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Standard Chartered Unleashes SC GPT GenAI Tool Globally: Revolutionizing Financial Services
Standard Chartered has launched SC GPT, a pioneering GenAI tool designed to improve operational efficiency and client engagement across 41 global markets. Supporting over 70,000 employees, SC GPT aims to enhance productivity, tailor marketing strategies, automate software engineering, and refine risk management. Emphasizing ethical AI, Group Chief Data Officer Mohammed Rahim noted the importance of governance and fairness in its development. A customized version will address specific market needs, aiding in digital marketing, translation, and customer support. Group CEO Bill Winters highlighted GenAI’s potential to transform banking operations and service delivery, with plans to expand SC GPT to 10 additional markets soon.
CodeAnt AI Secures $2M Funding to Accelerate Software Development with Innovative AI Code Review Platform
CodeAnt AI, a U.S.-based software development startup, has raised $2 million in seed funding to improve its AI-driven code review processes, enhancing code quality and efficiency. Led by investors including Y Combinator and VitalStage Ventures, this funding round values the company at $20 million. Founded by Amartya Jha and Chinmay Bharti, CodeAnt AI automates code reviews, integrates with GitHub and GitLab, and offers AI insights and one-click fixes for over 30 programming languages. The investment will support team expansion and scaling of its platform, addressing the growing need for quality control in AI-generated code.
11 Key Questions to Identify the Perfect ESG Reporting Solution for Your Business
Choosing the right ESG reporting solution is crucial for effective sustainability management, especially with evolving regulations like the EU’s Corporate Sustainability Reporting Directive (CSRD). Companies should consider key factors when selecting software, such as budget, regulatory compliance, user-friendliness, integration with existing systems, and data collection capabilities. Automation features, customization options, vendor support, security standards, audit readiness, and scalability are also essential. A reliable ESG solution can simplify data management and ensure compliance, ultimately helping organizations meet their sustainability goals while avoiding potential penalties. For more insights, refer to Greenomy’s detailed guide on ESG reporting solutions.
Glide Secures $15 Million to Revolutionize Banking Infrastructure with Innovative Embedded FinTech Solutions
Glide, an embedded FinTech platform, has raised $15 million in a Series A funding round led by Acrew Capital, with participation from investors like Pear VC and notable figures such as Claire Hughes Johnson and Paul Williamson. The funding will enhance Glide’s solutions for community banks and credit unions, aiming to replace outdated legacy systems with a unified digital experience. Glide’s flagship product, Deposit Origination, streamlines account opening, reducing processing times significantly. In its first year, Glide partnered with 15 credit unions, demonstrating market traction. Mar Hershenson from Pear VC has joined the board to support Glide’s growth.
Revolutionizing Payments: LIFE CARD and IDEX Biometrics Launch Biometric Payment Cards in Japan
LIFE CARD has partnered with IDEX Biometrics to launch biometric payment cards in Japan, set to debut in the first half of 2025. This initiative aims to enhance the country’s already advanced payment landscape, where over 314 million credit cards facilitate over 80% of cashless transactions. LIFE CARD’s president, Keiji Masui, expressed enthusiasm for delivering secure and innovative payment solutions, while IDEX Biometrics’ CEO, Catharina Eklof, emphasized the collaboration’s potential to improve consumer payment experiences. The introduction of these biometric cards marks a significant advancement in transaction security and convenience in one of Asia’s largest payment markets.
Revolutionizing Insurance Payments: Duck Creek Technologies Unveils Innovative Marketplace
Duck Creek Technologies has launched its Payments Marketplace, a revolutionary solution for the property and casualty insurance sector aimed at streamlining payment processes. This integrated payment management system significantly reduces the integration timeline from 9-18 months to just 1-2 weeks. It connects carriers to a network of global payment providers, facilitating collections and payouts regardless of existing IT infrastructure. Key features include accelerated integration, strategic partnerships (notably with Paymentus), and adherence to high security standards. The initiative promises to enhance efficiency and customer service in the insurance industry, setting a new standard in payment processing.