Revolut cuts AI coding costs by 90%, Anthropic launches Claude Personal Finance, and more - Finance AI Weekly #92

In this edition, covering 2 to 8 November:

• Revolut moved about 2,000 engineers from Claude Code and Codex to a self hosted GLM model from Z.ai and says its bill fell to about one tenth.
• Anthropic is rolling out Claude Personal Finance in beta in the US, a read only tool that connects bank and card accounts through Plaid.
• Mastercard is working with OpenAI on AI shopping agents through Agent Pay, and JPMorgan Chase will use OpenAI's Codex and cybersecurity models.

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From our lists

The list covers companies building payments for AI agents.

Companies building payments for AI agents

Banks and AI coding tools

Revolut moved about 2,000 software engineers from Claude Code and Codex to a self hosted GLM model from Z.ai and says its bill fell to about one tenth. Goldman Sachs is restricting traders' and bankers' access to advanced AI coding tools such as Claude and GitHub, keeping access mainly for engineers and quant strategists. JPMorgan Chase will use OpenAI's Codex coding agent and cybersecurity models through the Daybreak program, with financial terms not disclosed. Revolut · Goldman Sachs · JPMorgan Chase

Franklin Templeton is developing AI workflows with Codex, agents and a semantic layer to help investment teams compare research and identify risks, and is testing them in hackathons. Franklin Templeton

Visa and Mastercard

Mastercard is partnering with OpenAI on AI shopping agents through Agent Pay and signed a memorandum with Tencent's TenPay Global on agentic and cross border payments. Visa tested 22 AI models from 12 labs in 15 shopping scenarios and found they passed 57.2% of runs, while 54% of failed runs still ended in a purchase. Mastercard and OpenAI · Visa benchmark

Visa signed memorandums with Hong Kong Science and Technology Parks Corporation and Senegal on AI enabled fintech, digital commerce and government linked payments. Visa also set up six hubs at its new Singapore Solution Center for AI, cybersecurity, quantum computing and payments, where more than 1,500 professionals will work. Visa deals · Visa Singapore

Payments for AI agents

Berlin based Pliant raised an $80 million Series C led by Seaya Nova and Speedinvest, reports more than $100 million in annual recurring revenue and is building licensed payment infrastructure for AI agents. Firmly raised a $15 million Series A led by Squarepoint Capital, with J.P. Morgan Payments, Mastercard and Samsung NEXT, to let retailers sell through AI assistants. Toronto based Snaplii raised $15 million for capped, pre funded wallets that let AI agents pay without exposing users' main card details. Pliant · Firmly · Snaplii

Hong Kong based Sunrate launched a multi currency virtual card that lets authorised AI agents pay within set limits, and it completed Mastercard Agent Pay certification. Cashfree Payments launched Checkout for Agents, which lets AI shopping agents read orders on its hosted checkout while customers still approve with an OTP or UPI PIN. Reap, Meitu's EveLab Insight and Pivota signed a memorandum to explore linking AI skin analysis with checkout and user approved agentic payments. Sunrate · Cashfree · Reap and Pivota

LexisNexis Risk Solutions added Know Your Agent intelligence to its fraud platform, so firms can identify AI agent activity and allow, review or reject it. Q2 Holdings received AIUC-1 certification for the security and reliability of AI agents and says it is the first digital banking provider to get it. LexisNexis · Q2 Holdings

Deutsche Bank and Ant Digital Technologies published a white paper on AI agents in treasury, cross border payments and trade finance, proposing agents with explicit, revocable authority and verified identities. Deutsche Bank and Ant

Hong Kong FinTech Week

Tencent presented AI tools for payment fraud detection and investment research, and said TenPay Global connects to more than 60 overseas wallets. Ant Digital Technologies unveiled Agent Factory for building and running AI agents at scale, and added KYA, a tool for verifying AI agents, to its ZOLOZ platform. Instadesk reported a 45% cost reduction and a 20% rise in sales conversion at a Southeast Asian insurer with about 18,000 agents. Tencent · Ant Digital · Instadesk

iCOMPASS introduced KY-AI, which helps financial institutions list their AI systems, assign accountability and monitor changes. HashKey Capital and Nasdaq listed AMBR will explore AI agents for investment research, operations, client services and digital asset finance. iCOMPASS · HashKey and AMBR

Regulators and policy

The US Office of the Comptroller of the Currency issued a framework for examiners reviewing banks' use of super intelligence, which it says is guidance and adds no new bank requirements. Rep. Bill Foster introduced a bill that would require the Federal Reserve and other regulators to build and release open source software for monitoring AI and cyber risks. OCC · Foster bill

Xiao Yuanqi, vice head of China's National Financial Regulatory Administration, said in Hong Kong that concentrated AI investment is raising borrowing costs, leverage and credit risks. A State Council report to the National People's Congress Standing Committee says China will explore AI in financial regulation and services. Xiao Yuanqi · China report

