Fake receipts made with AI are becoming a big problem for businesses worldwide. In September, about 14% of all fake receipts were created using generative AI tools. Just a year earlier, there were no AI-made fake receipts at all. This shows how quickly this new technology is changing the game in fraud. Generative AI tools
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All posts tagged in AI in Finance
In Brazil, chatting with your bank just got a whole lot easier. Banks and fintech companies are now using artificial intelligence inside WhatsApp to let people transfer money, pay bills, and check their account balances. Instead of opening an app or visiting a website, users can simply send a message and get the job done.
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Finance teams and CFOs are facing new challenges as they try to modernize their operations. Simply automating tasks isn’t enough anymore. Today, transparency and the ability to explain AI decisions are just as important as speed and efficiency. Financial firms are turning to advanced AI systems that can reason and make sense of data, not
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Campfire is shaking up the world of finance software with a fresh approach to enterprise resource planning (ERP). The company just announced a $65 million Series B funding round, led by Accel and Ribbit Capital. This new funding will help Campfire develop its innovative platform and reach more finance teams looking to upgrade from outdated
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London’s finance scene is changing fast. Instead of just traders and analysts, the city is now filled with algorithms, neural networks, and new AI startups. Recently, job ads in London’s financial district increased by 9% in the third quarter of 2025. The main boost comes from fintech companies focusing on automation, predictive tools, and AI-powered
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The UK government is making moves to modernize financial transactions using blockchain technology. They recently announced plans to appoint a “digital markets champion” to lead this effort. The goal is to create a shared digital ledger system that can transform how financial assets are issued, transferred, and tracked. This move comes as other regions and
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Financial tech startup Increase Alpha has just secured $3.5 million in seed funding to build a new tool for predicting stock movements. This platform is designed mainly for hedge funds and big investors looking for an edge in the market. It aims to change how financial analysis is done by using artificial intelligence built specifically
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Elon Musk is making another big move. This time, he’s brought in Anthony Armstrong as the new Chief Financial Officer of xAI. Armstrong is not just any finance guy; he used to work at Morgan Stanley and was part of the team that helped Musk secure the massive $44 billion Twitter buyout. Now, Musk is
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The European Central Bank is putting a lot of faith in artificial intelligence to protect its new digital currency. They’ve awarded a contract worth up to €237 million to a Portuguese startup called Feedzai. This deal will last four years and also involves PwC as a subcontractor. Their job? Create AI systems that spot suspicious
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Feedzai, a company specializing in using artificial intelligence to prevent financial crime, has raised an additional $75 million in funding. This new investment pushes its valuation over $2 billion, marking it as a key player in the fight against fraud and scams in finance. The funding was led by institutional investors like Lince Capital, Iberis
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