Tagged: ai

April 17, 2025 @ 8:28 am By Omar Faridi  |  

Auradine, Inc., a firm focused on breakthrough, energy-efficient solutions for blockchain and AI infrastructure, announced closing of an additional $153 million in connection with its Series C funding round. The oversubscribed round was led by StepStone Group and “included participation from Maverick Silicon, Premji Invest,… Read More

April 16, 2025 @ 12:11 pm By Omar Faridi  |  

Pipe, a fintech company enabling embedded financial solutions for software platforms, today announced its strategic acquisition of Glean.ai, an AI-powered spend management company. With this acquisition, Pipe becomes the first embedded finance company to bring together “embedded capital and spend management for small businesses via… Read More

April 12, 2025 @ 5:51 pm By Michael Wong  |  

Hong Kong Investment Corporation Ltd (HKIC) and fintech platform WeLab announced a strategic partnership to accelerate artificial intelligence (AI)-driven financial services, aiming to promote digital financial inclusion across Asia. The collaboration will enable WeLab to expand its exploration of AI applications, including developing innovative AI… Read More

April 12, 2025 @ 10:50 am By Omar Faridi  |  

Sekoia.io, a European cybersecurity technologies provider and developer of the Sekoia AI-SOC platform, announces it raised 26 million euros from Revaia, with participation from UNEXO and the support of its existing investors Bright Pixel Capital, Omnes Capital and Bpifrance. This Series B funding round brings… Read More

April 11, 2025 @ 11:01 am By Omar Faridi  |  

From AI’s growing dominance to a crypto resurgence, the CBInsights team break down the trends shaping fintech ecosystem. As noted in the CBInsights research report, on its face, fintech funding appeared to have had “a strong quarter in Q1’25, topping $10B for the first quarter… Read More

April 9, 2025 @ 9:33 pm By Omar Faridi  |  

Hawk, the provider of AI-powered anti-money laundering (AML), screening and fraud prevention solutions, announced its $56 million Series C round of funding. Hawk is the chosen partner for more than “80 customers globally, ranging from large banks to mid-market financial institutions and fintechs.” Its technology… Read More

April 7, 2025 @ 11:08 am By Omar Faridi  |  

The financial services sector is witnessing a key shift as artificial intelligence (AI) adoption accelerates, prompting innovative responses from industry professionals. Canapi Ventures, a fintech investment firm, has launched its inaugural Generative AI Council to bridge the gap between AI founders and the complex financial… Read More

April 5, 2025 @ 4:06 pm By Omar Faridi  |  

The global venture capital landscape in Q1 2025 has split sharply into two worlds: artificial intelligence (AI) and everything else. According to PitchBook’s latest First Look datasets, AI continues to dominate VC funding, claiming an unprecedented 57.9% of total capital deployed worldwide. This surge was… Read More

April 4, 2025 @ 3:52 pm By Omar Faridi  |  

Contrary to predictions that fintech innovations like robo advisors and artificial intelligence (AI) would “diminish the role of human financial advisors,” JDPower data indicates otherwise. According to the J.D. Power 2025 Canada Investor Satisfaction Study, younger do-it-yourself (DIY) investors in Canada—once “thought to be leading… Read More

April 4, 2025 @ 11:45 am By Omar Faridi  |  

The venture capital landscape in Q1 2025 has reached a critical point, with funding soaring to its highest level in nearly three years, according to CB Insights’ latest State of Venture Q1’25 Report. This surge, driven predominantly by artificial intelligence (AI), underscores a transformative moment… Read More

April 3, 2025 @ 8:05 am By Omar Faridi  |  

Sweden’s central bank, the Riksbank, is embracing a transformative shift in economic forecasting, as recent findings from its Monetary Policy Department reveal that artificial intelligence (AI)-based models are outperforming traditional time series models in predicting Swedish GDP and inflation. This development marks a significant leap… Read More

April 2, 2025 @ 6:51 pm By Omar Faridi  |  

Klarna, the AI-powered payments and commerce network, announced the relaunch of Laybuy in New Zealand. The launch combines a Kiwi brand with the expertise of BNPL Fintech Klarna. With over 93 million active users and 675,000 retailers across 26 markets, Klarna’s platform will aim to… Read More

April 2, 2025 @ 10:21 am By Omar Faridi  |  

Payhawk, the spend management platform, today announced the launch of “AI Office of the CFO,” a suite of AI agents that solve finance’s AI challenge: increasing finance teams’ productivity while “maintaining complete control over their operations.” With its platform managing companies’ transactions, policies, workflows, and… Read More

April 2, 2025 @ 10:04 am By Tony Zerucha  |  

Ocrolus, a provider of AI-driven document automation and analysis for financial services and Entech, a global digital consultancy, today announced a strategic partnership to transform the lending application process. By combining Ocrolus’ intelligent document processing technology with Entech’s loan origination platform and technology services, lenders can… Read More

April 1, 2025 @ 11:45 am By Omar Faridi  |  

PitchBook noted that China’s latest move to bolster its technological capabilities has arrived in the form of a 1 trillion yuan (approximately $138 billion) high-tech fund, unveiled during the 2025 Two Sessions. The report from PitchBook added that this state-backed venture capital (VC) initiative targets… Read More

March 31, 2025 @ 11:13 am By Omar Faridi  |  

Deloitte announced the scaling of its Global Artificial Intelligence (AI) Simulation Center of Excellence (CoE), building on its global investment of $3 billion in Generative AI (GenAI) through fiscal year 2030. Launched first in Bengaluru, India to serve Deloitte’s global network, the Simulation CoE aims… Read More

March 29, 2025 @ 11:05 am By Omar Faridi  |  

CommBank is reportedly establishing a Tech Hub in Seattle, Washington (US), to advance the bank’s technology leadership and delivery of improved customer experiences by equipping teams with the skills needed to stay ahead. CommBank Chief Executive Officer, Matt Comyn said, “As the rate of global… Read More

March 27, 2025 @ 6:27 am By Omar Faridi  |  

Akur8, the artificial intelligence (AI)-based pricing solution dedicated to insurers, announces today that the Covéa Group, an insurance provider in France, has chosen its platform to optimize its pricing processes. This collaboration will enable Covéa to accelerate its pricing cycles, enhance the “accuracy of its… Read More

March 26, 2025 @ 4:04 pm By Omar Faridi  |  

Trulioo, an identity platform with proven global coverage for person and business verification, announced across-the-board advances in its Identity Document Verification from innovation around AI and machine learning models. Trulioo has found advanced fraud techniques – such as ID alterations and deepfakes – account for… Read More

March 23, 2025 @ 6:55 pm By Omar Faridi  |  

AI is dramatically changing online gaming, according to an update from the World Network. According to a new survey shared by the World Network, more than 7 in 10 gamers “agree unauthorized third-party bots are both ruining multiplayer competition (71%) and making it less fun… Read More