Raisin’s latest Summer Savings Series study shows that trust in AI for financial decisions is on the rise, with high earners serving as an early signal of the shift. Nearly three in ten households earning above $150,000 now use AI to guide financial choices, double the rate of those earning less than $75,000. This early adoption among higher earners signals a broader trend: growing consumer confidence in using technology to support financial decisions.

Procurify today announced that Jonathan Su has joined the company as Chief Product & Technology Officer (CPTO)

Artificial intelligence (AI) has moved from pilot to performance for UK financial institutions. According to the latest Lloyds’ Financial Institutions Sentiment Survey (FISS), the sector is entering a new phase of AI maturity, with firms reporting tangible business benefits and increased investment in the technology over the last 12 months.

Penn-America Underwriters has completed the acquisition of Sayata, an AI-enabled digital distribution marketplace and agency operations for commercial insurance

Kapital, a global financial institution and the leading AI-driven platform for SMBs in Latin America, announced the successful close of its Series C funding round

Snowflake (NYSE: SNOW), the AI Data Cloud company, has announced its growing footprint in South Africa with the general availability of Snowflake’s AI Data Cloud on Amazon Web Services (AWS) Africa (Cape Town) Region, enabling customers to unlock deeper data insights powered by AI to drive business innovation, all while meeting the highest standards of data residency and sovereignty.

Neutrinos announced the launch of its new AI-Native Coreless System of Execution (CSoE)

Themis has launched its new Onboarding module - an automated, AI-first platform that redefines how organisations onboard clients

OpenDialog AI announced a strategic partnership with Adrian Flux to deploy its Selma AI Sales Agent technology across the brand portfolio

Zopa Group has today acquired payments platform Rvvup to accelerate Zopa’s retail finance offering

New research from Unbiased, the UK’s leading financial advice platform, reveals that while consumers see a role for artificial intelligence (AI) in routine financial tasks, they still expect to work with human advisers. The findings highlight a clear opportunity for advice firms, integrating AI to enhance efficiency without losing the personal connection that clients value most.

Over half of UK small and medium-sized business (SMB) owners (53%) are now turning to AI tools such as ChatGPT for practical business advice and problem-solving, according to new research from Worldpay. Despite this growing reliance on artificial intelligence, nearly all (93%) SMB owners continue to place their greatest trust in the technology partners who help run their businesses.

When shown a series of 8 short video clips featuring both real and deepfake celebrities, only 3.7% of Brits were able to correctly identify them all.

Finom opens access to AI Accounting to all customers in Germany that streamlines accounting workflows

Shift recently delivered Gen AI capabilities as part of their Shift Claims Fraud Detection and Shift Claims Intake deployments for Tokio Marine & Nichido Fire Insurance Co., Ltd.