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European Artificial Intelligence Act comes into force

Today, the European Artificial Intelligence Act (AI Act), the world's first comprehensive regulation on artificial intelligence, enters into force.

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Macquarie invests in Hawk

Hawk, the leading provider of AI-powered technology for fraud prevention and anti-money laundering (AML), today announced a further extension of its Series B financing, with Macquarie Capital having agreed to join existing investors Rabobank, BlackFin Capital Partners, Sands Capital, DN, Picus, and Coalition.

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Fintech VC fund Cedar-IBSi Capital invests in Cogniquest

Early-stage FinTech VC fund, Cedar-IBSi Capital, has announced its first investment in Cogniquest, an AI-ML Intelligent Document Processing company that is seeking to focus on document automation for Financial Services institutions.

/ai

EarnUp unveils AI Advisor

EarnUp Inc., a financial wellness fintech company, announced today its newest product, AI Advisor, the industry’s first and only always-on AI-powered financial guru that helps to automate end-to-end consumer financial wellness.

/ai

Lynx to scale AI fraud detection business with NTT Data

NTT DATA, a global leader in business and technology services, today announced its strategic partnership with Lynx Tech, a revolutionary fintech company specialising in AI-driven fraud detection.

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Adesso launches GenAI tool to support financial services firms with Dora compliance of contracts

adesso, a leading global IT services provider, is rolling out a new generative AI tool to help financial services firms review contracts in adherence with the European Union's Digital Operational Resilience Act (DORA) directive.

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Eltropy rolls out AI suite built exclusively for credit unions and community banks

Eltropy, the leading AI-powered conversations platform for community financial institutions (CFIs), today announced the general availability of the industry’s most advanced Safe-AI suite built exclusively for credit unions and community banks.

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Global Relay connects with OpenAI’s ChatGPT Enterprise Compliance API

Global Relay, the leading provider of communications compliance solutions for regulated industries, announces its integration between OpenAI’s ChatGPT Enterprise Compliance API and Global Relay’s financial compliance platform.

/ai

Iress integrates with AI-driven PlannerPal

Iress today announces a new integration with AI-driven PlannerPal, adding to the list of Xplan integrations available for financial advice clients.

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Estonian fintech Mifundo picks up €2.5 million grant from European Innovation Council

Innovative Estonian fintech company Mifundo has secured €2.5M grant funding plus investment from the prestigious European Innovation Council (EIC) Accelerator program, making it the first fintech company ever to receive full funding from this initiative.

/ai

Vanna AI wins Paddle’s 2024 AI Launchpad

Vanna AI, the AI business intelligence assistant, has won Paddle’s 2024 AI Launchpad, the second edition of its six-week program aimed at empowering ambitious software founders to build, launch and scale their AI-powered business ideas.

/ai

TBC Uzbekistan appoints Konstantin Kruglov as head of AI

London-listed TBC Bank Group PLC announces the appointment of Konstantin Kruglov as Head of Artificial Intelligence at TBC Uzbekistan, its fast-growing fintech business in Central Asia’s largest country by population.

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