All articles by Vidya Sagar Maddela
Vidya Sagar Maddela
OneID secures funding to advance its digital identity verification
The UK-based digital identification services provider will use the funds to enhance its product offering, expand its operations into new market sectors and deliver its services to new and existing customers
Experian, ValidMind partner to advance model risk management
The collaboration will combine Experian’s Ascend Platform with ValidMind’s model governance solutions to automate key aspects of model risk management, including documentation, validation, and governance
Algebrik AI, Carleton partner to enhance loan origination platform
The collaboration will combine Carleton’s payment calculation APIs into Algebrik’s cloud-native Loan Origination system (LOS), along with compliance at scale, and real-time validation of loans
Wealthcare taps RISR to enhance services to business clients
The RISR platform allows Wealthcare Capital Management’s advisors to identify equity value, minimise tax impacts and protect their clients against unexpected events
Auquan rolls out new Sustainability Agent for financial services
The new Sustainability Agent is designed to simplify workflows and provides near real-time alerts, allowing teams to prioritise value creation and stakeholder engagement
ClarityPay secures $1bn in capital financing from Neuberger Berman
The investment will strengthen Neuberger Berman’s asset-based lending strategy while supporting ClarityPay’s offering to merchants with customised credit solutions across physical and digital sales channels
MongoDB, Lombard Odier partner to accelerate core banking with AI
The collaboration will leverage generative AI (GenAI) technology to advance Lombard Odier’s systems and applications, by quickly migrating code, 50 to 60 times faster than previous methods
Algebrik AI, Plaid partner to simplify loan approval process
Plaid will integrate its consumer-permissioned data with Algebrik AI’s platform to simplify identity verification, improve financial data access, and enhance decision-making for both lenders and borrowers
Deniz Ventures and Rasmal Ventures invest $7.6m in TeamSec
TeamSec aims to advance its growth operations, focusing on rapid expansion in the Middle East and North Africa (MENA) region, and diversify its product and service portfolio and enhance current service offerings
Portman Ridge Finance agrees to merge with Logan Ridge Finance
LRFC will merge with an into PTMN, with PTMN as the surviving entity, which will be managed by Sierra Crest Investment Management, with total assets of over $600m, and net asset value (NAV) of around $270m