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Navigating the Future: Key IT Trends in Financial Services

John Astorino
by John Astorino0
By John Astorino, COO, Auvik Financial institutions are increasingly leveraging advanced IT solutions to enhance their operations, improve customer experiences, and stay competitive. IT teams in financial services face a unique and significant responsibility to protect their clients’ money and investments. Recent research has uncovered a number of trends that......
BDO Survey Finds AI is Expected to Unlock More Efficient Audits, but Can't Replace Human Element
Finance Fintech News

BDO Survey Finds AI is Expected to Unlock More Efficient Audits, but Can’t Replace Human Element

Business Wire
by Business Wire0
Companies rely on advanced technology to bolster the audit process amid talent shortages and data management challenges Finance leaders believe technology can improve audit quality: Just over half of respondents anticipate technology will enhance audit quality (54%); however, finance leaders continue to place high importance on auditor industry knowledge and......
Infinite Giving Secures $2 Million Seed Round to Transform Nonprofit Finance
Finance Fintech News

Infinite Giving Secures $2 Million Seed Round to Transform Nonprofit Finance

PR Newswire
by PR Newswire0
In addition to the investment, the leading fintech platform for nonprofits was accepted to Morgan Stanley’s Inclusive Ventures Lab, and will present at Venture Atlanta 2024. Infinite Giving, the only proprietary fintech platform exclusively serving nonprofits, announced today that the company has raised $2 million in a seed round led by Cubit Capital,......
Billables AI Announces $3.9M in Seed Funding to Modernize Billing with AI-Powered Timekeeping
Artificial Intelligence Fintech Funding News

Billables AI Announces $3.9M in Seed Funding to Modernize Billing with AI-Powered Timekeeping

Business Wire
by Business Wire0
Built for legal and professional service providers, Billables AI makes billing more automated and accurate Billables AI, an AI platform for professional service providers that streamlines operations with its flagship AI-powered timekeeping solution, announced it has raised $3.9M in seed funding led by Wing VC with participation from F7, SignalFire,......
Stax Acquires BlockChyp, Adding Payment Gateway and Expanding End-to-End Capabilities
Digital Payments News

Stax Acquires BlockChyp, Adding Payment Gateway and Expanding End-to-End Capabilities

Business Wire
by Business Wire0
Acquisition of BlockChyp brings new technology and industry expertise to Stax, furthering its evolution as a leading payment processor Stax, a leading payment technology provider, announced its acquisition of BlockChyp, further expanding the company’s end-to-end processing capabilities. The addition of BlockChyp marks a significant, strategic expansion of Stax’s growing technology......
Tetrix Announces $5 Million Seed Round to Transform Private Market Technology Infrastructure with AI
Artificial Intelligence Investment Services News

Tetrix Announces $5 Million Seed Round to Transform Private Market Technology Infrastructure with AI

Business Wire
by Business Wire0
New funding from Innovation Endeavors will support expansion of proprietary data collection, extraction, and analysis platform Tetrix, whose mission is to empower capital allocators with AI-driven insights to navigate alternative investments, announced it has raised a $5 million seed round led by Innovation Endeavors with participation from prominent angels from......
Tickeron Launches AI-Powered Trend Trading Robots for Hedge Funds
Fintech News Trading

Tickeron Launches AI-Powered Trend Trading Robots for Hedge Funds

PR Newswire
by PR Newswire0
Tickeron’s Trend Trading bots represent a paradigm shift in AI-powered trading tools. By seamlessly integrating Financial Learning Models (FLMs), these virtual accounts provide experts and hedge fund managers with actionable financial signals. The platform’s intuitive features empower traders to uncover undervalued opportunities while adhering to disciplined growth strategies. The Trend Trading bots......
Backbase Unveils Intelligence Fabric to Unlock AI-Productivity Gains for Banks
Artificial Intelligence Banking Fintech News

Backbase Unveils Intelligence Fabric to Unlock AI-Productivity Gains for Banks

GlobeNewswire
by GlobeNewswire0
Backbase is excited to announce a major expansion of the Engagement Banking Platform with the introduction of the Intelligence Fabric layer, a powerful set of data and AI infrastructure and development capabilities that are now natively embedded in the platform. This groundbreaking launch is set to redefine how banks can harness......
FusionIQ Achieves SOC 2 Type II Compliance, Reinforcing Commitment to Data Security
Compliance management News Security

FusionIQ Achieves SOC 2 Type II Compliance, Reinforcing Commitment to Data Security

PR Newswire
by PR Newswire0
Wealthtech Leader Delivers Peace of Mind Cybersecurity for Financial Advisors and Institutions FusionIQ, a leader in the delivery of cloud-based wealth management solutions proudly announces its achievement of SOC 2 Type II compliance, a significant milestone in the company’s ongoing commitment to data security and privacy. This certification demonstrates FusionIQ’s......
Bloks.app Secures US$1.5M in Seed Funding Led by Storytime Capital and Mistral Venture Partners
Artificial Intelligence Finance Fintech News

Bloks.app Secures US$1.5M in Seed Funding Led by Storytime Capital and Mistral Venture Partners

PR Newswire
by PR Newswire0
Bloks.app Launches AI-Driven Agent to Free Investment Teams from Busywork, Letting Them Focus on What Really Matters Bloks.app, the transformative AI-powered platform designed to eliminate tedious busywork for investment teams, today announced the successful closing of a US$1.5 million seed funding round. Led by Storytime Capital and Mistral Ventures, the round also......
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