Harvard Business

JUNE 22, 2016

FinTechs are internet companies that streamline financial systems and make funding the supply chain more efficient. They include new enterprises such as Orbian , Prime Revenue , C2FO , Taulia , and Ariba as well as new operations launched by traditional financial service firms such as Citi Group, HSBC, BNP Paribas, and Deutsche Bank.

Transportation 130

Transportation Finance Financial Banking 130

Harvard Business

MARCH 15, 2018

Nonetheless, statistics show that women-owned businesses, which account for one-third of Swedish businesses, are not granted the corresponding proportion of government venture financing; in fact, women-owned businesses receive only 7%. Approved checking account/bank overdraft facilities: the approved overdraft credit. Risk-taking.

Data 132

Data Real Estate Finance Financial 132

Harvard Business

OCTOBER 31, 2017

Just over 10 years ago, French bank BNP Paribas froze U.S. There was a run on British bank Northern Rock. Over the next year, many banks fell. Investment bank Bear Stearns collapsed. We expect investment banks to embark on an even more fundamental makeover during the next decade. The New Face of Investment Banks.

Banking 72

Banking Balance Sheet Financial Finance 72

Harvard Business

MARCH 1, 2017

Money, equities, bonds, titles, deeds, contracts, and virtually all other kinds of assets can be moved and stored securely, privately, and from peer to peer, because trust is established not by powerful intermediaries like banks and governments, but by network consensus, cryptography, collaboration, and clever code. Insight Center.

Finance 70

Finance Financial Banking Capgemini 70

Harvard Business

JULY 7, 2016

The war certainly has prevented an efficient economic structure, forcing many Colombians to be inward-looking. Banks often are unwilling to take the risk of financing small and midsize companies. The cartels, like that of Pablo Escobar, financed the FARC (and the ELN, another left-wing terrorist group) in return for protection.

Tourism 127

Tourism Government Finance Efficiency 127

Harvard Business

JANUARY 20, 2017

Much has been made of the fact that a new breed of financial technology (or fintech) companies is unbundling banks in the developed world. Startups are attacking all of the components of the traditional bank value proposition (e.g., Lack of Infrastructure and Efficient Cloud Services. Sidian Bank in Kenya has a similar program.

Banking 70

Banking Company Financial Finance 70

Tom Spencer

NOVEMBER 9, 2019

The Business of Banking. Banks are intermediaries for capital and hold the risk when supply and demand is not perfectly balanced. Commercial Banking. A bank, on the other hand, can diversify this credit risk and reduce the average cost of vetting each loan by lending to many borrowers. Investment Banking.

Banking 12

Banking Industry Balance Sheet Retail 12

Tom Spencer

NOVEMBER 5, 2016

When news broke in late October that some of London’s largest banks were investing in Bitcoin , cryptocurrencies in general got another boost. Beyond hoarding digital currency as a defensive move in the age of DDOS bank robbers, banks are beginning to think about ways that bitcoin could be used within the banking industry globally.

Banking 60

Banking Report Industry Finance 60

Harvard Business

MARCH 2, 2017

Visa and MasterCard are both exploring uses for similar technology to improve the way they process payments, while Ripple is lowering the cost of transactions between banks and other financial institutions through its global settlement network. But the practical applications for blockchain technology go way beyond financial assets.

Finance 70

Finance Financial Video Government 70

Tom Spencer

JUNE 9, 2023

More Efficient Operations AI enables businesses to automate repetitive and time-consuming tasks, freeing up human resources to focus on more complex and strategic activities. Robotic Process Automation (RPA) is becoming widely adopted to automate manual processes, reduce errors, and increase efficiency.

Data 147

Data Operations Efficiency System 147

Harvard Business

SEPTEMBER 2, 2016

A cornerstone of efficient and transparent markets is freely available information. But does the mere action of placing a piece of financial news in the public domain make it readily seen and efficiently reflected in stock prices? And they read far more news than any other group of finance professionals.

Research 111

Research Financial Finance Efficiency 111

Harvard Business

MARCH 22, 2018

My perspective and approach to misconduct risk are influenced by my work as a bank supervisor, and by my background and training as an economist. In my view, bank supervision must include attention to the culture at financial firms, not just to their financial safety and soundness.

