Author : Somesh Utkar

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Allvue Systems Launches the Allvue Agentic AI Platform, the First AI Platform Purpose-Built for the Alternatives Industry

Somesh Utkar
by Somesh Utkar0
Andi, Allvue’s AI Assistant Will Also Debut as an Intelligent Knowledge Agent for the Alternatives Market Allvue Systems, a leading provider of technology for the alternative markets, today announced the launch of the Allvue Agentic AI Platform, the first agentic AI platform purpose-built for the alternatives market. Allvue is propelling the......

Xceedance Partners with FurtherAI to Bring Advanced AI Assistants to Insurance Enterprises

Somesh Utkar
by Somesh Utkar0
Collaboration will accelerate the adoption of AI-driven automation across underwriting, compliance, and claims workflows Xceedance, a global provider of insurance-focused consulting, technology, operations, and data solutions, has announced a strategic partnership with FurtherAI, a fast-growing company developing AI Assistants purpose-built for commercial insurance. Together, the two firms will help insurers......

Backbase launches world’s first AI-powered Banking Platform, putting banks back in Growth Mode

Somesh Utkar
by Somesh Utkar0
Industry pioneer redefines what a banking platform is in the era of AI, and delivers both the technology and talent to drive remarkable growth Today, Backbase announces a major industry shift: the launch of the world’s first AI-powered Banking Platform, following the launch of its Intelligence Fabric in September 2024. Momentum......

Intellect and LTIMindtree forge strategic alliance to transform Financial Services across MEA & APAC with eMACH.ai

Somesh Utkar
by Somesh Utkar0
A transformative partnership aimed at reshaping Wealth Management, Lending, Payments, and Cards Management across key markets Intellect Design Arena Ltd, a global leader in enterprise-grade financial technology, has announced a strategic partnership with LTIMindtree, a leading global technology consulting and digital solutions company. The partnership is designed to catalyse the evolution......

Western Union forms strategic partnership with HCLTech to transition to an AI led platform operating model

Somesh Utkar
by Somesh Utkar0
HCLTech and Western Union to set up a new India-based technology center to foster innovation HCLTech and Western Union announce a strategic partnership to drive innovation and transformation in the financial services industry. The strategic partnership establishes HCLTech as Western Union’s largest preferred partner as they collaborate to: Transition to a......

IBM Study: Gen AI Will Elevate Financial Performance of Banks in 2025

Somesh Utkar
by Somesh Utkar0
Initiatives are maturing from pilots and proofs of concept to targeted, enterprise-wide strategies IBM today released its annual expectations for technology and transformation in the global financial services industry in the year ahead in the IBM Institute for Business Value 2025 Outlook for Banking and Financial Markets. Key Insights Gen......

Corpay to Acquire Leading Brazilian Mobile Payments Company

Somesh Utkar
by Somesh Utkar0
Triples TAM, Accelerates Revenue Growth Corpay, Inc., a global S&P 500 corporate payments company, today announced it has signed definitive documents to acquire Gringo, a leading vehicle registration and compliance payment company in Brazil. Gringo is a super app for car drivers that makes life easier for millions of drivers......

Eltropy Acquires Lexop to Modernize Loan Repayment and Collections for Credit Unions and Community Banks

Somesh Utkar
by Somesh Utkar0
Eltropy, the leading AI-powered unified conversations platform for community financial institutions (CFIs) serving over 650 credit unions and community banks in North America, today announced the acquisition of Lexop, a leading collections technology provider. This strategic move aligns with three critical trends reshaping financial services: digital wallets (like Apple Pay),......

Concurrent Partners with TIFIN @Work to Elevate Workplace Financial Solutions

Somesh Utkar
by Somesh Utkar0
Combining Advisory Expertise and AI-Driven Insights to Deliver Real Financial Impact Concurrent, one of the fastest-growing RIA aggregators in the United States, has partnered with TIFIN @Work, an AI-powered workplace growth platform, to deliver a more focused and personalized approach to workplace financial solutions. The partnership combines TIFIN @Work’s AI-driven tools......

Paxos to Acquire Finnish E-Money Institution Membrane Finance

Somesh Utkar
by Somesh Utkar0
Will extend Paxos’ regulated platform into the EU and issue MiCA compliant stablecoins Paxos, the leading regulated blockchain and tokenization infrastructure platform, today announced it has agreed to acquire Membrane Finance (Membrane), an Electronic Money Institution (EMI) based and licensed in Finland. The acquisition is subject to regulatory approval. Upon......
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