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Disputed.ai Secures $1.1M to Transform AI-Driven Chargeback Management
Disputed.ai has emerged as a leader in AI-powered chargeback management solutions, recently securing $1.1 million in seed funding to enhance its automation capabilities for enterprise merchants. Founded by former merchants and technologists, the platform aims to streamline dispute processes for businesses handling 1,000 to 100,000 chargebacks monthly. Key features include AI-driven automation for chargeback contestation, leading to a reported 25% higher revenue recovery compared to competitors. CEO Shawn Kelley emphasizes a commitment to creating a solution for merchants’ needs, while co-founder Andrew Hart highlights the potential for significant value creation through data integration. Disputed.ai positions itself as a strategic partner to clients.
Massimo Cavadini Joins WTW to Spearhead Insurance Analytics Growth, Bringing Expertise from Munich Re
WTW has appointed Massimo Cavadini as the new head of product, pricing, claims, and underwriting for Continental Europe, underscoring its commitment to enhancing insurance analytics. Cavadini, who previously led the global insurance solutions team at Munich Re, will oversee the expansion of consulting, software solutions, and technological advancements, focusing on AI and advanced analytics for insurers. His expertise in pricing and underwriting, along with a doctorate in astrophysics, positions him as a key asset for WTW. Cavadini expressed excitement about leveraging analytics to improve decision-making for clients, while WTW aims to strengthen its market presence through innovation.
Highnote and Splitit Join Forces to Revolutionize Seamless Installment Payments in Digital Wallets
Highnote has partnered with Splitit to enhance online shopping by integrating Splitit’s installment payment solutions with digital wallets. This collaboration allows consumers to use existing credit cards without needing additional credit checks, streamlining the payment process. Key benefits include real-time payments through Highnote’s tokenized virtual card technology and easy access to installment options within digital wallets. Splitit’s CEO Nandan Sheth highlighted the partnership’s goal to provide a seamless pay-over-time experience, while Highnote’s CEO John MacIlwaine emphasized the development of modern payment solutions to improve consumer experiences. Together, they aim to transform the landscape of online payments.
Navigating the Future: BIS Empowers Central Banks to Balance AI Innovation and Risk Management
The Bank for International Settlements (BIS) report highlights the growing significance of artificial intelligence (AI) in central banking, urging a balance between innovation and risk management. It recommends that central banks form interdisciplinary AI committees to ensure ethical integration of AI. Key strategies include conducting thorough risk assessments and updating governance frameworks to address AI-specific challenges. The BIS emphasizes the need for modernized governance structures to adapt to technological advancements, allowing central banks to improve service delivery and policy implementation while maintaining financial system integrity. For more insights, refer to the ABA Banking Journal.
UK Mortgage FinTech Sprive Secures £5.5M Investment from Ascension: A Transformative Boost for Property Financing
Sprive, a UK FinTech company focused on helping homeowners expedite mortgage repayments, has raised £5.5 million in a funding round led by Ascension, with support from Channel4Ventures, Velocity Capital, and TwoMagnolias. This investment will enhance Sprive’s marketing efforts and broaden its reach. As the UK’s sole independent mortgage overpayment app, Sprive addresses the critical issue of rising household debt, particularly amid increasing interest rates. CEO Jinesh Vohra highlighted the app’s potential to save users collectively over £100 million in interest. Sprive has also been selected for NatWest’s FinTech growth program, further establishing its industry presence.