Category: banking

banking, Canada, Diplomacy, Innovation, Military, NATOLeave a comment

Canada in the running to headquarter new multinational defence bank

Colin Henderson

Canada in the running to headquarter new multinational defence bank PIPPA NORMANPublished November 13 2025, 4:15AM Banks like this don’t come around too often. Most recently, the New Development Bank and Asian Infrastructure Bank were established in 2015 and 2016, respectively. Similar institutions such as the World Bank Group are set up to mobilize capital to address issues affecting multiple countries. In the case of the DSRB, that issue is an increasingly divided world in which countries all over the world are increasing their defence spending.A handful of institutions, including Royal Bank of Canada, JPMorgan Chase & Co., ING Group … Continue reading Canada in the running to headquarter new multinational defence bank

banking, Economics, sociology

Ancient Rome Survived High Inflation – Bloomberg

Colin Henderson

I came across this wonderful piece on inflation and beating it. Nothing is new in the world. Source: Bloomberg 2024 – Bloomberg membership required. _________________________________________________________ Ancient Rome Survived High Inflation. We Can, Too There was more to life in the empire than gore, sex and succession. The economic challenges look similar to our own — with a big dose of brutality.  July 2, 2024 at 3:00 PM EDT By Daniel Moss Daniel Moss is a Bloomberg Opinion columnist covering Asian economies. Previously, he was executive editor for economics at Bloomberg News. Worried that inflation is coming down too gradually? The Romans had a … Continue reading Ancient Rome Survived High Inflation – Bloomberg

AI, banking, Business Models, productivity

OpenAI Hires Ex-Goldman Staff to Help Cut Down Junior Bankers’ Grunt Work

Colin Henderson

In this Article By Omar El Chmouri October 21, 2025 at 6:06 AM EDT Takeaways by Bloomberg AI OpenAI has more than 100 ex-investment bankers helping train its artificial intelligence on how to build financial models as it looks to replace the hours of grunt work performed by junior bankers across the industry. The group, which includes former employees of JPMorgan Chase & Co., Morgan Stanley, and Goldman Sachs Group Inc., is part of a secretive project inside the startup that’s code named Mercury, according to documents seen by Bloomberg. Participants are paid $150 per hour to write prompts and build financial models for a range … Continue reading OpenAI Hires Ex-Goldman Staff to Help Cut Down Junior Bankers’ Grunt Work

banking, Canada

Plumery expands digital banking experience platform into Canada

Colin Henderson

With the changes occurring for Canadian Credit Unions using Central1 here is a press release from a new to Canada player from Amsterdam in the core and digital banking space – Plumery. _________________________________________ Press Release: Plumery expands digital banking experience platform into CanadaPlumery’s expansion, collaborating with Vancouver-based Aequilibrium, brings specific Canadian market capabilities to support credit unions delivery of personalized, compliant, and elevated member experiences. October 2nd 2025, Amsterdam. Plumery, the digital banking experience platform, today unveiled Canada-specific features and integrations giving Canadian credit unions a clear path to deliver personalized, compliant, and modern digital banking experiences. Canadian financial institutions … Continue reading Plumery expands digital banking experience platform into Canada

banking, Business Models

Why It Is So Hard to Sell Core Banking Systems

Colin Henderson

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

banking, Business Models

Victor Leung on banks development of breakthrough products

Colin Henderson

A useful and common sense modern approach. The lead in shown is exactly how most banks approach product development. ———————————— Read on blog or ReaderVictor Leung How to Develop Breakthrough Core Banking Products and Services By Victor Leung on September 14, 2025 Banks must develop major innovations to prosper, but they don’t know how to. Many still try to build them with an old producer model. In that model, vendors publish roadmaps, banks write long requirement documents, and system integrators deliver projects after months of work. Academic research and field practice point to a different path. Important innovation often come from users. These users share and … Continue reading Victor Leung on banks development of breakthrough products

aml, banking, ID_theft, KYC, regulation, terrorist_financing

Terrorist financing since 9/11: How the threat and the response have evolved

Colin Henderson

Sep. 10, 2025 Dustin Eaton, CAMS As we pause to remember the tragic events of September 11, 2001 (9/11), we are reminded that 9/11 has forever changed how the world combats terrorist financing. The 9/11 attacks triggered a revolution in … Continue reading Terrorist financing since 9/11: How the threat and the response have evolved

banking, Regulations, US

A New Wave of Bank Mergers Is Just Getting Started

Colin Henderson

Rebecca Ungarino President Donald Trump’s looser financial regulation has helped send bank mergers to a four-year high—and more are on their way. Risks and opportunities abound. Look no further than Comerica, the 34th-largest U.S. lender. It began life as the Detroit Savings Fund Institute, an early provider of savings accounts for customers who enjoyed a perk that was novel in the 1840s: earning interest on deposits. Over time, the firm combined with competitors, rebranded, and moved its headquarters to Dallas. These days, ComericaCMA+1.44%—the product of decades of mergers and centuries of reinvention—finds itself at a critical juncture in what could be the … Continue reading A New Wave of Bank Mergers Is Just Getting Started

banking, Economics, Geopolitics, Innovation, Risk, Social Theory

US Tariffs Set to Make world economic and military History

Colin Henderson

It is worth capturing this moment. It has the potential to be elevated to a moment in world economic history in the same vein as Bretton Woods, World Trade Organization, United Nations, and many other bedrock areas that preceded and followed WWII. The broad perspective was to encourage World stability in economic terms and those tools were designed to create a global platform of stability that would make WWxx things of the past. Here we are 80 years later and the flaws in those tools with their commensurate inability to adapt have created a global world of bad actors yet … Continue reading US Tariffs Set to Make world economic and military History