Who's Leading the AI Charge? - Issue #479

header image

From global tech initiatives to AI advancements, discover the latest trends transforming financial services.

August 01, 2024

FinTech Weekly uncovers the power players behind the AI revolution in finance. Who's making waves and who's getting left behind? From groundbreaking tech initiatives to startups disrupting the status quo, this issue explores the cutting-edge trends reshaping financial services. Don't miss out on the game-changing insights that could give you the edge. This and much more in this issue of FinTech Weekly: discover top fintech news and events and stay ahead of the competition!

FTC, DOJ, International Enforcers Release Statement on AI Competition Issues
FTC, DOJ, International Enforcers Release Statement on AI Competition Issues
— via Crowdfund Insider

FTC Chair Lina M. Khan, together with international antitrust authorities and the Department of Justice's Antitrust Division, released a joint statement emphasizing their dedication to preserving competitive practices within the artificial intelligence (AI) sector. The declaration underscores a collective effort to maintain a fair marketplace that benefits both consumers and businesses. By focusing on the AI ecosystem, these regulatory bodies aim to foster an environment where innovation can thrive without being stifled by monopolistic practices. This initiative reflects a broader commitment to ensuring that competition remains robust and that all participants in the market are treated equitably.

EP61 - AI-Driven Banking Transformation
— via XenonStack

Delve into the revolutionary influence of artificial intelligence (#AI) and emerging technologies on the finance and banking sectors. These advancements are driving significant changes, from creating tailored deposit strategies and novel unsecured lending options to introducing sophisticated wealth management tools and real-time fraud detection systems. Witness how technology is redefining every aspect of the industry, offering more personalized and efficient services while enhancing security and innovation.

Nigeria to train 1,000 youths on AI, blockchain every year
— via Cointelegraph

Nigeria has launched a government-led initiative aimed at training 1,000 citizens each year in advanced technologies, such as artificial intelligence and blockchain. This program reflects the country's ambition to position itself ahead of other global economies by equipping its workforce with the skills needed to thrive in the rapidly evolving tech landscape. The initiative underscores Nigeria's commitment to harnessing the potential of these technologies to drive economic growth and innovation.

Leveraging Artificial Intelligence for optimal performance by Nigerian banks
— via Business Day

The Nigerian banking sector is poised for a major transformation with the integration of artificial intelligence (AI). Tier 1 banks in the country stand to gain numerous benefits from AI adoption, including enhanced customer service, increased efficiency, improved security, and better risk management. Additionally, AI will enable personalized banking experiences, cost savings, competitive advantages, compliance with regulations, advanced data analytics, and foster innovation within the industry.

Sora finds a new rival in China as start-up Shengshu AI rolls out text-to-video tool
— via Yahoo Finance

Chinese start-up Shengshu AI has launched its text-to-video tool Vidu for global users, supporting both Chinese and English text prompts. Available through its official website, this tool marks Shengshu AI's effort to compete with similar offerings from companies like OpenAI's Sora, Zhipu AI, and Kuaishou Technology. Registered users can generate short video clips of four or eight seconds in length.

Automation in Fintech will Deliver a Collaborative Future for Humans and Machines
— via Finextra

As generative AI continues to surge, the future of automation in fintech is becoming increasingly apparent. While this trend raises concerns about job security, the reality is likely to be more collaborative. The artificial intelligence in fintech market, valued at $17 billion in 2024, is projected to grow to $70.1 billion by 2033, with a CAGR of 17%. This rapid expansion is expected to disrupt the industry, driving both efficiency and uncertainty. Nonetheless, early adopters of automation in fintech are poised for a more collaborative future.

UK’s Aveni secures £11m to advance AI in financial services sector
— via Yahoo Finance

UK-based fintech company Aveni has raised £11 million ($14.1 million) in a Series A funding round, led by Puma Private Equity with participation from Par Equity, Lloyds Banking Group, and Nationwide. The investment aims to accelerate Aveni's development of advanced artificial intelligence products and large language models tailored for the financial services industry, leveraging the company's AI expertise and deep understanding of the sector.

