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Sam Altman Returns: OpenAI Board Changes | Fund Tokenization: 1-3 Year Forecast by Asset Managers | Binance DOJ Deal: $4.3B, CEO Guilty Plea & Exit

This week’s must-know stories in the FinTech, AI and Digital Asset space:

  • Sam Altman’s back. Here’s who’s on the new OpenAI board and who’s out
  • Asset managers expect fund tokenization within 1-3 years
  • Binance DOJ settlement $4.3 billion. CEO steps down, pleads guilty

    Plus, 9 more exclusive stories to help you stay ahead of the curve! The latest edition of the FinTech Ecosystem Newsletter is here:

    Join our Community

    Join our community of 52,000+ subscribers and stay informed on the latest trends and news in the FinTech & AI world with the weekly newsletter provided by Bussmann Advisory. Gain insights into disruptive technologies, industry updates, and success stories from our portfolio companies.

    Unlock the Future of Finance: Empower Your Team with Cutting-Edge FinTech & AI Insights!

    Don’t miss out on the chance to empower your team with crucial knowledge about disruptive technologies, FinTech, AI and Digital Assets! As trusted advisors to CEOs, CxOs, and Boards, we help you to tackle scale-up challenges and seize digital opportunities.

    We offer expert advisory services for executive teams and customized in-person or virtual courses on relevant topics. Elevate your organization’s understanding of the future of finance – contact us at info@bussmannadvisory.com for more details and let’s transform your business together.

    Please note that this newsletter reflects Bussmann Advisory’s and Oliver Bussmann’s personal views and not those of any organization we are involved with. This newsletter is for educational purposes only and none of its content should be construed as investment or financial advice of any kind. More information on www.bussmannadvisory.com.

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    OpenAI’s Sam Altman exits as CEO | Microsoft announces custom AI chip that could compete with Nvidia | PMorgan Chase tops bank AI index

    This week’s must-know stories in the FinTech, AI and Digital Asset space:

    • OpenAI’s Sam Altman exits as CEO because ‘board no longer has confidence’ in his ability
    • Microsoft announces custom AI chip that could compete with Nvidia
    • JPMorgan Chase tops bank AI index

    Plus, 9 more exclusive stories to help you stay ahead of the curve! The latest edition of the FinTech Ecosystem Newsletter is here:

    Join our Community

    Join our community of 52,000+ subscribers and stay informed on the latest trends and news in the FinTech & AI world with the weekly newsletter provided by Bussmann Advisory. Gain insights into disruptive technologies, industry updates, and success stories from our portfolio companies.

    Unlock the Future of Finance: Empower Your Team with Cutting-Edge FinTech & AI Insights!

    Don’t miss out on the chance to empower your team with crucial knowledge about disruptive technologies, FinTech, AI and Digital Assets! As trusted advisors to CEOs, CxOs, and Boards, we help you to tackle scale-up challenges and seize digital opportunities.

    We offer expert advisory services for executive teams and customized in-person or virtual courses on relevant topics. Elevate your organization’s understanding of the future of finance – contact us at info@bussmannadvisory.com for more details and let’s transform your business together.

    Please note that this newsletter reflects Bussmann Advisory’s and Oliver Bussmann’s personal views and not those of any organization we are involved with. This newsletter is for educational purposes only and none of its content should be construed as investment or financial advice of any kind. More information on www.bussmannadvisory.com.

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    JP Morgan’s JPM Coin processes $1 billion daily | Google pitches offline CBDC to central banks | NVIDIA Report: State of AI in Financial Services

    This week’s must-know stories in the FinTech, AI and Digital Asset space:

    • JP Morgan’s JPM Coin processes $1 billion daily
    • Google pitches offlice CBDC to central banks
    • NVIDIA Report: State of AI in Financial Services

    Plus, 9 more exclusive stories to help you stay ahead of the curve! The latest edition of the FinTech Ecosystem Newsletter is here:

    Join our Community

    Join our community of 50,000+ subscribers and stay informed on the latest trends and news in the FinTech & AI world with the weekly newsletter provided by Bussmann Advisory. Gain insights into disruptive technologies, industry updates, and success stories from our portfolio companies.

