Fintech & LLMs play the Long Game

What's UP this Week - Episode 2

What’s UP this Week is a weekly video update from the Ulysses Partners team on all things Fintech, Banking, and Innovation. We’ve added the video and short text summary of the second episode below:

Summary:

• Truist, one of the top banks in the US, launched a financial wellness and gamification app called "Long Game" to engage Gen Z and younger consumers. Truist acquired Long Game, an independent FinTech firm, as a way to innovate and attract younger customers.

• A BCG study suggests that while FinTechs have experienced robust growth in the past, they are currently in a "FinTech winter." However, the fundamentals of the FinTech market remain strong, and it is expected that FinTechs will capture a significant share of banking revenue and valuation market share by 2030.

• Boost AI, a specialist in conversational AI tools, has taken a considered approach to using large language models (LLMs) in their chatbots and conversational AI tools. They aim to release LLMs to customers more quickly and safely by incorporating them into their training processes.