Auto Added by WPeMatico
Large financial firms have spent years testing artificial intelligence in small projects, often limited to data analysis or customer support tools. The next phase appears to involve something more operational: systems that can take action in business workflows. Canadian insurer Manulife is moving in that direction as it works to deploy agent-based AI systems inside […]
Manulife moves AI agents into core financial workflows Read More »
Few venture capitalists have the name recognition — or tenure — of Tim Draper. A fixture in Silicon Valley for decades, Draper has built a reputation for bold, often contrarian bets that have yielded some of the industry’s most notable wins, including early investments in SpaceX, Tesla, Coinbase, Skype and Twitch. His career, which spans
Tim Draper On The AI Boom, Bitcoin’s Future And Building ‘Human Accelerators’ Read More »
Denki, which has built AI-powered software for financial auditors at public companies, has raised $4.1 million in funding, the startup tells Crunchbase News exclusively. Founded in 2025 by brothers Felipe Jin Li (24) and David Jin Li (20), San Francisco-based Denki aims to build “modern” infrastructure for financial audits, which verify that financial statements are
The financial services industry has a pilot problem. Institutions pour resources into AI proofs-of-concept, generate impressive dashboards, and then quietly watch momentum stall before anything reaches production. Singapore-headquartered Dyna.Ai was built precisely to break that pattern–and investors are now backing that thesis with serious capital. The AI-as-a-Service company has closed an eight-figure Series A round
AI agents prefer Bitcoin for digital wealth storage, forcing finance chiefs to adapt their architecture for machine autonomy. When AI systems gain economic autonomy, their internal logic dictates how corporate capital flows. Non-partisan research by the Bitcoin Policy Institute evaluated how these frontier models would transact if operating as independent economic actors. The study tested
AI agents prefer Bitcoin shaping new finance architecture Read More »
Jack Dorsey to cut 4,000 workers at Block amid AI advances – but specters such as weak crypto market haunt companyJack Dorsey cited AI as the driving force behind cutting 40% of his company’s employees, but other factors such as a weak crypto market, overstaffing and a declining stock price may also have motivated the
Can AI do 40% of your job? Block’s Jack Dorsey thinks so Read More »
Fintech infrastructure company Plaid revealed on Thursday that it has completed a new fundraise to provide liquidity to employees at a valuation of $8 billion. That valuation is up 31% from the $6.1 billion the San Francisco-based company was valued at in April 2025 when it completed a separate tender offer. At its peak in
Fintech Plaid Completes Tender Offer At $8B Valuation Read More »
Elena Sakach is on a roll. A partner at GV (Google Ventures), Sakach has helped lead the firm’s investments in high-profile startups such as Humans&, Ramp, Stripe, Tennr and Basis. Unsurprisingly, considering her involvement in so many significant fintech deals, Sakach followed a fairly traditional path into finance. She started in the technology, media and
Basware has introduced a AI agents in its invoice lifecycle management platform to extend the existing InvoiceAI abilities of the platform. The company positions the agents as a step towards what it calls “Agentic Finance,” a model in which AI systems undertake finance tasks under preset controls. Jason Kurtz, chief executive officer of Basware said:
Basware’s AI agents: From invoicing to “100% automated” Read More »
It’s an open secret (that is, not many people seem to know) that the institutions keeping the global financial system turnig over run code that is ancient, barely understood, and frighteningly hard to replace. Now, AI is finally making that problem solvable – and the market has responded with a reality check for one of
COBOL modernisation just got an AI shortcut–and the market noticed Read More »
