FinTech Weekly - Stars “R” Falling - Issue #425
But it’s not St. Lawrence. Can you guess what that “R” stands for?July 20, 2023FinTech Weekly opens this number with what might appear to be gossip news — but it is not. The Hollywood strike turns the spotlight on the concerns of many workers (maybe is it just easier for that industry to make headlines?). Once again, there is a mismatch between what workers think and what business owners want: on one hand, artificial intelligence can scare people, on the other hand, it helps business owners to scale their businesses — and we’re not talking only about tech giants, but also SMEs. Should they be blamed for this? We leave it up to you. We asked you if you were able to guess what our “R” stands for … Well, it stands for “reset”. Do we need to reset our mindsets to cope with AI? Is it like for other major revolutions – we just need to adjust to innovation and accept the consequences until it will seem something natural? This number of FinTech Weekly goes through the most relevant fintech news, including what is happening to SMEs. We take into account the (alarming) attitude of Gary Gensler, not only for what concerns cryptos, but also AI (do you remember that last week we anticipated his speech at the National Press Club?). We look into what is going on with businesses and innovation, but we close the number with an interesting question: How and When Will AI Replace My Job? It might seem a pessimistic take, but we like to think of it as a realistic question. This and much more in this number of FinTech Weekly – follow us to discover fintech news and events and stay ahead of the competition! |
 CDAO Fall OctoberJoin your data & analytics peers from leading brands across North America as you discover the latest trends and challenges facing your role. |
Crypto: U.S. Senators Lummis & Gillibrand discuss new crypto bill designed to protect consumersSenators Cynthia Lummis and Kirsten Gillibrand meet Yahoo FInance anchor Rachelle Akuffo to discuss their “Lummis-Gillibrand Responsible Financial Innovation Act”: the legislation would protect users without giving up on innovation. |
Gary Gensler ‘Disappointed’ by XRP Ruling But Won’t Change StrategyGary Gensler, “as many could have guessed”, is not happy with the Ripple ruling. The federal judge said that XRP can be considered a security only when sold to institutional investors — not to retail investors. After the ruling, XRP and many other cryptocurrencies experienced a positive spike in prices and a generally positive sentiment. |
How Mastercard leans on open banking to expand its technologyDiversification is becoming a must for Mastercard, and the set of new products it’s launching proves that. Open banking is becoming a major player, and Mastercard wants a (large?) piece of the pie. |
How and When Will AI Replace My Job?Thanks to Artificial Intelligence + and Sanksshep Mahendra for this interesting question and insightful discussion on the effects of AI on jobs — taking into account several industries and sectors. It’s definitely worth your time! |
YouTrip Thailand launches fintech app to secure digital paymentsYouTrip, the multi-currency digital wallet, partnered with Thailand's fourth largest bank Kasikornbank to introduce a new authentication feature to allow users to make seamless and more secure payments. |
The SEC chief sees A.I. creating ‘conflicts of interest’ and maybe the next great financial crisis—unless we tackle ‘herding’Not only cryptos but also artificial intelligence: Gary Gensler is an AI skeptic. According to the SEC chief, AI could be the cause of the next financial crisis. Is he right this time? Or is it just the result of a not-too-much positive attitude towards innovation? One thing might scare investors and business owners: if Gensler adopts the same strategies he adopted with cryptos, the US might suffer the pressure of global competitors — and leave innovation to someone else. |
UK business owners embrace foreign workers as labour shortages rage onUK businesses would like the country to be more open to migrant workers. Why? Because there is a shortage of home-grown talent in the tech industry — and this might prevent the country from progressing. |
Jobs
 Business AnalystMobilize Financial Services is Hiring talented Business Analyst |
|
Older messages
Even Giants Cry - Issue #424
Sunday, July 16, 2023
Or cry foul. If giants protest, what could happen to SMEs in case of another round of regulatory activities? July 13, 2023 While not all of you might be interested in Bitcoin ETFs, FinTech Weekly opens
The Bad & the Good of AI - Issue #423
Thursday, July 6, 2023
Businesses don't want to renounce AI, but are we aware of all the consequences? July 06, 2023 The most interesting news covered by FinTech Weekly in this new number involves Google: the tech giant
What’s the Best Country for Tech Biz & Talent? - Issue #422
Thursday, June 29, 2023
An European city like Vilnius might be a great choice for tech talents and businesses. June 29, 2023 In this FinTech Weekly newsletter we cover a lot of news related to financial technology, AI,
Secret War Strategy - Issue #421
Thursday, June 22, 2023
There might be a secret strategy that might affect entrepreneurs and investors. June 22, 2023 There might be a secret strategy behind Gensler's decisions, but who are the losers? Investors – also
SEC Shake-Up: GOP vs. Gensler - Issue #420
Tuesday, June 20, 2023
GOP lawyers vs. Gary Gensler for a “long series of abuses”. Will fintech (and crypto) recover? June 15, 2023 A week full of news in the fintech space. Republicans accused Gary Gensler of a series of
You Might Also Like
🇨🇳 The US is out, China is in
Tuesday, March 11, 2025
Citigroup's forecast for US and Chinese stocks, Lego stacked bricks, and Boeing's investigation | Finimize Hi Reader, here's what you need to know for March 12th in 3:10 minutes. Citigroup
The Under-the-Radar Threat to Your Retirement
Tuesday, March 11, 2025
Nearly half of older adults are burdened by bad debt ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
15 Years Since We Bought Our Toxic Asset
Tuesday, March 11, 2025
In a new Planet Money plus episode, former Planet Money hosts David Kestenbaum and Chana Joffe-Walt look back at a pioneering series that sought to explain a major source of the 2008 financial crisis.
👋 Investors ditched the S&P 500
Monday, March 10, 2025
The US president didn't rule out a recession, but TSMC eased some of investors' other worries | Finimize Hi Reader, here's what you need to know for March 11th in 3:07 minutes. TSMC's
💳 Find a new credit card
Monday, March 10, 2025
Let's get those rewards ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Text and Telos
Monday, March 10, 2025
Plus! Diff Jobs; Scaling; Retail Investors; Comparative Advantage; Transaction Costs and Corporate Structure; DeepSeek Governance Text and Telos By Byrne Hobart • 10 Mar 2025 View in browser View in
Longreads + Open Thread
Saturday, March 8, 2025
Personal Essays, Lies, Popes, GPT-4.5, Banks, Buy-and-Hold, Advanced Portfolio Management, Trade, Karp Longreads + Open Thread By Byrne Hobart • 8 Mar 2025 View in browser View in browser Longreads
💸 A $24 billion grocery haul
Friday, March 7, 2025
Walgreens landed in a shopping basket, crypto investors felt pranked by the president, and a burger made of skin | Finimize Hi Reader, here's what you need to know for March 8th in 3:11 minutes.
The financial toll of a divorce can be devastating
Friday, March 7, 2025
Here are some options to get back on track ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Too Big To Fail?
Friday, March 7, 2025
Revisiting Millennium and Multi-Manager Hedge Funds ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