    Unlock the Future of Finance: Empower Your Team with Cutting-Edge FinTech & AI Insights!

    Don’t miss out on the chance to empower your team with crucial knowledge about disruptive technologies, FinTech, AI and Digital Assets! As trusted advisors to CEOs, CxOs, and Boards, we help you to tackle scale-up challenges and seize digital opportunities.

    We offer expert advisory services for executive teams and customized in-person or virtual courses on relevant topics. Elevate your organization’s understanding of the future of finance – contact us at info@bussmannadvisory.com for more details and let’s transform your business together.

    Please note that this newsletter reflects Bussmann Advisory’s and Oliver Bussmann’s personal views and not those of any organization we are involved with. This newsletter is for educational purposes only and none of its content should be construed as investment or financial advice of any kind. More information on www.bussmannadvisory.com.

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    Cyber Attack on Payments: $3.5T Global Cost | OpenAI Eyes $86B Valuation | Australia’s $11B Tokenization Savings

    This week’s must-know stories in the FinTech, AI and Digital Asset space:

    1. Payments system cyber attack could cost the world $3.5 trillion
    2. OpenAI is in talks to sell shares at $86 billion valuation
    3. Reserve Bank Australia: tokenization could save US$11 billion annually in Australia

    Plus, 9 more exclusive stories to help you stay ahead of the curve! The latest edition of the FinTech Ecosystem Newsletter is here:

    Join our Community

    Join our community of 50,000+ subscribers and stay informed on the latest trends and news in the FinTech & AI world with the weekly newsletter provided by Bussmann Advisory. Gain insights into disruptive technologies, industry updates, and success stories from our portfolio companies.

    Unlock the Future of Finance: Empower Your Team with Cutting-Edge & AI Insights!

    Don’t miss out on the chance to empower your team with crucial knowledge about disruptive technologies, FinTech, AI and Digital Assets! As trusted advisors to CEOs, CxOs, and Boards, we help you to tackle scale-up challenges and seize digital opportunities.

    We offer expert advisory services for executive teams and customized in-person or virtual courses on relevant topics. Elevate your organization’s understanding of the future of finance – contact us at info@bussmannadvisory.com for more details and let’s transform your business together.

    Please note that this newsletter reflects Bussmann Advisory’s and Oliver Bussmann’s personal views and not those of any organization we are involved with. This newsletter is for educational purposes only and none of its content should be construed as investment or financial advice of any kind. More information on www.bussmannadvisory.com.

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    ChatGPT & Job Shifts: AI Review Roles Emerge | Amundi’s $2T Plan: Tokenizing Funds | BlackRock, Barclays Join JP Morgan’s Token Network

    Join our community of 50,000+ subscribers and stay informed on the latest trends and news in the FinTech & AI world with the weekly newsletter provided by Bussmann Advisory. Gain insights into disruptive technologies, industry updates, and success stories from our portfolio companies.

    This week’s must-know stories:

    ChatGPT’s Impact on the Job Market – “While ChatGPT stokes fears of mass layoffs, new jobs are being spawned to review AI”


    While the rise of generative AI, like ChatGPT, has sparked concerns over job displacement, new roles are emerging that focus on reviewing AI outputs. Prolific, a UK-based company, compensates individuals for reviewing AI-generated content. The company collaborates with major entities like Meta, Google, and academic institutions. These human reviewers provide essential feedback on AI outputs, ensuring accuracy and preventing harmful content generation. The CEO of Prolific, Phelim Bradley, emphasizes the importance of “AI workers” in shaping AI models and ensuring ethical AI development. Source

    Amundi’s Tokenization Plans – “$2 trillion asset manager Amundi eyes tokenizing money market funds”


    Amundi, one of Europe’s largest asset managers with over $2 trillion in assets, is exploring the tokenization of money market funds in Italy. Gabriele Tavazzani, CEO of Amundi Italy, envisions creating the first tokenized fund under Italian law, which would be open, digitally native, and fungible. This move aligns with Italy’s growing interest in tokenization, with other firms like Azimut and MedioBanca also venturing into this space. Source

