to enhance middle-market workers compensation using AI and safety scoring. Read more
Ant International Launches Alipay+ GenAI Cockpit
Ant International has unveiled the Alipay+ GenAI Cockpit, an AI platform designed to aid fintechs and super apps in creating advanced financial services, with deployments starting in June 2025. Read more
AFIA Warns Against Restrictive AI Regulation
The Australian Finance Industry Association has released a report suggesting that generative AI could significantly boost Australia's economy by 2035, urging policymakers to avoid stringent regulations that may stifle innovation. Read more
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