Digital Guardians - Issue #469 May 23rd, 2024

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Jan Leike’s departure from OpenAI is a stark reminder that in the race for technological advancement, ethical considerations must never take a backseat.

In this issue of FinTech Weekly, we delve into the pivotal role of AI in shaping a secure and ethical future for fintech. From reinforcing cybersecurity to ensuring regulatory compliance, AI’s influence is profound. Yet, with great power comes great responsibility. Fintech firms must prioritize robust security measures to protect sensitive data and maintain trust in an increasingly digital world.

The intersection of AI and fintech security is not just a technological challenge but a moral imperative. As AI becomes integral to our financial systems, it’s crucial to navigate its applications with a keen eye on ethical implications. This issue explores how companies are leveraging AI to combat cyber threats, streamline compliance, and enhance customer-centric services while balancing innovation with security.

Join us as we examine how AI is transforming the fintech landscape and the pressing need to fortify our digital defenses. This and much more in this number of FinTech Weekly: discover top fintech news and events and stay ahead of the competition!

Top Stories

    Jan Leike, a former leader at OpenAI, resigned recently, lamenting that the company prioritized flashy products over safety. Leike, who headed the "Superalignment" team, expressed a longstanding disagreement with OpenAI's core priorities. His departure, alongside a co-founder, highlights ongoing tensions within the AI community regarding the balance between innovation and ethics.

Top Events

    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:

Podcasts and Videos



    AI integration in web3 security is no passing trend; it's a pivotal weapon against cryptocurrency thefts and cyber intrusions. Companies are leveraging AI algorithms to swiftly detect and thwart potential attacks on DeFi protocols, significantly reducing risks and enhancing response times. This proactive approach not only safeguards investor funds but also solidifies AI's indispensable role in addressing the $4 billion web3 security challenge. Through machine learning, AI algorithms adeptly recognize patterns indicative of cyber threats, offering a sophisticated defense mechanism against malicious actors targeting DeFi platforms.



    In a recent development, CUBE, a prominent figure in Regulatory Compliance Management (RCM) and Automatic Regulatory Identification (ARI), has acquired the Regulatory Intelligence products and services from Thomson Reuters and Oden. This acquisition significantly expands CUBE's reach, now catering to over 1,000 clients across various sectors such as banking, insurance, asset and investment management, payments, and related regulated industries worldwide. Leveraging Thomson Reuters' renowned regulatory expertise and Oden's resources, CUBE aims to enhance innovation by integrating its AI technology with years of regulatory content and professional analysis. This collaboration promises to deliver unprecedented regulatory transformation capabilities to global clients.


    Since the Securities and Exchange Commission (SEC) implemented cybersecurity disclosure regulations in 2023, US public entities must now reveal any significant cybersecurity incidents. This mandate demands thorough comprehension of incident details, including impact, nature, scope, and timing. With the emergence of generative artificial intelligence (GenAI), navigating these complexities becomes even more intricate.

    Fintech's rapid expansion, especially in India with record-breaking UPI transactions, highlights the sector's growth and potential. However, this surge underscores the paramount importance of security against cyber threats. With sensitive financial and personal data at stake, robust cybersecurity measures are imperative to safeguard against sophisticated attacks. Fintech firms must prioritize comprehensive security strategies to protect data integrity and maintain trust in the ecosystem, crucial for sustained growth and customer confidence.

    The global RegTech (Regulatory Technology) industry, valued at $9 billion in 2022, is projected to reach $66.9 billion by 2032, growing at a compound annual growth rate (CAGR) of 22.6%. This growth is driven by the increasing need for regulatory compliance, advances in technology, and rising data privacy and security concerns. RegTech leverages technologies such as artificial intelligence, automation, data analytics, and blockchain to help businesses achieve regulatory compliance more efficiently and cost-effectively. These tools monitor online transactions in real-time to identify issues and irregularities, enhancing the security of digital payment systems​.