The topic is the recently published OSFI Risk outlook update. First, here is my take: The following are quoted from the OSFI Annual Risk Outlook 2023-2024 Original link https://www.osfi-bsif.gc.ca/Documents/WET5/ARO/eng/2023/aro.html Risk environment – The 9 financial risks that OSFI views as most pressing: Overview of changes to the risk environment The financial system is adjusting to a higher interest rate environment. Given the rapidity at which interest rates globally have increased, the risk has grown that such an adjustment may not be completely smooth. This phenomenon places a premium on Canada’s notable financial system resiliency. Other risks also present themselves on … Continue reading OSFI’s Annual Risk Outlook – Fiscal Year 2023-2024

Goldman Sachs have a new report with fairly predictable outcomes. They see the “Influencer economy” growing following a linear trajectory to achieve a base of $500 billion by 2027. As I read this I see a prediction that says what we see today will provide more of the same. What is missing is the next TikTok shifting the paradigm of the TikTok Influencer model. This is the more relevant as we see the usual suspects piling on with TikTok like add-ons to their platforms (YouTube, FaceBook, Instagram etc) The Financial Times have a great analysis (Gen-X bankers warn Gen-Z content … Continue reading Goldman Sachs new report on Influencer Economy

India continues to display a managed, unified strategy to digitise the country in its drive to create a digital marketplace. This is the more remarkable considering the population base, both size and variety. The last big news item was elimination of cash and replacement with digital ID and wallets. Now we are learning more about how that was accomplished technically and the nature of the open API strategy that will further encourage business and government to lever the opportunity. All this to further the view that India will likely beat even the most optimistic predictions on becoming an economic engine … Continue reading The India Stack: opening the digital marketplace to the masses

Heading edited to reflect first in a loose series entitled “AI- how should we think about it Episode 1 (AI-E1)” My belief is that we are worrying about the wrong things with AI. Here are some views that encapsulate the general worry. And the worry is more than coffee shop chatter. Some very smart people are worried. When I say worrying about the wrong thing, I see ChatGPT as an extended dataset with some logic on top. We are used to smaller data sets and a search tool such as google, Bing or duck duck go. They contain additional logic … Continue reading AI – how should we think about it? – Episode 1 (AI-E1)

As reported by Financial Times According to the UN Population Fund’s World Population Dashboard, released on Wednesday, India’s growing population is to surpass 1.428bn by mid 2023, just above the more than 1.425bn people in China, where fertility rates are falling. Population growth is a politically sensitive topic in China and India and both governments were subdued in their responses to the demographic milestone. “I want to tell you that population dividends don’t only depend on quantity but also on quality,” Wang Wenbin, China’s foreign ministry spokesperson, said on Wednesday. “Our population dividend has not disappeared, our dividend is forming, … Continue reading India to overtake China as world’s most populous country this year