FinTech Weekly - AI, Fintech, and Future - Issue #487
From AI to payments, fintech innovations are pushing industries and regulators to rethink traditional approaches in a fast-evolving world.September 26, 2024In this edition of FinTech Weekly, we explore how AI, automation, and tech-driven innovations are reshaping the global financial landscape. From Christine Lagarde’s warning on inflation volatility to Apple’s potential card deal with JPMorgan, fintech’s impact is undeniable. Discover key partnerships, like Ocean Protocol’s AI-driven collaboration, and industry-firsts such as Monzo’s Apple Pay integration. As AI-powered tools like Bridgewise’s stock-picking chatbot gain regulatory traction, the intersection of finance and technology becomes ever more critical. This and much more in this number of FinTech Weekly: discover top fintech news and events and stay ahead of the competition! |
News: JPMorgan poised to take over Apple Card, US Senators push for BaaS crackdown, H1 2024 fintech deals down 50%This week on the fintech show, host David Barton-Grimley and guests Kevin Fox of Thredd and Sophie Winwood of Foxe Capital discuss major industry developments. Topics include Apple's potential card deal with JPMorgan, a U.S. Senate push for tighter regulations on Banking-as-a-Service, and the sharp decline in fintech funding, down nearly 50% in H1. Additionally, Monzo introduces monthly payments via Apple Pay, Dutch neobank Bunq plans a 70% staff increase, and Pizza Hut in New York takes an unconventional approach by printing jobseeker CVs for delivery. |
Ocean Protocol Partners With Zero1 Labs to Power Decentralized AIOcean Protocol has partnered with Zero1 Labs, a decentralized AI platform, to enhance the performance and accuracy of AI solutions developed by Zero1 Labs' projects. Announced on Sept. 23, the collaboration will integrate Ocean Protocol’s robust data privacy and compliance tools, ensuring secure and compliant AI advancements within the decentralized community-focused ecosystem. |
JPMorgan Eyes More Growth in India Amid Flurry of ActivityJPMorgan Chase & Co. intends to expand its operations in India, where investor confidence remains robust, according to top executives during their visit to the country. |
AI chatbot gets green light to give buy, sell investment adviceIsraeli regulator ISA has approved AI startup Bridgewise to launch a stock-picking chatbot in partnership with Israel Discount Bank, despite global concerns about AI's impact on financial markets. The chatbot, Bridget, will provide stock recommendations based on user queries and is set to expand to another bank’s investment platform soon. This marks a controversial step in the use of generative AI in retail investing, as regulators remain cautious about the risks. |
A startup from ex-Revolut employees uses AI to automate accounts — but hopes to keep accountants in jobsLiveFlow, founded by former Revolut employees Anita Koimur and Lasse Kalkar, has raised $13.5 million to further its mission of automating accounting workflows. After meeting at Revolut, the pair co-founded LiveFlow, took it through Y Combinator, and raised a seed round in 2021. LiveFlow enables real-time syncing of financial data from accounting services, banks, and payment platforms, streamlining reporting and collaboration while reducing manual data transfers for accountants. |
UK: Payments Association Calls for National Payments PlanThe Payments Association in the UK is advocating for a National Payments Plan to foster growth and innovation in the sector. In its Payments Manifesto 2025, the association urges UK authorities to conduct a swift and comprehensive review, resulting in the development of a clear National Payments Plan (NPP). |
Taking The Bold Swing: Staying Competitive In A Saturated MarketGenerative AI (GenAI) is creating significant buzz across industries, promising to revolutionize workflows and tackle complex tasks. As an automation company CEO, staying updated on GenAI developments is key to our innovation strategy. However, despite its clear potential for driving efficiency, many C-suite executives remain hesitant, overwhelmed by the range of AI options and defaulting to inaction amid the uncertainty. |
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The AI-Driven Future - Issue #484
Thursday, September 5, 2024
From job cuts to smarter decisions, AI is redefining financial services and setting the stage for the next wave of innovation. September 05, 2024 FinTech Weekly brings you the latest on how AI is
AI Meets Global Finance - Issue #482
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AI is reshaping global fintech, driving growth from startups to established giants, and redefining the industry's future. August 22, 2024 FinTech Weekly explores the transformative power of AI in
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From Europe to India, fintech firms are scaling up, driven by strategic investments and technological advancements. August 15, 2024 In this edition of FinTech Weekly, we explore the dynamic global
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Innovations and challenges in the evolving world of fintech and financial inclusion. August 08, 2024 FinTech Weekly dives into the latest in financial technology with highlights including Jeff Bezos
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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
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