Businesses don’t want to renounce AI, but are we aware of all the consequences?July 06, 2023The most interesting news covered by FinTech Weekly in this new number involves Google: the tech giant updated its privacy policy – all public data can now be used to allow data scraping for AI purposes. This, for sure, will help businesses around the world: there are already many startups powered by artificial intelligence, and AI in finance is becoming increasingly more important. Businesses don’t want to renounce AI, and this makes the work of regulators harder. But if artificial intelligence represents a huge advantage for businesses, there might be consequences we’re not completely aware of – like the negative impact this could have on jobs. Fintech and AI constantly make headlines, as well as cryptos and blockchain technology: this mix of advanced tech is leading us to revolutionize our lives and businesses, but maybe we’re now too enthusiastic about all this innovation to focus on possible negative effects. This and much more in this number of FinTech Weekly – follow us on Twitter @fintech_weekly to stay ahead of competition! |
 CDAO Fall OctoberJoin your data & analytics peers from leading brands across North America as you discover the latest trends and challenges facing your role. |
PSD3 unveils plans to shake up Open Banking | Fintech Insider News podcast | 755A new episode to discuss recent fintech news. Among the most important events, the European Union plans for open banking. |
Hong Kong urged to issue stablecoin to compete with Tether and USDCA new proposal aims at making Hong Kong more competitive: Hong Kong should issue a stablecoin to compete with US-pegged coins like USDT and USDC. The stablecoin would improve payment systems and strengthen fintech businesses. |
UK Crypto, Stablecoin Rules Receive Royal Assent, Passing Into LawNew developments in the UK crypto space. The Financial Services and Markets Act 2023 establishes that crypto is a regulated financial activity. |
SoLo Funds, peer-to-peer loan platform for underserved banking consumers, is expanding to NigeriaFintech in Africa. SoLo Funds, the US community-led lending platform, is expanding to Nigeria to serve unbanked people. |
Businesses Aim to Harness Generative AI to Shake Up Accounting, FinanceThe good side of artificial intelligence. One of the most fascinating characteristics of AI is that it can help with repetitive tasks, and it seems that one of the most popular use cases will involve accounting. |
AI threat to Scottish finance jobs 'yet to fully materialise'The bad side of artificial intelligence. A financial service recruitment firm warns that the job market will be significantly impacted, but firms must embrace AI to stay competitive. |
10 Ways to Pivot Your Business Using Fintech TechnologyFintech and business – Eva Sgroi for IT News Africa. A list of the 10 ways you can use financial technology to improve your business. |
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