AI & Finance™ | News for the Week Ending 9/5/25

Allocate today announced the close of a $30.5 million Series B round, bringing the company’s total capital raised since inception to $64 million. The company, which has over $2.5 billion in assets on platform, was backed by Portage Ventures with participation from Andreessen Horowitz, M13, and Fika Ventures. 

With this new capital, Allocate will accelerate development of its private market AI and workflow automation capabilities and expand integrations to drive adoption. In addition, Allocate has broadened its coverage beyond venture capital to private equity and private credit — helping wealth advisors and large global family offices use modern software to build and manage high-quality, personalized portfolios. 

Private market investing is growing rapidly, yet only about 26% of the 17,000 wealth advisors in the U.S. currently allocate programmatically to alternatives. They often cite complexity, disconnected workflows, and administrative burden as barriers. Institutions and RIAs spend over $17 billion annually on private market infrastructure, yet inefficiencies persist. 

Antier, a global blockchain solutions provider, launches AI-powered integrations for cryptocurrency exchange software development, enabling predictive trading, automated DeFi yield optimization, secure Web3 interactions, and intelligent user experiences. The innovation empowers existing exchanges to enhance their offerings with advanced automation, while giving new entrepreneurs the foundation to launch fully AI-enabled trading ecosystems. 

As the cryptocurrency market capitalization nears $4 trillion and trading volumes surge, competition among exchanges intensifies. Meanwhile, AI in finance, valued at $38.36 billion in 2024, is forecast to grow nearly fivefold to $190.33 billion by 2030. Intelligence and automation, therefore, emerge as critical differentiators for crypto exchanges 

While most platforms today focus on speed and liquidity, the next wave of exchanges will compete on how well they predict market moves, protect users, and automate complex strategies. Antier’s AI integrations are engineered to close this gap, powering the next generation of smarter, safer, and more profitable exchanges. 

Auditoria.AI, the leader in AI-driven agentic automation for the Office of the CFO, today announced a series of significant milestones marking a high-growth first half of 2025. Building on the momentum of a successful Series B funding round, the company introduced breakthrough capabilities, expanded its partner ecosystem, and earned industry recognition as a top innovator in AI and enterprise data. 

At the center of these announcements is the launch of SmartResearch, a first-of-its-kind Enterprise Finance AI Agent for FP&A and Strategic Finance teams. The latest milestone follows a standout start to the year in which Auditoria secured $38 million in Series B funding, expanded internationally, and surpassed key operating thresholds, including processing $3.3 billion in collections and more than $16.5 billion in invoicing annually. The platform now supports more than 300 languages and currencies and was recently integrated with ServiceNow, further extending its reach across enterprise systems. 

In parallel, Auditoria expanded support to Oracle Cloud ERP, was named a founding partner in Workday’s AI Agent Partner Network, and earned a spot on the 2025 DataTech50 list of top data-driven innovators. The company was also recognized in two categories of the Gartner® Hype Cycle™ for AI in Finance, 2025 (August 1st), further underscoring its leadership in delivering intelligent, autonomous solutions to the Office of the CFO. 

Chargebee, a leading billing and monetization platform for recurring revenue businesses, today announced its acquisition of Inai, a payments intelligence and analytics company. The acquisition reinforces Chargebee’s long-standing commitment to giving companies of all sizes more power and intelligence in managing their payments stack. 

In addition to the Inai platform capabilities, Inai’s team of AI and payments experts will accelerate Chargebee’s innovation in payments observability, fee intelligence, and AI-powered revenue recovery. In conjunction with Chargebee’s billing and monetization platform, the Inai capabilities will enable merchants to operate with smarter, faster, and more profitable workflows across multiple markets and payment gateways. 

Chargebee’s payments philosophy remains rooted in the belief that merchants should be free to use any combination of gateways, payment methods, and other options they want, and that they need access to the insights and infrastructure to make the best payments choices. 

Docupace, the premier provider of back-office software to streamline operations of wealth management enterprises and financial advisors, today released a bold new vision paper detailing its roadmap to launch the industry’s first fully agentic AI platform purpose-built to modernize advisory firm operations from the ground up. 

The paper, titled, Transforming Wealth Management Through Intelligent Automation: Docupace’s Strategic Vision for AI-Powered Advisory Services, outlines a future where AI-powered “digital teammates” automate up to 80% of manual tasks, accelerate new account processing by 85%, and cut compliance errors by 75% all while giving financial advisors more time to build client relationships. 

