AI Empowers, Finance Transforms - Issue #444 November 30th, 2023

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In this edition of FinTech Weekly, we delve into the profound impact of artificial intelligence on the fintech sector. From the UK's groundbreaking legal shift allowing AI technology patents to Indonesia's ethical guidelines for AI in fintech, we're witnessing a global transformation. The rise of AI-driven financial tools in hospitals and advancements in AI-assisted credit checks reflect a deepening integration of AI in financial operations. Moreover, the global investment summit attended by a leading crypto platform CEO underscores AI's expanding role in shaping financial innovation. These developments collectively illustrate the evolving narrative of AI in fintech, highlighting opportunities, challenges, and a future reshaped by intelligent technologies. This and much more in this edition of FinTech Weekly: discover top fintech news and events and stay ahead of the competition!

Top Stories

Top Events

    The 17th Asian Financial Forum returns in Hong Kong on 24 to 25, January 2024 to bring together global business communities, corporate leaders, policymakers and regulators for discussions and exchange of insights on the global economy from an Asian perspective. Early bird discounts are available until 30 November 2023 with the code S-AM14-ML (Standard Pass) | F- AM14-ML (Full Pass). Visit the official AFF website for more information and registration details:

    Impact Investing Conference 2023 in London is the Impact Investing World Forum (IIWF) 2023 as one of leading social impact investment events for ESG Funds, UN SDGs, Investor and sustainable investing in UK Europe Oxford University. The event brings together hedge funds, wealth management, private equity, venture capital, foundations, endowments, bonds and ESG investing professionals.

Podcasts and Videos


    As Director of Market Intelligence, you will be responsible for leading Market Intelligence in DailyPay’s growing Consumer Financial Solutions business. This role is pivotal in providing comprehensive market insights, understanding consumer behaviors, analyzing competitive dynamics, and managing analyst relations to inform and guide the company's strategic decisions.

    Wisetack is looking for a Tech Lead to be an early foundational member of our growing engineering department as a highly-impactful individual contributor (IC). You will be focused on technical concerns first and foremost; this is not a hybrid management/IC role.

    As the Lead Product Manager, you'll shape and propel the end-to-end product vision and strategy within your domain. Collaborating closely with customers, you'll delve into their requirements and challenges, strategically prioritizing feature development and releases to deliver substantial and measurable business value.

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    Brian Armstrong, CEO and Co-Founder of Coinbase, is attending the exclusive Global Investment Summit in the UK, a key international market. Organized by the UK Government and hosted by Prime Minister Sunak, the biannual summit brings together 200 CEOs from various industries, including finance and technology. This year's theme, "Innovation for Human Progress," focuses on showcasing British innovations across sectors like AI, quantum technology, and clean growth. The platform's invitation to the summit, being the sole pure-play digital asset attendee, highlights the growing global momentum and recognition of cryptocurrencies and blockchain technology.




    This comprehensive analysis delves into the global competition in generative AI, highlighting the race for development and adoption by key players like the US and China, and the underperformance of the EU in patents and venture capital investment. The US leads in AI firm market capitalization and GPU production, crucial for AI development. China, dominating in AI patent applications, actively supports its AI sector with government subsidies. The article discusses the impact of generative AI on various sectors, including defense, economy, trade, and biometrics, underscoring the strategic importance of skilled AI workforce and the implications of export controls on AI development. It also notes the need for cross-industry collaborations for AI infrastructure development.

    Phare Health, a London-based startup, has raised £2.5 million in seed funding to develop AI tools for hospitals in the UK and Europe. The company's first product uses large language models to convert patient notes into structured data, improving hospitals' financial and operational management. The funding, led by General Catalyst, will support team expansion and enhance AI and healthcare expertise​.