UAE Central Bank's AI Leap with HSBC, Kraken's New Acquisition, and More!

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Welcome to this week's edition of Finance AI Weekly.

In this edition, we cover a range of developments in the world of AI in finance. Nature's Miracle Holding Inc. has appointed Chris Li as Senior Advisor to spearhead their expansion into Digital Currency Treasury and Travel AI. Meanwhile, the UAE Central Bank has launched an AI initiative in collaboration with HSBC and local banks to enhance operational efficiency and cybersecurity in financial services.

In other news, Kraken has acquired Capitalise.ai to boost its trading automation capabilities, and Grasshopper Bank has partnered with Narmi to integrate AI for personalized financial analysis. Additionally, the National Bank of Ethiopia is utilizing AI tools to combat financial fraud, and Cointel has secured $7.4 million to expand its AI-driven crypto education platform into North America.

UAE Central Bank Launches AI Initiative with HSBC and Local Banks

The UAE Central Bank has partnered with HSBC, Al Maryah Community Bank, and technology firms to launch an AI initiative aimed at enhancing efficiency and cybersecurity in financial services. Read more

Kraken Acquires Capitalise.ai for Trading Automation

Cryptocurrency exchange Kraken has acquired Capitalise.ai to integrate no-code trading capabilities into its platform, enhancing automated trading technology for users. Read more

Grasshopper Bank Partners with Narmi for AI Integration

Grasshopper Bank has teamed up with Narmi to integrate a Model Context Protocol server, offering business clients personalized financial analysis via Anthropic's AI assistant, Claude. This marks the first implementation of such technology by a US financial institution, currently in beta testing. Read more

National Bank of Ethiopia Uses AI for Fraud Detection

The National Bank of Ethiopia has implemented AI tools to identify suspicious transactions and combat financial fraud, as stated by Governor Mamo Mihertu. Read more

Cointel Secures $7.4M for AI-Driven Crypto Education

UAE-based edtech platform Cointel has raised $7.4 million in funding from Avalanche and Sugafam Inc. to enhance AI-driven crypto education and expand into North America by Q4 2025. Read more

Seemplicity Secures $50 Million for AI Platform

Seemplicity has raised $50 million in a Series B funding round to enhance its AI-driven exposure management platform. The funds will be used to develop AI agents for personalized risk insights and expand international operations. Read more

BalanceHero Reports Record Q2 Revenue Due to AI

South Korean fintech company BalanceHero announced a record revenue of 38.7 billion won for Q2 2025, attributing its success to an AI-driven platform. Read more

Creem Raises €1.8M for AI Startup Financial System

Estonian fintech startup Creem has secured €1.8 million in pre-seed funding to develop a financial operating system specifically for AI-native companies. Read more

BIT Mining Limited Launches USD-backed Stablecoin DOLAI on Solana

BIT Mining Limited has introduced DOLAI, a stablecoin backed by the U.S. dollar, on the Solana blockchain. The coin is designed to support AI-driven financial infrastructure and ensure regulatory compliance. Read more

Innovation Works Invests in TRAiNED for AI Mortgage Tech

TRAiNED, an AI-powered mortgage platform, has secured investment from Innovation Works to modernize mortgage processing through automation and cost reduction. Read more

Livegage Appoints Michael Blair as COO

Livegage, based in Holmdel, N.J., has appointed Michael Blair as Chief Operating Officer to drive the adoption of its AI model in mortgage servicing. Read more

Martini.ai Proposes Automation Standards for Finance

Artificial intelligence platform Martini.ai has introduced the Financial Autonomy Ladder, a framework to standardize automation in financial institutions. This initiative aims to unify terminology and processes in credit intelligence. Read more

AI in Banking to Save Costs but Risk Jobs by 2030

A report by digital bank Zopa and Juniper Research predicts that generative AI will save UK banks £1.8 billion by 2030, while potentially putting 27,000 finance jobs at risk. The study notes efficiency gains in operations and customer service, highlighting the need for workforce reskilling. Read more

Titania Whitepaper on AI Risks for Financial Networks

A new whitepaper from Titania discusses the risks of flat networks for European financial institutions, highlighting AI-driven ransomware threats and the importance of network segmentation for compliance with DORA and NIS2 regulations. Read more

Hong Leong Bank Sees Profit Rise from AI Savings

Hong Leong Bank reported a 14.2% increase in operating profit for the year ending June 30, 2025, citing cost savings from AI in collections and customer service as key factors. Read more

LoanOptions.ai and Afterburner AI Partner to Enhance Digital Lending

LoanOptions.ai and Afterburner AI have formed a strategic alliance to improve the digital lending landscape in Australasia. The partnership aims to provide AI-driven solutions for mortgage advisory businesses in New Zealand and Australia. Read more

InvroMining Expands AI Quant Infrastructure

On August 27, 2025, InvroMining announced the expansion of its AI-driven quant infrastructure to enhance access to digital asset strategies. The update includes new features like systematic strategy execution and real-time monitoring. Read more

Shift Technology Provides AI to Tokio Marine for Fraud Detection

Shift Technology has announced the delivery of generative AI capabilities to Tokio Marine & Nichido Fire Insurance to enhance fraud detection and claims processing. Read more

Citi Introduces AI Platforms for Wealth Management

On August 28, 2025, Citi announced the launch of two AI-powered platforms designed to enhance client communication and advisory efficiency in its wealth management division. Read more

ExodusPoint Capital Hires New Head of AI Transformation

ExodusPoint Capital has appointed Sridhar Nimmagadda as Head of AI Transformation. Previously, he was Head of Generative AI Technology at Point72. Read more

IBM and Abbyy Enhance KYC Compliance Partnership

IBM and Abbyy have announced an enhanced partnership to transform the Know Your Customer (KYC) process for large enterprises, combining AI technologies to automate compliance and document processing. Read more

HCLTech and Thought Machine Collaborate on Banking Transformation

HCLTech has partnered with Thought Machine to modernize banking systems by implementing the cloud-native Vault platform. The collaboration focuses on improving operational efficiency and customer experiences using AI-driven solutions. Read more

SMAART Acquires Ecom Industries for $1 Million

SMAART Company has acquired Ecom Industries for $1 million, marking its entry into the technology services sector. This acquisition aims to enhance SMAART's fintech solutions by integrating Ecom's software development and AI capabilities. Read more

Clutch Launches AI Lending Assistant HAL for Credit Unions

Clutch has introduced HAL, an AI-powered lending assistant designed to enhance the lending process for credit unions. HAL aims to improve applicant experiences and streamline operations. Read more

Nature's Miracle Holding Inc. Appoints Chris Li as Senior Advisor

Nature's Miracle Holding Inc. has appointed Chris Li as Senior Advisor to lead expansion into Digital Currency Treasury, Travel AI, and other initiatives. Read more

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UAE Central Bank's AI Leap with HSBC, Kraken's New Acquisition, and More! - Finance AI Weekly #30

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