AI & Finance™ | News for the Week Ending 2/7/25

AArete, a leading global management and technology consulting firm, today officially launched the AI version of Doczy™, branded as Doczy.ai™, an intelligent Al contract interpretation solution that streamlines processes by using state-of-the-art AI technology to digitize and analyze complex provider contracts. By providing expanded data visibility, Doczy.ai™ paves the way for unprecedented, scalable operational efficiencies for healthcare payers. 

Doczy.ai™ reads and interprets provider contracts using a proprietary methodology and practical artificial intelligence informed by decades of healthcare experience. With this elevated contract comprehension, AArete’s team of industry and technology consultants extract and organize meaningful data elements to inform the health plan of hidden opportunities for operational excellence. As provider contracts evolve, Doczy.ai™ evolves with them, simplifying the process of implementing updates while improving provider relations, fostering trust, and increasing accuracy for more transparent information and nimble operations. 

Technically, Doczy.ai™ is enabled by large language models (LLM) making it possible to rapidly process vast amounts of unstructured data from provider contracts, prompting the precise extraction and structuring of critical information, such as reimbursement methodologies, payment hierarchies and complex carve-outs. Coupled with AArete’s deep healthcare expertise, this human-guided, AI-driven approach delivers actionable findings, tailored to each client’s specific needs, and review capacity, ensuring effective contract management and payment. 

Algebrik AI Inc., a Delaware-incorporated company headquartered in New York City, pioneering the world’s 1st cloud-native, AI-powered, digital-era Loan Origination Platform (LOS), today announced its partnership with Plaid, the data network powering the digital financial ecosystem. This collaboration brings transformative enhancements to credit unions and financial institutions by integrating Plaid’s consumer-permissioned data with Algebrik, enabling seamless identity verification, financial data access, and improved decision-making for lenders and borrowers. 

This partnership empowers Algebrik AI to leverage Plaid’s robust financial data technology, streamlining the borrower experience while ensuring compliance and data security. With consumer-permissioned access to real-time financial data, credit unions and other lenders can make faster, more accurate lending decisions. Borrowers benefit from a simplified application process and increased access to credit by incorporating cash flow data. 

Credit unions, a key focus of this partnership, stand to gain significant operational advantages. With Plaid’s integration, they can access borrowers’ financial data with explicit consent, improving underwriting accuracy and reducing time-to-decision. Borrowers will experience a guided, frictionless journey, from application to loan disbursement, facilitated by Algebrik’s AI-driven platform. 

Award-winning enterprise digital documentation infrastructure leader Arteria AI is thrilled to announce the creation of Arteria Café, a dedicated research arm focused on advancing generative and agentic artificial intelligence technologies in financial services documentation use cases. 

The future of AI is vertical. This strategic initiative underscores Arteria AI’s commitment to pushing the boundaries of AI capabilities in documentation processes in financial services and delivering specific ROI in high-impact workflows. 

Alongside this announcement, Arteria is pleased to announce the appointment of Dr. Amir Hajian as Chief Science Officer, who will lead this important initiative. 

Closinglock, the leading fintech and fraud prevention technology provider for the real estate industry, today announced it has closed a $34 million Series B funding round. The investment was led by Sageview Capital and supported by Headline and RWT Horizons. 

This new financing will advance the company’s mission to power and protect U.S. real estate transactions by securing the transfer of funds and information. To date, Closinglock has protected more than 1 million home sales worth over $500 billion, and the company’s Good Funds Payments tool has facilitated the secure transfer of more than $600 million in payments. 

The Series B will allow Closinglock to evolve and expand, particularly as the fraudulent use of artificial intelligence and deepfake content proliferates. In 2023, consumers reported nearly $3 billion in losses from 31,000 real estate business crime and business email compromise complaints — the type of scams often deployed to infiltrate real estate transactions. With the average successful real estate fraud costing victims $143,000, Closinglock’s tools have saved U.S. buyers and sellers more than $1.24 billion in avoided losses by preventing more than 8,250 fraud attempts. 

The EY organization and Microsoft announced today the launch of the AI Skills Passport (AISP), which assists students aged 16 and older in learning about artificial intelligence (AI) technologies, and how to work with and apply them to various industries and careers. This free online program is part of an ongoing social impact collaboration focused on supporting young people and those furthest from opportunity to build the AI skills necessary to thrive in today’s AI economy. 