Culture 135

Culture Company Financial Banking 135

Tom Spencer

AUGUST 15, 2013

And the pioneering work of social enterprises in sectors like construction , manufacturing , banking , hospitality and healthcare suggest that innovative and sustainable businesses are able to thrive without being run primarily for profit. Rise of Social Enterprise. The growing trend towards social enterprise could be a game changer.

Enterprise 112

Enterprise Healthcare Ethics Construction 112

Harvard Business

NOVEMBER 8, 2017

Meanwhile, according to the Ministry of Finance , the Indian economy is operating with $45 billion less cash than it did prior to demonization. Since then, the government has created more than 300 million new, no-frills bank accounts. Then, of course, she would have needed to travel again to a bank to cash the check.

Government 135

Government Banking System Policies 135

Tom Spencer

JUNE 24, 2022

Blockchain has already had a significant impact in the finance industry with the global cryptocurrency market cap now exceeding $1 trillion. Low transaction costs will also be necessary to ensure efficient operations and to ensure that blockchain systems offer a cost advantage over the status quo.

Government 88

Government Insurance Insurance System 88

MishTalk

AUGUST 27, 2014

IMF chief Christine Lagarde has been put under formal investigation by French magistrates for alleged negligence in a political fraud affair dating from 2008 when she was finance minister. And companies, especially banks, get off the hook with at most a small fine relative to the billions of dollars siphoned out of the system.

Meeting 61

Meeting Efficiency Education Finance 61

Tom Spencer

OCTOBER 12, 2019

Cryptocurrency has often been a divisive and controversial topic in the world of finance and economics. To begin, I’ll discuss the role of central banks throughout history as one of the primary purposes of Bitcoin was to eliminate the need for central banks, usurping the role of these traditionally powerful entities.

Banking 60

Banking System Finance Financial 60

Tom Spencer

OCTOBER 5, 2019

Cryptocurrency has often been a divisive and controversial topic in the world of finance and economics. To begin, I’ll discuss the role of central banks throughout history as one of the primary purposes of Bitcoin was to eliminate the need for central banks, usurping the role of these traditionally powerful entities.

Banking 60

Banking System Finance Financial 60

Harvard Business

JULY 12, 2017

In effect, they all had skin in the game, which remains one of the most elusive elements of modern finance. Thus a trust and efficiency engine like blockchain technology has the potential to drive radical change in the insurance industry while improving transparency and outcomes across the entire value chain.

Insurance 134

Insurance Insurance Industry Balance Sheet 134

Tom Spencer

OCTOBER 24, 2020

Consolidation in the banking industry. Central bank digital currencies ( CBDCs ) will be backed by nation states, which will make them useful as a means of payment. However, confidence could be shaken if central banks print too much of them, or if user privacy is violated. Regulatory risk. Centralization of goods markets.

Banking 88

Banking Government System Policies 88

Tom Spencer

APRIL 1, 2022

Blockchain technology is making a strong impact in the finance industry due to the fact that it enables decentralization and direct peer-to-peer transactions. Removing the financial intermediary, i.e. the bank, can increase convenience, efficiency, and security. Blockchain technology offers to remove this point of failure.

Energy 88

Energy Banking System Financial 88

Harvard Business

NOVEMBER 7, 2018

In recent years, much has been written about how the Blockchain is poised to transform traditional industries such as banking, real estate, and healthcare. More recently, it has gained attention as a way to finance new ventures, through what is known as an Initial Coin Offering (ICO). 3 Defenses of Large ICOs. 3 Defenses of Large ICOs.

Finance 70

Finance Software Government Real Estate 70

Tom Spencer

MAY 9, 2020

In this short article, we will provide a brief history of today’s global monetary system, explain why central banks aim to produce consumer price inflation, and consider some of the potential consequences. According to the IMF , the US dollar accounts for more than 60% of central bank foreign exchange reserves, worth more than $6.7

System 88

System Banking Government Insurance 88

Tom Spencer

JUNE 17, 2017

While a good technical background will of course be helpful, understanding how blockchain will impact your industry is much more about understanding your industry, the needs of your customers, and how this new technology might be able to solve problems in new and more efficient ways. Take a course on blockchain. Image: Pexels.

Management 60

Management Banking Industry Finance 60

Tom Spencer

JUNE 8, 2019

The growing middle class in China and India means that millions of people are purchasing wealth products, while new millionaires and billionaires are looking for high net worth wealth solutions from private banks such as UBS and Julius Baer. Investing is no longer a rich man’s hobby and people do not have to go through their banks.

