FIS made its AML Investigations Agent commercially available on October 15, 2026, to all U.S.-based financial institutions, including those that do not use FIS products. The agent runs on FIS’s private cloud infrastructure using Anthropic’s Claude models. Amalgamated Bank was the design partner and initial institution to test the product. The bank projects substantial reductions in time spent on alert reviews, deeper investigations and Suspicious Activity Report narrative preparation, but those figures are projections rather than reported results from broad deployment. FIS says the agent operates under its Trust Assured governance framework and Control Plane: AI findings must link to source records, and a human analyst must approve any alert closure. Initial launch support covers the FIS Horizon and FIS Systematics core platforms, while integration with FIS IBS is planned. The wider release gives U.S. institutions access to the product, although the research does not establish how many have adopted it.

Ramp said on October 15, 2026, that it raised $1.85 billion in primary financing at a $60 billion valuation, up 36% from the valuation attached to a $750 million round four months earlier. Dragoneer Investment Group led the new financing, with Thrive Capital, Founders Fund, Sands Capital and Avenir Growth as co-leads. Ramp reported annualized revenue above $2 billion, positive cash flow, more than 85,000 business customers and annualized transaction volume exceeding $275 billion, up 175% year over year. The spend-management company plans to invest in AI-driven financial automation and proprietary model infrastructure while expanding in the UK and continental Europe. Its existing initiatives include Router.com, an API designed to help enterprises manage generative AI costs, and acquisitions that secured UK and European payment licenses. Ramp has not disclosed how it will divide the proceeds among its priorities or set specific European launch dates. The financing follows Capital One’s acquisition of competitor Brex earlier this year.