Bank of America expands AskGPS, Bloomberg opens Enterprise MCP, and more - Finance AI Weekly #87

October 05, 2026 - Finance AI Weekly
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Welcome to this week's edition of Finance AI Weekly.

Kin will let Meta's Muse retrieve home insurance quotes through Kin.com, while IDEMIA Secure Transactions introduces tools for payment schemes to support purchases handled by AI agents. In insurance operations, Finys updates its software suite with AI assistants, and Millennial Shift Technologies adds PebbleRisk's AI risk assessments to its marketplace.

bolttech and Bold Penguin partner on AI supported insurance distribution across the United States, Europe and Asia. Elsewhere, RiskScout raises funding to expand its AI compliance platform for banks and credit unions, and Corgi Insurance appoints Stephen Segroves as head of pricing for its trucking program.
Kin lets Meta's Muse retrieve home insurance quotes
Kin, a Chicago based insurer, will let Meta's Muse and other AI agents retrieve home insurance quotes through Kin.com. Customers will need to answer a small number of questions to receive a quote. Read more
Millennial Shift Technologies partners with PebbleRisk on AI risk assessments
Millennial Shift Technologies will offer PebbleRisk's AI powered Signal Platform assessments through the mShift Marketplace. The service draws on data from more than 50 sources to produce risk scores, findings and recommendations for 21 specialty insurance lines. Read more
bolttech and Bold Penguin form AI insurance partnership
bolttech and Bold Penguin partner to develop commercial and personal insurance distribution services across the United States, Europe and Asia. The companies will combine their insurance exchanges, distribution platforms and AI workflow tools for agents, insurers and embedded partners. Read more
Flatworld Mortgage relaunches US operations with MSuite
Flatworld Mortgage relaunches its US mortgage operations using MSuite, an automation and agentic AI platform supporting processes from onboarding through servicing. The company says the system includes human review checkpoints and can help manage sudden increases in loan volume. Read more
dv01 launches AI agents for structured finance
dv01 launches built in AI agents for DealStudio and Credit Facility Management, supporting structured finance tasks including collateral analysis, cash flow modeling and report drafting. Its Model Context Protocol connectivity is available through ChatGPT and Claude. Read more
Bank of America expands AskGPS with Intelligence Hub
Bank of America is rolling out the AskGPS Intelligence Hub in phases for Global Payments Solutions employees. The tools combine client, account and relationship data to support treasury reviews, account visualizations and relationship analysis. Read more
Trintech launches three AI agents for governed finance
Trintech launched three AI agents at its Chicago Connect event for financial data access, accrual recommendations and exception management. The agents operate within existing financial controls, approval processes and audit trails. Read more
Cornerstone Advisors finds banks lag in AI marketing execution
Cornerstone Advisors research, commissioned by Persado, finds banks and credit unions are adopting generative AI for marketing but have limited use of AI agents for campaign execution. The report identifies compliance reviews, often lasting four to six weeks, as a barrier to turning customer insights into campaigns. Read more
Finastra launches AI repair recommendations for payment exceptions
Finastra launches Repair Recommendations, an AI feature in AI OperatorAssist that identifies payment discrepancies and suggests rule validated repair actions. The tool supports human review and uses requirements from Swift, Fedwire, SEPA, UPI and Nexus. Read more
Outmarket AI raises $34.5 million Series B for insurance platform
Outmarket AI raised $34.5 million in a Series B led by SignalFire, bringing its total funding to $56.5 million. The insurance AI platform also introduced an ACORD certificate workflow and plans to expand to insurance carriers later this year. Read more
Fulcrum launches certificate automation for insurance brokerages
Fulcrum launches a workflow that processes emailed certificate requests and contracts, checks policy coverage, and identifies missing requirements and endorsement forms. The system prepares certificates for account manager approval and supports bulk reissuance during renewals. Read more
HCLTech releases AI research on global wealth management
HCLTech releases research based on 1,066 AI personas representing senior wealth management decision makers across 17 markets. The report finds that 84% of firms see a need to redesign operating models for AI, while just over 7% are building agentic AI capabilities. Read more
Bloomberg launches Enterprise MCP for licensed financial data access
Bloomberg launches Enterprise Model Context Protocol, which lets enterprise AI agents find and retrieve licensed financial data covering more than 100 million securities and 50,000 fields. The service includes entitlement checks, audit controls, metadata, semantic search and workflow tools. Read more
AZP certifies Gateless Smart Underwrite at Platinum level
AZP Insurance Specialists certifies Gateless Smart Underwrite at the Platinum level under its AI Mortgage Technology Certification framework. The certification supports insurance coverage for certain mortgage representation and warranty risks through a Lloyd's of London policy underwritten by Munich Re. Read more
HSBC launches HSBCnio transaction banking platform with AI tools
HSBC launches HSBCnio, a digital transaction banking platform for corporate clients. It provides API, sandbox and interface access for cash management, trade loans, foreign exchange and payment tracking, alongside AI tools based on the Model Context Protocol. Read more
Integrity partners with Sumner Insurance Services on AI tools
Integrity partners with Missouri based Sumner Insurance Services to provide AI tools, data, marketing resources and operational support. The agency will use IntegrityCONNECT and Ask Integrity to support agents and improve insurance and financial services processes. Read more
Webull expands Cloud MCP for AI assisted trading in the US
Webull expands its hosted Cloud Model Context Protocol service for eligible US users, connecting supported AI assistants such as Claude, Perplexity and Grok to market data, account information and investment tools. Users must confirm trades through Webull before they are submitted. Read more
NCS Analytics partners with Cannabiz Credit Association on $3.7 billion in payment data
NCS Analytics partners with the Cannabiz Credit Association to add more than $3.7 billion in verified cannabis payment data to the NCS Platform and NCS Thea. The data will support lenders assessing credit behavior and lending risk, with availability planned for fall 2026. Read more
Health In Tech launches HitRix AI platform for self funded health insurance
Health In Tech launches HitRix, an AI powered platform for brokers handling large group self funded health insurance submissions. The company expects the platform and other initiatives to contribute more to revenue from 2027, while forecasting about $33 million in 2026 revenue. Read more
RiskScout raises funding for AI compliance platform
RiskScout closes a funding round led by LiveOak Ventures, with participation from several financial services investors. The company plans to expand its team, AI capabilities, automation and integrations for banks and credit unions. Read more
Corgi Insurance appoints Stephen Segroves as head of pricing
Corgi Insurance appoints Stephen Segroves as head of pricing for its nationwide trucking program. Segroves joins from Nirvana Insurance, where he was a senior director and actuary. Read more
IDEMIA Secure Transactions opens agentic commerce to payment schemes
IDEMIA Secure Transactions introduces an agentic commerce solution for domestic, regional and private label payment schemes. The system uses tokenization, passkeys, consent verification and dispute evidence to support checkout managed by AI agents. Read more
Finys launches insurance software suite with AI assistants
Finys launches an updated Finys Suite at InsureTech Connect Vegas, combining policy, billing and claims tools on one platform. The release adds AI assistants, an embedded CRM, low code configuration and a redesigned data model. Read more

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