AI in Fintech
Explore how artificial intelligence is reshaping financial services. Fintech Review covers the impact of AI on automation, customer experience, risk analysis, and innovation across banking, crypto, payments, and financial platforms.
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Refold AI Secures £6.5m to Revolutionise Outsourced Work
Emerging from stealth mode today, Refold AI announces its successful $6.5 million funding round. This technology company aims to revolutionize outsourced service work with AI-native infrastructure. The fresh funding will accelerate this goal, propelling the launch of autonomous agents in various sectors. Eniac Ventures and Tidal Ventures spearheaded the $6.5 million funding round. Other key…
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Iwoca and Teya Join Forces to Support European SMEs
iwoca, a European SME lender, has now strategically partnered with Teya, a platform for SME’s financial services. This partnership aims to offer loans to thousands of business owners, providing essential financial support. Indeed, this comes at a time when small businesses across Europe are dealing with the economic impact of the Covid-19 pandemic. Integrating iwoca…
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Jumio Raises Alarm Over Rising Injection Cyber Attacks
In the rapidly evolving digital world, businesses and consumers face an onslaught of cyber threats. Jumio, a frontrunner in AI-powered identity intelligence, has spotlighted an emerging danger – injection attacks. The company identifies this as a looming challenge in digital identity verification. Injection attacks, a form of cybercrime, involve the insertion of malicious data into…
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MARA Holdings Invests in AI with EDF Pulse Ventures Deal
MARA Holdings, Inc. (NASDAQ: MARA) announced a significant investment agreement with EDF Pulse Ventures. This milestone allows MARA to acquire a 64% stake in Exaion, a subsidiary. The move enhances MARA’s artificial intelligence (AI) and high-performance computing (HPC) capabilities. Known for its role in digital energy and infrastructure, MARA stands to benefit greatly from this…
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VivoPower Partners with Crypto.com to Boost Digital Assets Strategy
The popular fintech firm Crypto.com has been chosen by VivoPower International PLC to support its increasing digital asset treasury holdings strategy. Additionally, the partnership will extend to Caret’s digital asset mining strategy. This move marks a significant advancement in VivoPower’s venture into the digital asset space. With the growing interest in digital assets, managing them…
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Brightwave Revolutionises AI Research with Background Agents
Agentic AI research platform, Brightwave, has launched an innovative solution, dubbed ‘background agents’. This groundbreaking feature empowers users to control entire fleets of autonomous research agents from one singular, unified control plane. The development is a game-changer in the landscape of multi-agent research systems, drawing inspiration from AI-powered software engineering tools. Notably, Brightwave’s background agents…
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AI-Driven Fraud Spurs Tighter Financial Regulations
Artificial Intelligence (AI) use is on the rise in the financial sector, leading to more sophisticated fraud schemes. Fraudsters are leveraging AI to enhance their attacks, causing regulators worldwide to tighten controls. Learn More In this ongoing fight, Bottomline takes a crucial role. Their Head of Risk and Fraud Technology leads the charge against the…
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Germany Solidifies Status as Fintech and AI Powerhouse
Germany is reinforcing its reputation as a European entrepreneurship powerhouse, with a booming startup ecosystem that thrives on advanced technology, robust infrastructure, and a vibrant pool of investors. Despite facing a challenging business environment, German investors remain committed to supporting fintech and Artificial Intelligence (AI) ventures. This is according to a recent report by CB…
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Magure Transforms into Full-Stack AI Innovation Ecosystem
Setting a bold precedent, Magure, a Dubai-based fintech firm, renowned for its AI prowess, has announced a comprehensive strategic transformation. From a service-led AI partner, it’s evolving into a full-stack AI innovation ecosystem. This significant shift marks a momentous leap for the company. Instead of merely delivering top-tier AI services, Magure is now ready to…
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AI-native ERP Platform Rillet Raises $70m in Series B Round
Rillet, a cutting-edge AI-native ERP platform, recently raised $70 million in a Series B funding round. The round saw joint leadership from Andreessen Horowitz and ICONIQ. Additionally, Sequoia, Oak HC/FT, and existing investors took part. The Rillet platform, designed specifically for today’s finance teams, leverages artificial intelligence to revolutionize the ERP sector. It combines advanced…
