Industry News

Enhancing WealthTech efficiency: ByAllAccounts unlocks seamless financial data access

Enhancing WealthTech efficiency: ByAllAccounts unlocks seamless financial data access

The wealth management industry is increasingly adopting specialized technology solutions to stay competitive, choosing top-tier systems that optimize the entire ecosystem. This trend necessitates straightforward,...
How KidbrookeONE is redefining financial planning with advanced analytics

How KidbrookeONE is redefining financial planning with advanced analytics

In a recent interview, Fredrik Daveus, CEO of Kidbrooke, discussed the launch of KidbrookeONE, a transformative platform in wealth and asset management analytics.

CFPB fines VyStar Credit Union $1.5m for botched banking system update

VyStar Credit Union has been fined $1.5m by the CFPB following a problematic rollout of its online banking system, which impacted member access and financial operations.

The role of AI agents in sanctions and adverse media screening

Sanctions screening and adverse media screening are critical components of the risk management strategies employed by banks and other financial institutions. These processes are...
ECB

ECB’s call to innovate: Stakeholders invited to shape the Digital Euro’s future

In a leap towards modernizing the European payment landscape, the ECB has announced a new initiative to explore the possibilities of a digital euro.
WWF

Toolkit launched by WWF to tackle financial crimes in environmental sectors

WWF has collaborated with Themis, a financial crime software company, to launch a pivotal Environmental Crime Financial Toolkit.
Previsico expands AI flood forecasting to Ireland, enhancing insurer resilience to climate change

Previsico expands AI flood forecasting to Ireland, enhancing insurer resilience to climate change

Previsico has unveiled its innovative live flood forecasting service in the Republic of Ireland.
Root Inc refinances $200m term loan facility with BlackRock to boost financial flexibility

Root Inc refinances $200m term loan facility with BlackRock to boost financial flexibility

Root, the Columbus, Ohio-based parent company of Root Insurance Company, has announced a successful refinancing of its term loan facility.
Starling

Starling Bank unveils new in-app tool to tackle bank impersonation scams

Starling Bank, a leader in the UK's FinTech sector, has introduced a pioneering feature within its app to enhance security and customer confidence. Known for...
budget

Reactions to the Autumn Budget from the financial sector

The UK’s new Labour government has released its first budget and has been received to a mixture of praise and cynicism.

News Stories

Allvue Systems launches innovative fund administration suite to revolutionise fund management

Allvue Systems launches innovative fund administration suite to revolutionise fund management

Allvue Systems, a distinguished provider in technology for alternative asset managers and fund administrators, recently introduced Fund Administration Essentials.
BlueFlame AI unveils AI-powered DDQ Manager for enhanced investment decision-making

BlueFlame AI unveils AI-powered DDQ Manager for enhanced investment decision-making

BlueFlame AI, a generative artificial intelligence solutions provider, has introduced its latest innovation, the DDQ Manager, aimed at transforming operations within the alternative investment management sector.
A strong week for FinTech funding saw $898.125m raised over a period that was headlined by a mammoth $200m tranche from Armis. 

$200m Armis Series D headlines this week’s FinTech funding rounds

A strong week for FinTech funding saw $898.125m raised over a period that was headlined by a mammoth $200m tranche from Armis.  The mammoth Series...
BlueFlame AI, a leading provider of generative artificial intelligence (Gen AI) solutions for the alternative investment management industry, today announced the launch of its DDQ Manager, a generative AI-powered solution designed to transform the way Alternative Investment Managers handle Due Diligence Questionnaires (DDQs) and Requests for Proposals (RFPs). The BlueFlame AI DDQ Manager eases the time and resource burden of managing and responding to information requests by streamlining the entire process from end to end, from auto-generating responses to reviewing and approving questions, to exporting completed content for formatting. The solution significantly reduces completion time, increases accuracy, and ensures consistency across communications. Library management is dramatically simplified using advanced AI, saving hours of overhead. This gives alternative investment managers a competitive edge in responding to information requests and allows teams to focus on high-value decision making. Key features of the BlueFlame DDQ Manager include: Intelligent AI document processing for automated question extraction Automatic use of pre-approved content verbatim to avoid IR and compliance re-review, with AI-driven automated response generation when no pre-approved content exists AI driven chat to help format, cleanup, and pull answers from 3rd party sources, such as email, CRMs, outside files, or portfolio accounting tools Flexible question assignment, review, and approval workflows with permissions-based access to source content for easier collaboration Export of completed DDQs and RFPs into Microsoft Word or Excel source files or firm templates to ensure formatting and brand consistency Support for proprietary and industry-standard questionnaires (e.g., AIMA, ILPA) Support for attachments in responses Integration with third-party systems for comprehensive information access "Alternative Investment Managers have long grappled with the time-consuming and resource-intensive nature of DDQs, often struggling with inconsistent responses, outdated information, and the sheer volume of requests," said Raj Bakhru, CEO at BlueFlame AI. "Our AI-powered DDQ Manager addresses these challenges head-on. Using AI in the DDQ process enables managers to efficiently address questions, compare previous answers, and generate responses based on new information. By harnessing the power of AI, we're enabling firms to respond to information requests faster, more accurately, and with greater consistency than ever before, freeing up valuable time for strategic activities and giving them a competitive edge in the market." “Through our extensive testing and our own use of the technology internally we were able to complete our DDQ’s in 25% of the time, saving an average of 6 hours per DDQ,” said James Tedman, Head of Information Security at BlueFlame AI. “We expect clients, many of whom have more onerous requests, to see similar results.” BlueFlame AI’s DDQ Manager is available to existing clients and the company is offering personalized demos to interested firms. For more information about DDQ Manager or to schedule a demo, please visit www.blueflame.ai. ‍About BlueFlame AI Founded in 2023, BlueFlame AI offers an AI-native, purpose-built, LLM-agnostic platform for Alternative Investment Managers. Our team, with deep roots in alternative investments, combines expertise in deal-making, development, cybersecurity, and financial services. BlueFlame AI offers comprehensive enterprise search, intelligent document processing, and no-code automation. We excel in semantic search, structuring unstructured data, interfacing with third-party systems, and automating data aggregation and document generation through our Blueprints feature. Uniquely positioned to address AI adoption challenges in financial services, BlueFlame AI transforms how alternative investment managers handle data and automate processes. Learn more at www.blueflame.ai.

Agent IQ and Narmi forge strategic partnership to revolutionise digital banking

Agent IQ and Narmi announce a strategic partnership to enhance digital banking solutions, offering advanced AI-driven experiences to community banks and credit unions.
Stanbic Bank and Mastercard unveil new elite credit cards with premium travel perks

Stanbic Bank and Mastercard unveil new elite credit cards with premium travel perks

Stanbic Bank Kenya and Mastercard have recently formed a partnership to cater to the affluent segment of their clientele.

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