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Vanquis Banking Group teams up with FinScan to boost AML capabilities


Vanquis and FinScan, a leading provider of AML compliance solutions from Innovative Systems, have entered into a partnership. Vanquis Banking Group is known for its dedicated approach to responsible lending within the financial industry, whereas FinScan specializes in advanced AML compliance technologies that aid in enhancing operational efficiencies and customer transparency. The driving force behind this collaboration

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Saifr and Adobe GenStudio forge alliance for compliant FinTech marketing


Saifr has announced its integration with Adobe that aims to redefine compliant content creation within the financial services industry. As part of the Adobe Experience Cloud as an Adobe Technology Partner, Saifr provides advanced AI compliance solutions that serve as a compliance guardrail for generative AI content, helping users manage their risk and enhance the speed

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PIMFA and Morningstar launch AI Tech Sprint to transform wealth management


PIMFA WealthTech, the innovation arm of the Personal Investment Management & Financial Advice Association (PIMFA), has partnered with Morningstar to launch a new AI-focused Tech Sprint, aimed at solving key operational challenges in the wealth management sector. The competition offers FinTech firms the opportunity to present their AI solutions at the Morningstar Investment Conference UK, taking place

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NatWest and OpenAI join forces to transform banking with cutting-edge AI


NatWest and OpenAI have entered into a partnership aimed at driving substantial transformations within NatWest through advanced AI technologies. NatWest, known for its comprehensive banking services, seeks to enhance its operational efficiency and customer service through this strategic collaboration. OpenAI, acclaimed for its groundbreaking work in generative AI, brings a wealth of technological expertise and innovative solutions

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Kennedys IQ launches InsurTech’s first neuro-symbolic AI solution for global insurance market


Kennedys IQ, the client-facing technology division of global law firm Kennedys, has introduced SmartRisk, the first fully explainable neuro-symbolic AI risk analysis solution for the insurance sector. This latest addition to its data-driven IQ Platform aims to revolutionise policy review, liability, and coverage analysis by enhancing decision-making speed, accuracy, and consistency. The launch of SmartRisk

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Crossmint secures $23.6m to simplify blockchain for businesses and AI agents


Crossmint, an all-in-one blockchain platform for businesses, has secured $23.6m in a funding round led by Ribbit Capital. Other investors include Franklin Templeton, Nyca, First Round, and Lightspeed Faction. The investment follows a year of rapid growth, with Crossmint’s subscription revenue surging by 1,100% in 2024. The company provides businesses with tools to develop blockchain

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EquiLend boosts securities finance technology with BNY investment


EquiLend has secured a minority investment from an affiliate of The Bank of New York Mellon Corporation (BNY). This investment underscores BNY’s commitment to EquiLend’s mission and its innovative technological solutions. BNY, along with eight other significant financial institutions, has invested in EquiLend to support the firm’s push for greater innovation and efficiency across the securities

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FinScan enhances payment screening for faster, safer transactions


FinScan, an anti-money laundering (AML) compliance solution from Innovative Systems, has enhanced its payment screening solution, FinScan Payments, to accelerate transaction workflows while strengthening financial crime prevention. According to recent research from Datos Insights, 91% of surveyed financial institutions (FIs) are investing significantly in payment modernisation. Despite this, many firms still operate with legacy AML

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FinTech startup SparkReceipt secures investment from Trind Ventures for global expansion


SparkReceipt, a pre-accounting software provider based in Finland, has secured investment from Trind Ventures. The funding round, which remains undisclosed, also received support from the European Union under the InvestEU Fund and Business Finland. The company provides AI-powered pre-accounting software designed to simplify bookkeeping for micro-businesses, with operations spanning nearly 100 countries. The platform automates