Disrupting Dollars AI’s Charge - Issue #458 March 7th, 2024

PayPal has launched PayPal Complete Payments, a new service for online small businesses in the UK, Canada, and over 20 European countries, enabling them to accept a wide array of payment options. Designed to boost transaction efficiency and security, the service integrates with major e-commerce platforms and offers innovative features like secure payment storage and Package Tracking. Highlighted by a notable increase in merchant card acceptance rates, the solution provides essential protections against fraud and chargebacks, coupled with competitive, flexible pricing for businesses.

Join our free 1-hour webinar on March 12th at 1pm CET to discover how Generative AI is transforming financial services. We’ll cover real-world applications, the technology behind the change, including ChatGPT and LLMs, and how to develop finance-focused GenAI applications. Register for webinar

Join us for RE•WORK's highly anticipated AI in Finance Summit New York 2024, happening on April 24-25, 2024, at etc.venues 360 Madison, in New York, NY. Get the latest cutting-edge use cases from people leading AI initiatives from the most innovative companies in BFSI. Learn how companies from other sectors are: - Using the most effective ML Models to combat fraud - Advancing conversational AI for chatbots with NLP - Embracing ethical and transparent AI practices to protect the privacy of their customers - ... And much more!

To register, visit: https://ny-ai-finance.re-work.co/register Use discount code: FINTECHWEEKLY for 30% discount

FinTech World Forum 2024 is based in London UK Europe as one of leading fintech events 2023 for global financial services, finance and banking technology industry. Its focuses on Mobile Payments, Lending, Insurance, Blockchain, Bitcoin, Investment, Money, Crypto, Cryptocurrency, Digital, Innovation, Wallet, Pensions, Funds, Payment, Tech, Financial Services, Technology, Bank, Wealth Management, Insurtech, Regtech and Wealthtech. For more info visit: https://fintechconferences.com/

Impact Investing Conference 2024 in London is the Impact Investing World Forum (IIWF) 2024 as one of leading social impact investment events for ESG Funds, UN SDGs, Investor and sustainable investing in UK Europe Oxford University. The event brings together hedge funds, wealth management, private equity, venture capital, foundations, endowments, bonds and ESG investing professionals. More info: https://impactinvestingconferences.

Klarna has introduced a new AI chatbot, developed using OpenAI technology, that has matched the workload of 700 customer service agents in just one month. Handling two-thirds of the company's customer interactions, the bot engaged in 2.3 million conversations, delivering satisfaction levels equivalent to those of human agents.

As a Product Manager, you are responsible for driving continued expansion and implementing requirements to drive stratospheric growth of our products.

The Executive Director's primary responsibility will involve business development, cultivating and nurturing institutional client relationships on a global scale.

Flywire is looking for an experienced, motivated, and hardworking Relationship Manager (RM) to help with the delivery and execution of our solution to partner institutions.

During the 2024 bull run, AI is surpassing cryptocurrency in growth prospects, with leading companies such as Nvidia, Microsoft, and AMD spearheading advancements in AI technology. Despite steady growth in the crypto sector, AI's anticipated 37% compound annual growth rate (CAGR) until 2030 underscores its significant potential and expansive scale.

Regulatory fragmentation in the region offers challenges and opportunities for Web3 adoption. Nathan Kim from Unopnd stresses the importance of collaboration for maximizing Web3's potential, highlighting how strategic partnerships are key to fostering a crypto-friendly environment, particularly in South America and Southeast Asia. Major Web2 companies such as Sony, Square Enix, and Riot Asia are increasingly engaging in the Web3 space, notably in gaming, aiding in the development of this supportive ecosystem.

Fintech has undergone significant transformation recently, largely driven by advancements in artificial intelligence (AI) and machine learning (ML). These technologies have permeated every aspect of the financial industry, reshaping core functions and decision-making processes. As a result, AI investment in fintech is expected to have more than tripled from 2019 to the end of this year, reflecting the critical role AI and ML play in shaping the sector's future.

Investment Evolution Credit plc (IEC), a prominent global fintech group, has unveiled a strategic partnership that has led to the formation of MRAL Spain Corporation, aimed at revolutionizing consumer lending in Spain. This collaboration integrates IEC's 'Mr. Amazing Loans' brand with Spain Co's advanced artificial intelligence lending technology, signifying a critical milestone in IEC's global expansion strategy.

Following PayPal's modest revenue forecast, some investors hastily sold their shares, but a detailed analysis suggests this downturn is an excellent chance to buy. Those optimistic about artificial intelligence should view PayPal as a promising long-term investment, recognizing its significant role in both the fintech and AI sectors, thus offering a dual advantage in the evolving market landscape.

The Fintech Benchmarks 2024 report reveals that most central banks lack staff training in artificial intelligence (AI), with only 37.1% of 35 surveyed banks providing AI training. While 48.6% have no such training, 14.3% are planning to introduce it. Regarding eligibility, 70.6% of the institutions that offer training make it available to all staff, but nearly half restrict the training solely to IT department personnel.