Artificial Intelligence

February 16, 2025 @ 10:30 am By Omar Faridi  |  

Elite, a provider of financial management and business operations solutions to law firms, announced the launch of Elite Validate, a “purpose-built” billing compliance solution – powered by AI – that will transform and optimize how law firms manage adherence to Outside Counsel Guidelines (OCGs). Elite… Read More

February 14, 2025 @ 11:53 pm By Tony Zerucha  |  

This week, treasury operating system Finmo announced its oversubscribed $18.5 million Series A  round, bringing its total funding to $27 million. Finmo plans to accelerate its product development, invest in AI capabilities, and expand its global reach. The round was co-led by Quona Capital and PayPal Ventures with participation from Citi Ventures. The… Read More

February 14, 2025 @ 12:35 pm By Omar Faridi  |  

Experian‘s research ‘Proactive Defense: Tackling Evolving Fraud Threats’ conducted by Forrester Consulting, surveyed more than 400 senior fraud professionals and decision makers across different countries, such as India, Norway, Denmark, Spain, Italy, the Netherlands and Germany. As mentioned in the update from Experian, a notable… Read More

February 13, 2025 @ 5:13 pm By Tony Zerucha  |  

Datalign, an AI platform matching consumers with leading financial advisors, this week announced a $5 million investment from Link Ventures. That brings their total investment in Datalign to $9 million on a post-money valuation of $75 million. The capital enables Datalign to further accelerate the development of AI… Read More

February 13, 2025 @ 7:45 am By Omar Faridi  |  

Research from PensionBee reveals that while UK savers are open to AI playing a role in pension customer support, they are not ready for a fully automated experience. PensionBee noted that 79% of survey respondents expressed preferences for “a mix of human and AI interaction… Read More

February 13, 2025 @ 7:40 am By Omar Faridi  |  

Socure, the provider of artificial intelligence (AI) for digital identity verification, compliance and fraud prevention, announced the general availability of its new RiskOS platform. RiskOS builds on Socure’s acquisition of Effectiv by integrating its orchestration and decisioning engine with Socure’s identity verification and fraud prevention… Read More

February 11, 2025 @ 3:17 pm By Tony Zerucha  |  

Brightwave, an AI-powered research and diligence platform for financial professionals, today announced a partnership with Quartr, a provider of earnings call data and investor relations materials. The integration enables investment teams to rapidly analyze public market data alongside private deal documents, helping them make faster,… Read More

February 11, 2025 @ 9:44 am By JD Alois  |  

The European Union (EU) has announced a commitment of €200 billion to boost development of artificial intelligence (AI). In a public statement at the Artificial Intelligence (AI) Action Summit in Paris, Commission President Ursula von der Leyen announced the new funding to accelerate AI in… Read More

February 10, 2025 @ 9:37 am By Tony Zerucha  |  

While some trends are unmistakable, the key is to identify them before the market does. Smart investors do that by leveraging data from private markets, which can identify trends by analyzing activity between IPOs and other key events. Forge serves accredited seed and angel investors,… Read More

February 10, 2025 @ 8:51 am By Omar Faridi  |  

A recent report by CBInsights reveals the shifting landscape of corporate venture capital (CVC), with a strong emphasis on artificial intelligence (AI), early-stage deals, and a decline in investment activity in Asia. CBInsights revealed in the research report that during 2024, global CVC-backed funding rebounded… Read More

February 10, 2025 @ 5:58 am By Omar Faridi  |  

Cytora has announced the latest version of its digital risk processing platform, Cytora Platform 3.0. This updated version enhances the platform’s capabilities by utilizing agentic AI in a fully explainable manner. Agentic AI orchestrates teams of digitization agents that think, work, and explain like humans… Read More

February 9, 2025 @ 2:53 pm By Omar Faridi  |  

Several venture capital firms in Latin America are reportedly planning to increase their investments in startups offering loans and artificial intelligence products. According to a report from Bloomberg, these efforts are driven by the region’s potential for financial-technology growth. This focus on Fintech lending and… Read More

February 8, 2025 @ 8:55 am By Omar Faridi  |  

TaxGPT, the AI tax co-pilot for accounting and tax firms, announced it raised $4.6M in funding. The company is reportedly backed by the following: Rebel Fund, Mangusta Capital, Y Combinator, Launch, iSeed Ventures, Converge Fund, TRAC AI/VC Unicorn Fund, Goodwater Genesis, CRV Disrupt Fund, Principal… Read More

February 8, 2025 @ 8:37 am By Omar Faridi  |  

A recent collaboration between AdviserSoftware‎‎, part of FTRC, and InterGen Data, an AI-based financial lifetime events prediction service, has shed light on the potential risks associated with using DeepSeek, a popular AI tool. The analysis, conducted by Robert Kirk, founder and CEO of InterGen Data,… Read More

February 7, 2025 @ 8:02 am By Omar Faridi  |  

martini.ai, a provider of AI-driven credit analytics, announced the launch of Agentic AI Company Research, a solution that empowers businesses with comprehensive, real-time insights into individual companies’ credit profiles. By merging credit spread data with corporate information, this feature reportedly “provides decision-makers — including those… Read More

February 7, 2025 @ 6:06 am By Omar Faridi  |  

The EU AI provisions reportedly went into force on 2 February, 2025. Diyan Bogdanov, Director of Engineering Intelligence & Growth at Payhawk, the global spend management solution and Bulgaria’s “first” unicorn, explains that the EU AI Act isn’t “just another compliance burden — it’s a… Read More

February 5, 2025 @ 9:10 pm By Omar Faridi  |  

Algebrik AI, a cloud-native, AI-powered loan origination platform, has announced a partnership with Plaid, a data network powering the digital financial ecosystem. This collaboration aims to transform the loan origination process for credit unions and financial institutions by integrating Plaid’s consumer-permissioned data with Algebrik’s platform…. Read More

February 5, 2025 @ 6:16 pm By Omar Faridi  |  

A recent funding round has highlighted the growing demand for artificial intelligence (AI) solutions in the financial services industry.  The investment in Jump, a provider of AI tools for financial advisors, underscores the potential benefits of leveraging AI to streamline administrative tasks and enhance customer… Read More

February 5, 2025 @ 2:13 pm By Omar Faridi  |  

MongoDB, Inc. (NASDAQ: MDB) announced that Lombard Odier, a  Swiss private bank, partnered with MongoDB to enhance its banking tech systems. In collaboration with MongoDB, Lombard Odier has streamlined the modernization of its systems and apps with generative AI, “reducing technical complexity and accelerating the… Read More

February 5, 2025 @ 9:21 am By Omar Faridi  |  

Worldpay, a firm focused on payments tech and solutions, has announced that it entered into a definitive agreement to acquire Ravelin, an AI-native fraud prevention platform based in London, UK. The acquisition of Ravelin will complement and enhance Worldpay’s portfolio of solutions and enable merchants… Read More