Reserve Bank of Australia Assistant Governor Sarah Hunter said almost no liaison firms now report zero AI use, but there is little evidence yet of higher productivity, and AI's near term effect is more demand and inflation pressure. RBA

Security and fraud

Microsoft says the Cambodia based group Storm-3358 used the ARTEX agentic AI framework in October to break into financial firms, mainly in Southeast Asia, and steal data. India's CERT-In says the Crafty Falcon campaign uses AI driven tools against banks, fintechs and crypto services, and that a backdoored ARTEX Docker image exposed 62 consoles. India's I4C and CERT-In told banks, NBFCs and fintechs that attackers use AI agents against payment APIs, and asked for incidents to be reported within six hours. Microsoft · Crafty Falcon · I4C warning

The North Korean group TraderTraitor, which the FBI accuses of stealing $6.3 billion from Binance, may have used AI to pick high value crypto targets, according to experts cited by Bloomberg. TraderTraitor

Fourthline and Veridas are merging into one identity verification and fraud prevention company, with AshGrove investing €40 million in Fourthline as part of a package of up to €65 million. Dubai based Mashreq added generative AI to its fraud management platform with Clari5, a Perfios company. WIDTH and Indonesian fintech Nawadata will offer banks AI tools for regulatory reporting, customer checks and transaction monitoring. Fourthline and Veridas · Mashreq · WIDTH and Nawadata

Banks and their AI tools

Commercial Bank of Dubai selected Harvey for legal research, drafting and document review, and its lawyers will build AI agents for recurring work. Dubai International Financial Centre says its AI, fintech and innovation community now has more than 2,000 firms. Hexaware Technologies signed a five year framework to support the EBRD's technology operations with AI, data and automation services. Commercial Bank of Dubai · DIFC · Hexaware and EBRD

BMO introduced AI Agent Assist for credit card inquiries at its Canadian contact centre and expects 20 to 30 percent faster resolution for eligible cases. FMSI launched Pulse, which lets banks and credit unions query branch data in plain language, and Surveys for feedback after branch visits. Omega Systems launched a managed AI service for US healthcare and financial firms, with support for HIPAA, SEC and FINRA requirements. BMO · FMSI · Omega Systems

Kenyan fintech WayaWaya is entering retail banking with an AI app through Choice Bank, which provides the licensed banking services. WayaWaya

Personal finance

Anthropic is rolling out Claude Personal Finance in beta to Pro, Max and Ultra users in the US, connecting accounts through Plaid in read only mode. Wealthsimple launched Penny, an AI assistant that prepares e transfers, flags duplicate charges and helps clients trade, with every transaction confirmed by the client. UK startup Haido, founded by former Revolut employees, opened a waitlist for an AI service that explains users' finances. Anthropic · Wealthsimple · Haido

An FIS survey of 2,000 UK adults found 22% would let an AI assistant manage their day to day finances, and 58% would not. GoHenry research found 40% of people aged 6 to 18 use AI for financial advice, second only to parents as a trusted source. FIS survey · GoHenry

Lending and mortgages

Manchester based Crediflow AI raised €1.8 million led by NPIF II, managed by PXN Ventures, for software that analyses financial data and bank transactions for lenders. Dark Matter Technologies bought House Numbers' AI agent platform and is adding it to its Empower loan origination system. Tax Guard and Lama AI are adding verified IRS tax transcripts to Lama AI's lending workflow and say this cuts manual work by 95%. Crediflow AI · Dark Matter · Tax Guard and Lama AI

DossDocs connected its 50 state loan document platform to Mortgage Automator's Lendr, so completed documents return to the loan file. LenDb.ai is a free database of 224,703 US loan officers with an API and MCP server for AI assistants. ATTOM expanded its rental valuation model to nearly 100 million US homes and reports a 5.9% median absolute error for homes not yet listed. DossDocs · LenDb.ai · ATTOM

Accounting, tax and finance teams

London based Tallia, formerly Revax, raised €4 million in seed funding co led by Outward VC and the ICAEW for its tax research and drafting platform. New York based Clark raised an $11 million seed round led by Touring Capital for its AI audit employees, bringing its total funding to $16 million. TaxDome released a client MCP that lets taxpayers ask Claude, ChatGPT or other assistants about their documents, invoices and return status. Tallia · Clark · TaxDome

Drake Software will launch SmartExtract, an AI document extraction tool, in beta in December at $5 per return for tax year 2026. Levvy added AI tools for invoices, follow up calls and profitability analysis, plus connections to Claude and ChatGPT, in all its plans. TagniFi launched TagniFi Spread, which uses AI to map private company financial statements and tax returns into custom Excel layouts. Drake Software · Levvy · TagniFi

