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Siepe raises $30m

Siepe LLC, a trusted provider of software and technology-enabled services for private credit and CLO managers, has raised $30 million in a Series B funding round led by WestCap, a strategic operating and investing firm with $6 billion in assets under management (AUM).

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Treasury Prime teams with Kobalt Labs to add AI-based compliance to network

Treasury Prime, a leading embedded banking software company, announced today the addition of Kobalt Labs, an AI-powered copilot for risk and compliance teams, to the Treasury Prime Partner Marketplace.

/ai

The World Federation of Exchanges makes recommendations for US Treasury AI regulatory framework

The World Federation of Exchanges (WFE), the global industry association for exchanges and central clearing counterparties, has called for enhancements to legislative, regulatory, and supervisory frameworks applicable to AI in financial services.

/ai

CaixaBank embarks on second phase of GenAi research and development

CaixaBank has launched a second phase in the development and deployment of generative artificial intelligence to scale use cases and implement them throughout the group.

/ai

Wealth management fintech SigFig adds AI capabilities

SigFig, a leading digital wealth management solutions and technology provider for financial institutions and their advisors, today announced new capabilities, including AI-powered functions, to its financial advisor collaboration platform, Engage.

/ai

Matchmaking platform for startups and investors Qubit expands into Europe

Qubit Capital has made a significant impact by revolutionizing how startups connect with investors.

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Paddle opens applications for third AI Launchpad

Paddle, the payments infrastructure provider, has today opened applications for its third AI Launchpad, offering 75 ambitious AI founders the chance to participate in a 6-week program to help them build, launch and scale their AI-powered business ideas.

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Hong Kong central bank opens GenAI sandbox

The Hong Kong Monetary Authority (HKMA), in collaboration with the Hong Kong Cyberport Management Company Limited (Cyberport), announced the launch of the new Generative Artificial Intelligence (GenA.I.) Sandbox today (13 August) at FiNETech2, the second edition of the FiNETech series.

/ai

Intellect launches Purple Fabric to accelerate enterprise AI adoption for financial institutions

IntellectAI, a business unit of Intellect Design Arena Ltd focusing on cutting edge Artificial Intelligence technologies, announces the launch of Purple Fabric, a pioneering platform that accelerates enterprise AI adoption for financial institutions (FIs).

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Okredo scores €1.2 million in EU funding for AI/ML-driven scoring system

Okredo, a company specializing in open data solutions, has secured €1.2 million funding from the EU for the development of a multi-modular AI/ML-driven scoring system valued at €1.5 million euros.

/ai

CIBC forms strategic AI collaboration with Creative Destruction Lab

CIBC today announced a strategic collaboration with Creative Destruction Lab (CDL), a nonprofit organization focused on empowering companies through innovation in AI technology.

/ai

Nice Actimize debuts Surveil-X Behavior to root out employee risks

NICE Actimize, a NICE (NASDAQ: NICE) business, today announced the introduction of SURVEIL-X Behavior, the newest AI-powered solution in its market-leading SURVEIL-X Holistic Employee Conduct Surveillance suite.

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