Tabby automates bookkeeping, Blue Cross links AI claims to $942 million, and more

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

A special shout out to our friends at RE•WORK, host of the AI in Finance Summit Fall on October 21 and 22 at the W Hoboken, New Jersey, just across the river from Manhattan. Two days on generative and agentic AI in banking, insurance, asset management and capital markets. Finance AI Weekly readers get 30 percent off all tickets with code AIBRIEF. Register here.

AI in Finance Summit Fall, October 21 and 22, W Hoboken

BNP Paribas expands its work with Google Cloud to use agentic AI in banking workflows, while Deutsche Bank Private Bank deploys an agentic tool for know your customer checks in Singapore and Hong Kong. Banks and fintechs are also introducing controlled AI access to financial data: Form3 offers read-only payment data access, and Wingspan launches a beta connection for AI assistants while keeping payment approval and execution within its platform.

Insurance, accounting and risk teams feature heavily this week, with new AI tools from Vertafore, Feedzai, DataSnipper and Avalara. The edition also covers funding for Sela AI, Baselayer and Duqu, plus evidence of continued caution around automation: an Invesco and Ipsos survey found that 97% of US retirement savers want limits on AI investment decisions.

Paywhere launches AI banking channel for banks and credit unions

Paywhere makes its programmable banking platform available to banks and credit unions. It allows small business customers to access banking services through AI tools including ChatGPT, Claude, and Copilot, while institutions retain control over branding, permissions, and account oversight. Read more

Vertafore introduces four AI agents for insurance agencies

Vertafore introduces four Velocity AI agents to help independent insurance agencies review documents, guide employees, process policy intake and check policies. The tools are in early testing and will become generally available in 2026. Read more

Tabby uses AI for real time small business bookkeeping

Tabby uses AI and Plaid to import financial data, manage paperwork and provide small businesses with real time profit and loss information. The company reports 5,500 users and is raising $1 million in seed funding. Read more

Valour launches digital asset hedge fund using Neuronomics AI

Valour, a subsidiary of DeFi Technologies, launches Valour Funds SPC, a Cayman Islands business for actively managed digital asset investments. Its first fund uses Neuronomics AI and systematic strategies to allocate across liquid digital assets for eligible professional investors. Read more

Adlib Software acquires Paperbox for AI insurance intake

Adlib Software agrees to acquire Paperbox, combining AI based insurance intake and workflow tools with governed, auditable data management. The deal targets insurers, MGAs and TPAs seeking to reduce manual triage and improve data traceability, subject to closing conditions. Read more

Invesco survey finds 97% of US retirement savers want AI limits

A survey by Invesco and Ipsos finds US defined contribution plan participants support AI for tasks such as portfolio monitoring and risk assessment, while seeking human involvement in financial planning. Nearly all respondents want boundaries on AI investment decisions, and 65% expressed interest in target date funds that include modest private market allocations. Read more

Lunos AI launches free cash flow forecasting tool

Lunos AI launches a free cash flow forecasting tool for finance teams. It connects with QuickBooks, NetSuite, and Xero, and supports natural language forecast updates, scenario modeling, and comparisons with actual results. Read more

Creatio invests $300 million in Bank.AI through 2028

Creatio will invest $300 million in Bank.AI from 2026 to 2028. The funding supports AI development, deployments, training and implementation services for banks and financial institutions. Read more

Promenaut enters production at HSBC

HSBC is using US based agentic workforce platform Promenaut in production for selected workflows, including business case evaluation and early software development tasks. The bank has also invested in Promenaut, and its chief AI officer, David Rice, will join the company's board. Read more

Nearmap launches AI portfolio benchmarking for US insurers

Nearmap launches Portfolio Benchmarking, a tool that compares US insurers’ property portfolios with its national property database. It uses the AI derived Roof Spotlight Index to assess visible roof risks across geographic and agency levels. Read more

Mint Health Insurance Agency joins Integrity for AI insurance tools

Mint Health Insurance Agency joins Integrity, gaining access to AI powered tools including IntegrityCONNECT and Ask Integrity. The agency plans to use the technology to support agents, improve operations and expand into life, annuity and wealth products. Read more

Sela AI raises $21 million for mortgage voice agents

Sela AI raises $21 million in Seed and Series A funding led by Costanoa, with participation from Emergence Capital. The company says its voice agents support more than $1 billion in monthly mortgage originations and will expand into other consumer finance services. Read more

