General (85)

U.S. Agencies Issue Warning About AI Bias in Automated Banking, Marketing Services

U.S. regulators are warning AI financial tools marketed as "bias-reducing" may actually yield unlawful discrimination. To that end, the Consumer Financial Protection Bureau (CFPB), the Federal Trade Commission (FTC), the Civil Rights Division of the United States Department of Justice and the U.S. Equal Employment Opportunity Commission issued a joint statement calling for a commitment to “the core principles of fairness, equality, and justice” as new AI-driven fintech solutions continue to be explored.


Generative AI to Make Massive Impact in Fintech Space: Report

There is little doubt generative artificial intelligence (AI) technology is poised to substantially impact major segments of both consumer and producer markets in nearly every economic region; and pinpointing the scope of that impact has generated much spilled ink in recent months.


Fintech App Usage Showing Strong Signs Of Life After Dismal ‘22

Fintech, e-commerce and gaming app usage has surged this year despite significant economic obstacles and a sluggish 2022, according to a recently released report from analytics firm Adjust.


Fintech Deals Showed Signs of Life in '22: KPMG

Fintech deals cooled in 2022, but pockets of promising data sprinkled in a new global market report indicate there are signs of life in the middling space, according to information from KPMG.


His Majesty’s Treasury Taking Bold Action to Keep UK Atop the Fintech Food Chain

His Majesty’s Treasury has been hard at work in recent weeks as it released a comprehensive crypto regulation roadmap days ahead of a separate proposal to create a state-backed digital currency. Both initiatives represent significant steps toward solidifying the UKs status as one of the preeminent crypto hubs in the world.  


Stena Center for Financial Tech to Hit the Sweet Spot Between Education, Fintech

Blending fintech with education is akin to mixing peanut butter and chocolate, says University of Utah President Taylor Randall. The result of mixing either is “magic.”


First-ever FIS Global Innovation Report: C-suite Sees Innovation As Matter of Survival

The inaugural FIS Global Innovation Report indicates top executives have a growing appetite for embedded and decentralized finance as well as “cautious optimism” with respect to cryptocurrencies.


Coinbase CEO Looks for Silver Linings After Layoffs

As economic uncertainty continues to stifle economists across the globe, companies of virtually every shape and size have been forced to react. To that end, it is no secret the crypto industry has been hit particularly hard by a confluence of detrimental economic factors and high-profile scandals.


DeFi, Web3 Draw Top VC Eyeballs Amid Downtrend in Capital Flow

The decentralized finance (DeFi) and Web3 spaces have attracted a lot of attention from top-15 VC institutions, but broader trends indicate an overall slowdown in venture capital coming from the biggest funds, per a new report from Pitchbook.


OCC’s New Fintech Office Will Reshape Digital Asset Landscape in 2023

The complexion of digital asset and fintech oversight in the U.S. will shift dramatically in 2023 as the Office of the Comptroller of the Currency (OCC) announced the creation of a new office dedicated solely to addressing the complexities of the space.  


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