Search Results for: transformation

Brazilian Fintech Celcoin Announces US$125 Million Investment Led by Summit Partners
Investment Services News

Brazilian Fintech Celcoin Announces US$125 Million Investment Led by Summit Partners

Business Wire
by Business Wire0
Global growth equity firm partners with Celcoin to support its continued expansion and commitment to expanding financial access for Brazilian consumers Celcoin, a leading company in the Banking as a Service (BaaS) financial technology market, announced a US$125 million investment led by global growth equity investor Summit Partners. Summit has......
Mexican Fintech Unicorn Clip Announces US$100 Million Investment
Digital Payments Fintech Investments

Mexican Fintech Unicorn Clip Announces US$100 Million Investment

PR Newswire
by PR Newswire0
Clip, Mexico’s leading digital payments and commerce enablement platform, today announced that it has secured an investment round of US$100 million from investment funds managed by Morgan Stanley Tactical Value (“MSTV”) and from one of the largest, most experienced West-Coast mutual fund managers. The investment values Clip in line with the Series D round completed......
ZA Tech Rebrands as Peak3, Raises US$35M Series A led by EQT
Finance Fintech Investments News

ZA Tech Rebrands as Peak3, Raises US$35M Series A led by EQT

PR Newswire
by PR Newswire0
ZA Tech, the next-generation insurance core system SaaS provider, has rebranded as Peak3. With the successful completion of its US$35 million Series A fundraising from EQT (lead investor) and Alpha JWC Ventures, Peak3 now accelerates its expansion in the EMEA region and investments in complementary data and AI solutions. In a market dominated by fragmented......
nCino Deploying Banking Advisor, a Generative AI Solution to Drive New Efficiencies in Financial Institutions
Banking News

nCino Deploying Banking Advisor, a Generative AI Solution to Drive New Efficiencies in Financial Institutions

GlobeNewswire
by GlobeNewswire0
Company’s Gen AI tool, powered by nCino IQ (nIQ), delivers real-time intelligence and optimizes decision-making with data-driven insights for financial institutions across asset sizes and geographies Participants of Banking Advisor’s closed beta testing Product Design Program finding efficiency gains through employee time savings and proactive portfolio management nCino, a pioneer......
AI Will Not Replace Auditors, But Empower Them
Artificial Intelligence News

AI Will Not Replace Auditors, But Empower Them

PR Newswire
by PR Newswire0
DataSnipper, the leading intelligent automation platform for audit and finance professionals, today released its new AI Report 2024. This in-depth report explores the transformative impact of artificial intelligence on the audit and finance industry, providing a comprehensive analysis of how AI is revolutionizing workflows, enhancing productivity, and improving job satisfaction across......
44% of U.S. Consumers Are Open To AI in Banking–With A Few Caveats
Banking News

44% of U.S. Consumers Are Open To AI in Banking–With A Few Caveats

Business Wire
by Business Wire0
GFT’s Banking Disruption Index Reveals Consumers Are Receptive to Automated Saving Advice and Fraud Detection, But Aren’t Sure About Complex Integrations U.S. banking customers are warming up to the idea of artificial intelligence (AI), with some parameters, according to a new report released today. The Banking Disruption Index from global digital transformation......
Bendigo and Adelaide Bank Partners with MongoDB to Modernize Core Banking Technology Using Generative AI
Artificial Intelligence Banking Finance Fintech

Bendigo and Adelaide Bank Partners with MongoDB to Modernize Core Banking Technology Using Generative AI

PR Newswire
by PR Newswire0
Australia’s most trusted bank is using MongoDB Atlas and generative AI to significantly reduce costs and accelerate customer-focused innovation MongoDB, Inc. today announced that Bendigo and Adelaide Bank (ASX: BEN) has partnered with MongoDB to modernize its core banking technology with MongoDB Atlas as the keystone of an ambitious application modernization initiative. During......
AccountsIQ Secures €60M Investment to Embed AI Into Its Platform and Shape the Finance Function of the Future
Finance News

AccountsIQ Secures €60M Investment to Embed AI Into Its Platform and Shape the Finance Function of the Future

Business Wire
by Business Wire0
The Series C investment will spearhead continued product development and drive international growth AccountsIQ, the cloud-based accounting platform, announced that it has secured a €60M Series C investment from Axiom Equity, a specialist B2B SaaS growth equity fund. The investment will be focussed on continuing to develop the AccountsIQ product......
CFOs Say They Want Operational Experience and Familiarity With New Tech When Identifying Successors; GenAI Tops List of Internal Concerns Deloitte CFO Signals™ Survey 2Q 2024
Finance Fintech News

CFOs Say They Want Operational Experience and Familiarity With New Tech When Identifying Successors; GenAI Tops List of Internal Concerns: Deloitte CFO Signals™ Survey 2Q 2024

PR Newswire
by PR Newswire0
Just 26% of CFOs believe that now is a good time to take greater risks. CFOs consider neither debt nor equity financing attractive. CFOs’ optimism for their companies’ financial prospects came in at -0.5. Generative AI (GenAI) ranks as the top internal concern for CFOs, though talent and technology transformation......
ComplyCube Launches Trust Center with the Most Complete Compliance Posture in the Market
Artificial Intelligence Banking Digital Payments Finance Fintech Guest Posts Risk Management Security

Turning to AI to Address Financial Crime, Regulatory Compliance

Art Mueller
by Art Mueller0
By Art Mueller, vice president of financial crime, WorkFusion Financial crime is running rampant. According to the United Nations Office on Drugs and Crime, up to $2 trillion in illicit funds are laundered through global financial networks each year. Yet financial institutions are only able to intercept about one percent......
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