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Duco, the leading SaaS provider of AI-powered data automation, today announced it has acquired Metamaze, a fast-growing company in the unstructured data ingestion and Intelligent Document Processing (IDP) space. Metamaze uses AI and no-code techniques to accurately replace manual data extraction and classification from documents and emails for customers across multiple industries, with a strong focus on banking and insurance.
Cohesity, a leader in AI-powered data security and management, and Veritas, a leader in secure multicloud data resilience, today are announcing their definitive agreement under which Cohesity intends to combine with Veritas’ data protection business, which will be carved out of Veritas, to create a new leader in data security and management.
Traive, a company operating at the intersection of agriculture and financial technology, has successfully secured a $20m investment, marking a significant milestone in its journey.
The funding round was led by Banco do Brasil through the BB Impacto ASG I Fund, managed by Vox Capital.
MediConCen Limited, an Insurtech company that automates insurance claims using AI and blockchain, announced that it has raised USD 6.85 million in its latest Series A round. HSBC Asset Management leads the new funding and has also received support from existing investors including G&M Capital, ParticleX, and new investor Wings Capital Ventures.
Instant payments allow users to transfer funds in a matter of seconds. The convenience and transparency that this allows businesses to provide have led to growing adoption as users demand a seamless payment experience. 75% of small and medium-sized businesses that use a platform or marketplace to run their business have voiced their desire for same-day settlement or faster.
Today Mastercard announced it is joining with the U.S. Department of Commerce to help establish the U.S. AI Safety Institute Consortium (AISIC), which will focus on creating new, trustworthy AI standards.
Alba Bank (Alba) has announced that Rod Ashley is stepping down from his role after 6 years in post.
Jonathan Thompson will assume the role of acting CEO to lead the business over the next critical phase, bringing with him extensive start-up and SME banking experience. Dominic Wade also joins the firm as Chief Financial Officer. He joins from Unity Trust Bank, where he held the same role.
Navro – the pioneering fintech firm formerly known as Paytrix that simplifies global payments for international businesses – today confirms that it has been authorised by the Central Bank of Ireland as an Electronic Money Institution (EMI). Under the terms of the licence, fast-growth businesses with international ambitions can benefit from Navro’s global payments curation services under the protection of European Union regulation.
