The US Paves The AI Way - Issue #440 November 2nd, 2023

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In this FinTech Weekly issue, we dive into the U.S.'s big moves in artificial intelligence (AI), led by President Biden's executive order setting clear rules for AI development. The U.S. is pushing ahead, but it's not the only player in the game. We shine a light on the fintech world, where startups like Tuily in Colombia are using AI to open up financial opportunities for small businesses, proving that innovation is happening everywhere. In Europe, companies like Mistral are making the most of advanced AI to take on the big players in Silicon Valley. Meanwhile, Chinese banks are turning to AI to save money and work smarter, though they face their own hurdles.

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

    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:

    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




    Before the Biden administration's significant executive order on AI regulation was unveiled, banks and fintech executives gathered at Money20/20 to discuss AI's potential use cases and implications. The executive order, expected to be signed by President Biden, aims to set new standards for AI safety, security, and equity, while also promoting innovation, competition, and American leadership globally, as the banking sector and other industries increasingly explore and integrate AI and machine learning technologies.

    Chinese banks are adopting artificial intelligence to cut labor costs and boost efficiency, despite facing technical and regulatory challenges. The global enthusiasm for AI, fueled by Microsoft-backed OpenAI's ChatGPT, has prompted various industries, including banking, to integrate these intelligent systems into their operations, with potential annual value generation estimated between $200 billion to $340 billion for the banking sector. Morgan Stanley is at the forefront, training GPT-4 with its wealth management expertise to create a comprehensive resource for its financial advisers.


    Colombian fintech startup Tuily has launched a business credit card and expense management platform, aiming to enhance financial access for small businesses, with support from Mastercard and issued by Paymentology. Despite a saturated market with players like Sempli, Clara, and Jeeves, Tuily, led by Jonathan Tarud, distinguishes itself by targeting smaller businesses new to the financial sector, striving to provide essential financial tools for their growth and stability.