JPMorgan's AI Accelerator & Olaxbt's $3.38M Crypto Boost - Finance AI Weekly #23
July 14, 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 partnerships in the AI-driven financial landscape. Olaxbt has successfully raised $3.38 million to enhance its AI-powered cryptocurrency trading platform, reflecting a growing institutional interest in AI trading solutions. Meanwhile, JPMorgan is making waves by forming an 'AI Accelerator' team in London and New York, offering competitive salaries to develop cutting-edge AI programs for its investment bank.
Welcome to this week's edition of Finance AI Weekly.
In this edition, we delve into the latest advancements and partnerships in the AI-driven financial landscape. Olaxbt has successfully raised $3.38 million to enhance its AI-powered cryptocurrency trading platform, reflecting a growing institutional interest in AI trading solutions. Meanwhile, JPMorgan is making waves by forming an 'AI Accelerator' team in London and New York, offering competitive salaries to develop cutting-edge AI programs for its investment bank.
Algebrik AI and Kinective Partner to Enhance Lending Process
On July 7, 2025, Algebrik AI announced a partnership with Kinective to improve the lending process for credit unions and community lenders by integrating their technologies. Read more
ID-PAL Launches ID Detect to Tackle AI Document Fraud
Identity verification firm ID-PAL has introduced ID Detect, a technology designed to combat AI-generated document fraud in the fintech industry. Read more
Olaxbt Raises $3.38 Million for AI Crypto Trading Platform
Olaxbt has secured $3.38 million in seed funding to advance its AI-driven cryptocurrency trading platform, with Amber Group leading the investment round. Read more
JPMorgan Launches AI Accelerator Team with High Salaries
JPMorgan is forming an 'AI Accelerator' team in London and New York to develop AI programs for its investment bank. The initiative aims to create measurable commercial impacts across sectors like markets and payments. Read more
Zycus and Nomentia Partner for AI-Driven Procurement Solutions
Zycus has partnered with Nomentia to integrate AI-powered procurement solutions with automation, aiming to streamline financial workflows for global enterprises. This collaboration enhances payment processes and cash visibility by combining Zycus' source-to-pay intelligence with Nomentia's treasury automation. Read more
Sumitomo Mitsui Financial Group Invests in AI Financial Services
Sumitomo Mitsui Financial Group has announced a $5.5 billion investment to enhance AI-driven financial services in Asia. The initiative includes partnerships with tech companies and aims to integrate AI across operations. Read more
Liberate and Five Sigma Partner for Insurance Claims Automation
Liberate and Five Sigma have announced a strategic partnership to enhance insurance claims automation. The collaboration aims to integrate Liberate's voice AI with Five Sigma's claims management platform to streamline the claims process. Read more
Nymbus Partners with Bud Financial for AI Financial Tools
Nymbus has partnered with Bud Financial to integrate AI-driven personal financial management tools into its platform, aiming to enhance customer engagement for U.S. banks and credit unions. Read more
Abound Sees 25-Fold Profit Increase with AI-Driven Loans
London-based fintech company Abound reported a significant profit increase as borrowers preferred its AI-driven loan platform, resulting in a 25-fold profit rise to £7.5 million. Read more
Q4, Inc. Launches AI-Powered Investor Relations Tool
On July 8, 2025, Q4, Inc. introduced Q, an AI tool for investor relations officers, offering real-time insights and automation to improve decision-making and engagement. Read more
Yabx Launches AI Voice Engine for Financial Literacy
Yabx has introduced a Generative AI-powered voice engine to improve financial literacy among underserved borrowers in emerging markets, focusing on credit terms and responsible borrowing. Read more
Insurance Europe Responds to EU Cloud and AI Act
Insurance Europe has provided feedback on the European Commission's consultation about the Cloud and AI Development Act, advocating for enhanced digital infrastructure and AI adoption in Europe while urging a pragmatic approach to global technology access. Read more
NongHyup Bank and LG CNS Launch AI Platform
NongHyup Bank has partnered with LG CNS to launch a generative AI platform aimed at improving operational efficiency and customer service. The platform offers real-time information retrieval and personalized sales support. Read more
German Banks Call for AI Legal Framework in Europe
The Association of German Banks has published a position paper advocating for a legal framework to support AI development in Europe, focusing on harmonized regulations and coordination with existing laws. Read more
FRC Issues Guidance on AI Use in Auditing
The Financial Reporting Council has released its inaugural guidance on implementing artificial intelligence in auditing, aiming to assist auditors and technology providers while upholding regulatory standards. Read more
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