The Daily Leo | FinTech Going Green and Robust
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FinTech Going Green and Robust
The financial technology (FinTech) sector is evolving rapidly with groundbreaking innovations as well as strategic collaborations and convergence. As environmental concerns rise globally, the integration of eco-friendly solutions is shaping the future of FinTech to make it both greener and more resilient has become necessary. This compilation explores recent FIntech developments, upcoming Fintech events, and other tech advancements. The featured articles are worth your reading time.
Tred - UK fintech makes debit cards from recycled plastic
Tred, a UK fintech company, makes debit cards completely from recycled plastic, provides sustainable banking services, invests ethically, offers a green debit card without fees, and supports green projects. The cards are gaining global acceptance due to Mastercard's backing. This development will reduce the carbon footprint of plastic card use, encourage sustainable financial decisions, support green businesses and projects, and contribute to a better climate. Tred's creation of a green debit card will provide sustainable banking options, offer money management insights through an app, invest in green startups, and support reforestation projects through card transactions.
Nigeria FinTech Week 2024 Unveils Schedule, Speakers, Topics & Sponsors
Nigeria FinTech Week 2024 (NFW24) has revealed its lineup of speakers, sponsors, and schedule for the 7th edition of the event focused on fostering fintech innovation and digital transformation. The Fintech event will be held from October 8-10, 2024 at Landmark Event Center in Lagos, Nigeria. The Nigeria FinTech Week themed "Positioning Africa’s Fintech Ecosystem to Accelerate Inclusive Growth," will drive fintech excellence in Africa, explore the role of fintech in economic development, and encourage collaboration and investment in building a vibrant and inclusive fintech ecosystem. Industry giants like Interswitch, Huawei, Zenith Bank, and Banwo & Ighodalo are among the top sponsors. The event will converge over 10,000 participants and leaders in the fintech ecosystem.
Advanced Voice Mode gets a new look and new voices on ChatGPT
OpenAI is rolling out new voices with Advanced Voice Mode to ChatGPT Plus and Team users on the app, in addition to a new look. The upgrade includes varied voices, improved conversational and comprehension abilities, and the replacement of the black dot animation with a blue animated sphere. The upgrade will make conversations with GPT more natural and immersive, and provide users with more customization options such as Custom Instructions and Memory in Advanced Voice Mode. The new Advanced Voice Mode features will first roll out to ChatGPT Plus and Teams users, then to Enterprise and Edu customers in the following week. The new voices available include Arbor, Maple, Sol, Spruce, and Vale, in addition to the existing voices Breeze, Juniper, Cove, and Ember. Custom Instructions and Memory features will also be available in Advanced Voice Mode.
Runway: New Generative AI Competitor Secures Partnership with Lionsgate
Runway, a generative AI competitor in film production, has partnered with Lionsgate. The partnership between Runway and Lionsgate is in the context of exploring the capabilities of AI in creating and training models. The partnership aims to advance the use of AI in film production, potentially changing the future of cinema by incorporating generative AI models in creating scenes and visuals. Runway utilizes the Gen-3 Alpha model to create scenes from text prompts with a high level of detail, offering a wide range of tools for users to enhance their creativity. The AI can generate visual effects, combine frames, and create images in various styles, including cinematic styles like 35MM, Thriller, and Cinematic. How sustainable will the Runway-Lionsgate partnership be?
Will China's Plan catalyze an Escape from Recession?
China has been fighting hard to get over the risk of recession through low labor costs and quantitative easing. This strategy was effective in the pre-COVID era until central banks decided to print money to feed people at home so they do not spread the virus. The new strategy is for the Chinese central bank to stimulate the stock market with loan options in a bid to hit the target level of 5% growth in 2024. Will this plan catalyze China's escape from recession? and how will other economies react?
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