Top Fintech Reports in 2024, Latam’s Tech & Fintech are Hot, AI is Disrupting the Music Industry and Nodd is Launching

Edition 13 | April 10, 2024

Welcome to the pulsating heart of fintech innovation! In this edition, we're diving headfirst into the dynamic currents reshaping finance - from AI's strategic renaissance in cybersecurity to LatAm's fintech explosion valued at $526B.

As Nodd - The Music Distro Platform & Digital Wallet?for?Artists gears up for its grand unveiling, we spotlight pivotal movements: SWIFT's leap into digital currencies, blockchain's transformative impact on banking, and a critical look at fintech's funding landscape amidst a significant downturn. Plus, don't miss insights on product roadmaps, the burgeoning music industry tech, and top fintech reports of 2024. Stay ahead, stay informed!

Without further ado, let's dive into the topics.

ARTIFICIAL INTELLIGENCE

Managing AI Specific Cyber Risks via Nafis Alam

?? Navigating AI Cyber Risks in Finance ??: Key insights from the U.S. Department of the Treasury's March 2024 report ! The financial sector rethinks AI's role amid rapid tech advances, eyeing new strategic uses. Challenges in adapting risk frameworks for emerging AI, like Generative AI, underscore the urgency for tailored strategies. The increasing reliance on third-party tech & data providers amplifies concerns, calling for a cohesive AI risk management approach. ??? #AI #Cybersecurity #Finance #Innovation

BANK TECHNOLOGY NEWS

Pygma has presented the first startups participating in the PY5: Future of Fintech Program

We are honored to present the first startups participating in the PY5: Future of Fintech program. ?? These fintechs seek to take the fintech ecosystem in Latam to the next edge. ?? Soon, we will be announcing more participants in this evolution. ??

Semantiks PayMon Cresium Nodd - The Music Distro Platform & Digital Wallet?for?Artists Xisfo FinTech Ikualo Blinka Muney App

Fintech Megatrends 2024 Report via Nafis Alam

???? Exciting News for #Fintech & #MusicDistribution Aficionados! Our latest #FintechMegatrends2024 report is here, with insights from Plug and Play & top VCs ! ????

?? From #SustainableFinance to #GenerativeAI, we’re diving into how #innovation is reshaping the fintech landscape. Discover the future of #CFOtech, #WealthTech, and KYC/AML processes, all while navigating the complexities of today's #investment ecosystem. ????

?? Amidst macroeconomic shifts, see how #startups are overcoming fundraising hurdles, and why unit economics are the new black. ????

?? AI's potential is exploding, reshaping everything from #RegTech to personal finance. Meanwhile, #Blockchain tech ushers in a new era of asset tokenization and digital assets custody. ????

Top 10 Fintech Reports 2024 via Sanjeev Kumar

???? Dive into 2024's top #FintechReports! From #LatinAmerica's booming $509B e-commerce to the transformative power of #GenerativeAI in banking ????, and the unstoppable rise of #DigitalWallets, hitting $25T by 2027! ???? Explore the latest on #RealTimePayments, #BaaS boosts, and #AIRevolution in banking. Ready for the future? ???? #FintechTrends2024 #Innovation #DigitalPayments

Powering Corporate Banking Through Interoperability via Mehdi Sardaoui

?? Revolutionizing #CorporateBanking with Interoperability! Dive into how seamless data exchange & tech partnerships are shaping the future of finance. Full insights here ?? [Link ] #FinTech #DigitalTransformation ????

Swift planning launch of new central bank digital currency platform in 12-24 months

???? SWIFT gears up to bridge the traditional and digital currency worlds with a groundbreaking CBDC platform in 12-24 months! Aiming to connect 90% of central banks exploring digital currencies to its vast global network. This move could redefine global finance, ensuring seamless integration and bolstering SWIFT's pivotal role. #DigitalCurrency #FinanceInnovation #CBDC ????

Sculpting A Promising Remote Banking Ecosystem via Victor Yaromin

???? Unveiling the Future of Banking! Victor Yaromin reveals how #Blockchain is revolutionizing remote banking - enhancing security, efficiency, and customer experience . ????? From tackling fraud to speeding up transactions, discover blockchain's power in creating a seamless, secure banking ecosystem. #FinTech #DigitalBanking #BlockchainInnovation

State of Fintech 2024 - Europe and US focus via Sam Boboev

???? Fintech VC Investment Plunges to $42B in 2023, a 63% YoY Drop! Despite the downturn, the US & Europe's fintech startups hold a whopping $2T in value, 66% still private . Payments shine, attracting 3x more funding than any sub-industry, while Crypto & DeFi face steep declines. Climate fintech & vertical payments emerge as resilience sectors amidst market recalibration. #Fintech2024 #VCInvestment #PaymentsLead ??????

