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CIOs in financial services embrace gen AI — but with caution

CIO

Highly regulated, customer-centric, and dependent on layers of human involvement and manual processes, financial services are ripe for automation through artificial intelligence (AI). So over the last several months, we’ve been taking a disciplined and educated understanding of large language models and generative AI.

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Payments remain the darling of the fintech space

TechCrunch

Every week, I’ll take a look at the hottest fintech news of the previous week. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. — Mary Ann Last week, I dug into CB Insights’ State of Fintech 2022 report.

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African fintech Pngme raises $15M for its financial data infrastructure platform

TechCrunch

Less than a year after its $3 million seed round, San Francisco- and Africa-based fintech Pngme has snapped up another $15 million for its financial data infrastructure play. The company is also describing itself as a machine learning-as-a-service platform. “It’s a highly data-driven user experience.

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A pivot, in this market?

TechCrunch

Big shout out to Kyle Wiggers, as well, who is fearlessly, and thoughtfully, covering artificial intelligence alongside Devin Coldewey. To learn more about where I’m going next, and to follow my work, check out my (free!!!) Now let’s get into a newsletter! The advice is a lot like one-size-fits-all,” Mohnot said. “We

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AI fintech products are operating at scale and investor interest is maturing

TechCrunch

It turns out that all the blather we’ve had to endure about artificial intelligence (AI) in the past decade is coming true, at least in certain applications for select companies. The Exchange explores startups, markets and money. But Upstart’s blockbuster guidance for 2021 is just a sliver of the story.

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Taktile raises $20M to help fintech companies test and deploy decision-making models

TechCrunch

The logic behind many fintech companies’ automated decisions — decisions that determine whether a customer is approved for a credit line, for example — is hard-coded into their app’s backend. ” Wehmeyer also sees Noble, a platform that provides a rules-based engine to edit and launch credit models, as a rival. .

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5 Reasons Launching A Fintech Startup Has Become So Challenging

Crunchbase News

By Pavel Shynkarenko The fintech industry recorded its highest year ever in terms of investment value in 2021, but the market has been a lot more challenging for the past two years. This doesn’t mean launching a new fintech venture is impossible. It means that the rules have changed.

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