Investor Caution Persists Despite Growing AI Adoption in Finance
A new report from InvestorsObserver suggests a significant demographic of experienced investors remains wary of fully trusting Artificial Intelligence (AI) for financial decisions, despite rapid advancements in digital tools. A survey of over 1,000 U.S. internet users aged 35 to 60 found that a notable 19% do not trust AI with any financial task, and […]
Regulator Crackdown: Financial Institutions Face Major Consequences for FATCA and CRS Errors
Financial institutions are under unprecedented pressure over their FATCA and CRS reporting, as regulators drastically narrow the margin for error. Treating compliance as a year-end administrative task is now a major strategic weakness, leading to escalating consequences that affect the institution and its clients. The risks are severe, beginning with reputational harm. Misreporting signals critical weaknesses […]
AI Chart Analysis Launch for Traders
Investing.com, a major provider of financial news and data, has introduced a new AI chart analysis capability powered by its in-house Vision AI engine. This addition aims to significantly streamline the evaluation process for active traders, turning hours of manual chart analysis into short, actionable trading plans. The new tool leverages the Vision AI engine […]
BITE Data Raises $3 Million to Automate Global Trade Compliance with AI
Leesburg, VA — BITE Data, an AI-native SaaS start-up focused on streamlining global trade compliance, has raised $3 million to accelerate the development of its automation tools for importers and exporters. The funding includes a $2.5 million Series Seed round led by Las Olas Venture Capital (LOVC), joined by New Dominion Angels, Blue Impact Venture […]
Luxembourg’s Banque Raiffeisen Embraces Digital Transformation with nCino
Banque Raiffeisen, one of Luxembourg’s oldest and most trusted cooperative banks, established in 1926, is undergoing a major digital transformation by partnering with nCino, a global leader in cloud banking solutions. This move signals the bank’s transition from decades of paper-heavy, manual workflows to a streamlined, modern, and compliant digital credit operation. The Challenge: Ditching […]
Bitcoin Smashes $125,000 Barrier Amid US Economic Instability
Bitcoin, the world’s most popular cryptocurrency, has achieved a historic milestone, soaring past the $125,000 mark per coin, according to reports from Business Insider Polska, citing Bloomberg. This new all-time high surpasses the previous record set on August 14th. Analysts are attributing this significant surge primarily to the US shutdown, which has injected instability into […]
Deloitte Fined $290,000 for Submitting AI-Generated Report
An Australian court has fined audit and consultancy firm Deloitte and ordered it to refund the review fee it paid for submitting an AI-generated report to a government agency. The Department of Employment and Labor Relations (DEWR) said the Deloitte report contained a number of inaccuracies, including missing academic research sources and citations. The Department […]
Gold ETFs Experience Historic Surge in September
Gold exchange-traded funds (ETFs) witnessed an unprecedented increase in holdings during September 2025, according to a recent report by the World Gold Council (WGC). The global value of gold held within these funds soared by a record-breaking $17.3 billion, equating to a substantial 145.6 tonnes of gold. This monumental rise underscores a renewed investor confidence […]
Wealth Management Transformed by Digital Disruption
The wealth management industry is rapidly evolving as digital disruption forces firms to rethink service delivery and client trust-building strategies. IntellectAI warns that failing to embrace this transformation risks falling behind as technology reshapes the sector. At the heart of the shift are four key principles: personalising client solutions, automating processes for efficiency, improving customer […]
Numeral Secures $35M in Series B to Revolutionize Sales Tax Compliance with AI
Numeral, an AI-powered platform simplifying sales tax compliance for e-commerce and SaaS companies, has successfully raised $35 million in a Series B funding round. Led by Mayfield, with participation from Benchmark, Uncork Capital, Y Combinator, and Mantis, this latest investment brings Numeral’s total capital raised to $57 million. Founded in 2023 by former Stripe and […]
