Artificial Intelligence

February 28, 2025 @ 9:05 am By Omar Faridi  |  

The World Economic Forum and VivaTech have agreed to launch a European Centre for AI Excellence (CAIE) in Paris in 2025. The centre will join the World Economic Forum’s Centre for the Fourth Industrial Revolution (C4IR) global network, further “advancing its global leadership in leveraging… Read More

February 27, 2025 @ 10:01 pm By JD Alois  |  

Shiboleth, described as an AI-powered compliance platform, has emerged from stealth mode. A Y Combinator startup, the company has raised $1.5 million, according to a release. Shiboleth said that it is live with customers and “experiencing high demand” for proofs displaying compliance tech from financial… Read More

February 27, 2025 @ 9:58 pm By Omar Faridi  |  

World, which claims to be the largest human-centered financial and identity network, is now available in the Philippines, a country fueled by a young, digitally savvy population and an emerging middle class “eager to adopt new technologies and financial solutions.” World ID Orb verifications are… Read More

February 27, 2025 @ 3:22 pm By Omar Faridi  |  

Shop Circle announced the closure of its Series B funding round, securing $60 million in new capital. The funding round was led by Nextalia Ventures, a fund managed by the investment platform of Nextalia SGR S.p.A., with over “$1.6 billion in assets under management.” Additional… Read More

February 27, 2025 @ 3:20 pm By Omar Faridi  |  

AI is advancing as a driver of the “next generation” of payments and treasury solutions, as organizations seek to leverage tech in order to address operational challenges in an effective manner, a research report by HSBC (NYSE: HSBC) in collaboration with Accenture (NYSE: ACN) highlights. The report,… Read More

February 27, 2025 @ 10:15 am By JD Alois  |  

Stripe, a payments and cash management platform used widely around the world, says it will extend an offer to shareholders to purchase stock at a valuation of $91.5 Billion or €87.3 billion. Stripe noted that it is profitable and anticipates this will continue going forward…. Read More

February 27, 2025 @ 7:30 am By Omar Faridi  |  

Research from PensionBee reveals that Londoners are far more enthusiastic about using artificial intelligence (AI) to help manage their finances compared to the rest of the UK. A nationally representative survey of 1,000 UK adults examining attitudes toward AI in pension customer support revealed “that… Read More

February 25, 2025 @ 10:06 am By Omar Faridi  |  

Digital interactions by Bank of America (NYSE: BAC) clients grew 12% last year, reaching an all-time record 26 billion interactions through a combination of digital logins and proactive alerts. Innovative digital capabilities are enhancing experiences for the company’s more than “58 million verified digital clients… Read More

February 25, 2025 @ 7:45 am By Tony Zerucha  |  

Debt capital markets Fintech CredCore this week announced a $16 million Series A. The round was led by Avataar Ventures, with participation from Inspired Capital, Fitch Group, BellTower Partners, and senior executives in asset management and financial services. The new funding will be used to… Read More

February 24, 2025 @ 4:50 pm By JD Alois  |  

The fear of artificial intelligence (AI) becoming self-aware, similar to Sky Net in the eponymous Terminator series, or at least leveraged to manipulate the masses, appears to be driving an onslaught of legislation targeting AI. Multistate, a government relations firm, has published a map tracking AI… Read More

February 23, 2025 @ 5:16 pm By Omar Faridi  |  

Klarna, the AI-powered payments and commerce network, has entered a new partnership with Combined Independent Holdings (CIH), the UK arm of Euronics—Europe’s electrical buying group—to integrate Klarna’s flexible payment options into Euronics.co.uk. This collab marks the start of a rollout that will aim to extend… Read More

February 22, 2025 @ 5:58 pm By Omar Faridi  |  

DiligentIQ, the AI-powered platform for conducting private equity due diligence, has raised up to $12 million in a two-tranche Series A round led by FINTOP Capital and partner JAM FINTOP. The investment will be used to scale DiligentIQ’s team and operations “as it expands its… Read More

February 21, 2025 @ 8:57 am By JD Alois  |  

Artificial intelligence firm and OurCrowd portfolio company Groq has received a $1.5 billion commitment from the Kingdom of Saudi Arabia. According to the offering page, Groq is an energy-efficient, high-performance AI provider. Founded in 2016 by former Googlers, Groq aims to: “…revolutionize the AI industry… Read More

February 20, 2025 @ 9:22 pm By Omar Faridi  |  

Stacks, the AI-powered workspace helping companies close their books quickly and efficiently, announced a $3 million pre-seed round led by EQT Ventures, followed by a $7 million seed round led by General Catalyst, with EQT Ventures. The rounds also saw participation from s16vc and angel… Read More

February 20, 2025 @ 11:16 am By Omar Faridi  |  

Growing levels of financial crime and regulatory “scrutiny” are forcing organizations to step up spending on compliance, but they are “less sold on AI as the standalone solution,” according to a survey of risk and compliance officers by LSEG Risk Intelligence. The survey finds that… Read More

February 20, 2025 @ 10:15 am By Omar Faridi  |  

Glassbox, a Toronto-based fintech startup, announced that it raised $1.2 million in pre-seed funding in order to “reimagine” how finance teams work with spreadsheets in the age of AI (artificial intelligence). The investment round was led by FinTech Collective (New York) and StandUp Ventures (Toronto),… Read More

February 19, 2025 @ 9:43 pm By Omar Faridi  |  

Earnix, a provider of intelligent decisioning SaaS solutions for regulated industries, announced the launch of the Earnix Copilot, “Alix.” This generative AI-driven agent is designed to enhance decision-making within the Earnix platform, driving “business outcomes and productivity for insurance and banking organizations.” With the Earnix… Read More

February 19, 2025 @ 10:58 am By JD Alois  |  

Trustfull has announced the launch of Domain Intelligence, a package of services that aims to prevent fraud and enable identity verification all powered by artificial intelligence. Based in Milan, Trustfull was created to support businesses by leveraging OSINT-based fraud prevention solutions. Created in 2020, Trustfull… Read More

February 18, 2025 @ 9:09 pm By Omar Faridi  |  

Corridor Platforms collaborates with Google Cloud in order to solve GenAI governance for banks. The partnership enables banks to deploy GenAI apps, leveraging Corridor’s GenGuardX platform for governance, compliance, and risk management Corridor Platforms, the enabler of AI governance solutions, announces a partnership with Google… Read More

February 18, 2025 @ 9:08 am By Tony Zerucha  |  

A new survey shows nearly half of all financial services executives struggle with managing credit risk and detecting and preventing fraud. It also suggests many are revamping their credit risk decisioning and fraud prevention strategies in 2025, with AI playing a prominent role. These are… Read More