Accelerating with AI: Startups share how they are turning the gears with GenAI
— via The Economic Times

Artificial intelligence (AI) is no longer limited to specialized AI firms, as many of India's leading startups across various sectors, including e-commerce and fintech, are now adopting the technology. A recent EY report reveals that approximately two-thirds of India's top 50 most valued unicorn startups are utilizing AI or generative AI technology. This trend indicates that startups have been more proactive in embracing AI compared to traditional companies.

Jobs

Senior Manager, Software Engineering
Senior Manager, Software Engineering
— via FlyWire

We, at Flywire, are looking for an experienced Senior Manager, Software Engineering, ideally with a background in FinTech.

Head of EMEA Data Contributrions
Head of EMEA Data Contributrions
— via Reorg

Reorg is seeking a London-based Senior Market Analyst/Data Relationship Manager to join our team of experienced, successful and highly motivated individuals at one of Fixed Income's fastest-growing and most successful market coverage disruptors.

 Senior Software Engineer, AI
Senior Software Engineer, AI
— via BlackLine

We’re just starting out on this journey with Generative AI and looking to build the founding AI/ML team that will bring the power of AI to BlackLine’s customers.







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

TrumpTech Turbulence - Issue #478

Thursday, July 25, 2024

Trump's VP pick and its fintech implications. July 25, 2024 FinTech Weekly dives into the dynamic world of fintech with this edition, exploring how Trump's political maneuvers are shaping the

Emerging Fintech Frontier - Issue #477

Thursday, July 18, 2024

How fintech is transforming emerging markets globally July 18, 2024 FinTech Weekly dives into the latest innovations driving fintech growth in emerging markets. Discover how Nigeria leads in fintech

Leading with AI - Issue #476

Friday, July 12, 2024

From banking innovations in Singapore to Apple's latest AI features, explore the cutting edge of financial technology. July 11, 2024 FinTech Weekly brings you the latest in financial technology

AI and Fintech Insights - Issue #475

Friday, July 5, 2024

Insights from fintech leaders on AI deployment, regulatory hurdles, and the quest for technological accountability. July 06, 2024 FinTech Weekly brings you the latest insights and trends in the fintech

AI Shapes FinTech - Issue #473

Thursday, June 20, 2024

Insights on AI integration in fintech, from digital payments to blockchain security June 20, 2024 Welcome to FinTech Weekly! In this edition, we dive into the transformative power of AI in the fintech

You Might Also Like

🚀 OpenAI's $150 billion valuation

Thursday, September 12, 2024

OpenAI wants a few more billions on its books, Europe got another rate cut, and Mark Cuban's mission to break stuff | Finimize TOGETHER WITH Hi Reader, here's what you need to know for

Avoid the potential money woes of pet illness and injury

Thursday, September 12, 2024

We'll show you how to protect your furry friend with pet insurance. ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

🙃 The get-rich-quick scheme that wasn’t

Thursday, September 12, 2024

Plus, good money advice for children — and their parents. ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌ 

John's Take 9-12-24 Red Alert...Red Alert

Thursday, September 12, 2024

​ ​ Red Alert...Red Alert by John Del Vecchio In addition to trend-following strategies, like those I've discussed in the last few weeks, I monitor a series of charts and indicators to help manage

Issue #252: SUCH an awkward conversation

Thursday, September 12, 2024

plus grapples + Channing Tatum gets witchy ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Harry's Take 9-11-24 A Crash in the Making Now?

Thursday, September 12, 2024

Harry Dent's Weekly Take ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

🚨 Fact check: What the candidates said about money last night

Thursday, September 12, 2024

Harris vs. Trump on inflation, taxes, jobs and more ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

1 day options for up to 500% gains

Thursday, September 12, 2024

The most exciting way to trade options... ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

✈️ A US-approved ETF landed in Europe

Thursday, September 12, 2024

Europe's latest ETF launch, surprisingly cool US inflation, and ways to celebrate the last days of summer | Finimize TOGETHER WITH Hi Reader, here's what you need to know for September 12th in

👀 Big Tech vs VCs

Tuesday, September 10, 2024

Big Tech's beat venture capitalists to AI investments, China has a serious problem, and a hack for runners | Finimize TOGETHER WITH Hi Reader, here's what you need to know for September 11th in