AI Shakes Finance: Paygentic Funding, Nasdaq's New Tools, and McKinsey's $170B Warning - Finance AI Weekly #38
October 27, 2025 -
Finance AI Weekly
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Welcome to this week's edition of Finance AI Weekly.
Paygentic, a fintech company, has raised $2 million in seed funding to develop billing and payments infrastructure for AI-native platforms. The funding was led by MiddleGame Ventures with participation from several other investors. Meanwhile, Nasdaq has introduced new AI functionalities to its market surveillance platform, enhancing its ability to detect market abuse. The platform now offers improved anomaly detection and predictive analytics to identify suspicious activities more effectively.
A report from McKinsey indicates that banks could face a $170 billion loss as consumers increasingly use AI for financial management, potentially impacting profits by 9%. On October 22, 2025, Hadrius announced a partnership with Salus GRC to enhance AI compliance solutions for financial services, integrating their technologies to improve oversight and streamline processes. Additionally, AllianceBernstein announced a strategic partnership with Fortitude Carlyle Asia Reinsurance, Ltd. to enhance its insurance presence in Asia through AI-driven solutions.
Welcome to this week's edition of Finance AI Weekly.
Paygentic, a fintech company, has raised $2 million in seed funding to develop billing and payments infrastructure for AI-native platforms. The funding was led by MiddleGame Ventures with participation from several other investors. Meanwhile, Nasdaq has introduced new AI functionalities to its market surveillance platform, enhancing its ability to detect market abuse. The platform now offers improved anomaly detection and predictive analytics to identify suspicious activities more effectively.
A report from McKinsey indicates that banks could face a $170 billion loss as consumers increasingly use AI for financial management, potentially impacting profits by 9%. On October 22, 2025, Hadrius announced a partnership with Salus GRC to enhance AI compliance solutions for financial services, integrating their technologies to improve oversight and streamline processes. Additionally, AllianceBernstein announced a strategic partnership with Fortitude Carlyle Asia Reinsurance, Ltd. to enhance its insurance presence in Asia through AI-driven solutions.
Paygentic Secures $2 Million for AI Billing Infrastructure
Paygentic, a fintech company, has raised $2 million in seed funding to develop billing and payments infrastructure for AI-native platforms. The funding was led by MiddleGame Ventures with participation from other investors. Read more
Nasdaq Adds AI to Market Surveillance
Nasdaq has upgraded its market surveillance platform with new AI features to better detect market abuse, offering improved anomaly detection and predictive analytics. Read more
Banks May Lose $170 Billion Due to AI, Says McKinsey
A report by McKinsey indicates that banks could face a $170 billion loss as consumers increasingly use AI for financial management, potentially reducing bank profits by 9%. Read more
Hadrius and Salus GRC Partner for AI Compliance in Finance
On October 22, 2025, Hadrius and Salus GRC announced a partnership to enhance AI compliance solutions for financial services, integrating their technologies to improve oversight and streamline processes. Read more
AllianceBernstein Partners with Fortitude Carlyle for AI Insurance in Asia
On October 21, 2025, AllianceBernstein announced a strategic partnership with Fortitude Carlyle Asia Reinsurance, Ltd. to enhance its insurance presence in Asia through AI-driven solutions. Read more
Tensec Secures $60M Credit Facility for Expansion
Tensec, a fintech startup, has obtained a $60 million credit facility from Upper90 Capital Management to expand its AI-driven cross-border financial services, aiming to significantly increase its trade volume. Read more
mPWR Acquires Kredeo to Expand AI-Driven Fintech Services in Mexico
On October 21, 2025, mPWR announced its acquisition of the Mexican fintech company Kredeo, aiming to enhance its services in the Mexican market through access to regulatory licenses and technology infrastructure. Read more
Beacon.li Launches AI Agents for Insurance at ITC Vegas 2025
At ITC Vegas 2025, Beacon.li unveiled AI-powered agents designed to improve efficiency in the insurance industry, promising significant reductions in processing times and automation of inquiries. Read more
OpenAI Launches Project Mercury for Junior Bankers
OpenAI has started Project Mercury to automate tasks of junior bankers using AI. The initiative involves former bankers training AI to build financial models, aiming to lessen manual work in entry-level banking. Read more
DXC Technology and Splitit Partner for AI Payment Solutions
In a strategic collaboration, DXC Technology and Splitit are enabling banks to offer AI-driven installment payment plans to over 300 million account holders. Read more
Zafin and Curinos Partner to Improve AI Deal Management for Banks
Zafin and Curinos have joined forces to enhance deal management and fee billing for banks by integrating real-time commercial benchmark pricing insights into Zafin's Deal Manager solution. Read more
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