News Update: FCA Warnings, Fintech Funding, and LLM’s Transformative Power
Join us for a compelling conversation as Credit Shift host Paul Sweeney is joined once again by Webio CEO, Cormac O'Neill, to examine the latest news, trends, and reports within the credit industry. From the FCA's recent warning to the insurance industry about poor practices to the UK Competition and Markets Authority's enlightening report on AI Foundation models, we leave no stone unturned. Listen in as we also take a close look at Nationwide's remarkable account offering an 8% interest rate, and the crucial implications of digitalisation in treasury management. We're also examining the repercussions of the recent drop in fintech funding on startups and larger enterprises alike. Get insights on the value of fintech, the potential of JNAI in the claims process, and the ever-growing compliance requirements. Cormac asks what can LLM’s bring to Amazon’s Alexa smart speakers. This intriguing discussion could provide valuable insights for those in the finance industry, and anyone interested in the growing influence of AI in our everyday lives.Sources:https://www.covermagazine.co.uk/news/4126983/fca-sounds-warning-bell-protection-manufacturers-poor-practiseshttps://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1185508/Full_report_.pdfhttps://www.theguardian.com/money/2023/sep/21/nationwide-launches-8-account-as-battle-for-uks-savings-intensifies#https://www.finchcapital.com/post/the-return-of-funding-discipline-triggered-the-ecosystem-to-fight-for-profitability-to-survivehttps://www.cnbc.com/2023/09/18/morgan-stanley-chatgpt-financial-advisors.htmlhttps://voicebot.ai/2023/09/21/microsoft-copilot-flies-generative-ai-features-across-windows-11-edge-office-and-every-other-microsoft-app/https://voicebot.ai/2023/09/20/amazon-gives-alexa-a-generative-ai-makeover/For more information visit: Webio.comThis podcast is produced in partnership with Podlad.com