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This Week in Fintech: TFT Bi-Weekly News Roundup 08/08

The Fintech Times

He is currently CFO at St Edmundsbury and Ipswich Diocesan Multi Academy Trust , as well as being a trustee of national youth charity EmployabilityUK and on the board of advisors of fintech GFA Exchange. M&A Ripple has agreed to acquire stablecoin payments platform Rail for $200million to expand its digital asset payments offering.

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Fintech Review: A Guide

Fintech Review

They use alternative credit scoring methods and automated underwriting. Wealthtech Wealthtech includes robo-advisors, stock trading apps, pension tools, and financial planning software. Banks acquire or partner with fintech startups to accelerate innovation. It democratises investing by lowering fees and entry barriers.

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5 high-ROI uses of RAG models in banking and fintech

Finextra

Morgan Stanley built a GPT-4-based assistant for their over 16,000 advisors. With it, advisors instantly search over 100,000 internal documents to automatically generate client-meeting debriefs, reports, and action items. As a result, advisors scopes are automatically widened to include those that may have been overlooked or misjudged.

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The Invisible Engine of Social Commerce? Fintech's Role in the Creator-Led Revolution - Interview with Kyrillos Akritidis

Fintech Weekly

No doubt, traditional underwriting models aren't built for creators. Fintech can aggregate income data across channels, providing a single, clear financial dashboard to help creators understand their business in real terms. Finally, there's credit. Banks require payslips, balance sheets, or country-specific equivalents to the U.S.

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Rethinking Scale and Trust in Fintech: Why Serving Small Businesses Still Demands Rigor - Interview with Anchit Singh

Fintech Weekly

The early work at my current role was hands-on, building and scaling our credit models, partnering with data science to continuously refine underwriting, and ensuring we could lend responsibly while keeping user experience seamless. Credit and risk management are foundational to fintech.

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From Legacy to Innovation: The Ongoing Transformation of Banking through Technology

Fintech Weekly

Rosalia Mazza Jul 2nd Banking Revolut Moves to Enter Argentina’s Banking Sector with Planned Acquisition of Banco Cetelem Revolut plans to acquire Argentina’s Banco Cetelem, marking its first major step into South America. The deal could grant the fintech a banking licence as it expands amid Argentina’s financial reforms.

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Allianz Plans to Acquire 51% Stake in Income Insurance for S$2.2 Billion

Fintech News

Allianz has announced plans to acquire a majority stake in Singapore’s Income Insurance through its subsidiary, Allianz Europe B.V. These are distributed through agents, financial advisors, bancassurance, and direct channels. Allianz ‘s offer of S$ 40.58 per share values the 51 percent stake at approximately SG$ 2.2