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CIBC launches in-house AI platform enterprise-wide after successful pilot

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Team members saved an estimated 200,000+ hours during pilot phase; full rollout aimed at enabling teams to deliver more for clients

TORONTO, May 27, 2025 /CNW/ – CIBC today announced the bank-wide launch of CIBC AI (CAI), its in-house Generative AI platform, to help drive further productivity across the organization and enable team members to deliver on the bank’s client-focused strategy.

CAI launched a pilot phase in July 2024 with an initial group of team members across Canada, the US and the UK. The AI platform has saved team members an estimated 200,000+ hours during the pilot by enabling team members to automate common tasks such as summarizing documents, drafting emails, compiling research and other text-based content.

“It’s been tremendous watching the uptake of CAI across our bank and how it has helped simplify routine tasks for team members, better enabling them to focus on delivering value to our clients,” said Dave Gillespie, Executive Vice-President, Infrastructure, Architecture and Modernization, CIBC. “What sets CAI apart is its adaptability to the unique needs of each team, from writing to research and analysis or even light coding suggestions, CAI has had a positive impact across all lines of business.”

CAI is a custom-built Generative AI platform that was designed by CIBC from the ground up to support team members with a task-driven approach. It features an intuitive dashboard that allows users to easily navigate through various functionalities such as data analysis, accelerated research and preparing presentations. With the adoption of CAI, team members are able to focus their time on higher value activities.

Team members need to complete a mandatory training course in order to access CAI, which provides an understanding of CIBC’s approach to AI and data, as well as the responsible governance framework in place to guide the use of AI at the bank.

“Innovation has long been a hallmark of CIBC’s approach to meeting client needs, and we’re incredibly proud to take another exciting step forward in enhancing everyday experiences for our team members.” added Mr. Gillespie.

CIBC reinforced its commitment to responsible AI by becoming the first major Canadian bank to sign the Government of Canada’s Voluntary Code of Conduct on the Responsible Development and Management of Advanced Generative AI Systems in March. 

About CIBC
CIBC is a leading North American financial institution with 14 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets and Direct Financial Services businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/ca/media-centre.

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AiPrise Launches Token Sharing to Reduce Duplicate Compliance Checks

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AiPrise Token Sharing infrastructure enables financial institutions to securely exchange verified customer information, eliminate duplicate compliance work, and collaborate on ongoing compliance requests.

SAN JOSE, Calif., Nov. 12, 2026 /PRNewswire/ — AiPrise, an AI-powered global compliance and verification platform, today announced the launch of AiPrise Token Sharing, a new capability that lets two companies working on the same transaction securely share verified customer information. Each institution keeps full control over its own compliance requirements and decisions.

Repeat business verifications on AiPrise have increased sixfold over the past year, with some businesses verified by as many as 13 different companies over the platform’s history. The growth reflects how payments now move: a single cross-border transaction can involve an on-ramp, a payout partner and local banking providers, each with its own onboarding.

Each of those companies typically collects the same documents and runs its own Know Your Customer (KYC) and Know Your Business (KYB) checks, even when another institution has already verified the information. For compliance teams, that means duplicated work. For the business, it means slower onboarding and delayed transactions.

AiPrise Token Sharing is built to remove that duplication. Rather than sharing only a pass-or-fail verification result, it gives participating companies access to the underlying evidence, including the information provided, checks performed, sources consulted and supporting audit trail. With the verified party’s consent, receiving companies can reuse checks that meet their own requirements, request additional information where necessary and make their own compliance decisions.

alfred, BlindPay, Conduit, dLocal, KAST, Mesta, MoneyGram, nsave, Saber Money, Tazapay and Walapay are among the companies participating in the network.

Breaking Down the Compliance Silos of Global Finance

“Financial services have become deeply interconnected, but compliance is still done in isolation,” said Rushabh Shah, Co-CEO of AiPrise. “The answer isn’t asking institutions to take each other’s decisions at face value. We believe the future of compliance isn’t simply faster verification. It’s letting verified information move between institutions while each keeps its own compliance responsibilities.”

Today, when one institution passes a verification to another, compliance teams have two choices: accept the other institution’s verification as it is, or start over. AiPrise Token Sharing gives them a middle path: reuse what fits their own rules without skipping their own checks. They can reuse KYC and KYB information already collected by a partner where it meets their policy, run only the extra checks their policy requires, and raise any follow-up questions through the same token.

Unlike a one-time handoff, the token stays active for the life of the customer relationship. An institution can ask for more information or answer a request without restarting onboarding or chasing documents over email. For transactions that involve multiple financial platforms, these requests traditionally take three to five days to resolve. By letting institutions work directly through the same token, AiPrise aims to significantly reduce these delays, helping customers activate and transact sooner.

Building Compliance Infrastructure for the Global Economy

AiPrise envisions a financial system where the work behind every verification can be shared and built on across institutions, products and borders, rather than repeated with every new relationship.

Token Sharing lays the groundwork for that future, starting with transactions where institutions already work side by side.

