Finserv Reading - Week ending December 17, 2023

Bijon Mehta Bijon Mehta

Bijon Mehta

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

Published Dec 17, 2023
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Banking

Open banking? More like open opposition: 1033 pushes fintechs, banks to take sides

Where is banking-as-a-service headed in 2024?

The biggest banking and financial services trends for 2024

Top technology trends in banking and fintech for 2024

What to know about Brazil's largest digital bank Nubank

Goldman hopes to double private credit business as it retreats from consumer banking

Branches are a key differentiator for some banks

Why Bank of America is covering the country with branches

Barclays will close 37 bank branches next year

Americans receptive to open banking

Banks making fewer business loans because of recession fears

The rise of neobanks

The long march to digitizing capital markets

Does a monster lurk in global private markets?

Enabling proactive risk management


Wall Street

40% of companies still expecting layoffs in 2024

China turns the tables on Wall Street

Why Treasury auctions have Wall Street on edge

Why Wall Street is suddenly having an everything rally

Wall Street's fear gauge lowest since November 2019


Economy 

The debt problem is enormous 

Federal Reserve lends credence to Joe Biden's promise of a soft landing for the US economy

Maersk, Hapag-Lloyd rethink Red Sea voyages after attacks on ships

Fed official says central bank isn't 'really talking about rate cuts'

Beware the most crowded trade on Wall Street: Next year's soft landing

The road to China-free supply chains is long

A world in disarray? A longtime diplomat says it's worse than that

Fed holds rates steady and sees cuts next year

Taylor Swift: How she became part of this year's economic story


Asset Management

Fidelity says pensions and other institutions are at a 'critical crossroads'

As private credit surges, banks and alternative asset managers turn frenemies rather than foes

Global ETFs reach AUM milestone of $10.99 trillion

A quant winter's tale

Markets are becoming less efficient, not more says AQR's Clifford Asness


Wealth Management  

Robinhood woos wealthier clients from bigger brokerages

How recent tech trends are affecting wealth management

Addepar hits $5 trillion in assets tracked

84% of banks. lack tailored wealth services for mass market investors

Schwab stock rises after brokerage reports asset growth


Insurance

The man at the center of America's biggest insurance crisis

What to expect with Floridian homeowners insurance in 2024

Asian insurtech investment set to rebound in 2024

Insurance carriers struggling with digital experiences

Duck Creek CEO calls for different strategy to combat 'perfect storm' of risks


Real Estate   

Housing market's best deals are new construction

High housing prices may pose a problem for Biden

US homeless count surges 12% to highest-recorded level

So much empty office space, so few easy options


Payments 

2023 in cross-border payments: A strong response to a challenging year

FedNow Service ends 2023 on a strong note with more than 300 participating financial institutions onboard

Apple offers to let rivals access tap-and-go tech in EU antitrust case

US payments trends seen gaining ground in 2024

Elon Musk's X granted payment processing license in 13 US states - and counting

Visa and Mastercard lower Canadian interchange fees

Why it's taking so long for Americans to get payments instantly


Venture Capital / Private Equity

The deals that show how lucrative private equity can be

Sale of Silicon Valley Bank's old venture capital arm hits a snag

General Atlantic takes first step towards potential US listing

Blackstone, Digital Realty team up to develop $7 billion in data centers

Opportunities in a challenging fintech investment landscape?


AI / ML

5 forces that will drive the adoption of GenAI

How banks can adopt generative AI in the future

How much can AI improve human performance?

Vinod Khosla: Our AI future is racing toward us faster than we think

10 stories about AI in wealth management in 2023

How insurtech is using artificial intelligence


ESG / Climate Change

COP28: the new climate commitments that really count

How the COP28 deal was won but the battle for 1.5C may be lost

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COP28 leaders call for transitioning away from fossil fuels in final push at climate talks

Arctic "report card" points to rapid and dramatic impacts of climate change

Endangered species list grows by 2,000

When will we reach the 1.5C mark with climate change?

Climate risks and financial stability: What can central banks and financial sector supervisions do

How wealth managers can invest for a nature-positive future

The future of TCFD

The case for investing in climate adaptation

Committing to - and achieving - net zero

Net zero to cost global economy trillion of pounds, OECD says

Why the EU innovation fund matters for net zero technology funding


Bigtech 

Tech predictions for 2024

How Microsoft's multibillion dollar alliance with OpenAI really works

E-signature company DocuSign explores a deal

Google and Apple's app stores are cash machines

Microsoft targets nuclear to power AI operations


Fintech  

Major fintech layoffs in 2023

Fintech IPO index jumps 7.3%

The case for credit union-fintech partnerships

The top 10 neobanks in the world


Blockchain / Crypto 

The power vacuum at the top of the crypto industry

2024 predictions for the crypto sector

Google updates crypto ad policy

Ripple exec predicts crypto landscape shifts in 2024

Why crypto executives are opening offices in Abu Dhabi and Dubai

Spot ETFs will spur crypto demand


Regulation / Compliance  

UK payments regulator proposes cap on Mastercard, Visa cross-border fees

SEC denies denies Coinbase petition for crypto rules

FCA hampered by crypto skills shortage

Banking watchdog takes on "too big to manage"

Binance penalties include a number of crypto industry firsts

SEC probes investment advisers' use of AI


Corporate Venture / Innovation                                       

What innovators who create new markets do differently

Innovate or stagnate: Lessons from Steve Blank on future proofing your business

Nvidia emerges as leading investor in AI companies

How Nvidia fuels the AI revolution with investments in game changes and market makers


Personal Development / Leadership 

10 things great team leaders do

This is your reminder to say 'no'

A winner does...

How to think about obstacles

Do the painful things first

How willpower works

How to create your own "year in review"

From PT Barnum to Mary Kay: Key lessons from five leaders who changed the world


Podcasts / Videos  

Andrew Huberman: The science of building extreme discipline

James Clear: How to build awesome habits

Howard Marks on Bloomberg Wealth with David Rubenstein

Jocko Willink: Creating an unbreakable mindset

TKP: Paul Assaiante - Face Your Fear

Blackstone's 2023 Holiday Video: The Alternatives Era


Speeches / Communications

Cecilia Skingsley, Head of BIS Innovation Hub: "Shaping the future financial system in the public interest"

AQR: Driving with the rear-view mirror

GMO: The Quality Anomaly


Research Reports  

Apollo: Outlook for private markets

KKR: Outlook for 2024

Citi: Wealth Outlook 2024

McK: How innovative companies leverage tech to outperform

OW: Developing Metrics for Transition Finance

OW: Shifting priorities, enduring risks - 2024

Climbing the maturity wall of worry

MS: Pattern Recognition

BIS: Cryptoasset standard amendments

Real-time Payment APIs

The future of digital banking in Europe 2023

Exploring the future of open banking

BIS: Recalibration of shocks of interest rate risk in the banking book

Macquarie: Net zero and climate risk report

EPA: Social costs of greenhouse gases

State and trends in climate adaptation finance 2023

KPMG: Finserv in a connected ecosystem

GS Middle East Risks

Principal: 2024 Perspectives

Bain: The untapped power of bank-fintech partnerships

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