Next Gen Finance - Issue #466 May 2nd, 2024

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FinTech Weekly takes you on a compelling journey through the pulsating heart of financial innovation. This edition sheds light on the dynamic intersections where technology meets finance, from the AI advancements propelling OpenAI and Nvidia to new heights, to the transformative effects of fintech in Brazil's economy.

As fintech momentum accelerates, it’s not only reshaping the mechanics behind financial transactions but fundamentally redefining our engagement with money itself. This transformative wave in fintech goes beyond technical upgrades, fostering deeper connections and smarter interactions within the financial ecosystem, ultimately enhancing the way we think about and manage our financial lives.

This and much more in this number of FinTech Weekly: discover top fintech news and events and stay ahead of the competition!

Top Stories

    OpenAI has taken delivery of Nvidia's state-of-the-art AI processor, the DGX H200, acclaimed as the world's most powerful GPU, directly from Nvidia CEO Jensen Huang. This milestone, captured in a social media post by OpenAI's president Greg Brockman, also featured CEO Sam Altman at the handover. The acquisition of the H200 will propel OpenAI's progress in developing GPT-5 and its broader mission towards achieving artificial general intelligence (AGI), symbolizing a significant partnership aimed at advancing AI technology and its benefits for humanity.

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




    The Consumer Financial Protection Bureau is on track to finalize its open banking rule this fall, mandating that financial institutions nationwide grant third parties such as fintechs access to consumer data across various accounts upon request. This rule covers checking, savings, and credit card accounts, along with prepaid cards and digital wallets. While there is extensive discussion on the potential opportunities and risks associated with this rule, and the varying perspectives of financial institutions, compliance is inevitable should the rule be implemented. The pressing question now is how these institutions will adapt to meet the new regulations effectively.


    Brazil is experiencing a shift towards a more prosperous and cleaner economy, driven by the rise of FinTech and decreasing dependence on unsustainable industries. Historically reliant on its rich natural resources for its extraction economy, Brazil is now forging a path towards sustainability, with the FinTech sector playing a pivotal role. Recent projections from the International Monetary Fund (IMF) are optimistic, highlighting falling inflation and increased foreign investment, which have led to improved economic forecasts. The IMF credits the thriving FinTech industry as a key contributor to Brazil's economic transformation.


    IA Engine, the Investment Association's FinTech hub, has released a new whitepaper focused on empowering the investment management industry. This guide aims to provide professionals with the necessary skills and insights to harness the transformative potential of FinTech. The document highlights strategies for integrating advanced financial technologies to innovate and improve the efficiency of investment practices, marking a significant step towards technological adaptation in the sector.

    The merging of financial technology (fintech) and mobile commerce is creating unprecedented transactional opportunities. This evolution is primarily driven by artificial intelligence, which allows fintech companies to offer more engaging and customized experiences to their customers. This development signifies a significant shift towards more personalized and efficient consumer interactions in the digital payment landscape.

    To stay relevant in today's fast-paced market, enterprises need to innovate continuously, and fintechs are leading this change in the financial services industry. By breaking down traditional financial barriers and pioneering digital currencies, fintechs have revolutionized our concept of money. To keep pace with consumer demands and collaborate effectively with larger financial institutions, fintechs are increasingly turning to AI and hybrid cloud solutions. These technologies facilitate true digital transformation, enabling fintechs to adapt and thrive in an evolving marketplace.