“Businesses shouldn’t have to start from scratch every time they join a new financial platform,” said Chaitanya Sarda, CEO of AiPrise. “We know because we’ve lived it: we were KYB’d 27 times in our first six months, with each bank, payment provider and vendor asking for the same documents and checking the same registries. Verified information should be able to move with businesses as they build new financial relationships, without taking control away from the compliance teams responsible for making those decisions.”

Availability

AiPrise Token Sharing is available to AiPrise customers from today, November 12, 2026.
For more information about AiPrise Token Sharing, visit aiprise.com/features/token-sharing.

About AiPrise

AiPrise is an AI-powered global compliance and verification platform. Through a single API, companies run KYB, KYC, AML screening and document verification across 200+ countries and 500+ government and business registries. AiPrise’s AI agents analyze the results and help compliance teams decide, in minutes instead of days, whether a business or individual is safe to onboard. Leading payment companies, marketplaces, neobanks, crypto platforms and financial institutions rely on AiPrise to scale their compliance, risk and fraud operations globally. AiPrise is backed by Y Combinator and headquartered in San Jose, California. Learn more at aiprise.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/aiprise-launches-token-sharing-to-reduce-duplicate-compliance-checks-302938332.html

SOURCE AiPrise

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AiPrise Launches Token Sharing to Reduce Duplicate Compliance Checks

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AiPrise Token Sharing infrastructure enables financial institutions to securely exchange verified customer information, eliminate duplicate compliance work, and collaborate on ongoing compliance requests.

SAN JOSE, Calif., Nov. 12, 2026 /PRNewswire/ — AiPrise, an AI-powered global compliance and verification platform, today announced the launch of AiPrise Token Sharing, a new capability that lets two companies working on the same transaction securely share verified customer information. Each institution keeps full control over its own compliance requirements and decisions.

Repeat business verifications on AiPrise have increased sixfold over the past year, with some businesses verified by as many as 13 different companies over the platform’s history. The growth reflects how payments now move: a single cross-border transaction can involve an on-ramp, a payout partner and local banking providers, each with its own onboarding.

Each of those companies typically collects the same documents and runs its own Know Your Customer (KYC) and Know Your Business (KYB) checks, even when another institution has already verified the information. For compliance teams, that means duplicated work. For the business, it means slower onboarding and delayed transactions.

AiPrise Token Sharing is built to remove that duplication. Rather than sharing only a pass-or-fail verification result, it gives participating companies access to the underlying evidence, including the information provided, checks performed, sources consulted and supporting audit trail. With the verified party’s consent, receiving companies can reuse checks that meet their own requirements, request additional information where necessary and make their own compliance decisions.

alfred, BlindPay, Conduit, dLocal, KAST, Mesta, MoneyGram, nsave, Saber Money, Tazapay and Walapay are among the companies participating in the network.

Breaking Down the Compliance Silos of Global Finance

“Financial services have become deeply interconnected, but compliance is still done in isolation,” said Rushabh Shah, Co-CEO of AiPrise. “The answer isn’t asking institutions to take each other’s decisions at face value. We believe the future of compliance isn’t simply faster verification. It’s letting verified information move between institutions while each keeps its own compliance responsibilities.”

Today, when one institution passes a verification to another, compliance teams have two choices: accept the other institution’s verification as it is, or start over. AiPrise Token Sharing gives them a middle path: reuse what fits their own rules without skipping their own checks. They can reuse KYC and KYB information already collected by a partner where it meets their policy, run only the extra checks their policy requires, and raise any follow-up questions through the same token.

Unlike a one-time handoff, the token stays active for the life of the customer relationship. An institution can ask for more information or answer a request without restarting onboarding or chasing documents over email. For transactions that involve multiple financial platforms, these requests traditionally take three to five days to resolve. By letting institutions work directly through the same token, AiPrise aims to significantly reduce these delays, helping customers activate and transact sooner.

Building Compliance Infrastructure for the Global Economy

AiPrise envisions a financial system where the work behind every verification can be shared and built on across institutions, products and borders, rather than repeated with every new relationship.

Token Sharing lays the groundwork for that future, starting with transactions where institutions already work side by side.

“Businesses shouldn’t have to start from scratch every time they join a new financial platform,” said Chaitanya Sarda, CEO of AiPrise. “We know because we’ve lived it: we were KYB’d 27 times in our first six months, with each bank, payment provider and vendor asking for the same documents and checking the same registries. Verified information should be able to move with businesses as they build new financial relationships, without taking control away from the compliance teams responsible for making those decisions.”

Availability

AiPrise Token Sharing is available to AiPrise customers from today, November 12, 2026.
For more information about AiPrise Token Sharing, visit aiprise.com/features/token-sharing.

