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Can you close the gate after the horse has bolted?
We need global regulation of all technology … but can we? Building on yesterday’s piece, there is a call in many circles for the global regulation of Big Tech. In fact it goes far further than Big Tech. It’s a call for regulating everything online. From cryptocurrencies to social media to artificial intelligence … it……
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Check fraud to reach $24B in 2024
Industrywide, financial institutions are seeing an uptick in synthetic identities, scam activity and check fraud even as digital channel adoption grows. In fact, check fraud is expected to reach $24 billion in 2024, according to a Jan. 3 newsletter from Frank McKenna, chief strategist for AI-driven fraud detection platform Point Predictive. As consumers lean into…
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P2P leader PayPal to redesign mobile app
PayPal will invest in a new app to launch in 2024 alongside a new strategy to drive engagement with better consumer experiences like AI-driven shopping. “Redesigning our app and creating improved, frictionless onboarding paths are tangible ways that we plan to drive higher penetration,” Chief Executive Alex Chriss said during PayPal’s fourth-quarter earnings call. Chriss…
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Here are the fintech startups that could go public in 2024
Could 2024 be the year for fintech IPOs? Quite possibly, according to F-Prime Capital’s State of Fintech 2024 report. F-Prime — a VC firm with over $4.5 billion in assets under management that tracks the performance of emerging, publicly traded and privately held financial technology companies — naturally remains bullish on the fintech space, noting that:…
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Things worth reading: 9th February 2024
Things we’re reading today include: ‘Trendy’ Monzo now feels like a children’s bank – I’m leaving for Barclays (telegraph.co.uk) JPMorgan Survey Shows Over Half of Institutional Traders Don’t Want Crypto Exposure (coindesk.com) Fintech engineer grounded by crypto fraud caper • The Register Group pretends to be dead outside Southampton bank branch (yahoo.com) Philip Hammond had……
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Do you need to be a bank in real life to be a bank in virtual life?
Vitalik Buterin, the guy who created Ethereum cryptocurrency and smart contracts, blogged the other day about what happens when AI and blockchain collide. Funnily enough, that’s the theme of my new book Intelligent Money. Vitalik cites four major areas where blockchain and AI will make a difference, and each has different ramifications. The focal point……
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Could we run the banking system outside the banking system?
I’ve asked myself this question often recently: could the banking system be run outside the banking system? I guess the start point of this discussion is: what is the system? Just like to be or not to be, that is the question. What is the system? It’s a debate I’ve been having for years –……
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Could we run the banking system outside the banking system?
I’ve asked myself this question often recently: could the banking system be run outside the banking system? I guess the start point of this discussion is: what is the system? Just like to be or not to be, that is the question. What is the system? It’s a debate I’ve been having for years –……
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Could we run the banking system outside the banking system?
I’ve asked myself this question often recently: could the banking system be run outside the banking system? I guess the start point of this discussion is: what is the system? Just like to be or not to be, that is the question. What is the system? It’s a debate I’ve been having for years –……
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Could we run the banking system outside the banking system?
I’ve asked myself this question often recently: could the banking system be run outside the banking system? I guess the start point of this discussion is: what is the system? Just like to be or not to be, that is the question. What is the system? It’s a debate I’ve been having for years –……