    JP Morgan’s Tokenized Collateral Network (TCN) – “BlackRock, Barclays join JP Morgan’s Tokenized Collateral Network”


    JP Morgan’s Onyx division has launched its TCN, with BlackRock and Barclays initiating transactions on the platform. The inaugural transaction involved BlackRock tokenizing shares in its Money Market Fund and using them as collateral with Barclays for a derivatives contract. Tokenization can expedite the transfer of asset ownership, offering instant settlements. This initiative aims to reduce operational friction in meeting margin calls, especially during market pressures. Source

    Plus, 9 more exclusive stories to help you stay ahead of the curve!

    Subscribe now to empower your FinTech journey with the essential insights and connections you need to succeed. Don’t miss out – join our vibrant community today!

    More information on www.bussmannadvisory.com. The latest edition of the FinTech Ecosystem Newsletter is here:

    Unlock the Future of Finance: Empower Your Team with Cutting-Edge FinTech & AI Insights!

    Don’t miss out on the chance to empower your team with crucial knowledge about disruptive technologies, FinTech, AI and Digital Assets! As trusted advisors to CEOs, CxOs, and Boards, we help you to tackle scale-up challenges and seize digital opportunities.

    We offer expert advisory services for executive teams and customized in-person or virtual courses on relevant topics. Elevate your organization’s understanding of the future of finance – contact us at info@bussmannadvisory.com for more details and let’s transform your business together.

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    Metro Bank UK: 2023’s Next Bank Collapse? | Samsung’s Trackable Card Unveiled | UBS Tests Tokenized Fund on Public Blockchain

    Join our community of 50,000+ subscribers and stay informed on the latest trends and news in the FinTech & AI world with the weekly newsletter provided by Bussmann Advisory. Gain insights into disruptive technologies, industry updates, and success stories from our portfolio companies.

    This week’s must-know stories:

    Metro Bank’s Financial Struggles: Will Metro Bank in the UK be 2023’s next banking collapse?

    UK’s Metro Bank shares plummeted by 31% following reports of its urgent need to raise funds to stabilize its finances. The bank is in discussions to raise £250 million in equity and £350 million in debt. Since its establishment in 2010 as a challenger to major UK banks, Metro Bank’s shares have dropped nearly 66% since mid-September. This decline was exacerbated when UK regulators denied its request to modify capital requirements calculations for its residential mortgages. The bank’s challenges have been ongoing, with significant losses reported in recent years and fines imposed for understating the risk of certain loans. Source

    Samsung’s IoT-Trackable Credit Card: Samsung unveils revolutionary card that can be physically tracked

    Samsung has unveiled a unique credit card in South Korea that can be tracked using its SmartThings Find service. This integration offers users real-time card location via Bluetooth Low Energy technology, enhancing security and aiding in locating misplaced cards. Currently exclusive to South Korea, this card reflects the growing integration of IoT in everyday payment tools. Source

    UBS’s Tokenized Fund on Ethereum: UBS pilots tokenized money market fund on public blockchain

    UBS Asset Management has piloted a tokenized money market fund on the Ethereum public blockchain as part of the Monetary Authority of Singapore’s Project Guardian. Tokenizing funds can enhance liquidity and market access. UBS executed fund subscriptions and redemptions using smart contracts and aims to expand its tokenization efforts with more partners. Source

    Plus, 9 more exclusive stories to help you stay ahead of the curve!

    Subscribe now to empower your FinTech journey with the essential insights and connections you need to succeed. Don’t miss out – join our vibrant community today!

    More information on www.bussmannadvisory.com. The latest edition of the FinTech Ecosystem Newsletter is here:

    Unlock the Future of Finance: Empower Your Team with Cutting-Edge FinTech & AI Insights!

    Don’t miss out on the chance to empower your team with crucial knowledge about disruptive technologies, FinTech, AI and Digital Assets! As trusted advisors to CEOs, CxOs, and Boards, we help you to tackle scale-up challenges and seize digital opportunities.

