Bain provide a brief outline for Financial services incorporating a new platform to align wth business priorities. This would also provide an ideal forward looking platform to work with GenAI development aligned with the revised processes which have been designed with AI in mind. Bain outline follows below A consortium of mortgage banks saw significant … Read more
The Reserve Bank of India (RBI) logo is pictured outside its head office in Mumbai | Photo Credit: DANISH SIDDIQUI Given strong bank balance sheets, a revival in private investment can potentially drive increased demand for bank credit, according to a RBI study, ‘Drivers of Firm Demand for Credit’. Bank credit growth remains in double … Read more
From Engelsbergideas. A rich and relevant commentary on John Law. In 1674 William was called on by the Scottish parliament to give a commentary on a report into the running of the Royal Mint. It was an outsider DOGE (Department of Government Efficiency) moment The echoes from 400 years ago reverberate today and. add dimension … Read more
A police officer walks past the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai | Photo Credit: FRANCIS MASCARENHAS The Reserve Bank of India (RBI) is planning to strengthen liquidity stress tests of Scheduled Commercial Banks (SCBs) by developing a cash flow analysis process to ensure they remain resilient during episodes of … Read more
Union Bank November 6, 2023 When the Northeastern Vermont Regional Hospital emergency room opened 50 years ago, it was serving about ten patients per day. Over the past five decades health care needs have changed, and the ER now serves an average of 38 patients each day, with some days seeing up to 50 to … Read more
Carlos Cañón Salazar, John Thanassoulis and Misa Tanaka Several global financial centres, including London, Hong Kong and Singapore, are overseen by financial regulators with an objective on competitiveness and growth. In a recent staff working paper, we develop a theoretical model to show that some competitive deregulation can arise when several regulators are focused on … Read more
This from SS on US Defense Reformation which I covered earlier. Yesterday President Trump signed an executive order to enforce Defence Reformation. The genesis was https://18theses.com authored by Shyam Sankar / Palantir CTO in which the argument is made for reforming Defense development procurement. The argument and the alignment with AI is clear. Until now … Read more
Summary Your credit score reflects your financial health. Common reasons for a drop include: Missed Payments: Late or missed payments hurt your score the most.High Credit Use: Using over 30% of your credit limit can lower your score.Short Credit History: The longer you manage credit, the better.Frequent New Applications: Applying for too many credit accounts … Read more
The retail payment system recorded robust growth in transaction volume as well as value in 2024-25 The success of India’s home-grown Unified Payments Interface (UPI) has aided the country in acquiring 48.5 per cent share in global real-time payments by volume, the Reserve Bank of India’s FY25 annual report said. “The retail payment system recorded … Read more
The concept of open banking, or financial data sharing between banks and fintechs, comes with a number of security concerns. What if an application programming interface — a tunnel through which data passes from one application to another — is compromised? What if data stored at a fintech or data aggregator gets hacked? The Consumer … Read more