BBE: News From The Fintech Front — January 2024
In a riveting episode hosted by the insightful Paolo Sironi i and featuring the dynamic duo of Bruno Macedo and Natasa Kyprianidou, Breaking Banks Europe ventured deep into the dynamic landscape of financial technology. The stage was set with a jaw-dropping revelation from JPMorgan Chase & Co., uncovering an alarming surge in hacking attempts — a staggering 45 million cyber attacks daily. This unsettling revelation served as a stark reminder of the ever-evolving sophistication of fraudsters in the digital age.
The conversation then pivoted to the groundbreaking research from the IBM Institute for Business Value, which painted a compelling vision of an “everywhere, everyday bank” through the lens of embedded finance. Davos 2024 took center stage, where generative AI regulation, climate change, and conflict emerged as pivotal topics dominating elite discussions.
Legal matters took the spotlight as the episode delved into the New York Times’ lawsuit against Microsoft and OpenAI, alleging copyright infringement related to AI tools using content without proper permissions. Bruno Macedo from Temenos brought valuable insights into the transformative potential of Generative AI in the banking sector.
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Samsung’s Galaxy S24 Series marked a new era of Mobile AI, promising barrier-free communication, unleashing creativity, and presenting endless possibilities. The discussion reached new heights as the guests shared their “WOW moments,” highlighting the ascent of Chief Product Officers in Financial Services and contemplating the potential impact of optimal savings splitting.
As the episode drew to a close, the spotlight shone on JPMorgan Chase’s strategic move — spearheading a $300 million funding round in a quantum computing firm. This bold initiative underscored the industry’s unwavering commitment to embracing cutting-edge technologies, signaling a future where finance and technology walk hand in hand.
Tune in to breaking banks Europe episode 213 for a captivating exploration of the financial and technological frontier with Paolo Sironi, Bruno Macedo, and Natasa Kyprianidou. From cybersecurity challenges to the promise of Generative AI, this episode promises a rollercoaster ride through the future of finance and technology.
📺 Watch the full episode here: https://www.youtube.com/watch?v=b86YlGwTPDE&t=1s
Article by Andrea De Caro
