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- A major bank's leadership shake-up 🚀
A major bank's leadership shake-up 🚀
PLUS: Deutsche Bank’s record €23M fine 💸
Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.
What we’ll cover today:
A major bank's leadership shake-up 🚀
Deutsche Bank’s record €23M fine 💸
Hot takes from top fintech experts 😎
Upcoming fintech events you can’t miss 🎉
FinWise Bank, a U.S. financial institution, has promoted its president, Jim Noone, to the position of Chief Executive Officer (CEO).
🚨 Breaking News:
Jim Noone, previously president of FinWise Bank, is now the CEO, succeeding Kent Landvatter, who remains executive chairman.
⚡ Wire Simplified:
Jim Noone joined FinWise Bank in 2018.
He became the bank's president in 2023.
Now, he's promoted to CEO.
Kent Landvatter, the former CEO, is now the executive chairman.
✔️ Straight to the Point:
FinWise Bank promotes Jim Noone to CEO, aiming for continued growth under his leadership.
🎤 Are internal promotions better for a company's stability? |
Deutsche Bank, Germany's largest bank, has been fined €23 million by BaFin, the country's financial watchdog, for various regulatory lapses.
🚨 Breaking News:
BaFin imposes a €23 million fine on Deutsche Bank for issues related to currency derivatives sales in Spain and other compliance failures.
⚡ Wire Simplified:
Deutsche Bank sold complex financial products in Spain that led to significant losses for some clients.
The bank was slow to investigate and fix these problems.
BaFin fined the bank €14.8 million for this issue.
An additional €8.25 million fine was imposed for other compliance failures, including not recording certain client conversations and delays in processing account switches.
✔️ Straight to the Point:
Deutsche Bank faces hefty fines for not following rules properly, highlighting the need for better compliance to regain trust.
Not only is DeepSeek one of the best models we can use right now, but it's also led to a massive increase in open-source contributions!
Here is a new one.
A flash attention implementation in JAX with context parallelism support. This is fast, pretty unique, and massively… x.com/i/web/status/1…
— Santiago (@svpino)
7:20 PM • Mar 5, 2025
We’re about to see AI Agents explode in SaaS. The entire architecture of most modern cloud services is to power multi-user, collaborative workflows, and AI Agents swap in as one of those collaborators naturally. These systems are extremely well suited for automation.
— Aaron Levie (@levie)
7:00 AM • Mar 6, 2025
FinTech Abu Dhabi 2025
Organized by the Abu Dhabi Global Market, this event explores the latest trends, regulatory advancements, and innovations in the FinTech sector.
Date: November 2025 | Location: Abu Dhabi, UAE
European FinTech Summit 2025
This event brings together Europe’s FinTech community to discuss the future of banking, payments, and digital currencies, along with showcasing innovative startups.
Date: June 2025 | Location: Brussels, Belgium
Blockchain Expo Europe 2025
While primarily blockchain-focused, this event includes significant FinTech topics such as digital payments, smart contracts, and decentralized finance.
Date: September 17–18, 2025 | Location: Amsterdam, Netherlands
What do you think about today’s edition? |
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