In this edition of FinTech Weekly, we explore the notion that sometimes success is simply a matter of luck. A fintech company established in a country where innovation is embraced and where regulators support progress has a distinct advantage over one born in a place with fluctuating regulatory frameworks heavily influenced by diverse opinions.
While the introduction is meant to be provocative, our focus remains on the challenges faced by businesses and customers who desire a more predictable system.
As Mersch highlighted, regulators face a delicate balancing act. New regulations should prioritize user protection without stifling competition. Moreover, their introduction should be timely – neither prematurely nor belatedly.
This and much more in this number of FinTech Weekly: read our newsletter to discover top fintech news and events and stay ahead of the competition.
Ant Group, the Chinese fintech giant behind Alipay, has unveiled its brand new large language model (LLM), Zhixiaozhu 1.0. This AI tool is designed to answer financial questions and will be made publicly available pending regulatory approval.
Unlock access to a community of top-tier fintech professionals by posting your job listings on FintechWeekly. Starting from just €299, you can amplify your recruitment reach and find the perfect match for your team. Post your job today and attract the talent you need to elevate your business.
Join Growth Gorilla for an exclusive Fintech panel event on The Power of Community and how building strong communities enables Fintechs to better understand their customers, drive innovation, and create long-term connections. You’ll hear from industry experts such as Henry Barton, Head of Brand and Community at Uncapped, Oscar Mackenzie, Head of Marketing at Shares and Gemma Livermore, Founder of Women Of Fintech. Get your Early Bird Tickets now: https://www.eventbrite.co.uk/e/fml-presents-the-power-of-community-for-high-growth-fintechs-tickets-681601427217?aff=oddtdtcreator
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.
FinTech World Forum 2023 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/
During his speech at the London Blockchain Conference, Yves Mersch, a member of the Executive Board at the European Central Bank, discussed the challenges regulators face with emerging technologies like blockchain. He emphasized that regulatory frameworks shouldn't be introduced too early or too late, as they need to protect users without stifling innovation.
If you feel like you're both creative and analytical, keep reading! If you can easily put yourself in the target audience's shoes, keep reading. And if you also know how to weave storytelling into communications, for goodness' sake, stop reading and hit the link below to apply!
While fintech companies consistently develop innovative solutions to enhance and diversify the financial landscape, challenges arise when these innovations don't align with evolving regulations. FedNow may reveal some of these fintech limitations, underscoring the importance of designing with regulations in mind.
ProMatch is an exciting new platform that facilitates matches between digital and financial services, enabling collaboration and the delivery of new solutions. Unveiled at the Digital Jersey Hub, the platform was conceived by Digital Jersey and Jersey Finance and brought to life by SystemLabs.
In a move to counter China's growing influence, the U.S. and Vietnam have finalized significant business deals. Spearheaded by companies such as Nvidia, Microsoft, and Boeing, these agreements aim to bolster cooperation in sectors like semiconductors, cloud computing, and artificial intelligence.
The impact of AI remains a topic of debate. Both analysts and workers are uncertain about how this relatively new technology will influence workforces and the broader economy. However, the most optimistic perspectives see the potential for unparalleled efficiency.
Momnt's latest funding round was a success, with the fintech company raising $15 million. With support from both returning and new investors, including TruStage Ventures, Saluda Grade Ventures, and Rockefeller Asset Management, Momnt will continue its focus on innovative solutions for businesses and customers, particularly in lending.