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Allvue Systems, LLC, a leading provider of technology solutions for the alternative investment industry, today announced a significant investment in its data and artificial intelligence capabilities. Underscoring Allvue’s relentless drive to innovate, the company dramatically expanded its R&D budget over the past year, funneling a 70% year-over-year increase in R&D funding into AI, data, and analytics-driven initiatives for the alternatives…
Rogo has announced a $50 million Series B funding round, led by Thrive Capital with participation from J.P. Morgan Growth Equity Partners, Tiger Global, and Positive Sum Ventures. The round also saw continued support from existing backers including Khosla Ventures, BoxGroup, and AlleyCorp, bringing the company’s total funding to $75 million. Rogo’s mission is as ambitious as it is clear: to build Wall Street’s first AI analyst….
Suman Rao, Managing Director for the UK and Ireland at Avaloq, comments on the FCA’s latest AI announcement and its potential impact on wealth managers: “The FCA’s planned testing service for AI models is a clear sign of the regulator’s commitment to supporting responsible innovation across the financial services industry. By offering clarity and a regulated…
Backbase has officially launched the world’s first AI-powered Banking Platform, marking a major industry shift just months after the debut of its Intelligence Fabric in September 2024. Purpose-built to accelerate both growth and operational efficiency, the next-generation platform unifies two critical banking functions: customer servicing and digital sales. The release positions Backbase at the forefront…
Nearly three-quarters (72.5%) of UK businesses have seen an increase in online fraud over the past 12 months, according to a new survey commissioned by Veriff. The global identity verification firm’s UK Fraud Industry Pulse Survey, which polled 200 fraud professionals across financial services, technology, and retail sectors, reveals a rapidly evolving threat landscape with significant financial…
Lloyds Banking Group has taken a significant step in its strategic transformation, leveraging the artificial intelligence (AI) and data science capabilities of Google Cloud to transform customer and colleague experience. This transition is unlocking new opportunities to innovate, enhancing the Group’s ability to provide cutting-edge, personalised financial services. Embracing cloud technology As part of its mission…
GITEX ASIA 2025—the highly anticipated Asian debut of GITEX GLOBAL, the world’s largest tech show—is set to take place from 23-25 April 2025, at Marina Bay Sands, Singapore. This groundbreaking event will bring together 700+ tech companies, featuring 400+ startups and digital promotion agencies, along with 250+ global investors and VCs from over 60 countries….
Temenos (SIX: TEMN), a global leader in banking technology, today shared insights from a worldwide survey conducted by Hanover Research, which gathered perspectives from 420 business and technology leaders in financial services on the transformative impact of Generative AI (GenAI) in banking. Improving operating efficiency is the most common reason banks are considering using GenAI….
Trulioo, an industry-leading identity platform with proven global coverage for person and business verification, today announced across-the-board advances in its state-of-the-art Identity Document Verification from continuous innovation around proprietary AI and machine learning models. Trulioo has found advanced fraud techniques – such as ID alterations and deepfakes – account for 16% of all attacks, which raises the stakes for ongoing document…
Sift, the AI-powered fraud platform, today announced significant new product innovations following the recently unveiledIdentity Trust XD framework. The latest enhancements include the introduction of Global Identity Insights, along with substantial improvements to Sift’s payment fraud protection model and several Sift Console upgrades designed to streamline operations and improve decisioning accuracy across the platform. “Understanding user…
Checkout.com, a leading global digital payments company, today announced that its Intelligent Acceptance product, an AI-powered engine designed to help enterprise businesses boost their payment performance, has generated over $10 billion in additional merchant revenue. Powered by over 20 billion data points and insights from Checkout.com’s global network, Intelligent Acceptance applies numerous optimizations at every step of the…
Capco announced a collaboration with OpenAI to accelerate AI’s transformative impact at the world’s top financial institutions. This collaboration combines OpenAI’s cutting-edge innovations with Capco’s financial services domain and GenAI expertise to deliver powerful solutions that help clients achieve transformative results. As part of its GenAI Infused strategy, Capco is leading by example in the…
