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.

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.

UN Women notes 65% of men (globally) report having an account at a formal financial institution, only 58% of women do. In part, a lack of financial literacy can also contribute to women being less likely to start their own businesses or to hold senior leadership positions in organisations. On a much darker note, a lack of financial independence can mean a lack of options, trapping women in desperate situations. This podcast aims to inspire parents, women, and of course, girls themselves to think early about the importance of financial independence and basic financial literacy. https://bankingongirls.com/