Weekly Roundup
Retail Investor Participation in the U.S.
It was reported that retail investors continued to pour more money into U.S. stocks.
ESG Investing
Both the SEC and the Department of Labor have recently highlighted an interest in climate and ESG investing issues.
Artifical Intelligence
The EU proposed strict rules on artificial intelligence on a wide range of areas, including technology firms and bank lenders. The proposal requires companies providing artificial intelligence in high- risk areas to provide risk assessments, documentation regarding the decision-making process of technology, and a guarantee of human oversight of how systems are created and used.
Crypto ETFs
Three etherium ETFs gained approval in Canada, building on earlier approval in of its first-to- market Bitcoin ETFs, including Purpose Bitcoin ETF (BTCC) which has already amassed over $1 billion in assets in less than two months.
Cybersecurity
A United States court sentenced a cyber-hacker to 10 years in prison for his administrator role of a hacking, malware and phishing group, FIN7.
In the Mix: This Week’s Top FinTech Thought Leader
- Charlton Mcllwain, Professor, NYU, continued his thought leadership on artificial intelligence and ethics.
- Heather Slavkin Corzo, was named policy director for SEC Chair Gary Gensler, bringing her background as director of capital markets policy at the AFL-CIO to the SEC’s agenda on ESG and other issues.
- Selin Bucak, journalist, wrote about fintech trends for Generation Z, and why TikTok teens might be the next fintech trend for neo banks.