From the opinions of CEOs and researchers, it’s very likely that it will happen – also in finance.April 27, 2023From human replacement to a top player in the next wave of tech developments and revolutions, artificial intelligence – AI – makes headlines mainly for two reasons: it’s considered dangerous, but also too useful. In the meantime, it’s the right time for fintech firms and startups that want to thrive to bet on human capital. It might seem a contradiction, but this sometimes happens with revolutions: stay tuned with FinTech Weekly, the website that allows you to discover fintech news, insights and fintech companies! |
Fintech has ‘great growth opportunity’ in London — but UK is failing to attract listings: City bossIn the meantime in the UK, the attempts to become a fintech hub still don’t produce the expected results. The Deputy Chairman of the Policy Committee of the City of London, Chris Hayward, discusses the challenges faced, as well as fintech opportunities. |
Russia Launching Payment System With 'No Restrictions' — Digital Currencies to Be Completely UnrestrictedRussia is finally totally benefiting from digital currencies to mitigate the effects of sanctions. Anton Siluanov, Russian Finance Minister, announced the launch of a new payment system where digital currencies will be totally unrestricted – also, obviously, for cross-border payments. |
Europe’s banks temper ambitions to challenge big US payments groupsThe European Payment Initiative (EPI), acquired Currence Ideal and Payconiq, but it now has to lower its ambitions. Born with the intention to allow instant payments in Europe, the initiative was realized by over 30 European banks that want to compete with top payment companies like Visa and Mastercard. |
Dreams of replacing humans in finance may come trueAI in finance: can artificial intelligence replace people in Wall Street? According to two studies, it looks like it is possible that ChatGPT – or similar models – can replace humans in finance. |
Three Things To Keep In Mind When Hiring Amidst Ongoing Tech LayoffsWith the surge of tech layoffs, there’s also a surge in opportunities for fintech companies and startups: they can now find tech talents, and choose them from a larger pool. Laid off talents have been looking for a new job for three months, on average, before finding a new role. Fintech companies should rethink their compensation strategies and consider that now, time is key. |
What’s Likely to Brew in Fintech Market in 2023?Artificial intelligence, along with blockchain, was included in our list of the fintech trends for 2023. Discover how different technologies have already revolutionized finance and how they can continue to change the economic and financial system. |
