GOP lawyers vs. Gary Gensler for a “long series of abuses”. Will fintech (and crypto) recover?June 15, 2023A week full of news in the fintech space. Republicans accused Gary Gensler of a series of abuse during his activity at the SEC, and want to remove him from the commission to protect investors and entrepreneurs. The Hinman documents are about to be released, and this might finally end the dispute between Ripple and the SEC. Artificial intelligence is increasingly important, also in the banking industry, and also discussions about risks and AI ethics. This and much more in this number of FinTech Weekly, the newsletter that makes you discover top fintech news and events to stay ahead of competition. |
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If the dot-com boom is AI's analogue, the boom is just beginningAn interesting analogy between the dot-com boom and artificial intelligence (AI). If the two markets are really similar, it means that AI is just beginning. |
Ripple CEO: Hinman docs are ‘well worth the wait’The long-awaited “Hinman docs” were worth the wait, according to Ripple CEO Brad Garlinghouse. The documents will detail internal deliberations by the SEC, and this could help Ripple win the court battle against the Securities and Exchange Commission. |
Binance lawyers allege SEC Chair Gensler offered to serve as advisor to crypto company in 2019Gary Gensler might be removed from the SEC for his decisions, especially those concerning crypto-related companies. But the negative attitude towards crypto wasn’t always in his plans: Binance, recently sued by the SEC chairman, released documents that affirm that the chairman offered to serve as an advisor to the crypto company in 2019. |
Big banks are talking up generative A.I. — but the risks mean they’re not diving in headfirstAt the Amsterdam Money 20/20, many were the definitions of generative AI given by bankers. They were positive thoughts and opinions, and even if most think that artificial intelligence could represent a great opportunity for banks, it’s still too risky to use this technology in areas that directly involve consumers. |
LinkedIn is the next social network to offer AI-powered tools for ad copiesAfter Meta, LinkedIn announces new AI-based tools to create different ad copies that would help users with their ad campaigns. |
UK fintech unicorn GoCardless lays off 15% of staffGoCardless, the UK fintech unicorn, announced a new layoff round in the fintech industry. The CEO of the company, Hiroki Takeuchi, announced that over 130 roles will be cut, and that also the senior leadership group will be reduced by 25%. |
AI Ethics: Why It’s Important, Now, To Work On Ethical AI |
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