The OpenAI story was eclipsed yesterday by monumental news in the world of crypto. The world's largest crypto exchange, Binance, has agreed to pay $4.3 billion in fines to the U.S. government for violating anti-money-laundering requirements.
Banks use relationship-based services to attract and retain customers in these times of higher interest rates. SunTec Business Solutions President Amit Dua said if these services are correctly deployed, they benefit both the bank and the customer.
Yesterday, the SEC announced that it is suing Kraken for operating as an unregistered securities exchange. This follows similar actions in June against the two largest crypto exchanges, Coinbase and Binance.
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If a financial institution looks beyond the hype of AI and tempers its expectations, it can use AI to deliver measurable business results. That’s been the experience of Amount’s director of decision science Garrett Laird.
Rising interest rates drive retailers to seek new options that will encourage safe consumer spending. That is good news for companies like Accrue Savings, which offers an FDIC-insured wallet that helps customers build a balance with their favorite retailers.
The fintech industry urges the government to expedite the procedure, contending that the current legal framework is impeding growth.
Findings from a new Google Cloud survey on sentiment around generative AI among banking executives.
Research from TransUnion suggests that the Federal Housing Finance Agency’s (FHFA) move to a bi-merge system could significantly impact both consumers and lenders while providing little benefit.
The American Fintech Council Policy Summit in Washington DC brought together fintech, banking and government leaders for a full day of learning and networking.
The Israel-Palestine conflict rages on, and for many fintech workers in Tel Aviv, life has had to continue through the chaos.