Artificial Intelligence

May 20, 2025 @ 9:18 am By JD Alois  |  

QuantumLight, founded by Nik Storonsky, co-founder and CEO of digital bank Revolut, has announced the closing of a $250 million venture capital fund. According to a release, the money will be utilized to invest in firms in the AI, Web3, Fintech, SaaS and Healthtech sectors…. Read More

May 20, 2025 @ 9:14 am By Omar Faridi  |  

Klarna, the AI-powered global payments and commerce network, announced its Q1 2025 results, unveiling consumer milestones, surging market traction, and exceptional returns from its AI strategy. Klarna is a Fintech that is widely expected to list its shares in an initial public offering (IPO) later… Read More

May 19, 2025 @ 1:00 am By Omar Faridi  |  

Tether, which claims to be the largest company in the digital asset industry,  announced its upcoming QVAC (QuantumVerse Automatic Computer), a development platform for Infinite Intelligence, designed for humans and machines, that enables “scalable AI applications and agents to run directly on local devices without… Read More

May 18, 2025 @ 10:23 pm By Omar Faridi  |  

Openlayer, a unified platform for evaluation and governance of AI systems at the enterprise level, announced a $14.5 million Series A round, led by Race Capital with participation from NXTP, KPN Ventures, Mindset, Y Combinator, Quiet Capital, and Telefonica. The company will leverage the new… Read More

May 18, 2025 @ 10:22 pm By Tony Zerucha  |  

Mashreq, a MENA financial institution, is set to announce a strategic partnership with Clari5, a provider of real-time financial crime management, to launch Clari5 Genie, a Gen AI-powered fraud detection and investigation platform. Clari5 Genie is designed to help banks proactively manage fraud by using Gen-AI to uncover… Read More

May 18, 2025 @ 6:21 pm By Omar Faridi  |  

Riskified, a firm focused on e-commerce fraud and risk intelligence, has achieved AWS Accelerate Partner status. This global co-sell initiative strengthens Riskified’s collaboration with AWS, enabling the company to “extend its fraud and risk intelligence solutions to online sellers worldwide.” With this partnership, Riskified’s advanced… Read More

May 17, 2025 @ 11:45 am By Tony Zerucha  |  

CrediLinq, an AI-powered embedded finance platform for digital-first SMEs, has closed an $8.5 million Series A funding round. The round was led by OM/VC and MS&AD Ventures. New investors include Citi North America and the Rustem Family office. Returning investors include 500 Global, Epic Angels, 1982 VC and… Read More

May 16, 2025 @ 4:02 pm By Omar Faridi  |  

On May 16, 2025, Galaxy Digital Holdings Ltd. (TSX:GLXY) (NASDAQ:GLXY)began trading on the Nasdaq Global Select Market, marking a significant milestone for the company and the broader digital asset industry. The company’s shares opened at $23.50 closing at $22.80 after topping $25 a share. Galaxy… Read More

May 16, 2025 @ 11:24 am By Omar Faridi  |  

Nekuda, a startup building infrastructure for agentic payments, announced a $5M funding round led by Madrona Ventures with participation from global financial services providers including Amex Ventures and Visa Ventures. The funding will accelerate Nekuda’s mission to “enable AI agents to make secure, autonomous online… Read More

May 16, 2025 @ 9:01 am By Omar Faridi  |  

Perplexity announced that it has partnered with PayPal to power agentic commerce across its Perplexity Pro platform. Starting this summer in the U.S., consumers can “check out instantly with PayPal or Venmo when they ask Perplexity to find products, book travel, or buy tickets.” Aravind… Read More

May 16, 2025 @ 7:20 am By Omar Faridi  |  

Following a review of the market, Lloyds Banking Group (LBG) has selected Moneyhub to categorize and enrich all retail and non-retail transactions across LBG’s customer base and brands, “including Lloyds, Halifax, Scottish Widows and Bank of Scotland.” This will support customers to understand what they… Read More

May 15, 2025 @ 2:27 pm By Tony Zerucha  |  

As new impactful technologies emerge, insurance providers grapple with pricing risk properly. Effective solutions are developed by looking at relevant regulations and comparable industries. Providers must also develop a nuanced understanding of the technology. Alternative Intelligence (AI) has insurers considering all of the above, and… Read More

May 14, 2025 @ 11:17 pm By Omar Faridi  |  

Fintech infrastructure provider Plaid continues to focus on financial technology solution with its latest updates announced in May 2025. From product enhancements to supporting of AI-driven engineering and a key update about its professional team, Plaid is committed to its mission to democratize financial services…. Read More

May 14, 2025 @ 10:18 pm By Omar Faridi  |  

Texas Attorney General Ken Paxton has secured a historic $1.375 billion settlement with Google, marking the largest state-level data privacy settlement in U.S. history. The agreement reportedly resolves two lawsuits filed in 2022 that accused Google of unlawfully collecting Texans’ personal data, including location information,… Read More

May 14, 2025 @ 10:10 pm By Omar Faridi  |  

Enterprise digital documentation infrastructure provider Arteria AI has partnered with TruStage Compliance Solutions, a provider of financial transaction technology and expertise, to launch Deal Flow, a content modification and deal management integration that is purpose-built to support community banks and credit unions. TruStage Compliance Solutions… Read More

May 14, 2025 @ 8:30 am By Tony Zerucha  |  

Foxit, a provider of innovative PDF and eSignature products and services, today announced the launch of Smart Redact Server, a new AI-driven platform built to automate the redaction of sensitive data at scale across enterprise environments. Designed for organizations that manage large volumes of regulated… Read More

May 13, 2025 @ 11:06 pm By Tony Zerucha  |  

The Web3 world has plenty of opinions on the impact of the trade deal between China and the United States. See what Web3 executives have to say. The global cloud industry needs more “A temporary trade deal between the US and China is not enough… Read More

May 12, 2025 @ 3:43 pm By Omar Faridi  |  

OX Security, a firm specializing in Application Security, announced $60 million in Series B funding. The latest investment round was led by DTCP, with participation from the following: IBM Ventures, Microsoft, Swisscom Ventures, Evolution Equity Partners, and Team8. The company, which enables organizations to focus… Read More

May 12, 2025 @ 8:03 am By Omar Faridi  |  

CUBE, a firm specializing in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), opened its global headquarters located at the iconic City of London building, Tower 42, and confirmed the growth trajectory of the company over the last year – increasing revenue, employees and… Read More

May 9, 2025 @ 5:51 pm By Omar Faridi  |  

Feedzai, the global firm focused on AI-native financial crime prevention,  released its 2025 AI Trends in Fraud and Financial Crime Prevention report, uncovering how generative AI (GenAI) is used in financial fraud. More than 50% of fraud involves the use of artificial intelligence. Generative AI… Read More