The recent economic and financial downturn didn’t stop fintech, but innovation still faces troubles.April 13, 2023The fintech space is always able to innovate the different economies around the world, but not all countries travel at the same speed: while Asia seems to go faster, the US is threatened by its very choices – and innovation is in trouble. In the meantime, Elon Musk continues to work on his project to create an everything app. This and much more in this number of FinTech Weekly, the free newsletter to stay ahead of competition and discover fintech news, events and insights. Follow us on Twitter! |
Blockchain, Not Bitcoin: Singapore's Fintech Future In Crypto | Web3 Revolution | Full EpisodeDespite the recent negative developments concerning the crypto market, blockchain is still able to show the advantages it can bring to economies. Singapore is set to become a financial hub and a pivotal spot in the digital economy. |
Right time for Hong Kong to invest in Web3 digital economy, finance chief says despite volatility and cryptocurrency falloutDespite the recent downturns that hit the digital assets market, Paul Chan Mo-po – Hong Kong’s Financial Secretary – said he’s optimistic about the future of the market. Actually, Hong Kong increased investments in this space, especially in sectors like Web3. |
Tellus Earned Silicon Valley’s Biggest Prize. The FinTech Misled Many Along the Way.The fintech Tellus made headlines many times because of the promises of high interest rates on customers’ funds. But the company used a specific scheme, and Barron’s created a complete report to explain how the company obtained so many customers – and how it misled them. |
FINRA fines Goldman Sachs $3m for mismarking short sell ordersThe Financial Industry Regulatory Authority – FINRA – fined Goldman Sachs for incorrectly labeling short sales – worth over $60 million – as long sales. This mistake, due to a bug in the code used to design the software used by the company, is the reason behind the decision taken by FINRA. |
US losing blockchain developers to other jurisdictions as clamp down on innovation continues: reportIt’s no secret that the US is using the hard line with the digital asset market. One of the consequences is that developers are leaving the national market – and this is a threat to innovation. |
Meet Tongyi Qianwen, Alibaba’s chatbot rival to ChatGPTChatGPT has a Chinese rival. Tongyi Qianwen is the AI model created by Alibaba. The name of the chatbot can be translated as “seeking the truth from a thousand questions” – as reported by MarketWatch. |
Fintech founder parlayed connections for JPMorgan deal before fraud chargesFrank, the fintech app created in 2017 by Charlie Javice, is facing serious troubles. The founder of the application, created to help students apply for financial aid, was sued because she allegedly fabricated false data to convince JPMorgan to acquire the fintech for $175 million. |
The Evolution of Fintech: A Comprehensive Outlook on AI's Role in the FutureCurrently, AI is playing a pivotal role in innovation. In this article, FinTech Weekly analyzes the role of AI, how it’s already impacting our economies, and what will be its impact in the future. |
Banking Reinvented: How Advanced Generative AI Models Are Shaping the IndustryBanking is for sure one of the main sectors that can benefit from artificial intelligence. AI is already reshaping this industry by improving automation and creating new tools that can be used for credit products. |
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