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Arcade.dev and Lithic Forge AI E-commerce Partnership
In a pivotal step for e-commerce, Arcade.dev and Lithic have unveiled a new partnership. They aim to create an AI e-commerce application for secure, authenticated payments. Renowned for their unified agent action platform, Arcade.dev will collaborate with Lithic, a top card processing platform. Together, they plan to disrupt online shopping by launching shopping agents. This…
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NordVPN Warns of New AI-Generated Cyberthreat Slopsquatting
The cybersecurity firm NordVPN has alerted users to a novel cyberthreat, “slopsquatting”. This new threat involves Artificial Intelligence (AI) accidentally creating fake websites. Cybercriminals exploit these sites for illegal activities. The AI-generated illusions are used to construct fake domains and develop harmful code, increasing users’ risk. Although slopsquatting is a fresh concept, its implications are…
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Spiko and Concordium Partner to Modernise Trade Finance
Spiko, a Paris-based fintech platform, specialises in tokenised money market funds. Recently, it unveiled a strategic partnership with Concordium. This partnership aims to streamline trade finance, primarily by eliminating the complex and lengthy escrow process. The current state of trade finance is slow and dominated by cumbersome analogue processes. With this partnership, Spiko and Concordium…
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AI Industry Booms in Q2 2025 with Record M&As and Rising Valuations
The “State of AI Q2’25 Report” by CB Insights reveals a swift transformation in the artificial intelligence (AI) industry. The second quarter of 2025 stands out as a period of high activity, marked by record-breaking mergers and acquisitions (M&A), skyrocketing valuations, and the ascent of AI agents. These elements collectively redefine the technological landscape. One…
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iCapital and Boreal Capital form strategic fintech partnership
iCapital, a leading global fintech platform, recently formed a strategic alliance with Boreal Capital Management AG (Zurich) and Boreal Capital Management LLC (Miami), two renowned independent wealth management firms. This partnership signifies a significant development in the fintech landscape, promising to broaden access to alternative investments. The collaboration emphasizes iCapital’s dedication to expanding its influence…
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World Network Marks Two Years of Human-Centric Digital Solutions
As we delve deeper into an era shaped by artificial intelligence and digital identity, World Network remains at the forefront. They provide innovative solutions emphasizing human verification, privacy, and inclusivity. In its sophomore year, World Network has reached noteworthy milestones, including global expansion. World Network earns recognition for its commitment to a human-centric digital economy.…
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NiCE Acquires Cognigy in Record $955m European AI Deal
Cognigy, a leading player in the AI field, has been acquired by NiCE in a monumental $955 million deal. This acquisition represents the largest European AI deal so far, marking a significant milestone in the AI industry. Cognigy is renowned for its AI platform that transforms customer service by automating interactions. This game-changing platform has…
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Ravelin Reports Rise in AI-Powered Fraud Attacks
Online fraud is rapidly evolving. Companies traditionally feared payment fraud and account takeovers. Yet, new threats like first-party chargeback fraud and refund abuse are gaining ground. Moreover, Ravelin reports a surge in AI-powered attacks. First-party chargeback fraud happens when consumers buy goods or services online with their credit cards, then ask the issuing bank for…
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Socure Unveils Workforce Verification to Combat Employee Fraud
Socure, a leader in digital identity verification, is tackling the growing issue of employee fraud. They’ve launched their innovative Workforce Verification solution. This new offering adapts Socure’s premier identity verification and fraud prevention tools to hiring workflows. The aim? To effectively manage workforce risk by identifying and thwarting falsified or tampered identities from penetrating organisations.…
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April secures $38m in Series B funding led by QED Investors
The UK fintech sector is alive with activity. The latest news comes from the tax platform, april. They’ve recently announced a successful Series B funding round, securing $38 million. The round was led by QED Investors, a notable Fintech investor. Importantly, the funding round also included contributions from Nyca Partners and Team8. This financial injection…