FinTech Weekly - Will AI Replace Humans? - Issue #413

From the opinions of CEOs and researchers, it’s very likely that it will happen – also in finance.

April 27, 2023

From human replacement to a top player in the next wave of tech developments and revolutions, artificial intelligence – AI – makes headlines mainly for two reasons: it’s considered dangerous, but also too useful. In the meantime, it’s the right time for fintech firms and startups that want to thrive to bet on human capital. It might seem a contradiction, but this sometimes happens with revolutions: stay tuned with FinTech Weekly, the website that allows you to discover fintech news, insights and fintech companies!

What could go wrong with Elon Musk's AI? Well, everyone could die
What could go wrong with Elon Musk's AI? Well, everyone could die
— via The Telegraph

While tech giants increasingly invest in AI, there are also increasing concerns about how far it can go. One of the last interviews to Elon Musk doesn’t bode well for the future of humanity: he, along with researchers and other top CEOs, do not really know what would happen if AI becomes more intelligent than humans.

Fintech World Forum 2023 and Impact Investing Conference 2023
Fintech World Forum 2023 and Impact Investing Conference 2023
— via Fintech World Forum

FinTech World Forum 2023 is based in London UK Europe as one of the leading fintech events 2023 for the global financial services, finance, and banking technology industry. Its focuses on Mobile Payments, Lending, Insurance, Blockchain, Bitcoin, Investment, Money, Crypto, Cryptocurrency, Digital, Innovation, Wallet, Pensions, Funds, Payment, Tech, Financial Services, Technology, Bank, Wealth Management, Insurtech, Regtech, and Wealthtech.

Future Branches in Boston
Future Branches in Boston
— via WBR Event

What is your branch doing to exceed their expectations and meet the needs of other generations as well? Future Branches is two days of action-packed stories, conversations and connections with the top minds in retail banking. We will explore how leading financial institutions are revamping retail banking technology, retooling front line associates, and creating the branch and retail banking experience of the future. You’ll get actionable strategies to provide personalized high touch experiences for today’s customers. This is THE meeting place to benchmark against the best of the best in financial services.

Fintech has ‘great growth opportunity’ in London — but UK is failing to attract listings: City boss
— via CNBC

In the meantime in the UK, the attempts to become a fintech hub still don’t produce the expected results. The Deputy Chairman of the Policy Committee of the City of London, Chris Hayward, discusses the challenges faced, as well as fintech opportunities.

Russia Launching Payment System With 'No Restrictions' — Digital Currencies to Be Completely Unrestricted
— via Bitcoin.com

Russia is finally totally benefiting from digital currencies to mitigate the effects of sanctions. Anton Siluanov, Russian Finance Minister, announced the launch of a new payment system where digital currencies will be totally unrestricted – also, obviously, for cross-border payments.

Europe’s banks temper ambitions to challenge big US payments groups
— via Financial Times

The European Payment Initiative (EPI), acquired Currence Ideal and Payconiq, but it now has to lower its ambitions. Born with the intention to allow instant payments in Europe, the initiative was realized by over 30 European banks that want to compete with top payment companies like Visa and Mastercard.

Dreams of replacing humans in finance may come true
— via The Japan Times

AI in finance: can artificial intelligence replace people in Wall Street? According to two studies, it looks like it is possible that ChatGPT – or similar models – can replace humans in finance.

Three Things To Keep In Mind When Hiring Amidst Ongoing Tech Layoffs
— via Forbes

With the surge of tech layoffs, there’s also a surge in opportunities for fintech companies and startups: they can now find tech talents, and choose them from a larger pool. Laid off talents have been looking for a new job for three months, on average, before finding a new role. Fintech companies should rethink their compensation strategies and consider that now, time is key.

What’s Likely to Brew in Fintech Market in 2023?
— via FinTech Weekly

Artificial intelligence, along with blockchain, was included in our list of the fintech trends for 2023. Discover how different technologies have already revolutionized finance and how they can continue to change the economic and financial system.

Jobs

Junior Relationship Manager
Junior Relationship Manager
— via Swift

In line with the Commercial strategy/Operating/Regional plans to develop and manage medium sized/complex infrastructures/parts of sales programmes/initiatives/long term relationships with medium sized accounts in order to meet customer requirements and to achieve targeted sales, revenue growth and traffic development.

Fintech Founder, Treasury Management
Fintech Founder, Treasury Management
— via Forum Ventures

We are seeking a Founder/CEO to launch and run one of our next companies in treasury management, starting with building cash management products for mid-market customers.

Professor of FinTech
Professor of FinTech
— via The University of Salford

Applications are invited from experts who can lead our research in FinTech and its cross-disciplinary application. We are keen to find someone who can inspire the next generation of FinTech researchers and business leaders.







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Older messages

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