Author: hjenkins42

This week, the value of bitcoin and other cryptocurrencies has plummeted with billions of dollars lost. The crash is hitting investors all over the world and the rapid declines wiped out two years of financial gains overnight. Some attribute this to inflation, rising interest rates, and the Ukraine conflict. I believe it is a combination of things, that…

UK mortgage lending underwriting has grown old and tired Gerard Lyons who I believe would have made an excellent candidate for governor of the Bank of England rather than the less than impressive Andrew Bailey makes the point that PM Boris Johnson’s comments on the housing market last week were unlikely to be effective. He…

Courtesy of Tencent, Block (formerly known as Square), and existing investor Insight Partners, Indonesian consumer payments platform Flip has secured a $55 million addition to its Series B round. Also involved in the funding were a handful of individual investors including Checkout.com CEO Guillaume Pousaz, DoorDash executive Gokul Rajaram, and former Venmo COO Michael Vaughan.…

“Your call may be recorded for quality assurance.” Customer service systems often automate call recording and processing analysis, but you can tell a lot by detecting the tone of a conversation. Los Angeles-based Behavioral Signals says its technology is more effective than humans at determining empathy and intention. Rather than attempting to detect the actual…

Seven financial services powerhouses, led by Citi and Bank of America, launched an independent company this week to create the first open-market electronic trading platform for syndicated loans and collateralized loan obligations (CLOs). The new company, Octaura, is working with low-code software development platform Genesis Global to manage syndicated loans and CLOs electronically, in real…

When approaching the $1 billion asset size mark, banks have more to think about than just popping champagne. Attention from regulators becomes more pronounced, risk across the enterprise is increased, and existing infrastructure can become strained. For banks, technology poses the best opportunity for managing and mitigating these challenges. Jayson Callies has been on both…

The EU’s pilot regime for market infrastructures based on distributed ledger technology has now been finalised. The regime will provide significant flexibility for eligible firms to experiment with DLT-based trading facilities and settlement systems for financial instruments, including the option of operating a combined trading and settlement facility. There are, limitations to consider, however, including…

Bank of America is looking to upgrade its client communications after auto loans are approved as the bank continues to lean on its digital capabilities and more consumers apply for loans through online channels. The upgrade is expected within the next year and comes on the heels of a chat support feature in the bank’s…

Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week. Apologies for the delayed publication, which was due to a technical glitch.  1  Insights from Japan’s digitally tagged KAMs The Key Audit Matters (KAMs) section of an audit report highlights the most…

Business monitoring innovator Anodot and network telemetry and analytics solutions provider BENOCS teamed up to help Deutsche Telekom Global Carrier implement a new network monitoring solution. The new solution will help companies monitor a wide range of business operations. Anodot made its Finovate debut at FinovateEurope 2022 in March. Virginia-based business monitoring company and Finovate…