Finserv Reading - Week ending October 6, 2024

Bijon Mehta Bijon Mehta

Bijon Mehta

Chief Operating Officer I Enterprise Software I Adjunct Professor @ Fordham University

发布日期: 2024年10月6日
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Banking

Should banks make money from your financial data?

JPMorgan plans to open around 100 new branches in low-income areas

6 innovative app features pushing the mobile app experience beyond transactions

Chime's free overdraft feature extended $30 billion to users

Big banks joust with neobanks for lower income consumer accounts

The?future of banking is personal

Is API the most important 3 letter word in global banking innovation?

Starling Bank slapped with $38 million fine

Creating the best retail banking experience

The end of Lloyds Banking Group?

NatWest and RBS banking apps down leaving millions of customers unable to access accounts

Fifth Third forms new corporate and investment banking structure

Corporate and Investment Banking devote?20% to technology spending

Can Andrea Orcel, Europe's star banker, create a super bank?

What is the $100 billion Asian Infrastructure Investment Bank funding?

UBS chief warns of 'hard cuts' at Credit Suisse

How old banks are infusing new ideas in embedded finance?

How to build an embedded finance program from the ground up

HSBC has launched embedded finance joint venture

HSBC writes off $35 million stake in UK fintech Monese


Wall Street

New Texas exchange pledges tougher standards than New York rivals

Wall Street races to bring private credit to the masses

The stock market isn't all about AI anymore

New titans of Wall Street: How trading firms stole a march on big banks

US companies raise $20 billion in surge of follow-on stock issuance


Economy

How long can the US economy's 'goldilocks' moment last?

What Middle East conflict means for the global economy

How to fragment the global economy

US faces economic turbulence just as recession fears eased

Fed Chair Powell says the US economy is in 'solid shape' with gradual rate cuts coming


Geopolitics

How geopolitics changes the global sourcing equation

Supply chains belong at the top of a CEO's agenda

Global chipmaking hit as hurricane Helene disrupts quartz mining

Maersk cautions on costs and delays from US dockworkers strike

The market reaction to global tensions might not follow the old script

Saudi Minister warns of $50 oil as Opec members flout production curbs

Freight rates rise as companies plan for costly US port strike

Copper producers issue fresh warnings about price volatility

This $2.4 billion lithium mine is caught between Russia and the West

This conflict mineral gets smuggled into everyday tech

Despite geopolitical tensions, China is big business for Western consulting firms


Asset Management

ETFs are coming for private markets

Ballot box power is devolving to retail investors

Hedgies still shun private tech investments

Goldman Sachs?prodigy is struggling to join the hedge fund elite

3 lessons for investors from Vanguard founder John Bogle


Wealth Management??

Robinhood to launch margin trading in UK expansion drive

Charles Schwab names Rick Wurster as next CEO

Three actionable ways to bridge nexgen wealth management relationships

InvestCloud sets its sights on enabling a smarter future for wealth management

Your next financial advisor will be an app


Insurance

Homeowners?hit by Helene are in for an insurance claim shock

You have homeowners insurance. Is it enough to rebuild your house?

'People are very frustrated': Lloyd's of London IT delays cause unease

US P&C insurance industry on track for profits in 2024, says SwissRe

Disaster risk and rising home insurance premiums?


Real Estate???

Why mortgage rates haven't fallen since the Fed cut

China's housing glut collides with its shrinking population

Investors pounce on 'once in a decade' trade in European property bonds

China to allow home buyers to refinance mortgages in latest easing move


Payments?

Walmart will soon allow direct pay for customers shopping online

A PayPal and Apple Pay rival from the big banks is aiming big

UK payments could be delayed up to three days to prevent fraud

Wells Fargo and Fiserv end merchant acquiring JV

The buying power of your credit-card points is tanking


Venture Capital / Private Equity

Fidelity raised its first VC fund - but don't call it an emerging manager

Marc Rowan, the man with a plan to remake Wall Street

Blackstone says property rebound will not save over-indebted office owners

Bennett Goodman's Hunter Point raises debt to distribute cash to investors

Apollo's Marc Rowan says raising money is no longer the hard part. Finding deals is.

Apollo plans to double assets by 2029 as it lays down challenge to banks

Softbank to invest $500 million in OpenAI


AI / ML

OpenAI is putting down office?roots in New York

Stopping the great AI energy squeeze will need more than data centers

OpenAI establishes $4 billion credit facility

AI to have human-level abilities in a few years, Softbank CEO Son says

OpenAI feels competitors breathing down its neck

OpenAI nearly doubles valuation to $157 billion in funding round

OpenAI asks investors not to back rival start-ups such as Elon Musk's xAI

AI is fueling an Asia grid investment boom

Strategies to beat the AI bots

Even the 'godmother of AI' has no idea what AGI is

Banks are excited about AI. Their customers aren't so sure.

Banking tech alliance drafts enterprise AI adoption guidelines

Generative AI in finance: A team member or tool?

