But it’s not St. Lawrence. Can you guess what that “R” stands for?July 20, 2023FinTech Weekly opens this number with what might appear to be gossip news — but it is not. The Hollywood strike turns the spotlight on the concerns of many workers (maybe is it just easier for that industry to make headlines?). Once again, there is a mismatch between what workers think and what business owners want: on one hand, artificial intelligence can scare people, on the other hand, it helps business owners to scale their businesses — and we’re not talking only about tech giants, but also SMEs. Should they be blamed for this? We leave it up to you. We asked you if you were able to guess what our “R” stands for … Well, it stands for “reset”. Do we need to reset our mindsets to cope with AI? Is it like for other major revolutions – we just need to adjust to innovation and accept the consequences until it will seem something natural? This number of FinTech Weekly goes through the most relevant fintech news, including what is happening to SMEs. We take into account the (alarming) attitude of Gary Gensler, not only for what concerns cryptos, but also AI (do you remember that last week we anticipated his speech at the National Press Club?). We look into what is going on with businesses and innovation, but we close the number with an interesting question: How and When Will AI Replace My Job? It might seem a pessimistic take, but we like to think of it as a realistic question. This and much more in this number of FinTech Weekly – follow us to discover fintech news and events and stay ahead of the 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. |
Crypto: U.S. Senators Lummis & Gillibrand discuss new crypto bill designed to protect consumersSenators Cynthia Lummis and Kirsten Gillibrand meet Yahoo FInance anchor Rachelle Akuffo to discuss their “Lummis-Gillibrand Responsible Financial Innovation Act”: the legislation would protect users without giving up on innovation. |
Gary Gensler ‘Disappointed’ by XRP Ruling But Won’t Change StrategyGary Gensler, “as many could have guessed”, is not happy with the Ripple ruling. The federal judge said that XRP can be considered a security only when sold to institutional investors — not to retail investors. After the ruling, XRP and many other cryptocurrencies experienced a positive spike in prices and a generally positive sentiment. |
How Mastercard leans on open banking to expand its technologyDiversification is becoming a must for Mastercard, and the set of new products it’s launching proves that. Open banking is becoming a major player, and Mastercard wants a (large?) piece of the pie. |
How and When Will AI Replace My Job?Thanks to Artificial Intelligence + and Sanksshep Mahendra for this interesting question and insightful discussion on the effects of AI on jobs — taking into account several industries and sectors. It’s definitely worth your time! |
YouTrip Thailand launches fintech app to secure digital paymentsYouTrip, the multi-currency digital wallet, partnered with Thailand's fourth largest bank Kasikornbank to introduce a new authentication feature to allow users to make seamless and more secure payments. |
The SEC chief sees A.I. creating ‘conflicts of interest’ and maybe the next great financial crisis—unless we tackle ‘herding’Not only cryptos but also artificial intelligence: Gary Gensler is an AI skeptic. According to the SEC chief, AI could be the cause of the next financial crisis. Is he right this time? Or is it just the result of a not-too-much positive attitude towards innovation? One thing might scare investors and business owners: if Gensler adopts the same strategies he adopted with cryptos, the US might suffer the pressure of global competitors — and leave innovation to someone else. |
UK business owners embrace foreign workers as labour shortages rage onUK businesses would like the country to be more open to migrant workers. Why? Because there is a shortage of home-grown talent in the tech industry — and this might prevent the country from progressing. |
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