DataSnipper launches Alwin for audit automation

DataSnipper launches Alwin, an agentic platform that automates multi step audit and finance procedures, from evidence collection to workpaper preparation. The company says a cash testing workflow at CROP Accountants & Advisers was about 80% faster using the platform. Read more

CLPS completes AI anti money laundering project in Hong Kong sandbox

CLPS Incorporation completed a generative AI assisted anti money laundering project for a Chinese commercial bank in Hong Kong's regulatory AI sandbox. A fine tuned open source language model produced risk ratings with more than 90 percent accuracy, while human experts made final decisions in complex cases. Read more

Adapt launches Late Pay Agent for insurance collections

Adapt launches Late Pay Agent, an autonomous tool for property and casualty insurance agencies that follows up on overdue payments and pending policy cancellations. The company says it can help agencies prevent policy lapses and reduce suspense volume. Read more

Wingspan introduces MCP beta for AI assistant onboarding and payables

Wingspan launches a beta MCP connection for Claude and ChatGPT, allowing finance and operations teams to review worker onboarding, payables, payment history and payroll previews. Payment approvals and execution remain within Wingspan. Read more

Quantiphi named Leader in NelsonHall AI and analytics evaluation

Quantiphi is named a Leader in NelsonHall's 2026 NEAT evaluation for wealth and asset management AI and analytics services. The company also receives Innovator recognition in professional services and the overall report. Read more

Deutsche Bank deploys agentic AI for KYC checks in Asia

Deutsche Bank Private Bank deploys an agentic AI tool for source of wealth checks at its Singapore and Hong Kong booking centres. The system prepares client information for staff review, and the bank plans a global expansion as it forecasts higher emerging markets onboarding volumes in 2026. Read more

Trintech Announces 2026 Events on Governed AI in Financial Close

Trintech will hold 2026 Connect events in Chicago, Oslo, London and Stockholm from September 28 to October 22. Finance and accounting leaders will discuss governed AI use in financial close processes, reconciliation, reporting and technology integration. Read more

AXA XL and S-RM outline five priorities for resilient AI adoption

AXA XL and S-RM publish a report outlining five priorities for managing AI risks, including accountability, data controls, vendor due diligence and preparation for cyber, fraud and business interruption losses. The report also calls for secure-by-design practices such as data governance, model security and continuous monitoring. Read more

Mo Gawdat to Discuss AI and Accountability at Bahrain Fintech Forward 2026

Bahrain Economic Development Board confirms that Mo Gawdat, former chief business officer at Google X, will speak at Bahrain Fintech Forward 2026 on October 7 to 8. His session will examine AI, human judgment, ethics and accountability in financial services. Read more

Form3 launches read-only AI payments platform

Form3 launches an AI enabled payments platform for banks and fintechs in North America, the UK and Europe. Its initial Model Context Protocol adaptor lets authorised AI applications interpret payment data without initiating payments, changing data or making payment decisions. Read more

Duqu raises €1.5 million for invoice advances and AI underwriting

Duqu, an Amsterdam fintech, raises €1.5 million in pre seed funding from Curiosity VC and No Such Ventures. The company will expand its invoice advance service and its AI underwriting technology, which it also provides to banks, lenders and leasing companies. Read more

Public launches AI agents for prediction market trading

Public launches AI agents that trade prediction market contracts through Kalshi and use event probabilities to inform portfolio decisions. The feature covers markets spanning crypto, economics, corporate events, technology, science and politics. Read more

Hippo says AI agent Clara handled 81% of initial claims calls

Hippo says its AI claims agent, Clara, completed 81% of attempted first notice of loss calls without human intervention in August 2026 internal data. The insurer is expanding its US homeowners business while combining AI, automation and human adjusters in its claims operations. Read more

Neutrinos named a Major Player in IDC insurance platform assessment

IDC MarketScape lists Neutrinos as a Major Player in its 2026 assessment of worldwide insurance customer experience platforms. Neutrinos provides an AI driven platform for automating insurance operations and customer journeys. Read more

SAS and IDC find small financial institutions lead in AI readiness

A SAS and IDC study of 1,600 business leaders finds small banks, credit unions and lenders are more prepared for AI than similarly sized organizations in other sectors. AI use is most common in IT, while security, privacy and compliance remain the main barriers to wider adoption. Read more

