LemFi, a leading fintech platform transforming financial services for immigrants, has raised a $33 million Series A round led by Left Lane Capital. Other investors included Y-Combinator, Zrosk, Global Founders Capital, and Olive Tree.

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has launched two open-source large vision language models (LVLM), Qwen-VL and its conversationally fine-tuned Qwen-VL-Chat. The models can comprehend images, texts and bounding boxes in prompts and facilitate multi-round question answering in both English and Chinese.

Modulus, a US-based developer of ultra-high-performance technology that powers Fortune 500 firms; government agencies and laboratories; and leading research universities, announced that the company filed for a patent on a new order type now available within the company’s white label futures exchange solution. The order type, “Automatic Order Autonomy,” is said to offer a next-level competitive advantage to clients.

Fintech Hub LT, an association of licensed Fintech companies in Lithuania, will now accept virtual currency exchanges and virtual asset service providers (VASP) into its Association.

LHV Bank, the UK's newest licensed bank, has finalised the business transfer from its Estonian affiliate, AS LHV Pank’s UK branch, to its newly licensed entity. This transition, affecting LHV Bank’s Banking Services clients in the UK, follows LHV Bank receiving its banking licence this May and the subsequent approval from the UK High Court to transfer the business. 

Agent IQ, the pioneer in digital relationship banking providing personal banker engagement and AI-supported self-service, is pleased to announce that Pinal County Federal Credit Union (PCFCU) has been named a Finopotamus 2023 Tekkie Award winner in the category of “Artificial Intelligence/Machine Learning.”

As generative AI tools continue to expand, new doors are being opened for fraudsters to exploit weaknesses. Have you experimented with generative AI tools like ChatGPT yet? From beating writer’s block to composing ad copy, creating travel itineraries, and kickstarting code snippets, there’s something for everyone. Unfortunately, “everyone” includes criminals.

Bitso —the leading financial services company powered by crypto in Latin America with 7 million users and 1,500 institutional clients— announced today the appointment of Robert Dennis Harrop as the new Chief Technology Officer (CTO), a British specialist who has worked at Bitso for over two years.

Trulioo, a leading global identity verification platform, today announced new Workflow Studio capabilities to accelerate person matching worldwide. Trulioo provides an alternative to the complex array of vendors that companies often depend on to ensure reliable person matching through personally identifiable information (PII) and identity documents.

Allied Payment Network, Inc. (Allied), the industry leader in real-time, open-network payments solutions to banks and credit unions, today announced that it has signed over 40 new financial institutions for its payment technologies through July 31, representing double-digit new client growth. These latest clients range from community banks and credit unions to regional banks with over $25 billion in assets, demonstrating Allied’s ability to scale across financial institutions of all sizes.