MUSIC INDUSTRY NEWS

New US bill could make developers disclose their use of copyrighted music to train generative AI models

?????? Big news for #AI & #MusicIndustry enthusiasts! A new US bill, championed by Rep. Adam Schiff, aims to bring transparency to the use of copyrighted music in AI model training. ??? The Generative AI Copyright Disclosure Act requires developers to disclose copyrighted content, ensuring creators get the recognition they deserve. This is a game-changer for ethical AI development and creators' rights. ???? Read more about how this pivotal step could shape the future of tech & creativity . #EthicalAI #CreatorsRights #InnovationForAll ????

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Takedown Fails: Artists Are Seeing Their Music Removed From DSPs for Streaming Fraud They Didn’t Commit

?????? Artists Alert! Many musicians, like the Flashbulb's Benn Jordan, are facing unexpected takedowns of their music from DSPs like Spotify & Tidal due to streaming fraud crackdowns - without their involvement ! ???? TuneCore and DistroKid's stringent policies aim to combat this issue but have inadvertently affected legitimate artists. Spotify 's new rules mean no royalties for tracks under 1,000 streams & fines for fraud, putting pressure on distributors. TuneCore pledges to refine policies for fairer treatment, while DistroKid's strike system stirs controversy. ?????? Innocent artists are caught in the crossfire, highlighting the complex battle against stream manipulation.

Let's support real talent and demand transparency & fair practices in our streaming world! #MusicIndustry #StreamingFraud #FairPlayForArtists ???

Confirmed: Warner Music Group won’t be making a bid for Believe

???? #WarnerMusicGroup opts out of bidding for #Believe , focusing on future successes without the acquisition. The music biz watches on! ???? #MusicIndustry #FintechTunes

PRODUCT and BUSINESS STRATEGY NEWS

Fintech R and R ???? - Product Roadmaps and Some Myths Busted via Jas Shah

????? Fintech Enthusiasts! Jas Shah spills the beans on #ProductRoadmaps, busting myths & revealing the secrets behind crafting successful strategies . ????? From chaotic traffic analogies to Reddit, Inc. 's IPO insights, discover the art of adaptable, strategic planning for fintech innovation. Dive into types, myths, & real-world examples that pave the way for future fintech giants. Embrace the journey, not just the destination! #FintechInnovation #RoadmapSuccess ???

Latin America Tech Sector Report via Arjun Vir Singh

???? #LatAmTech2024 shines as a beacon for #innovation and #investment! With a tech ecosystem now valued at $526B, up 4.5x in 5 years, #LatAm is ripe for #Fintech innovation, leading in VC investments even amidst global shifts. ???? Despite M&A challenges, the diversification beyond fintech into sectors like clean mobility & education shows a dynamic, evolving landscape . ???? Investors, take note: LatAm's growth, led by Brazil & fintech, marks it as a frontier of opportunity & resilience. #TechGrowth #StartupEcosystem ????

Microsoft Pitched OpenAI’s DALL-E as Battlefield Tool for U.S. Military

In a recent development that marks a potential shift in the application of artificial intelligence in military operations, Microsoft has proposed leveraging OpenAI's DALL-E, a cutting-edge image generation tool, for the U.S. Department of Defense . This suggestion revealed through materials from a Department of Defense seminar, underscores a new direction for OpenAI, an organization historically committed to the benign use of AI, following its quiet withdrawal from a stance against military engagements.

微软 's initiative aims to integrate AI tools like DALL-E and ChatGPT into defense mechanisms, enhancing capabilities from document analysis to maintenance and operational planning. However, this move has sparked discussions on the ethical implications of AI in warfare, especially concerning civilian harm and the fidelity of AI-generated data for military training.

Critics and experts raise concerns about the reliability of synthetic imagery for combat scenarios and the broader ethical and operational repercussions of deploying AI in such contexts. Despite these debates, the Department of Defense continues to explore AI's potential to revolutionize battlefield management and decision-making processes, highlighting the growing intersection of technology and military strategy.

GOVERNANCE, RISK AND COMPLIANCE NEWS

Why Fintechs are Vulnerable to Money Laundering ?? via Anna Stylianou

???? #Fintech's speed & innovation make it a target for money laundering. From automated processes to cross-border ease, here’s why vigilance in #AML is critical for the digital finance world . ????? #StaySafe #FinanceSecurity

RESOURCES AND TOOLS

Financial and Valuation Free Courses via Ruben D

???? Elevate Your #Startup Game! Dive into these FREE courses on Financial & Valuation Essentials ! ???? From mastering Startup Valuation Methods to unlocking the secrets of Financial Analysis, we've curated the ultimate resource list to skyrocket your financial acumen! ??

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