Mal Secures $230M for AI-Driven Islamic Digital Bank, WeLab Raises $220M for AI Banking in Asia

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

In today's rapidly evolving financial landscape, Bluecopa has successfully raised $7.5 million in Series A funding, led by Analog Partners, to expand its AI-driven finance operations platform. Meanwhile, the Financial Planning Association has launched the FPAi Authority to enhance AI education for financial planners, in collaboration with Capital Investment Advisors and FutureProof Advisor.

Additionally, Hupo has pivoted towards AI-powered sales coaching with a $10 million funding boost, and PFCT and Hightech have teamed up to improve AI credit evaluation in Vietnam. In the realm of compliance, Saifr and Superhuman have partnered to integrate AI compliance agents into financial services communication, while UAE fintech Mal has raised $230 million to develop an AI-driven Islamic digital bank. Stay tuned for more updates on these exciting developments in the world of AI in finance.

Bluecopa Raises $7.5 Million in Series A Funding

Bluecopa, a finance operations platform, has secured $7.5 million in a Series A funding round led by Analog Partners. The investment will support the enhancement of its AI-native finance platform and expansion into new markets. Read more

FPA Launches FPAi Authority for AI Education

The Financial Planning Association has announced the launch of the FPAi Authority, set for January 2026, to enhance AI education for financial planners through resources and tools. Read more

Hupo Raises $10M to Shift Focus to AI Sales Coaching

Hupo, initially a mental wellness startup, has secured $10 million in Series A funding to pivot towards AI-powered sales coaching for the banking, financial services, and insurance sectors. Read more

PFCT and Hightech Collaborate on AI Credit Evaluation

On January 13, 2026, PFCT and Hightech announced a partnership to improve AI credit evaluation in Vietnam, focusing on enhancing accuracy for financial institutions using alternative data. Read more

Saifr and Superhuman Collaborate on AI Compliance for Finance

Saifr has partnered with Superhuman to integrate an AI Compliance Agent into Superhuman Go, aimed at enhancing communication compliance in financial services. Read more

Mal Secures $230 Million for AI-Driven Islamic Digital Bank

UAE-based fintech Mal has raised $230 million to develop an AI-driven Islamic digital bank, with plans to launch in 2026. Read more

Schneider Downs Digital Introduces AI Platform LumenFI

Schneider Downs Digital has introduced LumenFI, an AI-powered platform aimed at enhancing finance operations with real-time insights. The platform leverages generative AI and machine learning to provide customized insights and support decision-making for finance teams. Read more

Egnyte and Anthropic Collaborate on AI for Finance

Egnyte has partnered with Anthropic to enhance AI capabilities in financial services by integrating secure data access with Anthropic's Claude AI. The partnership aims to streamline workflows for sales, investment, and compliance teams. Read more

Contact and Al Safy Group Launch AI FinTech Platform in Egypt

Egyptian financial services provider Contact and Al Safy Group have teamed up to create an AI-driven platform to enhance embedded finance models, starting with consumer finance and expanding into insurance. Read more

Convr AI Introduces Agentic AI for Underwriting

Convr AI has launched Agentic AI workflows aimed at enhancing the efficiency of underwriting in commercial property and casualty insurance. The platform uses automated agents to aid decision-making, allowing for quicker submissions and customized workflows. Read more

Covenant Launches AI Legal Tool for Venture Deals

Covenant, an AI law firm, has introduced a new solution to enhance the execution of venture deals. The tool aims to streamline processes for venture capitalists using AI for due diligence and document analysis. Read more

Hawk Unveils AI Tool for Financial Compliance

Hawk has launched Analytics Studio, an AI solution aimed at improving compliance and fraud prevention in banks and payment companies. The tool focuses on optimizing AI model management for anti-money laundering and fraud detection. Read more

WeLab Raises $220M to Expand AI Banking in Asia

WeLab has secured US$220 million in Series D funding to expand its AI-driven banking operations across Asia. The funds will aid in enhancing AI capabilities and expanding in Southeast Asia, with a partnership with Google to innovate digital banking services. Read more

Feedzai and Matrix USA Partner for AI Financial Crime Prevention

On January 15, 2026, Feedzai and Matrix USA announced a global partnership to enhance financial crime prevention using AI technology. The collaboration will focus on supporting banks and financial institutions in combating fraud and money laundering. Read more

Zeni Introduces AI-Driven Cash Management Tool

Zeni has launched Zeni Treasury, an AI-powered solution designed to help businesses manage their cash more effectively. The tool aims to optimize idle capital and ensure liquidity, offering competitive yields and instant access to funds. Read more

BridgePort Introduces AI Analytics for Trading

BridgePort has unveiled BridgePort Analytics, an AI-powered platform aimed at enhancing trading execution and settlement decisions for institutions. The platform includes an AI assistant, Bridget, which analyzes data from over 400 global exchanges to provide insights into exchange performance. Read more

Plumery Introduces AI Fabric for Banking

Plumery has launched AI Fabric, a platform aimed at helping financial institutions integrate AI models with banking data more efficiently, enhancing governance and compliance. Read more

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Mal Secures $230M for AI-Driven Islamic Digital Bank, WeLab Raises $220M for AI Banking in Asia - Finance AI Weekly #49

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