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Hawk Raises $56M Series C to Advance AI-Powered AML and Fraud Detection
AI-first anti-financial crime firm Hawk secures $56M to scale product innovation and US expansion, helping banks detect more crime and cut false positives.
Félix Raises $75M to Transform Remittances for Latino Immigrants with AI and Blockchain
Félix secures $75M Series B to expand AI-powered WhatsApp remittances across Latin America, using USDC and blockchain to cut costs and boost financial inclusion.
Bank of America Expands AI to Transform Client & Employee Experiences
Bank of America leverages AI across business lines to boost productivity, improve client service, and drive innovation—with over 2.5B interactions via Erica® and a growing AI patent portfolio leading its $13B tech investment.
Ryft Secures £5.7M to Help Acquirers Compete with Stripe and Adyen
UK-based Ryft raises £5.7M Series A to scale its decentralised payments platform, empowering acquiring banks with cost-effective, compliant solutions for marketplace transactions.
Crypto Market Takes Hit Amid Trump’s Tariff Announcement, EOS Surges
Crypto market capitalization drops 8%, with Bitcoin falling to $76,700. EOS shines with a 20% gain after rebranding, while Ethereum’s Pectra upgrade aims to boost scalability and security.
HighFive and University of Salford Launch AI-Driven Claims Handling Solution
HighFive, in collaboration with the University of Salford, has launched ELI, an AI-powered claims handling system trained by HF’s legal experts. ELI enhances efficiency, fraud detection, and legal decision-making for insurers while ensuring compliance and responsible AI use.