About AiPrise

AiPrise is an AI-powered global compliance and verification platform. Through a single API, companies run KYB, KYC, AML screening and document verification across 200+ countries and 500+ government and business registries. AiPrise’s AI agents analyze the results and help compliance teams decide, in minutes instead of days, whether a business or individual is safe to onboard. Leading payment companies, marketplaces, neobanks, crypto platforms and financial institutions rely on AiPrise to scale their compliance, risk and fraud operations globally. AiPrise is backed by Y Combinator and headquartered in San Jose, California. Learn more at aiprise.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/aiprise-launches-token-sharing-to-reduce-duplicate-compliance-checks-302938332.html

SOURCE AiPrise

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Positron AI Named to the Inaugural 2026 AI 100 List of Top Private AI Companies

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Recognition comes amid a period of significant momentum for Positron, following its $875 million Series C and expanding AI inference deployments

RENO, Nev., Nov. 12, 2026 /PRNewswire/ — Positron AI, the AI inference hardware company built to make generative AI dramatically cheaper and more energy-efficient, today announced it has been named to the inaugural 2026 AI 100, the definitive ranking of the top 100 private AI companies in the world, published by Newcomer in collaboration with Bessemer Venture Partners.

The inaugural AI 100 recognizes leading private companies driving innovation across the AI ecosystem. Positron’s inclusion reflects its progress in bringing purpose-built inference technology to market as growing AI adoption drives demand for more cost- and energy-efficient infrastructure.

“We’re honored to be recognized among the companies shaping the future of AI,” said Mitesh Agrawal, CEO of Positron AI. “Making AI inference profitable, scalable and accessible takes advanced technology and a business and supply chain built to serve some of the world’s largest technology companies. Positron combines deep semiconductor and systems expertise with customer-driven development and investor backing to position us for growth. I’m proud of the business we’re building as we serve customers today and develop our next generation of technology, and grateful to our team, customers, partners and investors for their support.”

Positron’s recognition follows a series of major company milestones. In September, the company announced an $875 million Series C financing at a $5 billion valuation to accelerate development of its next-generation Asimov silicon, ramp production of Titan and expand manufacturing capacity. Positron has also deployed more than 50 racks of Atlas, its first-generation inference system, at Oracle Cloud Infrastructure. Most recently, the company announced a partnership with General Compute, which is purchasing Atlas systems and has committed to adopting Titan to support next-generation AI workloads.

The inaugural AI 100 evaluated nominated companies and recognized category leaders across four factors: market leadership (35%), estimated valuation (30%), operating metrics (20%), and people & culture (15%). Only independent AI companies that have not had a majority strategic or private equity M&A transaction or a public listing were eligible. Honorees span foundation models, AI infrastructure and compute, developer tools and agents, AI apps, vertical AI, security, physical AI and robotics, and deeptech and AI for science.

“The artificial intelligence startup set plays by its own rules: there are upstarts with unprecedented revenue growth, companies profiting off of seemingly insatiable inference spending, highly valued speculative research labs, and wildly ambitious robotics companies. These AI native startups are already reshaping the global economy. With our friends at Bessemer, we rethought what matters for the AI age, bringing together the most promising startups harnessing foundation models to transform our digital and physical world,” said Eric Newcomer, founder of Newcomer.

“The AI 100 puts a spotlight on the top 100 companies driving the AI economy forward, built by a generation of founders moving at a speed and scale we’ve never seen before. We’re already seeing that exponential value creation play out across infra, AI applications, and physical AI. The remarkable part is that it’s still early: this inaugural cohort is just the starting point, a natural evolution of our decade-long Cloud 100 franchise,” said Byron Deeter, partner at Bessemer Venture Partners.

The inaugural AI 100 is published at ai100.newcomer.co, and was unveiled live onstage at the Cerebral Valley AI Summit in San Francisco.

About Positron AI
Positron AI builds hardware and software to make AI inference dramatically cheaper and more energy efficient. The company’s shipping product, Atlas, is deployed at hyperscaler scale today, and its next-generation custom silicon, Asimov, tapes out in late 2026 with production in the second half of 2027. Asimov powers Titan, a multi-terabyte-memory inference system for long-context and next-generation AI workloads. Positron’s energy-efficient architecture allows its systems to be deployed in air-cooled or liquid-cooled data centers at varying rack densities, without dependence on constrained HBM or CoWoS supply chains. Learn more at positron.ai.

About Newcomer
Newcomer is a media company covering the business of startups and venture capital, founded by independent journalist Eric Newcomer. We write a newsletter, produce a podcast, host technology summits, and more. https://www.newcomer.co/ 

About Bessemer Venture Partners
Bessemer Venture Partners helps entrepreneurs lay strong foundations from inception to build enduring companies. With more than 155 IPOs and 450-plus portfolio companies across industries, Bessemer supports founders and CEOs from seed through every stage of growth. Bessemer has backed industry-defining companies including Anthropic, Abridge, Canva, LinkedIn, Perplexity, Pinterest, RocketLab, Shopify, ServiceTitan, Toast, and Twilio, and has $20 billion of assets under management. Bessemer invests globally, with investment teams located in San Francisco, Silicon Valley, New York, Boston, London, Bangalore, and Tel Aviv. www.bvp.com 

Media Contact:
Inkhouse
press@positron.ai 

View original content to download multimedia:https://www.prnewswire.com/news-releases/positron-ai-named-to-the-inaugural-2026-ai-100-list-of-top-private-ai-companies-302938023.html

SOURCE Positron AI

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