Feedzai launches Farol AI agent for fraud investigations

Feedzai launches Farol, an AI agent in RiskOps Studio that helps banks review fraud alerts, analyze risk rules and draft Suspicious Activity Reports. The company says the tool keeps data within each institution's environment and could reduce alert handling times. Read more

Federated Hermes survey finds advisors see AI opportunity

A Federated Hermes survey of 300 US financial advisors finds 56% view AI as an opportunity and 70% expect it to improve practice efficiency. Many advisors also seek more support from asset managers to integrate AI into client engagement and operations. Read more

Baselayer raises $35 million for AI agent identity infrastructure

Baselayer raises a $35 million Series A led by M13 and launches its Agentic Identity Suite, designed to identify, authorise and assess autonomous AI agents. The company says its infrastructure serves more than 2,300 financial institutions and payments companies. Read more

Bevaya reports InsurGPT accuracy results after launch

Bevaya reports that InsurGPT reached 93.1% field accuracy across 346 insurance loss runs, compared with 85.3% for the highest performing general purpose model in its evaluation. The company says the platform also processed documents in less than half the time and flags uncertain outputs for human review. Read more

USD.AI secures $128.9 million GPU financing facility

USD.AI announces a $128.9 million asset backed loan for a GPU cloud provider deploying 32 NVIDIA GB200 NVL72 systems in British Columbia, Canada. The facility is secured by the infrastructure and supported by a multiyear enterprise customer contract. Read more

Trigent Software unveils AI tools for insurers

Trigent Software introduces three AI tools for insurance claims intake, underwriting reviews and document analysis. Built on the Trigent ArkOS validation workbench, the tools will be showcased at ITC Vegas from September 29 to October 1, 2026. Read more

Financial Cents launches three AI agents for accounting workflows

Financial Cents launches AI File Renaming, AI File Validator and AI File Routing for accounting and bookkeeping firms. The tools automate document naming, validation and routing, with optional staff approval, and are included in all Financial Cents plans. Read more

BNP Paribas and Google Cloud sign five year AI partnership

BNP Paribas and Google Cloud will expand the bank's use of cloud infrastructure, Gemini models and Gemini Enterprise for banking workflows. The five year partnership includes AI agents for corporate credit memos and integration with the bank's LLM@CIB assistant, used by more than 65,000 employees. Read more

Blue Cross Blue Shield links hospital AI claims to $942 million in added costs

Blue Cross Blue Shield Association says hospitals' use of AI in insurance claims contributed to $942 million in additional US healthcare spending over two years. Its analysis found more complex conditions were recorded without corresponding changes in treatment. Read more

Singapore financial sector launches AI training for 80,000 workers

Singapore's financial services sector launches the AI Workforce Co-Lab, supported by 23 firms. The initiative will train more than 80,000 Singapore based employees in AI skills through Institute of Banking and Finance recognised programmes by 2028. Read more

Avalara launches Aviator AI agent hub for tax compliance

Avalara launches Aviator, an AI agent hub for tax and compliance workflows, with human review for decisions that require it. Initial tools support tax code mapping, reporting, exemption checks and rule configuration. Read more

Bold Penguin launches DeX ai for digital insurance exchange

Bold Penguin launches DeX ai, an AI intelligence layer for its Digital Exchange that analyzes insurance submissions, matches risks with carriers, supports policy binding, compares policy language and generates broker proposals. It is available to carriers, brokers and platform partners through APIs, an MCP server and agent to agent connections. Read more

Dun & Bradstreet launches AI tools for credit analysis

Dun & Bradstreet adds AI capabilities to its D&B Finance Analytics platform and a Model Context Protocol server for company research, credit risk analysis, identity verification and portfolio monitoring. The tools integrate with Claude, Codex, ChatGPT, Microsoft Copilot and Databricks, while Gemini Enterprise support is planned. Read more

Insurify blocks Meta Muse from insurance marketplace

Insurify blocks Meta's Muse AI agent from accessing its insurance comparison platforms, citing risks that automated scraping could leave out coverage details, disclosures and carrier attribution. The company supports agent access through APIs and MCP integrations, and says it is open to a compliant connector with Meta. Read more

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Tabby automates bookkeeping, Blue Cross links AI claims to $942 million, and more - Finance AI Weekly #86

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