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Transforming Financial Advice: Octopus Money Teams Up with Aveni in Groundbreaking AI Alliance
Octopus Money has partnered with Aveni, an AI innovator in financial services, to enhance the personalization and efficiency of financial advice. This collaboration will integrate Aveni’s AI tools, such as Aveni Detect and Aveni Assist, into Octopus Money’s operations, automating administrative tasks and improving customer interactions. The partnership aims to address Consumer Duty regulations through automated note-taking and documentation while ensuring compliance and quality assurance. Following a successful trial, the initiative is set to streamline processes and enhance scalability in financial advice. Leadership from both companies expressed enthusiasm for leveraging AI to improve customer support and service standards.
Kiavi Secures $300M in Oversubscribed Securitization Deal: A Major Win for Tech-Enabled Lending
Kiavi, a tech-enabled lender focused on residential real estate investment, raised $300 million through a successful securitization of residential transition loans (RTLs), marking its 21st transaction and totaling $5.8 billion since 2019. The offering was oversubscribed by more than five times, attracting new institutional investors. The deal features a two-year revolving period for reinvestment in new loans. Kiavi, which originated $6.5 billion in loans during 2024 and expanded its customer base by 30%, is poised for further growth in 2025 after expanding operations to 45 states and D.C. CEO Arvind Mohan emphasized the firm’s commitment to supporting real estate investors.
AI Cybersecurity Innovator Harmony Intelligence Raises $3M Seed Funding to Revolutionize Digital Security
Harmony Intelligence, a prominent AI cybersecurity firm, has secured $3 million in seed funding to enhance its AI-driven cyber defense technologies amid rising AI-powered cyber threats. The funding round, led by Airtree Ventures, saw participation from over 30 investors, including notable figures from Adept AI, Plaid, and Canva. Harmony specializes in advanced cybersecurity solutions, testing AI models, and collaborating on risk assessments with governmental and safety organizations. The funding will help expand its team, accelerate product development, and support long-term sustainability. Notably, the company is developing AI-powered penetration testing systems to proactively identify vulnerabilities and strengthen defenses.
Revolutionizing Trader Support and Risk Management: The Impact of AI on MENA Brokers
At iFX Dubai 2025, Jon Light, head of OTC products at Devexperts, discussed AI’s transformative potential in the MENA region. He emphasized its applications in enhancing broker operations, particularly in customer support, localization, and risk management. AI-driven chatbots can handle 70% of trader queries, while Natural Language Understanding aids in effective communication across diverse languages. AI also enables dynamic risk management and the detection of manipulative trading behaviors. Light advised smaller brokers to focus on solving specific problems before adopting AI. He anticipates that AI will simplify algorithmic trading, allowing traders to design strategies without coding skills.
Turkish FinTech Mundi Secures $2.5M Investment to Revolutionize SME Treasury Management
Turkish FinTech firm Mundi has secured a $2.5 million investment to enhance its treasury management solutions for small and medium-sized enterprises (SMEs). Backed by European venture capital firms, including Speedinvest and DeBa Ventures, Mundi aims to broaden its product offerings and market presence. The funding will support the development of innovative financial management tools, such as overnight accounts and alternative investment products, while ensuring regulatory compliance. Mundi is also pursuing a portfolio management license from Türkiye’s Capital Markets Board to expand its services. This investment positions Mundi to transform treasury management for SMEs, fostering a more inclusive financial landscape.
NetRise Secures $10M Series A Funding to Strengthen Software Supply Chain Security
NetRise, a cybersecurity firm specializing in software supply chain risk management, has raised $10 million in Series A funding, increasing its total funding to $24.8 million. Led by DNX Ventures and supported by other investors, this funding aims to enhance NetRise’s threat detection and visibility capabilities. The company offers tools like a Software Bill of Materials (SBOM) for identifying vulnerabilities and managing software assets. As cybersecurity threats linked to supply chain vulnerabilities rise, NetRise seeks to improve its platform for proactive monitoring and firmware security, establishing itself as a key player in addressing these growing challenges.