According to Randstad research, demand for AI skills in job postings has surged by 2,000%. However, a recent EY and TeachAI survey, with support from Microsoft, found that only 15% of Gen Z respondents feel fully satisfied with how their schools or employers are preparing them for the implications of AI and the use of AI tools. The AISP aims to bridge this gap by equipping learners with essential AI skills for the modern workplace, with a goal of upskilling one million individuals. 

The free online learning program is accessible on web and mobile platforms and participants can take the 10-hour course at their own pace to learn about key topics such as the fundamentals of AI, ethical considerations and its applications across business, sustainability and technology careers. By completing the course, participants will receive an EY and Microsoft certificate of completion to strengthen resumes and gain access to additional learning and employment resources. 

FinQuery, a leading provider of AI-powered accounting automation and contract management solutions, today announced the launch of its CPE Hub, a dedicated resource center where accounting and finance professionals can enhance their expertise, earn CPE credits, and stay ahead of the curve – all for free. 

As part of this initiative, FinQuery invites professionals to attend its upcoming virtual Accounting Automation Summit. This free, CPE-eligible event will explore the latest trends and innovations in accounting automation, equipping attendees with practical insights to streamline workflows, enhance compliance, and drive efficiency in financial operations. To register and learn more, visit Accounting Automation Summit. 

Jump, a leading provider of artificial intelligence (AI) solutions for financial advisors and other financial services providers, today announced the successful completion of a $20 million Series A funding round, led by Battery Ventures, with additional participation from Citi Ventures and existing investors Sorenson Capital and Pelion Ventures Partners. This investment underscores the rapidly growing demand for advisor-specific AI tools that streamline administrative tasks and empower financial professionals to elevate the advisor and client experience. 

Founded by repeat fintech entrepreneurs, Jump has quickly established itself as an indispensable productivity tool to advisory firms of all sizes – from solo practitioners to enterprise-level registered investment advisors (RIAs) and independent broker dealers (IBDs). The firm has raised $24.6 million capital to date, and this latest funding will advance its mission to empower financial advisors and their clients to thrive in the age of AI. With this funding, Jump plans to accelerate product innovation, building out an ever growing suite of advisor specific AI workflows and agentic AI work outputs. Jump will also expand sales and support to meet intense market demand, deepening industry partnerships. 

Jump’s AI assistant integrates seamlessly into advisors’ workflows, automating critical tasks like meeting preparation, notetaking, compliance documentation, CRM updates, handling financial planning data and client follow-ups. Jump is deeply customizable depending on advisor preferences; it also integrates with existing advisor tools, including Zoom, Teams, Salesforce, Wealthbox, Redtail and more. Jump also provides extensive enterprise controls that allow compliance teams to configure Jump to their specific policy requirements. 

MongoDB, Inc. (NASDAQ: MDB) today announced that Lombard Odier, a global Swiss private bank founded in 1796, has partnered with MongoDB to further modernize its leading banking technology systems. In collaboration with MongoDB, Lombard Odier has accelerated the modernization of its systems and applications with generative AI, reducing technical complexity and accelerating the bank’s innovation journey.  

Delivering seamless digital experiences to private and institutional customers while driving cost efficiencies is a major challenge across the banking industry. With the acceleration of digitization and the advent of AI, Lombard Odier is evolving its systems and integrating new technologies to give its clients the best possible service and experience. The bank’s GX Program—a seven-year initiative designed to modernize Lombard Odier’s banking application architecture to respond to market developments—launched in 2020 with the goal of enabling quicker innovation, reducing potential service disruption, and improving customer experiences. 

Building on its 10-year relationship with MongoDB, Lombard Odier chose MongoDB as the data platform for its transformation initiative. The bank initially decided to develop its portfolio management system (PMS) on MongoDB. The bank’s largest application, with thousands of users, PMS manages shares, bonds, exchange-traded funds, and other financial instruments. MongoDB’s ability to scale was key to this system migration, as this system is used to monitor investments, make investment decisions, and generate portfolio statements. It is also the engine that runs Lombard Odier’s online banking application “MyLO,” which is used by the bank’s customers. 

