Author: Colin Henderson

Progress in era of productivity
Risk

Overcoming data & analytics challenges for the Buy-Side 

Colin Henderson

Report | Data & Analytics  In 2024, the vast amount and variety of financial data available to buy-side firms continues to grow. As a result, organizing, structuring, and distilling valuable insights from data remains a challenge for many. The buy-side is also contending with uncertainties ranging from potential interest-rate changes in the U.S. to the outcomes of national elections in more than 50 countries around the globe. The growing significance of AI in both finance and the broader society is also placing new demands on buy-side firms — and compelling them to determine how AI tools can enhance their investment … Continue reading Overcoming data & analytics challenges for the Buy-Side 

AGI

Customize Generative AI Models for Enterprise Applications with Llama 3.1

Colin Henderson

Source nvidia blog Jul 23, 2024 By Chintan Patel and Nirmal Kumar Juluru The newly unveiled Llama 3.1 collection of 8B, 70B, and 405B large language models(LLMs) is narrowing the gap between proprietary and open-source models. Their open nature is attracting more developers and enterprises to integrate these models into their AI applications. These models excel at various tasks including content generation, coding, and deep reasoning, and can be used to power enterprise applications for use cases like chatbots, natural language processing, and language translation. The Llama 3.1 405B model, thanks to the sheer size of its training data, is an excellent candidate for generating synthetic … Continue reading Customize Generative AI Models for Enterprise Applications with Llama 3.1

AI

Open banking needs better risk controls to ensure fintechs keep your money safe

Colin Henderson

John Turley-Ewart: The challenge isn’t only about protecting customer data; it’s about safeguarding people’s savings Open Banking Risk Open Banking is a solid and appropriate method for consumers to manage their risks, and maximise deposit returns. However as the US Synapse example below in yesterday’s Financial Post the risks at scale are significant and consumers must be diligent in moving to another FI to achieve returns. The consumer facing methodology is arcane and difficult to navigate when validating regulatory protections. I also note that Turkey-Ewart has somewhat fallen to trap of mixing Open Banking with advertising. Open Banking is intended … Continue reading Open banking needs better risk controls to ensure fintechs keep your money safe

Economy, Progress

Ben Casselman NYT

Colin Henderson

What I Cover: “particularly interested in the long-term trends — demographic, geographic, technological, political — that shape the way we live and work.” I’m a reporter covering the U.S. economy for The New York Times. I’m an unapologetic econ nerd. I love reading research papers, debating the effect of policies and diving deep into economic data to find stories. But what I really care about are people — economic models matter only if they teach us something about the real world. My Background I have been reporting on the economy in one way or another for nearly 20 years. I … Continue reading Ben Casselman NYT

Progress

David Swensen Death: Yale Endowment Leader Transformed Investing – Bloomberg

Colin Henderson

Like Warren Buffett, Yale’s renowned endowment manager David Swensen held outsize sway over a generation of investing. But does his legacy hold up today? — Read on http://www.bloomberg.com/opinion/articles/2021-05-07/david-swensen-death-yale-endowment-leader-transformed-investing David Swensen, who ran Yale University’s endowment since 1985 and transformed investing in the process, died of cancer on Wednesday at the age of 67. Always dedicated to his alma mater, where he received a doctorate in economics, he taught his last class on Monday. When Swensen took over the Yale endowment, it was worth a little more than $1 billion. It grew under his watch to $32 billion even as it made regular … Continue reading David Swensen Death: Yale Endowment Leader Transformed Investing – Bloomberg

Risk

Latest poll after Biden quit election

Colin Henderson

Unfit to serve’  ‘Best interest’  ‘Proof of life’ ‘Far Left Democrats’  ‘Resign’  ‘Less competent’ ‘Coup’  ‘Largest political cover-up’ ‘25th Amendment’  ‘Rigging’ ‘Where is Joe Biden?’  ‘Border Czar’ ‘Gaslighting and lying to each of us’ ‘Wood chipper to democracy’ ‘Who is running the show?’  ‘All the best’ ‘Coup’ and ‘Cover-Up’: How the G.O.P. Is Reacting to the Harris Candidacy By Karen Yourish and Lazaro Gamio July 24, 2024 While elected Democrats have been quick to rally around Vice President Kamala Harris after President Biden’s announcement that he would leave the 2024 presidential race, a vast majority of prominent Republicans have treated the development with suspicion or scorn. A New … Continue reading Latest poll after Biden quit election

AI

THE EVOLVING IMF

Colin Henderson

Over the past 30 years the IMF has adapted to global shocks and evolving member needs Source IMF I respect the IMF and their comprehensive view of the world since WW2. This latest is a useful summary of recent banking and financial crises. >Dear Colleague, >The IMF has always adapted to the evolving needs of its member countries, and the pace of change has accelerated in the past 30 years, the IMF’s Atish Rex Ghosh and Andrew Stanley write in F&D magazine’s Picture This series. In response to financial crises, the IMF not only stepped-up lending but also enhanced its crisis prevention and resolution tool kits, … Continue reading THE EVOLVING IMF

AI

Canada’s Consumer-Driven Banking Act (CDBA) has become law

Colin Henderson

Written By Matthew Flynn, Simon Grant and Kwang Lim Canada’s Consumer-Driven Banking Act (CDBA) has become law. It was enacted on June 20, 2024, when Bill C-69, the Budget Implementation Act, 2024 received royal assent. The second quarter of 2024 also saw: Open Banking: What New Consumer-Driven Banking Legislation Means for Fintechs in Canada If your company is a fintech operating or hoping to operate in Canada with a business model that offers financial products, you should be aware that the CDBA could apply to your organization. The CDBA sets the foundation for a legal framework that enables consumers and small businesses to … Continue reading Canada’s Consumer-Driven Banking Act (CDBA) has become law

AI

Fintech in Canada Q2 2024 | Bennett Jones

Colin Henderson

Canada’s Consumer-Driven Banking Act CDBA has become law. It was enacted on June 20, 2024, when Bill C-69, the Budget Implementation Act, 2024 received royal assent.The second quarter of 2024 also saw: the Bank of Canada lay out new retail payments supervision that will affect retail payments fintechs; and the U.S. Securities and Exchange Commission close its investigation into Ethereum 2.0. — Read on http://www.bennettjones.com/Blogs-Section/Fintech-in-Canada-Q2-2024 Continue reading Fintech in Canada Q2 2024 | Bennett Jones