AI News, Pintec collaborates with ICBC in micro artificial intelligence

Pintec partners with ICBC to develop inclusive finance

It will offer PINTEC’s proprietary dynamic, real-time wealth management and robo-advisory technology services to fintech firms and institutional investors.

Since its launch in 2012, PINTEC has launched various AI-based digital analytic services including robo advisory platform (POLARIS), digital lending (DUMIAO), online mutual funds (HONGDIAN), and online insurance broking (MYFIN).

The licence will enable the firm to provide investment services, powered by artificial intelligence (AI), to retail clients in the city-state.

PIVOT CEO Victor Lye said: “PIVOT’s entry into the consumer space with this CMS license supports our vision of financial inclusiveness through constructive disruption and supports Singapore’s vision to be a fintech innovation hub.”

Infosys Launches Blockchain-Powered Distributed Applications for Government Services, Insurance, and Supply Chain Management Domains

The Toronto-Dominion Bank (TD) (TSX: TD) announced today that the Toronto Stock Exchange (TSX) and the Office of the Superintendent of Financial Institutions Canada (OSFI) have approved TD’s previously announced normal course issuer bid.  As previously announced, TD intends to terminate its existing normal course issuer bid and launch a new normal course issuer bid to repurchase for cancellation up to 30 million of its common shares.

 Under the rules of the TSX, TD is entitled to repurchase, during each trading day, up to 804,012 common shares (excluding purchases made pursuant to the block purchase exception), being 25% of the average daily trading volume of 3,216,047 common shares during the six calendar months prior to the commencement of the bid.

TD’s existing normal course issuer bid will be terminated at the close of business on December 23, 2019 and the 20 million common shares repurchased for cancellation under that bid will be deducted from the maximum number of shares that may be repurchased by TD under a normal course issuer bid pursuant to the rules of the TSX.

Forward-looking statements include, but are not limited to, statements made in this document, the Management’s Discussion and Analysis (“2019 MD&A”) in the Bank’s 2019 Annual Report under the heading “Economic Summary and Outlook”, for the Canadian Retail, U.S. Retail, and Wholesale Banking segments under headings “Business Outlook and Focus for 2020”, and for the Corporate segment, “Focus for 2020”, and in other statements regarding the Bank’s objectives and priorities for 2020 and beyond and strategies to achieve them, the regulatory environment in which the Bank operates, and the Bank’s anticipated financial performance.

Especially in light of the uncertainty related to the physical, financial, economic, political, and regulatory environments, such risks and uncertainties – many of which are beyond the Bank’s control and the effects of which can be difficult to predict – may cause actual results to differ materially from the expectations expressed in the forward-looking statements.

Risk factors that could cause, individually or in the aggregate, such differences include: credit, market (including equity, commodity, foreign exchange, interest rate, and credit spreads), liquidity, operational (including technology and infrastructure), model, reputational, insurance, strategic, regulatory, legal, environmental, capital adequacy, and other risks.

Any forward-looking statements contained in this document represent the views of management only as of the date hereof and are presented for the purpose of assisting the Bank’s shareholders and analysts in understanding the Bank’s financial position, objectives and priorities and anticipated financial performance as at and for the periods ended on the dates presented, and may not be appropriate for other purposes.

FORTUNE Most Powerful Women Summit 2020

covered: Fair wage, supporting education and skills training, internal and external workforce development, youth and refugee  unemployment “Work,” says Pope Francis, “is fundamental to the dignity of the  person.” Yet global unemployment is rising, especially in emerging markets.

As a critical driver of economic growth, the private sector is responsible for 90% of employment in the developing world—including both formal and informal jobs.

Women especially have been shut out of the formal economy, despite evidence that employing women improves the health and well-being of communities—and boosts overall economic growth.How can global businesses expand current efforts in supply chains to bring more women into the workforce?

covered: Sustainable food systems, improving nutritional value for the poor, investing in farmers, crop productivity/resilience,food prices, clean water and water shortages, international aid crisis (extreme hunger), providing food and water to refugee camps Pope Francis declares it “scandalous” that, despite sufficient levels of production, there is still hunger and malnutrition in the world—a sentiment echoed by business leaders.

In the developing world, nearly a billion people still do not have access to clean, safe, drinking water—and many scientists cite impending water shortages as the crisis of our times.

covered: Equity in education, literacy, educating girls, technology for learning, bringing education to refugees  Pope Francis believes education should enrich rather than impoverish and should be inclusive rather than elitist.

Some 40% of employers globally find it difficult to recruit people with the skills they need, and the UN reports a growing skills void so serious that it will “stunt economic growth around the world, [threatening] to have far-reaching social and political repercussions.” How can the private sector help accelerate progress in delivering quality education for all of the world’s children and youth? How can companies broaden Internet access beyond the 10% of schools now connected?

covered: Funding SME’s and social enterprise, impact investment, investing in entrepreneurs Pope Francis showcased his personal dedication to the value of entrepreneurism when he announced the creation of a Vatican accelerator for innovative startups that leverage technology to improve education.

growing number of investors are committed to the concept of “doing well by doing good” with strategies that reward positivesocial environmental outcomes while promising healthy financial returns.

What bold action can the private sector take to foster and encourage outside-the-box thinking around entrepreneurship—especially among startups that are tackling issues directly related to poverty and that intersect with their own business interests?