Options Technology (Options), a leading provider of cloud-enabled managed services to the global capital markets, is pleased to announce the promotion of Michelle Kendell to Vice President and Managing Director of Hong Kong. Michelle will lead the company’s operations in Hong Kong in her new role. 

Michelle brings over 20 years of experience in the financial technology sector, with a proven track record in driving business growth and fostering client relationships. Since joining Options in 2018 as a Technical Account Manager and, more recently, in her role as Client Solutions Director, she has been instrumental in expanding the company’s presence in Asia, leading to significant client acquisitions and partnerships. Her leadership and deep industry knowledge have been pivotal in navigating the complex landscape of the financial markets. 

Michelle’s promotion comes during a period of significant momentum for Options in APAC, with the company making considerable investments in the region, including the expansion of its trading infrastructure and Market Data offerings in Taiwan, Thailand, and Korea, as well as the integration of the Activ business in Tokyo and Singapore. 

Orion, the premier provider of transformative wealthtech solutions for financial advisors and the enterprises that serve them, announced today at Orion Ascent 2025 a series of key updates across its connected technology ecosystem. 

Today, Orion introduced AI-powered meeting agendas inside of Portfolio View, allowing advisors to create auto-generated meeting agendas. Leveraging portfolio analytics, financial planning, CRM notes, and the power of AI, this innovative feature streamlines the preparation process for advisors, enhancing efficiency in client meetings. 

Orion’s industry-leading Redtail CRM is launching three impactful updates in Q1 2025. First, firms can now reassign CRM ownership, supporting seamless transitions and consistent workflows. Second, the new Lightweight Enterprise Reporting feature allows large RIAs, aggregators, and broker-dealers to generate regulatory and compliance reports across multiple CRMs, paving the way for a future Enterprise Dashboard with full organizational oversight. The final new feature is secure third-party document sharing, enabling advisors to collaborate effectively with external stakeholders like CPAs and attorneys, simplifying document exchange and enhancing client satisfaction. Insights from Orion’s 2025 Investor Survey informed this enhancement, showing that 42% of investors prefer their advisors closely coordinate with third-party professionals when specific issues arise, while 33% value close collaboration on all financial matters. 

Provana, a leading provider of tech-enabled services for the financial and receivables management sector, today announced its acquisition of Palinode, a recognized leader in credit dispute management solutions for financial institutions. This strategic move enhances credit dispute investigation and resolution capabilities, delivering significant value to clients. 

The acquisition will integrate Palinode’s flagship Sonnet platform with Provana’s comprehensive suite of tech-enabled services. Together, these combined capabilities will provide financial institutions with improved credit reporting workflows for processes such as e-OSCAR (ACDVs, AUDs, Notifications) and Direct Disputes, supported by advanced technology and expert-driven services. Clients will benefit from enhanced operational efficiency and improved compliance. 

This acquisition underscores Provana’s commitment to expanding its leadership in the financial services sector and providing best-in-class solutions that help clients navigate regulatory complexities and thrive in a rapidly evolving industry. 

Scienaptic AI, a leader in AI-powered credit underwriting, today announced a strategic partnership with MDT. This partnership is set to empower credit unions utilizing MDT’s solutions with advanced AI-driven underwriting capabilities, enabling more inclusive lending while enhancing operational efficiency and member service. 

MDT is a trusted partner for credit unions, enabling them to navigate complex financial technology ecosystems. As a host of the Symitar® core processing system from Jack Henry™, MDT provides credit unions with access to an extensive suite of tools and solutions that drive growth, competitiveness, and digital transformation. Serving over 100 credit union clients, MDT is known for its commitment to client service, security, and compliance, ensuring its partners are equipped to remain institutions of choice for their members. 

This partnership underscores MDT and Scienaptic’s shared vision of empowering credit unions with advanced technology to support their mission of providing financial inclusion and exceptional member service. 

ServiceNow (NYSE: NOW), the AI platform for business transformation, announced today an expansion of its strategic alliance with Visa, a world leader in digital payments. 