Abacum launched Abra, an AI agent for business planning that coordinates specialised agents, at no extra cost to customers. OneStream says it has more than 600 EMEA customers and that EMEA use of its Finance AI has more than tripled since the end of 2025. Loyalty Juggernaut and On Point Loyalty launched fidivio, a finance platform for loyalty programs with an AI assistant called fidi. Abacum · OneStream · fidivio

Mondelēz International and Accenture are applying agentic AI to Mondelēz's global order to cash process, from customer service to collections. MercadoLibre raised its AI spending by $30 million from the previous quarter and says AI has freed almost 20% of finance team hours. Mondelēz and Accenture · MercadoLibre

The Association for Financial Professionals gave Google its 2026 Pinnacle grand prize for an automated treasury investment workflow using machine learning models and AI agents. Google treasury

Insurance

Insurance startup Kalepa raised a $75 million Series B led by Updata Partners at a $470 million valuation, bringing its total funding to $91 million. Guardian signed a multi year deal with Sierra, whose AI will handle about 1 million dental verification calls a year. Gore Mutual put Guidewire's ProNavigator assistant into its claims and personal lines underwriting systems. Kalepa · Guardian and Sierra · Gore Mutual

Vertafore launched an AI agent for policy changes in Surefyre and says internal testing cut review time by 70% and errors by 98%. InsurGrid launched Policy Change Monitoring, which checks connected client policies every 15 days and alerts agencies to cancellations and coverage changes. UK insurer Covertime gives indicative temporary car insurance prices in ChatGPT, while purchases stay on its own website. Vertafore · InsurGrid · Covertime

Kin says its AI tools helped customers start 244 claims within 20 hours of Hurricane Isaias making landfall, with a first payment less than 10 hours after filing. Mitchell plans an exclusive deal to connect Tractable's LumaScanner vehicle inspections with Mitchell Intelligent Estimating for preliminary collision estimates. Livmor opened a private preview of Carrier Command, which compares Medicare Advantage plans across 3,190 US counties, before a public launch on 1 December. Kin · Mitchell and Tractable · Livmor

Markets and investing

Seattle based Finpilot raised a $10 million Series A led by Lobby Capital for AI agents that read fund manager reports for institutions such as pension funds. Israeli startup 42AI came out of stealth with $62.5 million in seed funding and says 10 brokerages use its model to manage liquidity, margin and hedging. Egyptian fund Nclude closed more than $112 million for fintech and AI startups in Africa and the Middle East. Finpilot · 42AI · Nclude

Denmark's AkademikerPension plans to buy Anthropic shares in its IPO, citing the company's governance and safety commitments. ING is auctioning about 12 data center loans worth about $500 million, including a $25 million stake in the Stargate project in New Mexico. Edward Jones is developing an AI retirement plan management tool with Aboon and RPAG, to roll out to its advisors in 2027. AkademikerPension · ING · Edward Jones

Fitch Solutions made Fitch Ratings, CreditSights and BMI content available in Perplexity through its Fitch Nexus MCP connector. Benzinga is making its licensed financial news and market data available to AI agents through Firecrawl Alexandria. SigmaCore.ai says generative LLMs reached 63.5% exact precision on 3,400 financial calculation tests, against 94.7% for LLMs with code execution. Fitch Solutions · Benzinga · SigmaCore.ai

FirstQFM says its quantum system on a Rigetti computer reached 52.02% directional accuracy in a forecasting test for SW7 Group across 43 assets. Synova Global will use Eventus's Validus trade surveillance platform, starting with the NativX compute marketplace in Puerto Rico. Austin based investment bank Lombard Global uses Maywood's Maverick AI agent for business development and expects deal flow to rise more than 70%. FirstQFM · Synova and Eventus · Lombard Global

M&A adviser Millenium Associates selected Ittikar's AI private capital platform and joined its network for family offices. Millenium and Ittikar

Leverate launched a CRM for CFD brokers with an AI assistant, MCP connectivity and support for MT4 and MT5. Leverate

Spotware added an MCP server to cTrader Admin so brokers can connect ChatGPT, Claude and Codex to platform data. Spotware

Surveys and skills

Capgemini found 59% of banks and insurers are piloting or deploying multi agent AI, but only 10% have reached enterprise wide orchestration. In Wipfli's annual studies, 59% of bank and credit union executives said AI outcomes exceeded expectations. A survey of 2,015 executives at midsize firms, by Economist Enterprise and sponsored by SAP, found AI adoption is moving faster than workforce and process change in finance. Capgemini · Wipfli · Economist Enterprise

Accounting Seed found that AI saves US finance teams time but adds work on data cleanup and output checks, and 82% would get more value with data in one system. Zenarate joined the Jobs2030 coalition of Zopa Bank and ClearScore, which plans to train 100,000 UK finance workers in AI by 2030. Accounting Seed · Jobs2030