Maximum emerged from stealth Monday (Aug. 3) and said it raised $30 million in a seed round to build an artificial intelligence (AI)-native operating system for banks. Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. At the time of the acquisitions, PYMNTS described Vault as a developer of retirement fund investment services, and Power as a card management platform. “The advancement of AI is creating a paradigm shift in financial services, and banks can’t keep pace by relying on legacy providers,” Fernando said in the release. The PYMNTS Intelligence report “Financial Services Pull Ahead in the Enterprise AI Race” found that financial services firms are “going all in on AI” and have deeply embedded the technology into tasks such as revenue recognition, credit scoring and sales forecasting.