Sedric AI, (“Sedric”), the pioneering compliance-dedicated AI      platform for financial institutions, today announced it has closed a $18.5 million Series A funding round to further its efforts to transform compliance operations across the industry. The latest funding round, led by Foundation Capital with participation from Amex Ventures and existing investors including StageOne Ventures and The Garage, brings the total amount raised by the company to date to $22 million.

Fifth Third Bank is pleased to announce a collaborative agreement between Newline™ by Fifth Third, a leading embedded payments platform, and Trustly, the global leader in Open Banking Payments.

PayPal today ushered in a new era for customers, making it easier and more rewarding than ever to shop and pay with PayPal anywhere, anytime – both in stores and online. Now, customers have access to rich rewards, stackable cash back offers in the PayPal app, and more personalized ways to manage their spending – all with the safety and security PayPal is known for and the peace of mind they’re getting more money back in their pockets.  

J.P. Morgan Asset Management today announced an enhancement to its Morgan Money platform, a short-term investment management solution with over $300 billion in assets under management (AUM), through a collaboration with Kyriba, a global leader in liquidity performance. This integration aims to streamline liquidity management processes, enhance the management of critical trading and accounting workflows, and provide real-time visibility into cash flow balances.

U.S. Bank is introducing two new U.S. Bank Smartly® products designed to work together to maximize credit card rewards while also helping clients earn more on their savings balances.

Magnetiq Bank is leading the charge in Europe by adopting Visa B2B Connect, a cutting-edge solution revolutionizing cross-border payments.

Visa B2B Connect offers a secure, cost-effective alternative to traditional banking for business-to-business transactions, enabling e-commerce merchants and bank customers to make payments in multiple currencies, including GBP and USD, with ease.

Paylocity, a leader in cloud-based HR and payroll software solutions, today announced it has signed a definitive agreement to acquire Airbase Inc., a modern finance and spend management software solution that combines bill pay / accounts payable automation, expense management, corporate cards and procurement capabilities.

Comertbank, a key player in Moldova’s transforming financial landscape, joins forces with Salt Edge, a leading developer of open banking solutions, to become compliant with local PSD2 regulations.

Checkout.com, a leading global digital payment solutions provider, has helped Holiday Extras streamline and increase the performance of their payment processes through the use of virtual cards, resulting in increased automation, improved operational efficiency, and positive financial outcomes.

Lucinity, the global leader in AI software for financial crime compliance, has secured a second patent from the US for its proprietary federated learning technology, which provides a unique approach to allow global financial systems to share algorithmic learning patterns without having to share sensitive data.