How private equity firms approach AI risks

OpenAI tells investors to avoid 5 AI startups


ESG / Climate Change

Mark Carney warns net zero will mean 'significant' stranded property assets

Have CEOs really gone quiet on climate change?

The great green business rethink is finally happening

Why North Carolina wasn't prepared for Helene

'It's going to be a mess': The flood insurance crisis following Helene's wreckage

AI-powered climate risk platform launched by Adaptive Insurance

Can you afford climate change?

A Florida congressman wants you to subsidize flood insurance. It's a terrible idea.

Private wealth and family offices see lower ESG uptake

More US CA100+ departures

Investor scrutiny shifts away from fossil fuel

Brazil's critical minerals and global clean energy revolution

Private markets emerge as major force in energy transition

Chasing Zero - Why battery power should unlock the energy transition

What is hydrogen energy?


Bigtech?

Did Apple just kill social apps?

Inside two years of turmoil at big tech's anti-terrorism group

Big tech's nuclear option

Big tech's undersea cable empire is building tomorrow's digital economy

Big tech 2025 capex may hit $200 billion as GenAI demand booms

Google's dominant search business is under attack from TikTok and AI startup


Fintech??

Fintech isn't dead. AI is driving a new beginning.

Favored fintech banking apps may soon disappear

Tackling user experience design in fintech

What the rise of embedded finance means for the future of fintech

Fintech drop deals by two-thirds during Q2 as investors back fewer but larger deals


Blockchain / Crypto?

More than one-third of institutional investors are exploring digital assets

Robinhood Crypto launches crypto transfers in Europe?

The big boys want in on crypto, too

The most powerful crypto bro in Washington has very weird beliefs

PayPal's investments are leading the mass adoption of crypto payments

WisdomTree offers tokenized real world assets to institutions

Use of Blackrock tokens as collateral moves closer to mainstream

SWIFT to trial tokenized asset transactions in 2025


Regulation / Compliance??

California's AI bill was well-meaning but flawed

California's Gavin Newsom vetoes controversial AI safety bill

Laws need to catch up to artificial intelligence's unique risks

How proposed disclosure requirements could help workers

After 50 years, it is time for the SEC to adopt a best execution rule to ensure retail investors get the best price

Will the industry litigate SEC equity market structure changes?

California forces a rethink of AI regulation


Corporate Venture / Innovation? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?

Coping with disruption

The world's most innovative country

4 tips for finding innovation within heavily regulated industries

Why corporate innovation fails: 5 insights from Google's gambles

Value creation requires an outside in mentality


Personal Development / Leadership?

The value of being a curious?CEO

Are leaders prepared enough for strategic risks?

When time management was easy

When to do what you love

Your power to choose is unlimited

CEOs turn to podcasts to control their message

You must stare this scary fact in the face

How Marcus Aurelius conquered stress (and the rest of us can too)

All you need are a few small wins every day


Podcasts / Videos??

Leaders who tell stories rule the world

Markets and the Middle East

ARK Invest: AI Market and Cyclical Dynamics

David Rubenstein with Maggie Haberman: The Highest Calling

GS Exchanges: Falling rates - A salve for real estate

Stanford GSB: Satya Nadella, CEO of Microsoft


Speeches / Communications

Lisa D Cooks, Member of Board of FedRes: "Artificial?intelligence, big data, and the path ahead for productivity"

Dr. Joachim Nagel, President of Deutsche Bundesbank: "Opportunities and risks of digitalization in geopolitically difficult times"

Howard Marks, Co-Chairman of Oaktree Management: "Shall we repeal the laws of economics?"


Research Reports

?WEF: Chief Economists Outlook - September 2024

A Digital Euro for the People

DB: Latest in AI - Eye-popping Valuations

PwC: Leveraging GenAI in Banking

IEA: Clean Energy Innovation Policies in Emerging and Developing Economies

IISD: Unlocking Clean Power for All

Pathways to Commercial Liftoff - Advanced Nuclear

Power to the people: How the EU's energy transition can help fight the 'greenlash'

IRENA: A just and inclusive energy transition in emerging markets and developing economies

Lazard: The geopolitics of supply chains

Africa and Middle East Shift from Geopolitics to Geoeconomics

Instant Payments Adoption Outlook

The Rise of Alternatives

Hedge Funds: Separating Myth from Reality

BIS: Impact of financial crises on industrial growth

BIS: CB-LM's - language models for central banking

BIS: Quantum computing and the financial system

KKR: An Alternative Perspective - September 2024

Digital Wallets: Beyond Transactions

BCG: The power of AI in financial planning and forecasting

McK: How private equity firms can use M&A to create outsize returns

McK: 10 private-markets considerations shaping 2024 so far

McK: The next era of private credit

McK: Time to place our bets - Europe's AI opportunity

Heritage: The Pacific Pivot

Congress: Changes in the Arctic

BCG: 2024 Cybersecurity Workforce Report

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