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The business world is obsessed with “the metaverse”: the concept of shared worlds driven by virtual products and digital experiences that are highly immersive and interactive. The metaverse could represent a $1T market by the end of the decade, according to CB Insights’ Industry Analyst Consensus. lab-to-table.
In an era where technology and innovation are pivotal to competitive advantage, the financial services industry stands on the cusp of a transformative revolution, primarily driven by the advent and integration of generative AI technologies. trillion to US$4.4 trillion globally across various industries.
With the rise of cryptocurrency and the emergence of decentralised finance, or DeFi, as well as the more recent push for Web3, this surge in interest around redecentralisation, or just a return to decentralisation, starts to make sense. What the heck is the metaverse? This was in large part due to the popularity of cryptocurrencies.
Back before social distancing, when people used to have cocktail parties, “ metaverse ” would have been a cocktail party word. But as it moves away from concept and toward reality, the metaverse could become a legitimate platform for retail. There are actually several kinds of metaverses. TikTok is technically a metaverse.
Embracing Artificial Intelligence (AI) and Machine Learning (ML) AI and ML are gaining substantial traction within the APAC fintech sector. In 2024, AI-driven chatbots and virtual assistants are expected to provide enhanced customer support and financial advice. billion by 2027.
artificial intelligence (AI) in finance and cybersecurity. The featured technologies will span hot topics such as sustainable finance, generative AI, embedded finance, banking-as-a-service (BaaS), personalization, and super-apps. AI in Finance Summit New York 2024 April 24 – 25, 2024 etc. Register here.
At the same time, industry stakeholders showed interest in AI, with both investors and corporates looking for ways to leverage AI-generated content within fintech use cases, especially in marketing and customer engagement functions. AI, and regional developments in the financial sector.
With more than 15 years of experience gained at large multinationals and Fortune 500 companies, Bushahri will lead her team in supporting Kuwait’s ambitious digitalization and workforce training agenda, helping companies to leverage the enormous potential of cloud computing and business AI. Harnett has spent the past 20 years at AXIS Capital.
In the Qonto report , European SMEs revealed their intention to massively invest in tech, such as AI, and digitisation in 2024, especially in Germany, Italy, and Spain. More than three-quarters of respondents share at least some level of optimism about the benefits that fintech and AI could offer their business.
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