Visa plans to use the ServiceNow Dispute Management, Built with Visa solution, which includes the AI capabilities of the ServiceNow Platform, to power Visa Dispute Management Service (VDMS) and Visa DPS Dispute Analysis and Support (DAS). Visa will use ServiceNow’s platform to further streamline costly, lengthy payment card dispute resolutions for clients, help issuers meet compliance requirements, and ultimately improve the cardholder experience. 

Rising dispute volumes are a challenge across the financial services industry. Visa and ServiceNow will continue to innovate to improve the dispute resolution process and overall cardholder experience. ServiceNow and Visa have also collaborated with Skyflow, the security and privacy company for the modern AI data stack, to address PCI-compliance and protection of cardholder account data during the dispute process. 

Sigma360®, the definitive AI-powered risk screening and monitoring platform that enables compliant global relationships, today announces the launch of HyperScan™, a tool designed to innovate and improve financial crime risk screening and investigative operations. HyperScan uses advanced artificial intelligence to conduct tailored internet searches, delivering actionable insights on potential risks and anomalies—all at no cost. With its AI-generated summaries of individual risks and focus on reducing false positives, HyperScan simplifies risk screening and open-web searches for compliance professionals and institutions and can cut down on manual efforts by over 50%. 

HyperScan empowers compliance teams to conduct due diligence and enhanced due diligence, streamline KYC operations, and mitigate risks with confidence and clarity—all through unmatched speed, coverage and usability.  It is available as a web-based solution, or as part of Sigma360’s suite of APIs. 

HyperScan is now available at no cost and on demand via the Sigma360 website. This tool has been engineered as an automated, scalable capability available on demand in our flagship platform or as a direct integration into existing workflows, giving businesses a seamless way to simplify risk screening and enhance compliance efforts. 

Smarsh®, the global leader in communications data and intelligence, today announced that it has acquired CallCabinet, a pioneer in cloud-native compliance call recording and analytics technology. The integration will provide customers with unmatched compliant audio recording, AI-powered voice analytics, and the most robust end-to-end digital communications and intelligence platform. 

Organizations looking for truly modern technology for voice recording to stay competitive and compliant can now find it at scale with Smarsh. Thousands of customers, including 90% of the top global financial institutions, already use Smarsh for reliable digital communications management. Now, companies across all industries can also rely on Smarsh for their full voice recording and analytics needs. 

This acquisition is timely as pressure from U.K. and U.S. regulators to retain voice calls accelerates. This is evidenced by the over $4B in GDPR penalties and recent fines from the CFTC (Commodity Futures Trading Commission). Organizations in heavily regulated industries like financial services, healthcare, and government must quickly adopt advanced compliance technologies with voice capture capabilities to mitigate risk and reputational damage. 

JPX Market Innovation & Research, Inc. (“JPXI”), a leading global provider of Japan’s financial market data, and Snowflake, the AI Data Cloud company, today announced a priority partnership between the companies to jointly disseminate data over Snowflake’s market-leading platform. Data provision via Snowflake will enable market participants to enjoy improved access to JPXI’s rich and varied data offerings and empower cost-effective development of data analysis environments. 

This venture is supported by J-LAKE, Japan Exchange Group’s integrated data services platform that launched in January 2025. J-LAKE centralizes data management within JPX Group, including JPX’s market data, information on market participants, listed companies, and customers, and a wealth of alternative data and internal knowledge. Through J-LAKE, JPXI will be able conduct multifaceted analysis on this data and develop and provide new services to meet diverse client needs. In providing new data distribution services, JPXI will not only develop services within the existing framework of analyzing customer trends, conducting interviews, and collaborating with existing partner companies, but will also seek to collaborate with new vendors, startups, and platform providers, with the aim of creating services that provide new value. The partnership with Snowflake is a representative example of the new value created by the J-LAKE platform. 

Moving forward, JPXI will conduct hearings with its customers to determine the initial data sets to be offered on the Snowflake platform, with release planned before the end of March 2025. 

Statement,  the leading AI-powered cash intelligence platform, is proud to announce its partnership with U.S. Bank, joining their Connected Partnership Network (CPN). This collaboration introduces U.S. Bank’s corporate clients to Statement’s innovative cash intelligence solutions, revolutionizing how treasury teams gain real-time cash visibility and develop reliable cashflow forecasts. 

