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.

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, 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 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.