The Monday Roundup: what we are watching this week | June 15th

By Puja Sharma

The Monday Roundup sets the scene for the week’s biggest news stories, industry deals, and upcoming events. For Prime subscribers only.

Claude for code modernisation

DXC Technology has announced a multi-year global alliance with Anthropic to bring Claude into mission-critical enterprise systems, expanding the use of generative AI across industries including banking, insurance, aviation, manufacturing and government.

Under the agreement, DXC has become a Global Premier partner in the Claude Partner Network and has committed to developing industry-specific AI offerings. The companies have also established plans to train a dedicated workforce of Claude-certified engineers to support AI deployment within customer environments.

DXC has already used Claude in its own operations, including as the primary development tool behind DXC OASIS, the company’s AI-native orchestration platform for managed services. The platform has been deployed across more than 50 customers and has used Claude as its default foundation model for agentic workflows.

The partnership has focused initially on insurance, cybersecurity and application services. DXC has also outlined plans to use Claude for code modernisation, security operations and enterprise application management, while a new workforce of certified engineers has been established to support AI adoption in complex operational environments.

Nesto, a Montreal-based digital mortgage lender, has raised CAD 302 million ($216 million) in its Series E funding round, pushing its valuation to CAD 1.47 billion and earning unicorn status. The round included both primary and secondary capital, with participation from new investors such as La Caisse, Fidelity Investments Canada ULC, PICTON Investments, and Endeavor Catalyst, alongside existing backers like Portage, Diagram, Fonds de solidarité FTQ, Fondaction, and National Bank of Canada’s NAventures. This milestone highlights strong investor confidence in Nesto’s profitability and growth trajectory, especially as it continues to expand its reach in the Canadian FinTech sector.

The funding will accelerate the rollout of Nesto’s AI-powered Maestro platform, designed to streamline mortgage operations and financial workflows for institutions. Nesto already manages CAD 80 billion in mortgages under administration and has originated CAD 37 billion this year alone. Following its acquisition of CMLS Group in 2024, the company is now positioned to broaden its enterprise software offerings and deepen its role in modernising financial services through automation and AI innovation.

Expand accessibility across banking channels

Nuvama Wealth Management has received final approval from the Securities and Exchange Board of India (SEBI) to launch its mutual fund business, marking a significant expansion of the company’s integrated wealth and asset management platform.

The mutual fund operations have been established through Nuvama Asset Management Limited, a wholly owned subsidiary of Nuvama Wealth Management. The company has said it will initially focus on products under SEBI’s Specialised Investment Fund (SIF) framework before gradually expanding its product suite.

The approval has strengthened Nuvama’s presence across the investment and wealth management ecosystem as the company continues to broaden its range of offerings for retail, affluent and high-net-worth investors. Nuvama has stated that the new business will complement its existing wealth management, asset management and capital markets operations.

According to the company, the launch forms part of its strategy to build a scaled and diversified asset management franchise in India’s growing investment market. The move has come as investor participation in mutual funds continues to increase, supported by rising awareness of long-term investing and greater adoption of systematic investment plans.

Digital banking solutions provider Clayfin has acquired voice technology platform Louie Voice as part of its strategy to enhance AI-driven customer experiences and expand accessibility across banking channels.

The acquisition has strengthened Clayfin’s Cognitive Banking platform by adding advanced voice AI capabilities that enable users to perform banking transactions and interact with digital services using natural voice commands. The company said the move aligns with its vision of creating more intuitive and inclusive banking experiences for financial institutions and their customers. According to Clayfin, Louie Voice has allowed users to navigate applications and complete transactions through voice interactions across mobile and web platforms. The technology has supported 11 Indian and 40 global languages, enabling banks to serve diverse customer segments while reducing barriers associated with traditional digital interfaces.

Clayfin has stated that integrating Louie Voice into its platform will help financial institutions deliver more personalised and accessible customer journeys while improving digital engagement. The company added that the acquisition further strengthens its position in the growing market for AI-enabled banking solutions.

What is the Buzz

Huawei Cloud is strengthening Egypt’s FinTech ecosystem by introducing secure cloud infrastructure and advanced AI innovations, aiming to boost digital transformation and financial inclusion across the country. The initiative focuses on providing scalable, secure, and intelligent solutions tailored to FinTech companies, banks, and startups.

Huawei Cloud’s latest push in Egypt emphasises secure cloud services designed to protect sensitive financial data while enabling FinTech firms to scale efficiently. By integrating AI-powered tools, the company is helping financial institutions automate processes, enhance fraud detection, and deliver personalised customer experiences. This move aligns with Egypt’s broader digital transformation agenda, supporting the government’s efforts to expand financial inclusion and modernise the financial sector.

Additionally, Huawei Cloud is collaborating with local partners to nurture FinTech innovation, offering cloud-native platforms that reduce operational costs and accelerate product development. The introduction of AI-driven solutions is expected to empower startups and established players alike, fostering a more resilient and competitive FinTech ecosystem. By combining global expertise with local partnerships, Huawei Cloud is positioning itself as a key enabler of Egypt’s FinTech growth, ensuring that businesses can innovate securely and sustainably.