FinTech
My 2023 Predictions for Fintech
Survival of the Fittest: proven business models, profit focussed, who knew?Security & Fraud: if 2022 taught us anything, this is you
should be prioritising CAPEX in 2023.
Normalized funding rounds and valuations: 2021 was a mistake,
let’s just forget it happened and move on.
Big Tech Vultures: off the back of Fintech’s validating products,
Big Tech swoop in and replace or acquire capability.
AI (*cough* ML): plays a prominent role in new products
and experiences. BaaS Consolidation: It’s Highlander time for providers and
NEO’s, how many do we really need?BNPL Evolution: not revolution, times’ changing.
12 January 2023 by Adam Caines
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FinTech
I asked ChatGPT if it needs an AFSL, this is what it said...
Does ChatGPT need an AFSL?As a language model, ChatGPT does not need an Australian Financial Services (AFS) licence because it is not capable of providing financial services or advice. It is a tool that generates text based on the input it receives, but it does not have the ability to make decisions or offer recommendations. It is the responsibility of individuals and businesses to obtain financial advice from qualified and licensed professionals. In Australia, it is a legal requirement for businesses and individuals to hold an AFS licence if they provide financial services, including giving financial advice, to clients.
9 January 2023 by Adam Caines
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