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 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.
Why Asset and Liability Management Should Be the Nerve Center …
March 6, 2024. By Sean Coyne, Solutions Consulting Principal, Treasury & Capital Markets, Finastra. After being awash with liquidity over the last decade, 2023 proved to be a tumultuous year for banks. Banking failures on both sides of the Atlantic Ocean have renewed focus on asset and liability management (ALM), bringing an often-overlooked ...
The Stock Market Crash of 1929 - International Banker
Sep 29, 2021 · 4.5K . I t remains perhaps the most eventful few days in financial-market history. The stock market crash of 1929 began on October 24, and by the 29 th, the Dow Jones Industrial Average (DJIA) had lost just shy of 25 percent of its value.The collapse destroyed investor confidence in the United States and eventually led to the Great Depression, perhaps the most damaging economic downturn of all ...
Why Inflation in Argentina Is Above 100 Percent - International …
May 16, 2023. By Valerie Hernandez, International Banker. On May 12, Argentina’s official statistics agency confirmed that prices had surged by a mammoth 108.8 percent year-on-year in April, having already posted 104.3 percent in March and 102.5 percent in February. The last time the South American country posted such sky-high rates was back ...
Why Nations Are Rushing to Join BRICS+ - International Banker
Aug 13, 2024 · The BRICS+ alliance of mainly emerging-market countries is brimming with members and would-be members, including Malaysia. Their reasons for joining are multiple, with breaking the hegemonic stranglehold of the US-led Western economic order and escaping sanctions standing alongside economic goals such as cooperative trade and finance.
Ethiopian Banking Sector’s Development Given Major Boost by …
Jul 12, 2024 · 792. By Monica Johnson, International Banker. W ith a population of upwards of 120 million, Ethiopia is rapidly becoming one of Sub-Saharan Africa’s most important economies. The annual growth rate of its gross domestic product (GDP) exceeded 10 percent for every year between 2003 and 2010 and has also remained above 6 percent for each year since then.
Banking Needs Entrepreneurship, but How Can Regulators Feel …
Jun 21, 2017 · Banks need elbow room to deal with the dynamics—entrepreneurship is inevitable. But banks may hold an important key. Banks should make regulators feel comfortable. If they do not succeed, regulators will curtail the ability of banks to respond to the competitive challenges. See here the challenge for the financial-services industry.
Connecting the World: How High-Speed Rail Is Transforming …
Sep 19, 2023 · 1.1K. By Nicholas Larsen, International Banker. I t was the inauguration of the Shinkansen “bullet train” in the 1960s that arguably kicked off the high-speed rail revolution, representing a triumphant economic achievement for Japan that helped it return to the international fold following the turbulence it had experienced during the 20 years since its defeat in the Second World War.
Extended Reality and the Metaverse Are Leading Financial Services …
Jun 24, 2022 · 3K. By Samantha Barnes, International Banker. I n October 2021, Bank of America (BofA) announced that it would be the first financial-services firm to launch virtual-reality training in approximately 4,300 financial centres nationwide. The training will be accessible to 50,000 employees, enabling them to practice a number of tasks of varying difficulty and simulate client interactions within a ...