Corporate treasury teams face growing challenges in managing global cash operations, forecasting liquidity needs, and driving strategic decisions. At least a third of corporate treasury teams are still manually consolidating cash positions in Excel – a process prone to errors and reporting delays. These inefficiencies underscore the growing demand for advanced, AI- driven tools that provide treasurers with real-time and accurate reporting, and strategic decision-making capabilities—essential for managing the complexities of modern businesses with multiple bank accounts, legal entities, and currencies. 

Vena, an industry-leading FP&A platform purpose-built to fully leverage the Microsoft technology ecosystem, today announced the availability of its integrated solutions for financial planning and analysis (FP&A) and beyond in the Microsoft Azure Marketplace, an online market providing applications and services for use on Azure. Vena’s customers can now benefit from the productive and trusted Azure cloud platform, with streamlined deployment and management for their financial and operational planning needs, as well as other strategic finance-led business processes. 

Vena’s platform integrates seamlessly with Microsoft 365 productivity tools, including Excel, PowerPoint, Power BI, Microsoft Fabric and Microsoft Dynamics 365. Vena for Microsoft Dynamics 365 Business Central offers direct, self-serve API integration with Microsoft Dynamics 365 Business Central for FP&A and beyond, enabling access to custom Business Central data directly within the platform. These integrations empower businesses to easily modernize and simplify financial planning, operational processes and strategic planning. Organizations can also leverage Vena’s AI-powered features, including Vena Copilot which integrates Azure OpenAI Service, to help strategic finance teams dramatically improve their productivity, drive smarter decision making and achieve improved business outcomes. 

Education Credit Union (ECU), based in Amarillo, Texas, has implemented the newly-launched Vertice ACQUIRE solution and achieved exciting results in its pilot program. Developed by Vertice AI, a leader in AI-powered member growth solutions, Vertice ACQUIRE leverages advanced, data-driven technology to transform how credit unions grow their membership base. 

Vertice ACQUIRE uses a unique Acquisition Matrix Model Score to identify and engage prospective members likely to both (1) join the credit union and (2) grow into high-value, long-term members. By analyzing data from Experian alongside internal member insights, Vertice ACQUIRE forecasts which products’ prospects have a higher propensity to adopt and their long-term engagement potential. Using innovative predictive analytics, Vertice ACQUIRE enables credit unions to move beyond traditional acquisition strategies to personalized marketing strategies. 

ECU utilized this innovative solution to create hyper-targeted campaigns, resulting in three times higher engagement rates compared to previous non-targeted outreach. 

Wiland, Inc., the nation’s leading provider of predictive marketing intelligence, today announced the launch of GivingSignals™, a groundbreaking and easy-to-use solution designed to help nonprofits optimize donor engagement and fundraising outcomes within their existing donor file. As the newest addition to the MarketSignals™ platform—Wiland’s suite of advanced data-driven marketing solutions—GivingSignals delivers unparalleled insights that empower nonprofit organizations to reach the right donors, at the right time, with the right message. 

Fueled by Wiland’s vast consumer database, the largest transactional database in the nonprofit industry, and proprietary data science, GivingSignals is a donor house file solution that enables organizations to refine their fundraising strategies with highly predictive intelligence. The solution offers both deterministic and probabilistic insights, helping fundraisers understand donor behaviors, preferences, and giving capacity of their existing donors like never before. By integrating these signals into their donor engagement efforts, nonprofit organizations can improve fundraising effectiveness, increase donor retention, and maximize lifetime value. 

Worldpay®, a global industry leader in payments technology and solutions, today announced it has entered into a definitive agreement to acquire Ravelin, an AI-native fraud prevention platform headquartered in London, UK. The acquisition of Ravelin will complement and enhance Worldpay’s portfolio of value-added solutions and enable merchants of all sizes to grow faster and protect their businesses as fraud activity accelerates globally. 

Since its inception in 2015, Ravelin has developed next-generation fraud prediction and prevention solutions for e-commerce merchants. Over this period, Ravelin has established itself as a market leader in identifying payment fraud, account takeover, return & refund abuse, promotion & voucher abuse and marketplace fraud, and performing 3D Secure authentication. In addition, Ravelin’s cloud-based AI platform will allow Worldpay to offer its customers leading-edge technology to further improve authorization rates.