FinTech Weekly - Next Gen Finance - Issue #466

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A weekly dive into the future of finance, spotlighting fintech's role in transforming economic landscapes.

May 02, 2024

FinTech Weekly takes you on a compelling journey through the pulsating heart of financial innovation. This edition sheds light on the dynamic intersections where technology meets finance, from the AI advancements propelling OpenAI and Nvidia to new heights, to the transformative effects of fintech in Brazil's economy. As fintech momentum accelerates, it’s not only reshaping the mechanics behind financial transactions but fundamentally redefining our engagement with money itself. This transformative wave in fintech goes beyond technical upgrades, fostering deeper connections and smarter interactions within the financial ecosystem, ultimately enhancing the way we think about and manage our financial lives. This and much more in this number of FinTech Weekly: discover top fintech news and events and stay ahead of the competition!

OpenAI receives the world’s most powerful AI GPU from Nvidia CEO
OpenAI receives the world’s most powerful AI GPU from Nvidia CEO
— via Interesting Engineering

OpenAI has taken delivery of Nvidia's state-of-the-art AI processor, the DGX H200, acclaimed as the world's most powerful GPU, directly from Nvidia CEO Jensen Huang. This milestone, captured in a social media post by OpenAI's president Greg Brockman, also featured CEO Sam Altman at the handover. The acquisition of the H200 will propel OpenAI's progress in developing GPT-5 and its broader mission towards achieving artificial general intelligence (AGI), symbolizing a significant partnership aimed at advancing AI technology and its benefits for humanity.

FinTech World Forum 2024
FinTech World Forum 2024
— via FinTech World Forum 2024

FinTech World Forum 2024 is based in London UK Europe as one of leading fintech events 2023 for 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. For more info visit: https://fintechconferences.com/

Exploring The Five Stages of Full Automation | Payment Asia And Artificial Intelligence
— via Payment Asia

This video details the five stages of full automation, providing an in-depth look at each phase to enhance your understanding of the processes involved. Additionally, it introduces Hong Kong's first AI-powered merchant payment platform, emphasizing the rigorous compliance with anti-money laundering regulations to maintain a high standard of compliance.

SolarAI: Revolutionary cryptocurrency based on solar energy and artificial intelligence reaches $1.2 million in pre-sale
— via Cryptonews

SolarAI, a cryptocurrency merging solar energy with artificial intelligence, has successfully raised over $1.2 million in its pre-sale, marking a tenfold increase from its initial price of $0.0015 to a final listing price of $0.015. This significant financial achievement underscores the burgeoning interest in sustainable and technologically innovative investment opportunities, highlighting SolarAI's commitment to fostering a greener future.

How US Banks Can Get Ready For Open Banking
— via Forbes

The Consumer Financial Protection Bureau is on track to finalize its open banking rule this fall, mandating that financial institutions nationwide grant third parties such as fintechs access to consumer data across various accounts upon request. This rule covers checking, savings, and credit card accounts, along with prepaid cards and digital wallets. While there is extensive discussion on the potential opportunities and risks associated with this rule, and the varying perspectives of financial institutions, compliance is inevitable should the rule be implemented. The pressing question now is how these institutions will adapt to meet the new regulations effectively.

How does Brazil’s FinTech revolution signify a new era of sustainability for a greener future?
— via IBS Intelligence

Brazil is experiencing a shift towards a more prosperous and cleaner economy, driven by the rise of FinTech and decreasing dependence on unsustainable industries. Historically reliant on its rich natural resources for its extraction economy, Brazil is now forging a path towards sustainability, with the FinTech sector playing a pivotal role. Recent projections from the International Monetary Fund (IMF) are optimistic, highlighting falling inflation and increased foreign investment, which have led to improved economic forecasts. The IMF credits the thriving FinTech industry as a key contributor to Brazil's economic transformation.

IA Launches Blueprint for Fintech Engagement and Onboarding
— via Markets Media

IA Engine, the Investment Association's FinTech hub, has released a new whitepaper focused on empowering the investment management industry. This guide aims to provide professionals with the necessary skills and insights to harness the transformative potential of FinTech. The document highlights strategies for integrating advanced financial technologies to innovate and improve the efficiency of investment practices, marking a significant step towards technological adaptation in the sector.

3 key benefits of AI for enhanced customer experience in fintech
— via Maddyness

The merging of financial technology (fintech) and mobile commerce is creating unprecedented transactional opportunities. This evolution is primarily driven by artificial intelligence, which allows fintech companies to offer more engaging and customized experiences to their customers. This development signifies a significant shift towards more personalized and efficient consumer interactions in the digital payment landscape.

How fintech innovation is driving digital transformation for communities across the globe
— via IBM

To stay relevant in today's fast-paced market, enterprises need to innovate continuously, and fintechs are leading this change in the financial services industry. By breaking down traditional financial barriers and pioneering digital currencies, fintechs have revolutionized our concept of money. To keep pace with consumer demands and collaborate effectively with larger financial institutions, fintechs are increasingly turning to AI and hybrid cloud solutions. These technologies facilitate true digital transformation, enabling fintechs to adapt and thrive in an evolving marketplace.

Jobs

Sr. Director of Engineering and Architecture
Sr. Director of Engineering and Architecture
— via Q2

As our Director of Engineering and Architecture, you will play a critical role in the shaping of our cloud and datacenter strategy, orchestrating a seamless fusion of public cloud services and private infrastructure to support our organization's growth and agility.

Strategy and Operations Manager
Strategy and Operations Manager
— via Beyond Finance

Beyond Finance is looking for a Strategy & Operations Manager to join our Strategy & Operations group. This group functions as an internal consulting group and serves as a partner and adviser to the Executive team.

Head of Design and Research
Head of Design and Research
— via Upside

The D&R teams are a diverse group of individuals who are unified by a common vision - Build first class user experiences for both our consumers and merchants to enable Upside's business.







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