Finster AI Raises $15M to Expand AI Financial Services in London and New York

Two fintech firms have recently secured $15 million in funding rounds to advance AI-driven solutions tailored for the financial sector. London-based Saturn raised £15 million to develop AI tools that reduce the cost of financial advice from £2,000 to £200 per client annually by automating administrative and compliance tasks, thereby enabling advisers to serve more clients efficiently. Meanwhile, Finster AI, also London-based, focuses on serving investment banks and asset managers by providing a secure, enterprise-grade AI platform that supports tasks such as drafting investment memos and market research, ensuring compliance and avoiding AI hallucinations. Finster AI's funding will support expansion into New York, growth of its London headquarters, and strengthening leadership and partnerships, with notable appointments from top financial institutions. Both companies highlight AI's potential to make financial services more accessible and efficient while maintaining high standards of accuracy and governance. These developments reflect ongoing efforts to bridge the financial advice gap and enhance workflow automation in asset management and investment banking.