I had a debate around the enshittifying dialogue the other day. At dinner with an executive from a Big Tech firm, he said that our world is made better with technology, not worse. So, I asked him to give me five examples of how it makes our world better. Here’s what he came up with….…

I was interviewed the other day by Jason Hartman for Authority magazine for some top tips for fintechs and finance. Worth a read but it you cannot be bothered clicking, here is the interview! As part of my series about the “How to Navigate and Succeed in the Modern World of Finance”, I had the pleasure of……

Investing app Grifin today officially launched its anticipated investing model called “Adaptive Investing,” which enables you to automatically invest in your favorite brands that you frequently shop from. Grifin was founded in 2017 with the hope of making investing less intimidating and normalizing it for people who aren’t that financially savvy. To date, Grifin has…

There are many who compare bitcoin to digital gold, and there are many others who claim that bitcoin is just snake oil selling and a waste of time. Who is right and who is wrong? I guess the first thing is to define snake oil. Snake oil is a term used to describe a scam….…

Things we’re reading today include … 15 of the strangest fintech interview questions from Stripe, Revolut and more (efinancialcareers.com) Bombed-out bank shares are a failure of modern capitalism | The Spectator British banks want Big Tech to pay up when people are scammed online – POLITICO HSBC shares fall most since 2020 after profits plummet……

U.S. Bank is using technology company Pagaya to leverage its AI-driven underwriting for personal loans to consumers.   Pagaya’s AI-powered credit decisioning platform will conduct a secondary review for consumers who are usually locked out of the credit market, according to the bank’s Feb. 15 release. Pagaya provides U.S. Bank with a holistic view about…

HSBC plans to increase spending in 2024 as the bank invests in technology and its people.  Costs are expected to grow to $31.2 billion, up 5% compared to 2023 due to higher technology spend and an increase in staff compensation, according to the bank’s fourth-quarter 2023 earnings release.  HSBC plans to invest in technology for…

Allison Baller, Federal Reserve Bank of Boston vice president and head of industry readiness for FedNow, will speak at Bank Automation Summit U.S. 2024.  Baller will join the panel “Strategies for automating real-time payment processes” on Tuesday, March 19, at 3 p.m. CT.  She will discuss innovation in real-time payments and how to select the…

Chip manufacturing behemoth Nvidia posted record revenue in the fourth quarter as companies across industries look to develop and deploy generative AI.  The Santa Clara, Calif.-based company posted data center revenue of $18.4 billion, up 409% year over year, according to the company’s earnings report. “Fourth-quarter data center growth was driven by both training and…

Lloyds Bank is modernizing its technology and expects to save 1.2 billion pounds ($1.5 billion) through the efforts in 2024.   The London-based bank’s focus on technology aims “to increase the pace and efficiency of change,” Chief Executive Charlie Nunn said today during the bank’s fourth-quarter earnings call.   According to the earnings presentation, the…