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What do Apple Federal Credit Union, Carter Credit Union, and SCE Credit Union all have in common? All three financial institutions announced this month that they are teaming up with small business lending platform JUDI.AI. In a series of blog posts at the company’s website, JUDI.AI’s Director of Marketing Kyle Thom welcomed the three credit Read more…
AI integration platform provider AI Squared has raised $13.8 million in Series A funding. The Washington, D.C.-based startup, which made its Finovate debut at FinovateSpring last year, said that the investment will help the company fulfill its goal of “fostering widespread AI adoption by embedding AI-generated data insights directly into mission-critical applications and everyday workflows,” Read more…
Paper checks were invented in 1762, and yet we can’t seem to completely eradicate the antiquated payment technology. Business data API startup Codat is seeking to change that, however. Today, the U.K.-based company announced the launch of its new Supplier Enablement data product. The new product allows businesses to share their spend and supplier data from ERP Read more…
SoFi and its subsidiary Galileo are teaming up this week with small business banking platform Rapid Finance to launch the Rapid Access Mastercard. The new offering is a prepaid commercial card that allows Rapid Finance’s small business customers with a line of credit in good standing to access their funds. The card will give companies Read more…
Nine Finovate alums raised more than $113 million in Q1 of 2024. The relatively low fundraising results for the first three months of the year do reflect larger trends in fintech funding. But the fact that nearly half of the alums that raised funds in Q1 did not disclose the amounts raised tells us that Read more…
European digital bank bunq has raised $31 million (€29 million) in new funding. The capital infusion from the company’s shareholders came in the wake of bunq’s announcement that it has achieved a net profit of $57 million (€53 million) in 2023. The funds will accelerate bunq’s development strategy, as well as ensure that the company Read more…
Regtech innovator Lucinity is starting to draw attention. The company, headquartered in Reykjavik, Iceland, made its Finovate debut last year at FinovateSpring in San Francisco. At the conference, Lucinity demonstrated its AI-enabled copilot, Luci, which enhances financial crime compliance via insight generation, report writing, and automation. The solution uses GenAI to streamline tasks for compliance Read more…
This week Finovate Global looks at recent fintech news from Africa’s most populous nation: Nigeria. Nigerian blockchain network Zone secures investment Last week in Finovate Global we noted the news that Nigerian blockchain network Zone had raised $8.5 million in seed funding. This week we’re filling in some of the details of the investment – Read more…
Digital analytics platform Quantum Metric announced the release of a suite of new solutions to help organizations better listen and respond to the needs of their customers. Chief among these new offerings is Felix AI, the company’s new Gen AI-powered session summarization solution, powered by Google Cloud’s Gemini Pro. Session summarization helps enhance the session Read more…
If there is one area where AI is making a massive impact in financial services, that area is cybersecurity. A recent report from the U.S. Treasury Department underscores the opportunities and challenges that AI represents to the financial services industry. The product of a presidential order and led by the Treasury’s Office of Cybersecurity and Read more…
Streamly’s Code & Capital series takes a next-level look at the potential for enabling technologies to transform fintech and financial services. In today’s first conversation, Code & Capital talks with Generative AI expert and founder of Tamang Ventures Nina Schick about the way that AI could fundamentally reshape industries and economies this century the way Read more…
AI-powered fraud and risk platform DataVisor launched its end-to-end anti-money laundering (AML) solution this week. The technology leverages sophisticated machine learning and AI to cover the entire AML process without disrupting the customer’s existing workflows. Natively integrating with DataVisor’s fraud platform, the new offering enables a unified fraud and anti-money laundering (FRAML) strategy. This enhances Read more…