Citigroup's AI Training Mandate, Visa's VCS Hub Launch, and OnFinance AI's $4.2M Boost - Finance AI Weekly #36
October 20, 2025 -
Finance AI Weekly
Hi there,
Welcome to this week's edition of Finance AI Weekly.
In today's rapidly evolving financial landscape, Citigroup has taken a significant step by mandating AI training for its 175,000 employees across 80 locations. This initiative is designed to enhance the workforce's ability to effectively utilize AI tools, particularly in creating efficient prompts. Meanwhile, OnFinance AI has successfully secured $4.2 million in funding to expand its generative AI solutions within the Banking, Financial Services, and Insurance sector, focusing on improving compliance and regulatory operations.
In other news, Visa Inc. has launched the Visa Commercial Solutions (VCS) Hub, a platform aimed at streamlining commercial payments through automation and AI capabilities. Additionally, Maximor has raised $9 million to further develop its AI-driven finance automation platform, which seeks to enhance efficiency for finance teams. These developments underscore the growing integration of AI in financial services, promising improved processes and innovative solutions.
Welcome to this week's edition of Finance AI Weekly.
In today's rapidly evolving financial landscape, Citigroup has taken a significant step by mandating AI training for its 175,000 employees across 80 locations. This initiative is designed to enhance the workforce's ability to effectively utilize AI tools, particularly in creating efficient prompts. Meanwhile, OnFinance AI has successfully secured $4.2 million in funding to expand its generative AI solutions within the Banking, Financial Services, and Insurance sector, focusing on improving compliance and regulatory operations.
In other news, Visa Inc. has launched the Visa Commercial Solutions (VCS) Hub, a platform aimed at streamlining commercial payments through automation and AI capabilities. Additionally, Maximor has raised $9 million to further develop its AI-driven finance automation platform, which seeks to enhance efficiency for finance teams. These developments underscore the growing integration of AI in financial services, promising improved processes and innovative solutions.
Citigroup Requires AI Training for Employees
Citigroup has announced a mandatory AI training program for 175,000 employees across 80 locations, focusing on enhancing skills in creating effective prompts for AI tools. Read more
OnFinance AI Secures $4.2 Million for BFSI AI Expansion
OnFinance AI, a FinTech company in Bangalore, has raised $4.2 million to enhance its generative AI solutions for the BFSI sector, including the expansion of its AI platforms like NeoGPT. Read more
Maximor Raises $9 Million for AI Finance Platform
Maximor has secured $9 million in seed funding to advance its AI-driven finance automation platform, aiming to enhance efficiency and strategic decision-making for finance teams. Read more
OTCX and BlackRock's Aladdin Collaborate on AI for OTC Trading
OTCX has partnered with BlackRock's Aladdin platform to enhance OTC derivative trading through AI, aiming to improve market efficiency. Read more
Leapifai Launches AI Tax Platform in Ireland
Leapifai, an Irish fintech startup, has introduced a digital tax copilot platform to enhance tax compliance for accountants and financial advisors using AI technology. Read more
IFA and FutureVault Launch AI-Powered Client Vaults
On October 6, 2025, Interactive Financial Advisors announced a partnership with FutureVault to launch Client Life Management Vaults, enhancing client-advisor relationships through secure digital document management. Read more
Fujitsu and Sony Bank Collaborate on AI for Banking System
Fujitsu and Sony Bank have announced a partnership to integrate generative AI into the development of Sony Bank's new core banking system, aiming for faster development and improved service delivery by April 2026. Read more
NTT DATA Expands Addresstune™ for Global Use
NTT DATA has announced the global expansion of Addresstune™, a generative AI solution for improving address structuring in cross-border payments, starting in the EMEA region. Read more
Waterlily Launches AI Platform for Insurance
On October 8, 2025, Waterlily introduced its AI-powered 'Quote-and-Apply' platform to simplify long-term care insurance applications. Read more
Eventus Introduces Frank AI for Financial Compliance
On October 8, 2025, Eventus unveiled Frank AI, a new AI solution aimed at enhancing financial compliance and surveillance analytics through advanced technologies. Read more
Ledger and Concordium Partner for Privacy Payments
The collaboration between Ledger and Concordium aims to enhance privacy in payments by introducing '1-Click Verify & Pay' using AI technology. Read more
Sapiens Partners with Linqura for AI Underwriting Solutions
On October 8, 2025, Sapiens International Corporation announced a partnership with Linqura to enhance AI-driven underwriting solutions for commercial insurance, aiming to improve risk selection and operational efficiency. Read more
Klarna Partners with Google Cloud for AI-Driven Personalization
Klarna and Google Cloud have announced a strategic partnership to enhance customer experiences using AI, focusing on personalization and fraud prevention for 114 million users globally. Read more
FSB Urges Better AI Oversight in Finance
The Financial Stability Board has released a report calling for improved regulatory oversight of AI adoption in the financial sector, citing vulnerabilities and the need for standardized monitoring. Read more
Visa Launches VCS Hub for AI-Enhanced Payments
Visa Inc. has introduced the Visa Commercial Solutions Hub, a platform aimed at improving commercial payments with AI and automation for issuers and fintechs worldwide. Read more
LuminaData Unveils AI Agents for Finance with High Accuracy
LuminaData Inc. has released its AI Agent suite, achieving 99.8% reconciliation accuracy in finance tasks, reducing reconciliation time significantly. Read more
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