Top FinTech News for Tech Leaders
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Summary: In a surprising move, the US Securities and Exchange Commission (SEC) has approved the sale of spot Ether Exchange-Traded Funds (ETFs). This landmark decision, following combined proposals from Nasdaq, NYSE, and CBOE, paves the way for Ethereum-based financial products. The approval mirrors the SEC’s earlier green light for Bitcoin ETFs, which led to a historic price surge. However, trading of spot Ether ETFs won’t commence immediately; issuers must first secure SEC approval for individual registration statements, including investor disclosures. The timeline for this process remains uncertain, leaving the crypto market eagerly anticipating the next steps.
Summary: Spanish banking giant BBVA has teamed up with ChatGPT developer OpenAI to roll out generative AI tools across its workforce. The Bilbao-based bank is deploying 3,000 ChatGPT Enterprise licenses among employees in its central services in Spain, with plans to expand to other key regions. Launched by OpenAI in November 2022, ChatGPT quickly gained fame for its content generation and complex query resolution capabilities. BBVA aims to boost productivity and efficiency while fostering innovation. This initiative aligns with BBVA’s strategy to enhance its technology and AI prowess, as evidenced by its recent consolidation of tech subsidiaries into BBVA Technology. Ricardo Martín Manjón, BBVA’s global head of data, sees this partnership as transformative for customer support and employee creativity.
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Summary: Mastercard has introduced five global startups to its Start Path Blockchain and Digital Assets program, aimed at enhancing user experiences and showcasing blockchain technology's potential. As blockchain and digital assets revolutionize financial services by enhancing trust and transparency, Mastercard leverages its payments expertise to bridge these innovations with practical use cases. The program, offering bespoke training and access to Mastercard's extensive network, supports startups like France’s Kulipa, the UK's Parfin, and Singapore’s peaq. These companies focus on crypto payment solutions, enterprise blockchain software, and digital infrastructure, respectively. Since 2014, Mastercard’s program has nurtured over 400 startups, fostering innovation and scaling blockchain solutions globally.
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Bluebird team