    We offer expert advisory services for executive teams and customized in-person or virtual courses on relevant topics. Elevate your organization’s understanding of the future of finance – contact us at info@bussmannadvisory.com for more details and let’s transform your business together.

    Please note that this newsletter reflects Bussmann Advisory’s and Oliver Bussmann’s personal views and not those of any organization we are involved with. This newsletter is for educational purposes only and none of its content should be construed as investment or financial advice of any kind. 

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    Microsoft to offer AI assistant to top clients from Nov. 1 | Cisco’s record $28B buy: Acquires cybersecurity firm Splunk | Apple, Goldman halt iPhone stock-trading plan amid market shift

    Join our community of 50,000+ subscribers and stay informed on the latest trends and news in the FinTech & AI world with the weekly newsletter provided by Bussmann Advisory. Gain insights into disruptive technologies, industry updates, and success stories from our portfolio companies.

    This week’s must-know stories:

    1. Microsoft to sell AI assistant software to biggest clients starting Nov. 1
    2. Cisco makes largest ever acquisition, buying cybersecurity company Splunk for $28B
    3. Apple and Goldman were planning stock-trading feature for iPhones until markets turned

    Plus, 9 more exclusive stories to help you stay ahead of the curve!

    Subscribe now to empower your FinTech journey with the essential insights and connections you need to succeed. Don’t miss out – join our vibrant community today!

    More information on www.bussmannadvisory.com. The latest edition of the FinTech Ecosystem Newsletter is here:

    Unlock the Future of Finance: Empower Your Team with Cutting-Edge FinTech & AI Insights!

    Don’t miss out on the chance to empower your team with crucial knowledge about disruptive technologies, FinTech, AI and Digital Assets! As trusted advisors to CEOs, CxOs, and Boards, we help you to tackle scale-up challenges and seize digital opportunities.

    We offer expert advisory services for executive teams and customized in-person or virtual courses on relevant topics. Elevate your organization’s understanding of the future of finance – contact us at info@bussmannadvisory.com for more details and let’s transform your business together.

    Please note that this newsletter reflects Bussmann Advisory’s and Oliver Bussmann’s personal views and not those of any organization we are involved with. This newsletter is for educational purposes only and none of its content should be construed as investment or financial advice of any kind. 

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    Visa launches Visa cross-border solutions | Citi joins blockchain bond exchange | Franklin Templeton files for Bitcoin ETF

    Join our community of 50,000+ subscribers and stay informed on the latest trends and news in the FinTech & AI world with the weekly newsletter provided by Bussmann Advisory. Gain insights into disruptive technologies, industry updates, and success stories from our portfolio companies.

    This week’s must-know stories:

    • Visa launches Visa cross-border solutions
    • Citi joins blockchain bond exchange
    • Franklin Templeton files for Bitcoin ETF

    Plus, 9 more exclusive stories to help you stay ahead of the curve!

    Subscribe now to empower your FinTech journey with the essential insights and connections you need to succeed. Don’t miss out – join our vibrant community today!

    More information on www.bussmannadvisory.com. The latest edition of the FinTech Ecosystem Newsletter is here:

    Unlock the Future of Finance: Empower Your Team with Cutting-Edge FinTech & AI Insights!

    Don’t miss out on the chance to empower your team with crucial knowledge about disruptive technologies, FinTech, AI and Digital Assets! As trusted advisors to CEOs, CxOs, and Boards, we help you to tackle scale-up challenges and seize digital opportunities.

    We offer expert advisory services for executive teams and customized in-person or virtual courses on relevant topics. Elevate your organization’s understanding of the future of finance – contact us at info@bussmannadvisory.com for more details and let’s transform your business together.

    Please note that this newsletter reflects Bussmann Advisory’s and Oliver Bussmann’s personal views and not those of any organization we are involved with. This newsletter is for educational purposes only and none of its content should be construed as investment or financial advice of any kind. 

