From banking innovations in Singapore to Apple's latest AI features, explore the cutting edge of financial technology.July 11, 2024FinTech Weekly brings you the latest in financial technology breakthroughs. Uncover China's commanding lead in AI patents, Sun Finance's game-changing AI strategies, and NITDA's bold tech research initiatives. Dive into Singapore's AI-driven financial innovation, expert insights from industry leaders, and Apple's cutting-edge Intelligence features. This and much more in this number of FinTech Weekly: discover top fintech news and events and stay ahead of the competition! |
Podcast on Generative AI in Fintech: Unraveling the hype with PerfiosIn a recent podcast, Shashank Shekhar, Co-founder and Head of Consulting at The Digital Fifth, and Alok Kumar, Chief of Engineering at Perfios, explored the transformative impact of Generative AI (GenAI) in fintech. They noted that GenAI can enhance personalization, detect fraud, and automate processes, despite challenges such as costs and data needs. They suggested that banks can adopt GenAI using cloud services or pre-trained models, predicting that as GenAI evolves, it will become a fundamental tool in fintech. |
Nigeria to launch AI and Blockchain research hub nationwideThe National Information Technology Development Agency (NITDA) announced plans to set up research hubs focusing on emerging technologies such as artificial intelligence (AI), the internet of things (IoT), and blockchain across Nigeria’s six geopolitical zones. |
EU central banks don’t want to ‘over-regulate’ AIEuropean central bank officials aim to avoid over-regulating artificial intelligence (AI) amid uncertainty about its impact on the financial sector. Speaking on a panel about financial AI regulation on July 2, Denis Beau, deputy governor of the Banque de France, noted that supervisors have observed financial institutions using AI in many parts of the value chain already. |
This is just the beginning: UBS sees how artificial intelligence is changing the banking industryUBS has noted changes in the interactions between customers and bank employees due to artificial intelligence, according to Sabine Keller-Busse, President of UBS Switzerland, as reported by Reuters. |
Apple Intelligence is coming this fall, but these features won’t beApple Intelligence is set to be the most significant enhancement for the iPhone, Mac, and iPad this year. The upcoming releases of iOS 18, macOS Sequoia, and iPadOS 18 this fall will introduce numerous Apple Intelligence features, although they will initially be labeled as beta. |
What US financial services and fintech can learn from Singapore’s push to establish itself as an AI hubAs artificial intelligence (AI) starts to transform global finance, Singapore is emerging as a leader in innovation. The city-state aims to become an AI hub, with financial institutions eager to utilize this technology to improve their services and operations. To understand this dynamic field, we interviewed Prateek Sanghi, Head of Visa Consulting & Analytics for Asia Pacific, discussing the convergence of AI and financial services in Singapore and beyond. |
Sun Finance Founder and CEO Toms Jurjevs: 'The fintech arena is changing incredibly fast'Riga-based Sun Finance, a prominent name in the online lending industry, is poised to enhance its operations through artificial intelligence (AI). “I think it’s quite simple: the one who knows how to use AI best will get the most out of it,” Toms Jurjevs, Founder and CEO of Latvian fintech Sun Finance, told The Baltic Times Magazine. |
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