Artificial Intelligence

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

May 9, 2025 @ 8:00 am By Omar Faridi  |  

  In February, a finance worker at a multinational firm in Hong Kong was tricked by a deepfake video call into transferring over $25 million to scammers. Weeks later, a French woman lost her inheritance to a deepfake dating scam. And the list keeps growing…. Read More

May 8, 2025 @ 5:43 pm By Omar Faridi  |  

Stripe announced new products designed to help businesses harness AI and stablecoins to accelerate their growth. Last year, businesses on Stripe processed “$1.4 trillion in total payment volume—up 38% from 2023 and equivalent to around 1.3% of global GDP.” In aggregate, the revenue that businesses… Read More

May 7, 2025 @ 7:11 pm By Omar Faridi  |  

Prudent AI announced the launch of Prudent AI Upfront, the mortgage industry’s “one-touch” pre-qualification platform that enhances lender sales funnels. This solution empowers lenders to “process more applications, reduce fallout, and capture more business.” Prudent AI Upfront reportedly improves sales funnel efficiency through three transformative… Read More

May 7, 2025 @ 4:57 pm By Omar Faridi  |  

SIFMA and Arteria AI announced a partnership to provide all US Treasury clearing participants a data-driven documentation platform to streamline and scale the onboarding, legal compliance, and operational systems integration with “respect to the mandated central clearing of US Treasury securities repurchase transactions, as required… Read More

May 7, 2025 @ 10:52 am By Omar Faridi  |  

In a space plagued by wallet drainers, phishing kits, and seed phrase scams, Vultisig enters with a simple proposition: What if seed phrases themselves are the problem? Vultisig isn’t a browser extension. It’s not a hardware device. It’s a cryptographic vault system built around threshold… Read More

May 6, 2025 @ 11:20 pm By Omar Faridi  |  

Zest AI, a firm specializing in AI lending technology, announced the launch of LuLu Strategy, the module of a generative AI lending intelligence platform, which delivers lending performance insights with generative AI simulations and actionable analysis. Following the rollout of LuLu Pulse, the platform’s first… Read More

May 6, 2025 @ 12:40 pm By JD Alois  |  

OpenAI is one of the hottest private companies today. OpenAI is the creator of ChatGPT, the one AI [artificial intelligence] app that truly launched consumer AI into the mainstream. According to ChatGPT, it is currently in the process of raising $40 billion in a new… Read More

May 6, 2025 @ 7:43 am By Omar Faridi  |  

The artificial intelligence (AI) sector is experiencing an unprecedented boom, as detailed in a recent CB Insights report analyzing Q1’25 trends. The research report noted that AI funding surged to a record $66.6 billion, a 51% increase quarter-over-quarter (QoQ), driven by massive investments in infrastructure… Read More