https://www.osfi-bsif.gc.ca/en/news/peter-routledge-participates-fireside-chat-2025-iif-cba-canada-forum Artificial intelligence Moderator: How is OSFI considering AI – both for use by OSFI as the regulator, and for those OSFI regulates? Superintendent Peter Routledge: Moderator: AI has risks and opportunities. How is OSFI thinking about these? Superintendent Peter Routledge: Continue reading How is OSFI considering AI
Off topic for this blog but had to post … I lived many years on the west coast and this sums it up. Continue reading Best pic of the year in Portland
The Canada AI Strategy Task Force was officially launched in September 2025 by Minister Evan Solomon, marking a renewed effort to update and advance the country’s National AI Strategy. This initiative comes at a critical juncture as technological transformation and geopolitical forces reshape national priorities. Government of Canada launches AI Strategy Task Force and public engagement on the development of the next AI strategy From: Innovation, Science and Economic Development Canada Key facts about the AI Strategy Task Force Source perplexity.ai In summary: The Task Force represents Canada’s commitment to leading in responsible and ambitious AI deployment, with emphasis on broad … Continue reading The Canada AI Strategy Task Force was officially launched in September 2025
A theme is developing in business that AI contributes business value by eliminating one of the moost pervasive data issues, one which Banks reallly suffer but all businesses do a large extent: that issue is co-relating customer data from disparate sources and producing a novel profile which can be used to create value through customer activity, inadvertent or deliberate, by identifying items such as missed opportunities, fraudulent activity or customer ignorance which resulted in losses or missed new business. The UK givernment has develpoed an AI tool to create a picture of citizen activity related to government payments, much of … Continue reading AI helped recover £500m lost to fraud -UK government
A well written piece that encasulates the difficulties Banks’ organisation naturally resist change. At the heart of the challenge are the people running the banks. Broadly speaking, there are two types. The first are stewards—or what I call “babysitters.” These bankers are conservative, risk-averse, and focused on not rocking the boat. They’re not sabotaging the bank’s future, but they aren’t championing innovation either. Their mindset is survival, not transformation. The second type are mavericks—rare individuals who look beyond their own tenure. They want to future-proof the bank, save customers money, and avoid being the “Kodak” or “Blockbuster” of finance. They … Continue reading Why It Is So Hard to Sell Core Banking Systems
This topic is politically and socially charged. I had AI perform an objective comparison with no prompt guidance, only to provide the comparison. (source perplexity.ai and constructed in APA format with all sources quoted.) Continue reading Orwellian Shadows
Intersting report from OECD. I focussed here in diffusion, i.e. the spread and systemic adoption of AI. With an eye on the eventual improvements in productivity effective diffusion is essential. The full report can be found at end of post.. For Bankers, consider this quote. This is the beginnings of the holly grail to address the elephant in the room of Banks data worries. Applications can transform customer relationships and marketing, by improving market segmentation and raising capacity to “Know Your Customer” (KYC), by automating basic customer services and enabling a 24/7 attendance, or by supporting content creation at lower … Continue reading OECD report on AI provides thoughtful and relevant context for current state
introduces a novel approach for forecasting the timelines for transformative AI by analyzing macro-financial markets—specifically, the behavior of long-term real interest rates. TEST: apply this framework to current situation and explain what the output tells us about transformative AI timelines. Analysis Follows: (Perplexity.ai) 1. Theoretical Mechanism 2. Empirical Analysis Empirical evidence provided in the paper (across 59 countries, 35 years): Table: Key Relationships Macro Variable Empirical Finding Long-term GDP growth expectations Positively correlated with real interest rates Long-term growth volatility Slightly negative effect on real rates Short-term (0–5 yr) GDP growth forecasts Negative/ambiguous effect Country risk (CDS spreads) Positively correlated … Continue reading Follow up to “Transformative AI, existential risk, and real interest rates” (Chow, Halperin, Mazlish, 2025) – Test and Conclusion
Summary of Key Argument The core thesis of the paper is that macro-financial indicators—specifically, long-term real interest rates—can serve as a market-based “outside view” for forecasting the likelihood and timing of transformative AI (TAI, roughly equivalent to AGI or “superintelligence”) development. The mechanism underpinning this association is straightforward economic theory: Empirically, the authors find—contrary to some prior literature—a robust positive relationship between long-term growth expectations and real interest rates, using: Key Findings and Contributions Topic Paper’s Position & Evidence Interest rates as a forecasting tool Theoretically, both AI-driven rapid growth and existential risk should increase long-term real rates. Empirical evidence … Continue reading The paper “Transformative AI, existential risk, and real interest rates” by Trevor Chow, Basil Halperin, and J. Zachary Mazlish (August 2025)
… include notable advances in artificial intelligence, major product unveilings by industry giants like Apple, accelerating investments in quantum computing and sustainability, and the emergence of key startup innovations across multiple sectors.[1][2][3] Major Technology Trends Notable Product Launches Startup and Venture Innovation Gadgets and Emerging Consumer Tech Big Tech Moves & Market Impact These collective trends—from generative and agentic AI to quantum breakthroughs, sustainable product engineering, and startup dynamism—are actively reshaping the near-term shape of the technology ecosystem.[5][2][1] Sources[1] September 2025 Tech Trends: AI Advances, Quantum Systems, and Sustainability https://www.webpronews.com/september-2025-tech-trends-ai-advances-quantum-systems-and-sustainability/%5B2%5D Startup Funding & Innovation Highlights: September 1–8, 2025 https://www.linkedin.com/pulse/startup-funding-innovation-highlights-september-18-2025-gooinn-chc4f%5B3%5D Apple’s … Continue reading The most significant technology trends, product launches, and innovations from the past week
Bankwatch 