The fintech industry is rapidly evolving and disrupting traditional financial systems. In this article, we bring you the latest research insights to help you stay ahead of the curve and understand the future of financial technology. Enjoy researching!
Principled Instructions Are All You Need for Questioning LLaMA-1/2, GPT-3.5/4 (Arxiv)
This paper presents 26 guiding principles aimed at optimizing the interaction with large language models (LLMs) through effective prompts. The goal is to simplify the process of formulating questions for different scales of LLMs, exploring their capabilities, and improving user comprehension. The principles are tested on various models, including LLaMA-1/2 and GPT-3.5/4. The findings suggest that precise prompts significantly enhance LLM performance. Read more
Indian fintech funding witnessed a decline of 63% in 2023: Report (The Hindu Business Line)
Funding in the fintech sector has experienced a notable decline in India and globally, with a 63% drop to $2 billion in 2023 compared to $5.4 billion in 2022. Late-stage rounds secured $1.4 billion, reflecting a 56% decrease, and early-stage and seed-stage rounds faced declines of 73% and 69%, respectively. Despite challenges, Bengaluru emerged as the leader in total fintech funding in 2023; as such, India still retains position as a significant player globally. Read more
The state of diversity in global private markets: 2022 (McKinsey & Company)
McKinsey releases an intriguing “The State of Diversity in Global Private Markets: 2023” report, highlighting the challenges in achieving diversity in the global industry. While gender parity is close at entry levels, women remain underrepresented in senior roles, and progress is slow, potentially taking decades. Some firms excel in gender diversity, and regional variations impact achieving parity. See a sample below and read more
UK FinTech investment in Q4 2023 reaches $1.4bn more than previous three quarters combined (Fintech Global)
In Q4 2023, the UK’s FinTech sector demonstrated resilience in investment, recording 72 deals, despite a 56% reduction from Q4 2022. However, the total funding for UK FinTech companies in the same period reached $1.4 billion, reflecting a robust 9% YoY increase. Notably, the UK Treasury plans to introduce legislation for Buy-Now Pay-Later (BNPL) in early 2024, while the FCA addresses concerns in the BNPL sector. Read more
Supply chain disruption and energy supply shocks: impact on euro area output and prices (European Central Bank)
The freshly released paper by De Santis (2023) investigates the impact of supply chain disruption shocks, energy supply shocks, and demand shocks on inflation expectations, core Harmonized Index of Consumer Prices (HICP), and real GDP in the euro area from 2020 to 2022. Considering supply chain dynamics in understanding inflation and output fluctuations is still highly relevant, all current trends considered, and reflecting on the past can help orient ourselves to the future. Read more
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