Author: Colin Henderson

Progress in era of productivity
AI

UK opportunity – Ian Martin

Colin Henderson

This is Iain Martin’s weekly newsletter, exclusively for Reaction subscribers. A most clear analysis of situation and opportunities for Britain. Don’t blow it Sir Keir. It is the Sunday after the Saturday, after the Friday, after the long night before, and you have probably had enough of the UK general election by now. If you are in Britain and were watching the television coverage that means you had to watch 27 hours of Alastair Campbell, the former Labour spin doctor and now full-time podcaster, who was on everything every time I turned over. At one point he or a body double … Continue reading UK opportunity – Ian Martin

AI

Patience pays

Colin Henderson

Temu has taught Amazon.com Inc. an important lesson: US shoppers can be patient if it saves them money. Source Bloomberg News broke last week that Amazon is planning a low-priced store for apparel and home goods shipped directly to US shoppers from China, signaling that the ecommerce giant is taking seriously the threat posed by discounters like Temu and Shein. Amazon helped change the way people shop by building a vast network of warehouses designed to stockpile products and quickly send them to customers. That model requires products manufactured in China to be shipped by sea in bulk to the US and … Continue reading Patience pays

AI

A to A payments growth

Colin Henderson

Source: Panagiotis KriarisPanagiotis Leadership | FinTech | Payments | Banking | Innovation |Leadership | FinTech | Payments | Banking | Innovation | It’s an oxymoron, but in the era of AI moving funds from one account to another has been signaled as one of the major payments’ trends. Where’s the catch? Let’s take a look. Link Transferring funds between accounts is not a novelty, but rather one of the oldest and more basic payments’ use cases. And yet if you look at today’s increasingly complicated payments landscape, there is an entire debate going on, hooked on the principle that Account-to-Account … Continue reading A to A payments growth

AI

A Requiem for Hyperglobalization

Colin Henderson

Why the World Will Miss History’s Greatest Economic Miracle By Dev Patel, Justin Sandefur, and Arvind Subramanian June 12, 2024 | Foreign Affairs A screen displaying currency exchange rates, Tokyo, May 2024 Issei Kato / Reuters The Berlin Wall’s fall was a unique moment in geopolitical history, ushering in an era of unipolarity as the United States became the world’s hegemon. But it also heralded an unprecedented economic phenomenon: convergence. As early as the fifteenth century, formerly prosperous societies from Mesoamerica to China suffered reversals of fortune, falling—or being pushed—behind the West. With the advent of the Industrial Revolution, growth … Continue reading A Requiem for Hyperglobalization

AI

Economist: What happened to the artificial-intelligence revolution?

Colin Henderson

So far the technology has had almost no economic impact Jul 2nd 2024| San Francisco Move to san francisco and it is hard not to be swept up by mania over artificial intelligence (ai). Advertisements tell you about how the tech will revolutionise your workplace. In bars people speculate about when the world will “get agi”, or when machines will become more advanced than humans. The five big tech firms—Alphabet, Amazon, Apple, Meta and Microsoft, all of which have either headquarters or outposts nearby—are investing vast sums. This year they are budgeting an estimated $400bn for capital expenditures, mostly on … Continue reading Economist: What happened to the artificial-intelligence revolution?

productivity

The Productivity Era

Colin Henderson

Where are we with AI now evolution Introduction I have written about AI from business perspective. Here I will look forward and cover how my original vision of AI as a business tool is coming along. Artificial Intelligence was introduced to most of us as ‘smart chat’. My original belief however was shaped earlier in 2023 which took it much further than chat. The shift in my vision took the impact a holistic vision of business benefit, social change and structural change. The model I had in mind is the British Industrial revolution which I covered earlier. There the shifts … Continue reading The Productivity Era

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Core banking vendor Temenos – accounting irregularities

Colin Henderson

”accounting irregularities, failed products and an illusive turnaround” Hindenburg Research 𝘽𝙍𝙀𝘼𝙆𝙄𝙉𝙂: Shares in core banking vendor Temenos have plunged, after Hindenburg Research shorted the company alleging “accounting irregularities, failed products and an illusive turnaround”. According to Hinderburg Research, a 4-month investigation into Temenos, involving interviews with 25 former employees, including senior leaders at the company, uncovered hallmarks of manipulated earnings and major accounting irregularities. This includes evidence of roundtripped revenue, sham partnerships, rampant pulling forward of contract renewals, backdated contracts, excessive capitalization of seemingly non-existent R&D investments, and other classic accounting red flags. Here is one example from the report: … Continue reading Core banking vendor Temenos – accounting irregularities

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William Dalrymple on the trail of Puglia’s ancient kings and castles

Colin Henderson

A journey through the Italian region reveals the lingering influence of its Islamic past FT Castel del Monte © Getty Images/Cavan Images RF There was rain in the night, and in the morning the scent of warm cypress and fallen pine needles mingled with that of lavender and rosemary. Stepping out into the garden of La Dimora dei Semplici, our villa near Ostuni, was like breathing in the raw essence of the Mediterranean south. Although I had passed several times through the heel of Italy, heading to ferry crossings in Bari or Brindisi, this was my first time lingering long … Continue reading William Dalrymple on the trail of Puglia’s ancient kings and castles

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AML compliance in Canada being upgraded

Colin Henderson

RITA TRICHUR at the Globe does great job at summarizing the sorry state of Anti Money Laundering (AML) regulation and operational compliance. Globe and Mail Rita quotes FinTRAC CEO CEO Sarah Paquet She also made another observation: Too many businesses are looking at risks in silos. As she pointed out, operational risk, fraud risk and cyber risk are often intertwined with financial crime such as money laundering and human trafficking. I can confirm from observation, that the operation of AML administration in Banks is almost limited to a 3 monthly requirement to read the procedures and some complete a brief … Continue reading AML compliance in Canada being upgraded