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Temenos Launches Groundbreaking Responsible Generative AI Platform for Banking Innovation
Temenos has launched the first Responsible Generative AI tools for the core banking sector, addressing banks’ demands for secure, efficient, and explainable AI technologies. This innovation enhances productivity and leverages complex data systems. The tools integrate with Temenos Core and Financial Crime Mitigation platforms, allowing users to query data naturally and receive instant insights, thereby improving operational efficiency. The platform supports various deployment environments, including on-premise and cloud options. Temenos plans to expand these AI capabilities to its Wealth and Digital platforms, aiming to streamline banking operations and enhance customer personalization, while ensuring compliance and transparency.
Generali and MIT Join Forces to Revolutionize AI Innovation in the Insurance Industry
Generali has partnered with MIT’s Laboratory for Information and Decision Systems (LIDS) to leverage Artificial Intelligence (AI) in the insurance sector, starting in January 2025. This collaboration will focus on advanced risk modeling, claims assessment, and underwriting optimization. Generali aims to enhance operational efficiency and digital transformation, investing €1.1 billion from 2022 to 2024, including €443 million for Digital & Technology and €250 million for Generali Ventures. According to Marco Sesana, General Manager of Generali Group, this partnership will explore AI applications crucial for future growth in the insurance industry, reinforcing Generali’s commitment to innovation.
Adclear Secures £510K Funding to Revolutionize FCA Marketing Compliance Automation for FinTechs
Adclear, a RegTech startup focused on automating marketing compliance for FinTech companies, has secured £510,000 in pre-seed funding. Notable investors, including Haatch and Founders Capital, supported this round to enhance Adclear’s AI-driven solutions, which assist firms in meeting Financial Conduct Authority (FCA) regulations. Companies like Plum and Trade Nation are already utilizing Adclear’s platform. The funding will be used to improve AI capabilities, expand the team, and broaden compliance to EU and US regulations. Co-founders highlighted their commitment to helping fintechs streamline compliance workflows and focus on innovation, aiming for growth in both the UK and international markets.
Revolutionizing Document Automation in Norway: Tietoevry and M-Files Join Forces for AI Innovation
Tietoevry has expanded its partnership with M-Files to distribute innovative knowledge work automation solutions in Norway, particularly benefiting the energy sector. This collaboration enables Tietoevry to independently sell M-Files’ advanced technology, addressing the growing need for intelligent information management. The initial rollout will focus on Norway, with future expansion planned. The M-Files platform enhances workplace efficiency through automation of document creation, compliance tracking, and more, while Tietoevry clients will also access M-Files Aino, a generative AI assistant for real-time data analysis. Both companies are optimistic about the partnership’s potential to drive digital transformation in businesses.
Highnote Raises $90M in Series B Funding to Accelerate US Merchant Acquiring Expansion
Highnote, a prominent player in the embedded finance sector, has raised $90 million in a Series B funding round led by Adams Street Partners, with support from existing investors like Oak HC/FT and Costanoa. The funding will enhance Highnote’s card issuance and program management services, enabling businesses to integrate virtual and physical card payments into their products. A significant focus will be on launching an acquiring solution for unified transactions. Highnote’s API-driven platform allows companies to accept card payments online, offering direct integration with leading payment networks and certification from major US card brands, appealing to SMBs and enterprises.