In this FinTech Weekly newsletter we cover a lot of news related to financial technology, AI, banking, blockchain. And a lot of this week’s content has to do with Asia – Singapore in particular. The country is working hard to become the global hub for fintech, AI and Web3. Moreover, Crypto.com is setting up its new global hub there. In the meantime in Europe, London is a great choice for AI tech businesses and talents, but Vilnius might offer more advantages. This and much more in this number of FinTech Weekly, the newsletter to discover top fintech news and events and stay ahead of competition!
OpenAI might have a new powerful competitor. Demis Hassabis, CEO of DeepMind – the AI subsidiary of Google – said that the upcoming Google’s AI Gemini will be “more capable” than ChatGPT.
A new episode of FI podcast to discuss recent fintech news with Jonas Lornell (Majority) and Nadia Edwards-Dashti (Harrington Starr). Among the most discussed topics, the AI talent war involving banks – that are including a significant percentage of AI roles in their job ads.
Crypto-based financial products will become more popular. HSBC opens futures Exchange Traded Funds (ETFs) based on Bitcoin and Ethereum to its Hong Kong customers.
Banks & Cryptocurrencies. In the European Union, lawmakers agreed on the capital requirements for banks that hold cryptocurrencies. This is a transitional regime, in force until the European Commission implements banking reforms included in Basel III.
The popular Singapore-based Crypto.com is setting up its global innovation hub in Singapore. This will help the company to focus on innovations concerning blockchain technology, artificial intelligence and Web3.
The popular Berlin-based fintech SaveBetter invests in brand awareness. After the conclusion of a multi-stage process, the fintech company – focused on savings products – rebrands as Raisin.
The fintech Ramp, focused on providing automation tools to businesses to help them save time and money, announced the acquisition of the AI customer support platform Cohere.io. In this way, customers’ tickets will be resolved faster and in an accurate way.
As reported by Zosia Wanat (Sifted), Vilnius is repeating the history of its foundation. If 700 years ago the city was founded because of the letters sent by the king across Europe to invite people to settle in a new town in exchange for tax exemptions, now Vilnius is trying to attract the most talented tech experts in Europe.