FinTech Weekly - Visionary Valuations - Issue #464

header image

From AI enhancements to fintech revolutions, uncover the potential of next-generation financial technologies.

April 18, 2024

FinTech Weekly cuts through the noise to bring you insights on how artificial intelligence is not just supplementing but spearheading transformations within the financial sector. As AI forges new efficiencies and business models, from Tokyo to the UAE, we consider the strategic moves by pioneering companies like OpenAI and Microex that are setting the stage for a future where finance is seamlessly integrated with cutting-edge technologies. This edition ponders the profound impacts that AI-driven platforms and tools have on market valuations, customer interactions, and global financial strategies, marking a pivotal moment in financial technology evolution. This and much more in this number of FinTech Weekly: discover top fintech news and events and stay ahead of competition!

OpenAI opens its first Asia office in Japan as a ‘first step’ in its commitment to the region
OpenAI opens its first Asia office in Japan as a ‘first step’ in its commitment to the region
— via CNBC

OpenAI has established its inaugural Asian office in Tokyo, marking a significant step in its international expansion. CEO Sam Altman highlighted the synergy between Japan's technological prowess and OpenAI's mission, noting that AI can enhance creativity and productivity across various industries. Tadao Nagasaki has been appointed as the president of OpenAI Japan to lead commercial activities and market engagement. Tokyo was selected for its technological leadership, commitment to service, and innovative community.

Artificial intelligence can help people feel heard, new USC study finds
Artificial intelligence can help people feel heard, new USC study finds
— via USC Today

A recent study in the Proceedings of the National Academy of Sciences suggests that AI-generated messages can make individuals feel more heard compared to those crafted by untrained humans, due to AI's superior emotion detection capabilities. However, this perception diminishes once recipients realize the messages are AI-generated. This research, conducted by Yidan Yin, Nan Jia, and Cheryl J. Wakslak from USC's Marshall School of Business, explores AI’s potential to meet psychological needs in an era where empathetic human connections are dwindling. It questions whether AI, despite lacking human consciousness, can effectively make people feel understood.

FIBE Fintech Berlin 2024
FIBE Fintech Berlin 2024
— via Messe Berlin GmbH

Seeking dynamic speakers spanning fintech, banking, science, and tech? Craving to broaden your network across the fintech ecosystem? Look no further than Berlin's premier fintech festival, FIBE,, your ultimate destination this spring!

In-App Payments: Enhancing User Experience and Convenience
— via Payine

The landscape of in-app payments is rapidly evolving, with AI and blockchain technologies poised to significantly enhance their functionality. AI is set to personalize shopping experiences and bolster security, whereas blockchain offers promises of heightened transparency and robust fraud prevention. As the digital economy expands, in-app payments are increasingly becoming essential for businesses to meet the modern consumer's demands. Embracing these technologies not only streamlines transactions but also underscores a business's dedication to innovation and customer satisfaction.

aelf to Integrate AI and Blockchain in Iconic Tech Move
— via Coinspeaker

aelf, a leading blockchain network based in Singapore, is poised to redefine the technological landscape with its strategic shift towards incorporating Artificial Intelligence (AI) into its system. This pivot is part of a broader initiative, supported by a newly announced $50 million ecosystem fund aimed at fostering the AI transformation. This shift marks a significant transition for aelf from a decentralized network to a more dynamic AI-powered network. The integration of advanced AI models and agents is expected to enhance the blockchain's functionalities and dramatically improve user experiences.

MENA’s banking and finance sector embraces the digital tide
— via Economy Middle East

Technology is reshaping banking and finance in the Middle East, driven by a youthful population, high mobile usage, and government initiatives toward economic diversification. According to a McKinsey report, the region's fintech revenue is projected to rise from $1.5 billion in 2022 to between $3.5 and $4.5 billion by 2025. The surge in financial technology is supported by rapid startup valuations, with potential fintech unicorns emerging by 2025. Additionally, the COVID-19 pandemic has accelerated a shift towards non-cash payments, with the UAE seeing an increase from 39 percent in 2018 to 73 percent in 2023, as reported by the International Monetary Fund.

Microex Launches Web3.0 Financial Trading Solution - Pioneering Innovation in Financial Technology
— via Street Insider

Microex, a financial technology company based in the UAE, announced today the launch of its new Web3.0 financial trading platform, marking a significant advancement in the fintech industry. Founded in August 2022, Microex has focused on transforming derivative trading by harnessing Web3 technology. The platform features mini-contracts, AI-driven smart trading bots, and advanced security measures, positioning Microex as a key player in the global financial market.

Artificial Intelligence (AI) in Fintech Market is expected to reach a revenue of USD 70.1 Bn by 2033, at 17.0% CAGR: Insights by Dimension Market Research
— via Yahoo! Finance

The Artificial Intelligence (AI) market within the fintech sector is projected to grow from USD 17.0 billion in 2024 to USD 70.1 billion by 2033, boasting a compound annual growth rate (CAGR) of 17.0%. AI's integration into fintech is revolutionizing how financial services are automated, particularly in fraud detection. The technology is increasingly employed to streamline operations, such as in the insurance sector where generative AI accesses data to produce relevant content. Fintech companies are leveraging AI technologies like machine learning and big data analytics to enhance their data analysis capabilities, significantly improving computational and data processing efficiencies.