Wealth management firms face mounting pressure from regulatory complexity, shrinking margins and rising client expectations. According to industry data, financial advisors spend more time on paperwork than with clients. Back-office inefficiencies, including account rework and NIGO issues, as well as compliance bottlenecks, are costing the  

Ernst & Young LLP (EY) today announced the establishment of a new Databricks Center of Excellence in Mexico City, Mexico, underscoring its commitment to advanced data analytics and artificial intelligence (AI). This strategic investment expands the firm’s current US-based Databricks Center of Excellence to Mexico for nearshore global delivery support, enhancing the EY organization’s ability to help clients harness the power of data and AI to drive transformative business outcomes. 

The Center of Excellence, based within EY Global Delivery Services (GDS) Mexico, will serve as a regional hub for developing and deploying Databricks-powered solutions that modernize data platforms, unlock actionable insights and operationalize AI at scale. Joining more than 1,000 EY people certified in Databricks technology, the center will bring together top talent in data engineering, machine learning and analytics to support clients across industries. The recent announcement of SAP Databricks in SAP Business Data Cloud is another key driver of the EY organization’s continued global expansion of Databricks capabilities. 

EY GDS is an integrated network of EY service delivery centers that provide innovative, scalable and customized business services to support the EY organization. EY GDS Mexico brings solutions to EY member firms in the US, Canada and Europe, positioning it as a high-impact technology hub. 

Hadrius, a leading AI-powered compliance platform for investment management firms, today announced a strategic partnership with BridgeFT, the cloud-native, API-first wealth infrastructure software company. This collaboration unites BridgeFT’s industry-leading, multi-custodial data platform with Hadrius’ intelligent compliance automation, providing compliance teams with direct, real-time access to the clean, normalized data required to manage risk, accelerate oversight, and stay ahead of regulatory velocity. 

The partnership integrates BridgeFT’s WealthTech API—a custodian-agnostic, cloud-native data infrastructure—with Hadrius’ compliance engine, eliminating manual file transfers, CSV exports, and fragmented integrations. Firms gain regulator-ready audit trails, automated trade and portfolio surveillance, and continuous oversight—all powered by secure, API-level connectivity and Hadrius’ privacy-first AI framework with zero data retention. 

Liberis, a leading global embedded finance provider, today launched the Liberis Capital Platform, an AI-powered solution engineered to solve the most persistent challenge for small businesses: navigating a broken and fragmented funding landscape. The platform provides a single, intelligent ecosystem where businesses can access a suite of five financial products, receiving real-time, personalized recommendations that guide them from their first day of trading to major expansion. 

The Liberis Capital Platform is now live in the U.S. with a global rollout planned for 2026. The platform offers access to funding up to $2 million. At its core, the platform’s recommendation engine analyzes over 118 million SMB data points monthly—from revenue trends to customer reviews—to deliver the right offer at the right time. 

This intelligence powers a suite of co-created financial solutions; each designed from 5 core product blueprints that support SMBs to navigate their funding journey. From day-one eligibility to strategic investment, these product blueprints cover every stage of business growth, and partners can build and customize these based on their specific customer needs. 

Neutrinos, a leader in AI-powered intelligent automation for insurers, today announced the launch of its new AI-Native Coreless System of Execution (CSoE). It is the insurance industry’s first platform to deliver enterprise-grade, intelligent execution through data virtualization and metadata streaming. 

Insurers have long been hindered by monolithic, outdated core systems that are costly, risky, and delay digital transformation. Neutrinos’ AI-Native Coreless System of Execution disrupts this model by using an event-driven, composable architecture coupled with a data fabric layer to create a “hollowed‑out” legacy environment, allowing new capabilities to run virtually on top of existing systems. 

With Neutrinos’ AI-Native System of Execution, insurers can break down organizational and technical silos, enrich semantic metadata models, and gain a unified ‘source of truth’ for data without altering their operational core. This virtualized layer acts like a semantic graph or ontology with shared data models, ensuring data consistency for underwriting, claims, case management, and analytics. 

Options Technology, London / New York / Hong Kong ― Options Technology, a leading provider of cloud-enabled managed services to the global financial sector, today announced that it has been invited to enroll in Microsoft’s Solutions Partner program for Private Cloud. This milestone marks Options’ sixth Microsoft Solutions Partner designation, reinforcing its deep expertise in delivering secure, compliant, and fully managed cloud services to enterprise clients. 

