Cross posted from Medium I was working on a paper which had its origins in making the case for a comprehensive Open Banking offer but I ran into a challenge and basically got stuck. That was May 2023. My mission for the paper had its origins in various private and government sites where I was able the gain insight to the state of Open Banking in UK, EU, Canada and Australia. Canada had a special appointee on secondment from PWC to address Canada’s position and approach. Everything seemed positive. On deeper analysis however there were cracks in the global picture. … Continue reading Open Banking 2023 landscape, analysis and future prospects

2023 catalogue – FT “This cycle is different” — Goldman Sachs (here are the rest) “A bad year for the economy, a better year for markets” — JPMorgan “Applying the lessons of a turbulent year to 2023” — Morgan Stanley “Inflation peaks, growth slows” — Morgan Stanley “Back to the (new) future” — Bank of America “It’s all about valuations” — Schroders “A new investment playbook” — BlackRock “Sequencing several pivots” — Société Générale “Keep calm and carry on” — Allianz “Looking for the silver lining” — HSBC “Next year will be a long, hard slog” — Barclays “The investment … Continue reading What to expect in 2023

I was prompted to research Twitter big idea after listening to Cathy Wood of Ark Invest. She believes Musk strategy in working toward a Super App (Think WeChat) is through Twitter. Forbes reports originally appeared on Quora: the place to gain and share knowledge, empowering people to learn from others and better understand the world. Answer by Brad Oberwager, CEO, Director of Tilia, on Quora: Reuters recently reported that Twitter is applying for money transmitter licenses (MTLs) in every required U.S. state. While I have no insider knowledge of Twitter, my company lives and breathes MTLs every day, and I … Continue reading Why is Twitter applying for money transmitter licenses?

https://on.ft.com/46D1lU0 FT Reports … Push payment fraud escalated during the pandemic at a time when many people were relying on digital services like Meta’s Facebook © Dado Ruvic/Reuters The UK’s banking and finance lobby group is claiming that the social media sites of Facebook owner Meta are carrying more than half of digital payment scams suffered in Britain. UK Finance, which represents more than 300 financial companies, has written to Jeremy Hunt, the chancellor, with data on the sources of payments fraud in Britain broken down by value and volume, according to two people familiar with the situation. The letter … Continue reading Meta singled out by UK financial lobby group over digital scams

The U.S. government agency in charge of improving the nation’s cybersecurity posture is ordering all federal agencies to take new measures to restrict access to Internet-exposed networking equipment. The directive comes amid a surge in attacks targeting previously unknown vulnerabilities in widely used security and networking appliances. CISA Order Highlights Persistent Risk at Network Edge – Krebs on Security Under a new order from the Cybersecurity and Infrastructure Security Agency (CISA), federal agencies will have 14 days to respond to any reports from CISA about misconfigured or Internet-exposed networking equipment. The directive applies to any networking devices — such as … Continue reading CISA orders federal civilian agencies to restrict access to Internet

The Economist pose the valid question on the breadth and staying power of corporate investment in AI and the resultant productivity gains. LinkEconomist Yet it is not just tech firms that are thriving. The ai boom has coincided with a broader recovery in stockmarkets, which were battered last year by a combination of high inflation and rising rates. The s&p 500 is up by 8% since Chatgpt was launched, and has risen almost 20% from its October low. This prompts a question. Just how much of the rally is explained by ai enthusiasm? Summary During the firm’s earnings call representatives … Continue reading Surging stockmarkets are powered by investment in AI