The Fintech Nexus 5 is our new fast-paced information present recorded each Thursday afternoon to carry you the highest 5 fintech information tales of the week.
Right here is that this week’s episode:
The highest 5 information tales this week:
- Why Visa is investing in synthetic intelligence startups from American Banker – The AI race continues with Visa throwing their hat within the ring asserting a brand new $100 million fund for funding in AI startups. The main funds community has in all probability the world’s largest dataset relating to funds they usually have already got an current ecosystem of accelerators and incubators for fintech startups. This new fund makes it clear they wish to keep on the forefront relating to AI.
- Lengthy Take: Is Apple Pockets’s Open Banking integration a fintech extinction occasion? from Fintech Blueprint – The Apple story was our lead story final week however Lex Sokolin gives an epic lengthy take bringing his inimitable fashion and distinctive insights into this transfer by Apple. You’ll examine sharks, ATMs, iPhones, neural implants, banking-as-a-service and extra. It’s should learn for anybody thinking about open banking.
- FTX Workers Discovered Alameda’s Secret Backdoor Months Earlier than Collapse from The Wall Avenue Journal – The trial of Sam Bankman-Fried started in New York Metropolis this week and already we now have seen some stunning new revelations. It seems that SBF’s enterprise arm, Alameda Finance, was allowed a backdoor into FTX’s system that allowed Alameda to siphon off as a lot as $65 billion from FTX. This was hardcoded into FTX’s methods and when an govt introduced it to management’s consideration she was fired.
- Monzo Picks Money App Vet Conor Walsh for US CEO from PYMNTS – Main UK digital financial institution Monzo has not given up on the US market. We discovered this week of the appointment of a brand new chief for his or her US enterprise. Conor Walsh was Head of Product at Money App for a number of years and is now taking up the massive problem of creating Monzo stand out within the aggressive US digital banking market.
- WhatsApp in-chat funds launching in India from Fintech Blueprint – The world’s hottest messaging app, WhatsApp, is bringing in-chat funds to the world’s most populous nation, India. Customers there’ll be capable of pay throughout the app by way of their debit or bank card or by way of the ever-present digital fee methodology, UPI. WhatsApp has already rolled out this function in each Singapore and Brazil.