This achievement follows earlier Solutions Partner designations in Modern Work, Data and AI, Security, Infrastructure Solutions, and Digital & App Innovation (Azure). Together, these six designations underscore Options’ global leadership in delivering cutting-edge cloud solutions and integrated technology for the world’s most demanding financial markets. 

Microsoft’s Solutions Partner designations recognize partners with proven technical proficiency, strong customer outcomes, and deep expertise across specific Microsoft Cloud solution areas. The Private Cloud designation acknowledges Options’ ability to deliver advanced infrastructure solutions via SPLA, CSP Software Subscriptions, CSP Azure Stack HCI, and CSP Azure Arc, enabling clients to access enterprise-grade compute, networking, and storage across a secure private cloud environment. 

Prove, the leader in digital identity, today announced its strategic alliance with FNBO® (First National Bank of Omaha), one of the country’s largest privately held banks, to modernize customer onboarding. By leveraging the Prove Pre-Fill® identity verification solution, FNBO is revolutionizing its customer onboarding process for co-branded cards to a seamless, secure, and digital-first experience. 

This partnership highlights FNBO’s commitment to innovation and customer experience and demonstrates its understanding of the critical role technology plays in today’s competitive banking landscape. It also reinforces Prove’s leadership position in providing modern onboarding solutions for large financial institutions – 19 of the top 20 U.S. banks use Prove solutions – to accelerate growth while reducing risk. Financial institutions using the Prove Pre-Fill solution have seen onboarding speed increase by up to 79%, abandonment drop by 35%, and fraud reduced by more than 75%. 

Prove offers a unique approach to digital identity verification by focusing on three essential elements: verifying device possession, checking for suspicious activity or reputation flags, and confirming device ownership. This method allows Prove to maintain persistent identity authentication even when users switch devices, eliminating the need for re-enrollment. It also seamlessly authenticates keys without requiring any user action and safeguards personal information through the use of intelligent signals and advanced cryptographic tools. 

Shaping Wealth, the leading provider of behavioral science-based learning and engagement solutions for the wealth management industry, today announced the expansion of its advisory board. Prominent industry leaders Jason Pereira, MBA, CFA, CFP®, and Samantha Russell will join behavioral economist Dr. Hal Hershfield to help guide Shaping Wealth’s strategic evolution as the company advances its proprietary AI platform, Lydia™, and deepens its technology integrations. 

Jason Pereira, host of the Fintech Impact Podcast and recognized thought leader in advisor technology, brings deep expertise in digital transformation to the advisory role. Recently named to InvestmentNews’ 40 Under 40, FMG’s Chief Evangelist Samantha Russell will help inform Shaping Wealth’s go-to-market strategies and client engagement initiatives. Dr. Hal Hershfield, Professor at UCLA Anderson School of Management, continues his advisory role with expanded responsibilities around Lydia’s behavioral intelligence framework. 

The advisory board expansion coincides with Shaping Wealth’s strategic pivot toward AI-powered solutions, anchored by Lydia™, a behavioral intelligence engine that helps advisors deliver more empathetic, personalized guidance. Unlike traditional AI tools focused solely on efficiency, Lydia enhances the emotional intelligence of financial conversations. 

Socure, the leading provider of artificial intelligence for digital identity verification, compliance, sanctions screening, and fraud prevention in over 190 countries and Nova Credit, a global credit infrastructure and analytics company, today announced an integration partnership that will bring Nova Credit’s FCRA-compliant cash flow underwriting solution, Cash Atlas™, into Socure’s RiskOS™ platform, the industry’s most open and extensible risk decisioning solution. 

Socure’s RiskOS orchestration and decisioning platform with integrated local and global identity graphs links billions of real-time signals from known-good and known-bad identities to detect synthetic, manipulated, deepfakes or stolen data with unmatched precision. 

Nova Credit’s FCRA-compliant Cash Atlas™ solution analyzes consumers’ income and spending patterns to reveal actual repayment ability. By combining these real-time cash flow insights with Socure’s suite of identity verification and fraud prevention solutions, lenders can confidently expand credit access to qualified borrowers previously overlooked by legacy models without increasing fraud or risk. 

Sovos, a leading provider of global tax compliance software, today announced a strategic partnership with Epicor, a global leader in industry-specific enterprise software solutions. This collaboration integrates Sovos’ AI-powered tax compliance platform with Epicor Kinetic ERP, delivering automated, real-time tax management capabilities to manufacturing and distribution companies worldwide. 

