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Issue 498 · Dec 12, 2024 Weekly edition · 4 min read

Regulating Innovation Forward

Balancing innovation with regulation is a challenge every industry must face. In this week’s FinTech Weekly, we dive into the impact of AI and evolving global regulations on business, from groundbreaking UK-Qatar

Regulating Innovation Forward
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The fine line between regulation and innovation—explore how AI, fintech, and global partnerships are shaping tomorrow's business landscape.

December 12, 2024

Balancing innovation with regulation is a challenge every industry must face. In this week’s FinTech Weekly, we dive into the impact of AI and evolving global regulations on business, from groundbreaking UK-Qatar collaborations to AI-driven financial transformations. Discover how leaders navigate compliance while driving progress, and explore the latest intersections of fintech and governance in an era of rapid technological change. Join us as we unravel the complex interplay of rules and reinvention.

AI regulation will slow innovation to speed it up, DataStax CEO says
AI regulation will slow innovation to speed it up, DataStax CEO says
— via Quartz

DataStax CEO Chet Kapoor suggests government intervention in AI might be inevitable and even necessary. While Kapoor generally opposes regulation due to its potential to hinder innovation, he believes oversight in AI could ensure ethical use and safety. As AI technology advances at breakneck speed, the right balance between fostering innovation and establishing safeguards becomes critical for sustainable progress.

Promote your Job at FintechWeekly
Promote your Job at FintechWeekly
— via Fintech Weekly

Unlock access to a community of top-tier fintech professionals by posting your job listings on FintechWeekly. Starting from just €299, you can amplify your recruitment reach and find the perfect match for your team. Post your job today and attract the talent you need to elevate your business.

The 18th Asian Financial Forum
The 18th Asian Financial Forum
— via Asian Financial Forum

The 18th Asian Financial Forum returns to Hong Kong on 13-14 January 2025 to bring together global business communities, corporate leaders, policymakers and regulators for discussions and exchange of insights on the global economy from an Asian perspective.

News: What does Australia's under-16 social media ban mean for financial services?
— via 11:FS

Laura Watkins and her guests discuss key global financial stories. Highlights include Australia’s new social media ban for under-16s, Meta’s anti-scam measures, Deel’s acquisition of Atlantic Money, and HUB2’s $8.5M funding round. The podcast explores how regulation and innovation intertwine, particularly with fintech startups navigating compliance while expanding globally.

How AI and Cryptocurrencies Will Boom Under Trump's Leadership in US
— via Analytics Insight

The convergence of blockchain, AI, and machine learning is reshaping industries, but regulatory uncertainty looms. If Trump regains U.S. leadership, his policies could determine whether these technologies soar or face new hurdles. As innovation collides with potential oversight, the future of this sector hangs in the balance.

Generative AI in Banking and Financial Services: Revolutionizing Regulatory and Legal Analysis
— via Finextra

The BFSI sector stands to gain transformative benefits from Generative AI, from enhancing compliance to improving decision-making. However, navigating strict regulatory frameworks presents both opportunities and challenges. For businesses, embracing AI while ensuring adherence to complex compliance rules is key to unlocking its full potential.

Qatar, United Kingdom launch project to strengthen cooperation in Artificial Intelligence
— via Gulf Times

The UK and Qatar have launched a collaborative AI research initiative led by QMUL and HBKU. The partnership aims to establish a joint roadmap for responsible AI development, ensuring both countries benefit from innovation while addressing ethical and regulatory challenges. This initiative underscores the importance of cross-border cooperation in AI advancements.

Lack of upskilling and reglementation is holding back GenAI adoption within financial services firms
— via Business Review

According to the EY European Financial Services AI Survey, only 9% of financial leaders in Europe feel they are leading in AI adoption. While 28% report accelerating AI integration, many firms remain cautious, especially with GenAI. Regulatory complexities and risk aversion are slowing progress, despite leaders’ aspirations to harness AI’s transformative potential.

Jobs

Show all Job Postings
Show all Job Postings
— via Fintech Weekly

Exciting opportunities await in the dynamic world of fintech! Explore all of FintechWeekly's current job listings. Whether you're an industry veteran or a budding professional, our curated selection has something for everyone.

Product Manager I - Consumer
Product Manager I - Consumer
— via Coinbase

Ready to be pushed beyond what you think you’re capable of? At Coinbase, our mission is to increase economic freedom in the world. It’s a massive, ambitious opportunity that demands the best of us, every day, as we build the emerging onchain platform — and with it, the future global financial system.

Binance Accelarator Program - UX Designer
Binance Accelarator Program - UX Designer
— via Binance

Binance Accelerator Program is a concise fixed-term program designed for Early Career Talent to have an immersive experience in the rapidly expanding Web3 space.

Product Manager (Hong Kong based)
Product Manager (Hong Kong based)
— via Crypto.com

Our Product Management team drives product initiatives from inception through execution, makes impacts and launches products/features across our global footprint. We collaborate closely with engineers, designers, analysts, marketers, and other cross-functional team members to ship remarkable features and products.

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