International Banker - Authoritative Analysis on International …
The Generative AI Revolution in Banking: Transforming Research, Risk Assessment and Compliance. October 8, 2024. GenAI’s potential for metamorphosing operations has captured the attention of banks worldwide. While still new, the technology is already upgrading ….
The WorldCom Scandal (2002) - International Banker
Sep 29, 2021 · The WorldCom Scandal (2002) September 29, 2021. Coming hot on the heels of accounting scandals involving Enron and Tyco, both of which sent financial markets into tailspins, the fraud committed by WorldCom, one of the world’s biggest telecommunications companies, ended up dwarfing even those infamous crimes in terms of sheer numbers.
Why Soybean Prices Have Continued to Fall Throughout 2024
Jul 18, 2024 · For more than two years, however, soybean futures prices have been on a firm downward trajectory, declining from a near-10-year high in May 2022 of around $17.30 per bushel to below $11.00 per bushel by mid-July 2024. This trend is partly reflective of the wider bearish sentiment enveloping the grain complex this year.
Liquidity Management: A New Challenge for Banks - International …
Jan 10, 2023 · 3.5K. By Phillip Straley, President, FNA . S tories of liquidity pressures have dominated the headlines recently as banks and other financial institutions feel the strain of current market challenges. Even market favourites, such as fast growing fintechs, are feeling the pain of the liquidity shortage. For years, the benefits of abundant and cheap liquidity have meant a benign funding ...
The Generative AI Revolution in Banking: Transforming Research, …
Oct 8, 2024 · Generative artificial intelligence (GenAI) is poised to revolutionize the banking industry, offering unprecedented opportunities for efficiency, innovation and value creation. As financial institutions race to adopt and scale this transformative technology, GenAI is reshaping core functions, such as research, risk assessment and compliance.
Pre-Provision Net Revenue (PPNR) Modelling: A Global Stress …
Jun 15, 2015 · Pre-Provision Net Revenue (PPNR) Modelling: A Global Stress Testing Mandate. June 15, 2015. By Andrew Frisbie, Managing Director, UK Region Head, Novantas. Summary. Since the crisis, stress testing has been a central driver of enhanced global standards for advanced risk management. The use of scenario-based modelling that began with estimations ...
How Open Finance Is Making Financial Services Accessible and …
May 29, 2024 · True to its name, open finance is opening opportunities for financial services to be not only more effective, targeted, cost-efficient and compliant but also fair and equitable, enabling positive, sustainable developments. New financial technologies are opening doors to financial providers intent on doing good for customers and societies.
From Black Box to Open Playbook: Bringing Transparency to AI in …
Feb 20, 2024 · 734. By K. R. Venkatraman, Head Product Architecture, Infosys Finacle. M ake the transition from opaque, closed-off strategies (black boxes) to clear, understandable tactics (open playbooks) through explainable artificial intelligence (XAI).. Imagine yourself as a Premier League manager staring down a penalty shootout. You know your players’ strengths and weaknesses; you’ve analysed ...
How AI Is Dramatically Transforming the Wealth-Management …
Oct 7, 2024 · The new kid on the AI block, generative AI, is already making significant inroads into financial services, with the world’s biggest banks beginning to roll out their own GenAI tools to ameliorate wealth-management functions, such as research analysis and operational tasks. However, the future is wide open for AI’s role in wealth management.
Commercial Real Estate Loans: A Ticking Time Bomb for US Banks
May 28, 2024 · The stress that such alarming figures are having on the banking sector is now eliciting serious concerns. As reported by the Financial Times in February, for instance, filings from the Federal Deposit Insurance Corporation (FDIC) revealed that US banks currently hold $1.40 in reserves for every dollar of delinquent commercial real estate loans ...