Companies in the manufacturing and distribution industries are increasingly investing in platforms that connect and analyze operational data in real-time to drive more informed decision-making and operational efficiency. This partnership addresses the growing demand for connected and intelligent business systems. 

As supply chain operations become increasingly connected, compliance burdens continue to expand and grow more complex across global markets. The Sovos-Epicor integration transforms how manufacturers and distributors manage tax compliance by delivering a unified, automated approach that spans VAT, sales tax, and e-invoicing mandates across multiple jurisdictions. 

Summit Financial (“Summit”), a preeminent investment advisory firm empowering advisors to deliver family office services and optimize business growth, today announced the addition of eight wealthtech tools to its integrated technology ecosystem as well as plans for ongoing exploration of new, innovative solutions. 

These latest tools — spanning the spectrum of AI-powered lead generation, digital marketing automation, client service technology, and M&A opportunity analytics — can help advisors accelerate growth, streamline operations, and deliver high-touch family office services at scale to their high-net-worth (HNW) and ultra-high-net-worth (UHNW) clients. 

The platform’s newest integrated tools include: Absolute Capital — Self-directed 401(k) account management for advisors; FinLink — Marketplace for M&A, recruiting & financial opportunities; FINTRX — AI-Driven private wealth intelligence; Microsoft Teams Premium — AI-powered meeting notes, transcriptions, and action items; Move Health — Personalized healthcare insurance planning; Retirement Plan Advisory Group (RPAG) — Qualified-plan reporting and analytics; Wealth.com — AI-powered estate planning platform; and Wealthfeed — AI-driven prospecting and lead generation platform. 

Cornerstone Community Financial Credit Union (CCF), a member-focused credit union proudly serving communities across Michigan and Ohio, has partnered with Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, to offer smarter, more inclusive personal loan options to consumers. 

\Cornerstone Community Financial started lending as a partner on the Upstart Referral Network in April 2025. As part of the Upstart Referral Network, qualified personal loan applicants on Upstart.com who meet Cornerstone’s credit policies receive tailored offers as they seamlessly transition into a Cornerstone Community Financial-branded experience to complete the online member application and closing process. 

XiFin, a leader in revenue cycle management (RCM) and billing solutions enhanced with embedded artificial intelligence (AI), today announced a new growth capital investment, as well as the addition of health IT innovator and futurist Jeff Margolis to its Board of Directors. The funding round builds on XiFin’s 19% year-over-year growth, driven by client adoption of its flagship next-gen platform, XiFin® Empower, and successful execution of compelling business opportunities. The funding was led by a co-investment from Goldman Sachs External Investing Group, alongside investments from majority investor Avista Healthcare Partners and other leading institutional investors. Financial terms were not disclosed. 

The new growth investments follow strong demand for XiFin’s award-winning technology infrastructure that unifies automation, data analytics, and AI to streamline revenue cycle workflows, improve financial performance, and enhance the patient/provider experience. Built with real-time data exchange and interoperability at its core, XiFin Empower RCM connects patients, healthcare and pharmaceutical providers, and payors across the health ecosystem, extending medical providers’ reach for maximum operational and clinical impact. 

XiFin’s Board will benefit from the addition of Jeff Margolis, a healthcare information technology veteran with extensive experience in AI innovation. He brings more than 35 years of expertise as an operating executive, having led as CEO multiple innovative healthcare technology companies, including founding TriZetto, the industry’s first vertical SaaS platform, with market-leading benefit plan administration solutions that serve over 130 million people. Margolis currently serves as a Senior Advisor to Blackstone, and board member for multiple companies, guiding strategic investments and advancing innovation in healthcare and IT. He is the author of several books evaluating the state of healthcare, including The Healthcare Cure and, most recently, Not Just in Sickness…but Also in Health. 

Yodlee, a pioneer in open finance and trusted technology and data ally to the world’s leading financial institutions, today announced the close of its acquisition by STG, a private equity firm recognized for scaling transformational software, data, and analytics companies. This milestone marks more than a change in ownership, it is the official launch of a new, independent Yodlee brand with a bold mission: to power the next chapter of connected financial experiences. 

For over 25 years, Yodlee has helped financial institutions transform financial data into intelligence and personalized experiences. Yodlee doubles down on that mission, now with a clearer, more confident voice in the market. 

STG’s acquisition is more than a capital shift; it’s a strategic alliance with a leader known for building data-first category brands.