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CommBank reports 76% drop in scam losses as new security features rolled out

/security

CommBank reports 76% drop in scam losses as new security features rolled out

Australia's CommBank has unveiled a Gen AI scam detection tool that lets customers test suspicious text messages and a new feature in the bank's mobile app that will reduce the need for one-time passcodes to authorise online card transactions

Google Finance gets AI reboot

/ai

Google Finance gets AI reboot

Google is giving its financial data, news and analytics service an artificial intelligence makeover.

AI-powered payment disputes platform Casap raises $25m

/ai

AI-powered payment disputes platform Casap raises $25m

Casap, a firm using AI to automate payment disputes and tackle first party fraud, has raised $25 million in a Series A funding round led by Emergence Capital.

/ai

Broadridge invests in AI platform Uptiq

Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader, has announced a new strategic partnership and minority investment in Uptiq, an AI platform for financial services.

/people

Genesis Global names James Harrison as CEO

Genesis Global today announced the appointment of James Harrison as CEO, succeeding his fellow co-founder Stephen Murphy, who is stepping down after ten successful years heading the firm.

/ai

EToro touts AI for social investing

eToro Group Ltd. (“eToro”, or the “Company”) (NASDAQ: ETOR), the trading and investing platform, announced today how the company is harnessing artificial intelligence to redefine social investing.

/wealth

InvestCloud taps AI to drive advisor productivity

InvestCloud, a global leader in wealth technology, today announced the first of a new generation of AI-enabled solutions to help advisors increase productivity and deliver greater value to clients.

/wholesale

ERP platform Rillet raises $70m

Ambitious companies don’t rise or fall by product alone – they win or lose by how they run finance and accounting. Rillet, the AI-native ERP (enterprise resource planning) platform built for modern finance teams, today announced a $70 million Series B co-led by Andreessen Horowitz and ICONIQ with participation from Sequoia, Oak HC/FT and earlier investors.

/ai

EquiLend launches AI tool for instant market intelligence

EquiLend, a global fintech leader in securities finance, today introduced a new AI-powered assistant within its Data & Analytics suite, designed to help users interact with securities finance and short interest insights more efficiently.

/ai

Experian taps Sikoia for income and employment checks

Global data and technology company, Experian, and leading customer verification platform Sikoia today announce a new partnership to streamline and modernise income and employment verification.

/ai

VYRD and ZestyAI partner for home insurance analytics

VYRD, a Florida-based homeowners insurance company focused on delivering stability and protection in a challenging coastal market, has partnered with ZestyAI, the leading provider of AI-powered property risk analytics, to gain deeper visibility into property condition and risk exposure across its book of business.

Maybank signs RM1bn digital transformation deal with Microsoft

/cloud

Maybank signs RM1bn digital transformation deal with Microsoft

Malaysia's largest financial institution Maybank, has agreed a deal with Microsoft that will see the tech firm spearhead the bank's digital transformation

/retail

Banco Sabadell picks DXC Technology for financial inclusion

DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, has been selected by Banco Sabadell, one of Spain’s leading banking groups, to help enhance the accessibility of its digital services.

How to Handle AI Scepticism as a Banking Leader

/ai

How to Handle AI Scepticism as a Banking Leader

Speaking to FinextraTV, Runki Goswami, Global Marketing Head & CMO at Newgen Software, and Varun Ghai, Associate Vice President (P&S), UK & EU, Newgen software discuss the use of AI and technology in banking against a backdrop of heightened customer needs. Explaining the different elements that are now available to banks, Goswami and Ghai also help to define what good leaders look like in this new era of technological change and scepticism.

Wells Fargo enlists Google Cloud for agentic AI play

/ai

Wells Fargo enlists Google Cloud for agentic AI play

Wells Fargo is expanding its relationship with Google Cloud to roll out agentic AI across its operations.

/ai

HSLC picks Vine for AI-powered commercial lending

HSLC, $227 million community bank serving Ohio and Kentucky, will reduce commercial loan processing time from days to hours after implementing Vine’s AI-powered lending platform.

/ai

OLarry raises $10m for AI-powered tax planning

OLarry, an AI-powered tax firm for the next generation of high-net-worth individuals and businesses, today announced that it has raised a $10 million Series A round led by TTV Capital and joined by Walkabout Ventures and Marin Sonoma Impact Ventures, bringing the company's total funding to $14.5 million.

Alaan raises $48m for spend management platform

/startups

Alaan raises $48m for spend management platform

Alaan, a UAE-based, AI-powered corporate spend management platform founded by former McKinsey consultants, has raised $48 million in Series A funding.

The 3 Most Compelling AI Use Cases in Wealth Management

/wealth

The 3 Most Compelling AI Use Cases in Wealth Management

As part of our new Future of Wealth Series, Joe Bonanno, Global Head of Data Analytics & Innovation - Citi Wealth, Citi joined FinextraTV to discuss some of the key components of the current wealth management sector. Specifically, Bonanno brings insights into how AI is being receieved across the industry and the ways in which it is particularly useful in relation to data inputs for large language models, task optimisation and research.

/ai

GoCardless rolls out AI tool for same-day direct debit settlement

Bank payment company GoCardless has announced the launch of a groundbreaking new feature to redefine same-day settlement for Direct Debit.

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