Curated by www.knowledgeinnovations.com – Your authoritative knowledge source mapping FinTech, Innovations, Artificial Intelligence, Blockchain, Big Data, Machine Learning
October 21, 2023
Welcome to Emerging Tech Trends (ETT), focusing on technologies shaping the future.
In this edition,
AI Will Trigger Financial Crisis If Left Unchecked : SEC Chairman Gary Gensler warns that AI could cause a financial crisis within a decade if left unchecked. Regulating AI faces challenges due to risks from financial markets stemming from technology created by companies outside the SEC’s purview and focusing on individual institutions, banks, and brokers
Chinese Central Bank Unveils SIM Card-based Offline CBDC Wallet : The Chinese central bank has introduced an offline SIM card-based digital yuan “hard” wallet solution, enabling users make payment with the CBDC with powered-down phones
The Potential Competitive Effects of CBDC on Deposits, Payments and Bank Business Models : A survey examines the competitive effects of CBDC on commercial bank deposits, payment means, and bank business models and suggests CBDC’s effects on commercial bank deposits and lending are manageable, but its overall impact on payment intermediaries and bank business models is still under investigation
TRAINING
5th Cohort Professional Certificate Training in Financial Technology(FinTech) and Innovations : From November 19-20, for the fifth time, this training is expected to power a new group of individuals and companies in FinTech Innovations through knowledge & skills set training at the Kofi Annan ICT Centre, Accra-Ghana & Online. Click here to register
EVENTS
Hong Kong Fintech Week 2023 : Hong Kong Fintech Week, an annual event attracting 12,000 senior executives, features 250 top speakers from finTech founders, investors, regulators, and academics, with satellite events from October 30 to November 5
OPPORTUNITY
MAS Announces 19 Finalists for the AI in Finance Global Challenge under 2023 Global FinTech Hackcelerator : MAS has announced 19 AI in Finance Global Challenge finalists, including cognitive AI for financial document processing, Large Language Models for sentiment analysis, and Generative AI for financial risk identification with top three winners receive S$50,000 each
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