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TBC Bank Uzbekistan raises $37m

TBC Bank Uzbekistan (TBC UZ), the country’s largest digital bank, announces a $37 million equity investment from its majority shareholder London-listed TBC Bank Group PLC (TBC Group). This capital brings the total new equity funding secured in 2024 to $75 million, setting a new annual record for TBC UZ.

/ai

Lending tech vendor Zest AI lands $200 million growth investment

Zest AI, a leader in AI lending technology, announced a $200 million growth investment from global software investor Insight Partners to support the company's next phase of transformation.

/ai

Databricks is raising $10B Series J investment at $62B valuation

Databricks, the Data and AI company, today announced its Series J funding.

/ai

Bunq delivers real-time speech-to-speech AI translation

bunq, Europe’s first AI-powered bank, today announced a significant upgrade to its AI assistant, Finn, making it the first bank globally to introduce real-time speech-to-speech translation within its app.

/ai

Experian fraud report finds huge growth in GenAI technologies

Experian announced its 2024 Global Identity & Fraud Report that provides a comprehensive view of the consumer and business response to the latest fraud patterns and fraud‑mitigation strategies in the worldwide financial services sector.

/ai

Allfunds introduces AI-powered navigation assistant

Allfunds, one of the leading B2B WealthTech platforms for the funds industry, today announces the launch of ANA (Allfunds Navigation Assistant), a new AI powered feature which improves usability and functionality for Allfunds Connect users, both Fund Houses and Distributors, to better navigate the platform and evolve their experience.

/ai

GFT and Databricks vow to democratise AI across North America

Insurers and financial service organizations across North America are under increasing pressure to integrate AI into their operations in order to drive new efficiencies both internally and for their customers.

/ai

Interactive Brokers introduces AI-generated news summaries

Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, announced the introduction of AI-generated news summaries to its News & Research offering.

/ai

Everyday Loans signs multi-year licence agreement with Jaywing

Data science consultancy Jaywing announces a strategic three-year partnership with Everyday Loans, a leading UK consumer finance provider, to implement advanced AI and machine learning solutions across their business operations.

/ai

Fulton Bank signs up for Nice customer engagement kit

NICE (Nasdaq: NICE) today announced that Fulton Bank, a financial service holding company, is taking the next step in its digital transformation by selecting NICE’s Enlighten-powered agent assist and self-service solutions.

/ai

Genesis Global releases new developer portal and AI-driven tools

Genesis Global introduced a new developer portal and new AI-driven tools to help financial sector developers deliver financial markets-grade applications ten times faster.

/ai

Frankenmuth Credit Union enlists Glia for member communications

Glia, the leader in customer interaction technology, today announced a partnership with $1.4 billion-asset Frankenmuth Credit Union (FCU) to unify member interactions across digital channels, voice and AI. By leveraging Glia’s ChannelLess® architecture, the credit union will enhance the member experience, drive efficiencies for agents and managers, and create revenue opportunities.

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