How Artificial Intelligence Technology Affects Fintech Companies & The Financial Industry
— via LHN

The fintech sector is rapidly evolving, driven by new technologies and innovative approaches, with artificial intelligence (AI) at the forefront of this transformation. AI is proving to be a game changer in finance, offering substantial benefits such as cost reduction, optimized financial management, and enhanced profitability. The deployment of AI in financial technology has seen significant growth in recent years. As a result, the global market for AI in fintech is projected to reach $25.8 billion by 2028. The impact of AI on the financial sector underscores its potential to fundamentally alter the landscape of fintech, demonstrating the profound changes AI brings to financial services.


Consultant (any level) – Digital Banking – Business Analysis / Project Management
Consultant (any level) – Digital Banking – Business Analysis / Project Management
— via CGI

You have talent. We are an international network of 90,000 employees who share their knowledge, experience and ideas. You are looking for a challenging, exciting job.

Director Business Compliance
Director Business Compliance
— via Discover

Responsible for overseeing team of compliance advisors that provide compliance guidance and related services to the business.

Head of Corporate Business Development
Head of Corporate Business Development
— via Qonto

Our mission? Making day-to-day banking easier for SMEs and freelancers thanks to an online business account that's combined with invoicing, bookkeeping and spend management tools.

This email was sent to you
why did I get this?    unsubscribe from this list    update subscription preferences
FinTech Weekly c/o Tipping Point UG · An der Bottmühle 5 · Köln 50678 · Germany

Older messages

Disrupt? Evolve! - Issue #463

Saturday, April 13, 2024

A peek into how fintech's evolution is challenging norms and setting new benchmarks. April 11, 2024 FinTech Weekly dives into the heart of financial technology's evolutionary disruption,

Cashless Chronicles? - Issue #461

Friday, March 29, 2024

The digital finance era unfolds, charting new paths for global economies. March 29, 2024 FinTech Weekly presents a panorama where each thread weaves into the broader narrative of digital finance's

Tech Tides Turning - Issue #460

Thursday, March 21, 2024

Waves of change crash onto fintech shores, bringing AI marvels and digital transformation. March 21, 2024 In this edition of FinTech Weekly, we've selected stories that spotlight the critical need

Fintech: Progress or Peril? - Issue #459

Friday, March 15, 2024

The fintech paradox: a world where revolutionary potential coexists with the need for cautious optimism. March 14, 2024 In this edition of FinTech Weekly, we explore the paradoxes shaping our financial

Disrupting Dollars AI’s Charge - Issue #458

Thursday, March 7, 2024

Witness the financial revolution: AI is the new banker, innovator, and disruptor. March 07, 2024 FinTech Weekly embarks on a visionary journey this issue, delving deep into the heart of financial

You Might Also Like

Big stock selloff

Wednesday, July 24, 2024

Bloomberg Evening Briefing View in browser Bloomberg A steep selloff in high-flying technology stocks sent the S&P 500 Index down to its worst day since December 2022. The US equities benchmark

👛 Chinese consumers cut back

Wednesday, July 24, 2024

Chinese demand for luxury goods falters, the UK economy is on the up, and a hydrogen-powered air taxi | Finimize TOGETHER WITH Hi Reader, here's what you need to know for July 25th in 3:09 minutes.

Issue #248: Do Trump and Harris really need my measly $2?

Wednesday, July 24, 2024

plus Brisket + a snowboarding cat ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Harry's Take 7-24-24 S&P 500 Outperforms Expected Returns

Wednesday, July 24, 2024

image Harry's Take July 24, 2024 Another Simple Indicator Shows We Are Way Overdue for a Stock Crash All types of indicators of excessive valuation for stocks have been flashing for a good while

Harris on the attack

Tuesday, July 23, 2024

Bloomberg Evening Briefing View in browser Bloomberg As US President Joe Biden announced he would address the nation Wednesday on his decision to not seek a second term, Vice President Kamala Harris

🪙 Ether makes its ETF debut

Tuesday, July 23, 2024

Alphabet's results are in, ether spot ETFs are launched, and the family that was shipwrecked for 38 days | Finimize TOGETHER WITH Hi Reader, here's what you need to know for July 24th in 3:14

Is now the right time to invest in gold?

Tuesday, July 23, 2024

Here's how to do it! ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Are These 3 Factors Delaying Your Retirement?

Tuesday, July 23, 2024

Most Americans retire by 64. Why not all? ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

This 2 sentence phrase simply pays... week after week

Tuesday, July 23, 2024

Unique opportunity inside ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

The Economic Mind of JD Vance

Tuesday, July 23, 2024

The GOP VP candidate represents a sharp break from the Republicanism of yesteryear. View this email online Planet Money Hello JD Vance, Goodbye Ronald Reagan? by Greg Rosalsky Last week, former