Trends 60

Trends Management Banking Government 60

Harvard Business

OCTOBER 24, 2016

Small startup firms are already developing proprietary technologies — such as machine vision, deep learning, and other innovations —– that could help large investors evaluate opportunities and risks with far greater accuracy and efficiency than was previously possible. How is this state of affairs possible?

Operations 70

Operations Finance Media Financial 70

Harvard Business

OCTOBER 10, 2017

A great salesperson will operate much more efficiently with a defined process for reaching out to prospects. Three finance professors once asked more than 400 executives what they would do if their quarterly earnings targets were at risk. In an experiment, we approached the call center of a bank’s consumer loans business. (We’ve

Metrics 135

Metrics Engineering Operations Sales 135

MishTalk

DECEMBER 26, 2013

China''s Move to Market-Set Rates Let''s step back to December 8 and look at China Relaxes Grip on Interest Rates China is relaxing its grip on interest rates with the launch of a financial instrument that allows banks to trade deposits with each other at market-determined prices.

Balance Sheet 57

Balance Sheet Marketing Banking Financial 57

Harvard Business

AUGUST 9, 2018

Many banks and large corporations employ artificial intelligence to detect and prevent fraud and money laundering. For instance, banks have been using transaction monitoring systems for decades based on pre-defined binary rules that require the output to be manually checked. Patrick George/Getty Images.

Banking 70

Banking Tools Data Real Estate 70

Management Consulted

FEBRUARY 5, 2017

Some of the major practice areas that the NYC region focuses on are corporate development, corporate finance, digital economy, globalization, growth, information technology, marketing & sales operations, people and organization, post merger integration, risk management, strategy, sustainability, and transformation.

Consulting 157

Consulting Deloitte Bain McKinsey 157

Tom Spencer

DECEMBER 17, 2016

Part of the drive for diversity, to be honest, is caused by a failure of women to rise to the top in most large businesses – including the financial services, banking or tech industries, despite a generation (at least) of trying. The conversation has been underway for quite some time. You go girl! Image Source: Bridging the Gender Gap ).

Banking 60

Banking Financial Industry Course 60

Harvard Business

MARCH 6, 2018

ICT has offered new ways of exchanging information and transacting business efficiently and cheaply. We have seen that redesign in Kenya, where MPESA, a mobile money solution , has emerged as the most important banking institution without a bank license. Even in agriculture, digital technology is working.

Telecommunications 72

Telecommunications Banking Knowledge Base Data 72

Harvard Business

OCTOBER 11, 2017

Although economists have long focused on policies that promote the acquisition of human capital through education, the efficient allocation of the resulting talent is just as important. Our data shows, for instance, that 18% of multimillionaires work in finance, while only 1% of them are professors and scientists.

Policies 72

Policies Talent Government Research 72

Ben de Haldevang

MARCH 7, 2017

He spent the early of his career in the investment banking world with Standard Chartered and ABN Amro before starting up his own advisory and investment business, ADL Capital with a focus on investing in power, infrastructure, waste and biomass, clean energy and energy efficiency businesses across SE Asia and into China.

Interviews 45

Interviews Energy Finance Banking 45

Epicflow

OCTOBER 16, 2023

Beyond just time, buffers can cover finances, manpower, and more. Carrying a power bank when out for long hours ensures that even if your phone’s battery depletes faster than expected or if you use it more than usual, you won’t be left without a functioning device. Backup Power/Charger (Resource Buffer).

Resources 130

Resources System Tools Management 130

Harvard Business

DECEMBER 7, 2017

These two trends may seem separate—or, some people believe, incompatible—but together I believe they have the power to improve finance’s role in the world. On the other side, fans of active management see it as a trend that can damage market efficiency and lead to distortions in market prices.

Chemicals 72

Chemicals Industry Metrics Financial 72

Tom Spencer

APRIL 14, 2018

UBER and Air-BNB are the companies who have perfected this model and have radically democratized the taxi and hotel industries, tapping into un-utilized excess capacities and ultimately making the economic system more efficient. Some of these top consulting firms also have strong alumni networks in industry, finance, law and government.

Consulting 84

Consulting Talent Enterprise Industry 84