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    LSEG examines blockchain for digital cross-asset ecosystem | JP Morgan explores deposit tokens | Apple releases patch after Pegasus breach

    Join our community of 50,000+ subscribers and stay informed on the latest trends and news in the FinTech & AI world with the weekly newsletter provided by Bussmann Advisory. Gain insights into disruptive technologies, industry updates, and success stories from our portfolio companies.

    This week’s must-know stories:

    1. London Stock Exchange explores blockchain for cross-asset digital ‘ecosystem’
    2. JP Morgan investigating deposit tokens
    3. Apple issues emergency patch after Pegasus spyware breach

    Plus, 9 more exclusive stories to help you stay ahead of the curve!

    Get ready to embark on a journey into the world of finance and technology at the 8th Singapore FinTech Festival from 15 – 17 November 2023. We are delighted to offer you a 20% discount off Delegate Pass: Link to claim this discount

    Subscribe now to empower your FinTech journey with the essential insights and connections you need to succeed. Don’t miss out – join our vibrant community today!

    More information on www.bussmannadvisory.com. The latest edition of the FinTech Ecosystem Newsletter is here:

    Unlock the Future of Finance: Empower Your Team with Cutting-Edge FinTech & AI Insights!

    Don’t miss out on the chance to empower your team with crucial knowledge about disruptive technologies, FinTech, AI and Digital Assets! As trusted advisors to CEOs, CxOs, and Boards, we help you to tackle scale-up challenges and seize digital opportunities.

    We offer expert advisory services for executive teams and customized in-person or virtual courses on relevant topics. Elevate your organization’s understanding of the future of finance – contact us at info@bussmannadvisory.com for more details and let’s transform your business together.

    Please note that this newsletter reflects Bussmann Advisory’s and Oliver Bussmann’s personal views and not those of any organization we are involved with. This newsletter is for educational purposes only and none of its content should be construed as investment or financial advice of any kind. 

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    Elon Musk’s X gets payments licenses in 7 US states | OpenAI debuts ChatGPT Enterprise | Google prices AI in Gmail at $30/user/month for big firms

    Join our community of 50,000+ subscribers and stay informed on the latest trends and news in the FinTech & AI world with the weekly newsletter provided by Bussmann Advisory. Gain insights into disruptive technologies, industry updates, and success stories from our portfolio companies.

    This week’s must-know stories:

    1. Elon Musk’s X platform has payments licenses in seven US states
    2. OpenAI launches ChatGPT Enterprise
    3. Google to charge big businesses $30 per user per month for AI in Gmail

    Plus, 9 more exclusive stories to help you stay ahead of the curve!

    In the upcoming Teradata event “Fuel your future at Possible” on September 12 in London, Oliver Bussmann, CEO of Bussmann Advisory, will join esteemed industry experts in the panel discussion “Discover what’s next with thought leaders”. This insightful Q&A session, moderated by Martin Willcox, VP Analytics & Architecture at Teradata, will delve into the latest industry insights from top thought leaders. The event promises a deep exploration of innovation driven by generative AI and harmonized data. Don’t miss out; secure your spot now: Event Registration.

    Subscribe now to empower your FinTech journey with the essential insights and connections you need to succeed. Don’t miss out – join our vibrant community today!

    More information on www.bussmannadvisory.com. The latest edition of the FinTech Ecosystem Newsletter is here:

    Unlock the Future of Finance: Empower Your Team with Cutting-Edge FinTech & AI Insights!

    Don’t miss out on the chance to empower your team with crucial knowledge about disruptive technologies, FinTech, AI and Digital Assets! As trusted advisors to CEOs, CxOs, and Boards, we help you to tackle scale-up challenges and seize digital opportunities.

    We offer expert advisory services for executive teams and customized in-person or virtual courses on relevant topics. Elevate your organization’s understanding of the future of finance – contact us at info@bussmannadvisory.com for more details and let’s transform your business together.

    Please note that this newsletter reflects Bussmann Advisory’s and Oliver Bussmann’s personal views and not those of any organisation we are involved with. This newsletter is for educational purposes only and none of its content should be construed as investment or financial advice of any kind.