AbleCredit's $5M Funding Bid & NVIDIA's AI Sandbox with FCA - Finance AI Weekly #19

June 16, 2025 - Finance AI Weekly
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Welcome to this week's edition of Finance AI Weekly.

AI fintech startup AbleCredit is in discussions to secure $5 million in Series A funding, led by an Indian venture capital firm. The funds are intended to enhance its credit underwriting model, aiming to improve the accuracy and efficiency of credit assessments. Meanwhile, the Financial Conduct Authority has partnered with NVIDIA to launch an AI testing sandbox. This initiative will allow financial firms to safely experiment with AI technologies, fostering innovation while ensuring regulatory compliance.

In the trading sector, LTX, a platform under Broadridge Financial Solutions, has introduced BondGPT Intelligence. This new tool integrates generative AI into bond trading workflows, aiming to enhance decision-making processes. Additionally, Better has appointed Leah Price, formerly of the FHFA, to lead its AI platform, Tinman, with the goal of innovating mortgage processes. These developments highlight the growing role of AI in transforming financial services and improving operational efficiencies.
AbleCredit Seeks $5 Million in Series A Funding
AI fintech startup AbleCredit is in discussions to secure $5 million in Series A funding, led by an Indian venture capital firm. The funds aim to improve its credit underwriting model. Read more
FCA and NVIDIA Launch AI Testing Sandbox for Finance
The Financial Conduct Authority has teamed up with NVIDIA to create an AI testing sandbox for financial firms, offering a secure environment to experiment with AI technologies. Read more
LTX Launches BondGPT Intelligence for AI in Trading
LTX, a corporate bond trading platform under Broadridge Financial Solutions, has introduced BondGPT Intelligence, a feature that incorporates generative AI into trading workflows to improve decision-making. Read more
Better Hires Leah Price to Lead AI Platform
Mortgage lender Better has appointed Leah Price, formerly of the FHFA, to lead its AI platform, Tinman, which aims to innovate mortgage origination processes. Read more
Sumsub Introduces AI Assistant for Financial Crime Teams
Sumsub has launched an AI-powered update to its Case Management solution, featuring Summy, an AI Assistant to aid financial crime investigations. Read more
FlowX.AI Unveils New AI Architecture for Banking
FlowX.AI has launched FlowX.AI 5, a platform aimed at helping banks modernize operations with a multi-agent architecture that supports continuous adaptation and innovation. Read more
BNP Paribas Introduces LLM as a Service for AI
BNP Paribas has launched an internal platform to facilitate the development and deployment of generative AI applications across its businesses, ensuring secure integration and compliance with data privacy. Read more
BIS and Bank of England Use AI to Detect Financial Crime
The Bank for International Settlements and the Bank of England have completed 'Project Hertha', an initiative exploring AI's role in identifying criminal activities in retail payments, showing promising results but also highlighting areas for further research. Read more
WorkFusion Recognized as Luminary in AI Innovation Report
WorkFusion has been acknowledged by Everest Group for its AI Agent, Evan, which improves financial crime compliance using generative AI. Read more
Farsight Secures $16M for Financial Automation
Farsight has raised $16 million in Series A funding to enhance its technology for automating financial workflows, with SignalFire leading the investment. Read more
TD Bank Group Introduces AI Model for Personalization
TD Bank Group has introduced TD AI Prism, a new AI foundation model aimed at enhancing customer experience through predictive personalization of banking services. The model leverages extensive data processing and operates on a secure cloud platform to ensure customer data protection. Read more
KX and NVIDIA Unveil AI Blueprint for Trading
KX has launched its first Agentic AI Blueprint, the AI Banker Agent, in collaboration with NVIDIA, aimed at enhancing global markets trading efficiency. Read more
Thinkpool Launches AI Fraud Prevention Service in Korea
Thinkpool has launched 'Hamatameon', an AI-driven service in Korea designed to prevent digital financial fraud by simulating real fraud scenarios. Read more
Concirrus Expands in US Insurance Market with AI Platform
Concirrus has announced its expansion in the US specialty insurance market through a new partnership with a major insurer, utilizing its AI-powered underwriting platform to enhance efficiency. Read more
Shriram Group and Sanlam Group Launch Wealth Management Venture
Shriram Group and Sanlam Group have launched Shriram Wealth Ltd., a joint venture aimed at providing personalized wealth management solutions in India. The venture targets ₹50,000 crore in assets under administration within five years, with plans to integrate AI into its services. Read more
Yupp Secures $33M for AI Comparison Platform
Yupp, a crypto AI startup, has raised $33 million in a seed funding round led by A16z Crypto to launch a platform for comparing AI model answers. The platform will reward users with cryptocurrency and has attracted investors like Google Chief Scientist Jeff Dean and Twitter co-founder Biz Stone. Read more

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