Tech & Software · Week of Oct 26, 2026
AI reaches banking, OCR and eCommerce: the week in tech releases
AI showed up across finance, document processing and eCommerce, alongside acquisitions and quarterly results from Coveo, Mastech and FF EAI Robotics.
AI was applied to a wide range of business functions this week. Mumtalakat and ARP Group said they are partnering to establish an AI-native, blockchain enabled wholesale bank in Bahrain. ModelBest and OpenBMB open-sourced the MiniCPM-OCR document parsing and quality-assessment models. Coveo announced the acquisition of Anglera, which it describes as an agentic product data enrichment engine for AI-powered eCommerce.
Deals and results made up the rest of the week. FF EAI Robotics Ecosystem completed its acquisition of Faraday Future's robotics business. TROOPS signed a term sheet with Young Platform on digital asset exchange infrastructure. Coveo and Mastech Digital reported quarterly results, and Mastech cited Data & AI momentum. In hardware, SCANOLOGY introduced AirGO Pad, a tablet platform for on-site 3D scanning and inspection.
Bahrain EDB
On the Sidelines of Gateway Gulf 2026: Mumtalakat and ARP Group partner to establish an AI native wholesale bank in Bahrain
Bahrain Mumtalakat Holding Company and ARP Group announced on Nov. 1, 2026 a partnership to establish an AI-native, blockchain enabled wholesale bank headquartered in Bahrain, serving regulated financial institutions, payment companies and cross-border businesses through API connections. The venture has in-principle approval from the Central Bank of Bahrain and will begin regulated activities only after receiving final authorisation.
ModelBest
ModelBest and OpenBMB Open-Source MiniCPM-OCR Series, Delivering High-Performance Document Parsing and AI-Powered Quality Control
ModelBest and OpenBMB released MiniCPM-OCR 1.0 (1.3B), a document parsing model, and MiniCPM-OCR Jev (2B), which assigns confidence scores to OCR output, on GitHub, Hugging Face and ModelScope. The companies say the models support vLLM, SGLang, llama.cpp and Ollama, have Day-0 hardware adaptation for AMD, Arm, Houmo AI, Intel and NVIDIA, and that Jev can be added to existing OCR workflows without replacing the OCR engine.
SCANOLOGY
SCANOLOGY Introduces AirGO Pad for On-Site 3D Scanning, Inspection and Reporting
SCANOLOGY announced AirGO Pad, a tablet-based platform that works with its compatible wireless 3D scanners to handle scanning, measurement, inspection and report generation on-site without a separate laptop. The release does not state pricing or an availability date.
Coveo Solutions Inc.
Coveo Reports Second Quarter Fiscal 2027 Financial Results
Coveo reported SaaS subscription revenue of $39.1 million for its second quarter of fiscal 2027. The company also reported record new business bookings, including two seven-figure per year transactions, and announced the acquisition of Anglera.
Mastech Digital, Inc.
Mastech Reports Third Quarter 2026 Results
Mastech Digital (NYSE American: MHH) reported its third quarter 2026 results on Oct. 30, 2026. The company says it posted a second consecutive quarter of sequential revenue growth, led by its Data & AI business.
Coveo Solutions Inc.
Coveo Acquires Anglera to Make Product Data a Competitive Advantage in AI-Powered eCommerce
Coveo is acquiring Anglera and will combine Anglera's agentic product data enrichment engine with its own platform. Coveo says the deal is meant to help manufacturers, distributors and enterprise retailers make products easier to find, compare and buy, both on their own sites and through AI-powered shopping assistants.
FF EAI Robotics Ecosystem Inc.
FF EAI Robotics Ecosystem Completed its Acquisition of the Robotics Business of Faraday Future, Establish Nasdaq-Listed Humanoid and Bionic Robotics Platform
FF EAI Robotics Ecosystem completed its acquisition of Faraday Future's robotics business, establishing a Nasdaq-listed humanoid and bionic robotics platform. FFR says it expects October 2026 robot sales and shipments to exceed 300 units, bringing cumulative shipments to more than 1,100 units at a positive unit gross margin.
TROOPS
TROOPS, Inc. (NASDAQ: TROO) Announces Strategic Term Sheet with Young Platform to Accelerate Development of Digital Asset Exchange Infrastructure
TROOPS, Inc. (NASDAQ: TROO) entered into a term sheet with Young Platform S.p.A., which TROOPS describes as a European digital asset technology provider. TROOPS says the arrangement is designed to accelerate development of digital asset exchange infrastructure.
This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not ProBand App reporting.