Tag: Banks

Seed-stage startups face a 52% decrease in deals for Q1 2023, urging founders to reassess the value of their investors. Law firms warn that AI-enabled technology development may create legal issues, and federal and state law violation risks. In contrast, the Fed's new initiative, FedNow, will allow instant payments 24/7/365, paving the way for fintech companies' growth, while Japan's VC market hit a record high in 2022. Learn more about these trends and the strategies of investors active in Japan's startup ecosystem in this informative article.

French startup Escape secures €3.6m in funding after completing Y Combinator's winter 2023 cohort. Their AI-based cybersecurity product identifies API security flaws with dynamic tests, targeting banks and financial services. Jobs could be worth tens of thousands of euros per year.

Apple Inc has now joined a select group of companies taking a stand against the use of ChatGPT AI systems. Aimed at preventing any corporate data breaches, this includes Amazon, JPMorgan Chase, Bank of America, Citigroup, and Deutsche Bank. Samsung's stance on ChatGPT is more temporary, recently banning and then approving its use. OpenAI has launched a feature to disable the saving of chat histories to protect privacy. Apple's recent move signals a serious focus on data security. Ensuring ethical and reliable implementation of AI technology is the key to success.

Credgenics, a leading provider of SaaS-based debt collections and resolution technology platform, has announced operational profitability in its fourth year of operations. With an anticipated revenue of Rs 240 crore in the upcoming fiscal year, Credgenics leverages technology to digitally transform debt collections, generating guaranteed increases in resolution rates, collections, and efficiency. Backed by WestBridge Capital, find out how Credgenics is connecting creditors and debtors with its innovative technology solutions!

This Bloomberg TV program explores the impacts of banks, ChatGPT, Apple, Fox News, and Cybersecurity on the markets. Our panel of expert analysts discuss bank earnings, the Fox News-Dominion lawsuit, Brookfield's debt default and Tesla’s earnings with commentary on ChatGPT’s deciphering Fed Speak, Apple’s new store launch in India, plus an update on the cybersecurity landscape.