Faced with unprecedented challenges, banks have started racing to embrace AI to gain a competitive advantage. With the advent of chatbots, personal assistants, and robo-advisors, it may not be too hard to imagine that the next wave […]
Data Journalist
Tag: Banks
A Second Financial Crisis – are we in denial?
Eight years of the financial turmoil has given a reason for many debates, research, arguments, discussions and even research work to many. To many nothing has really changed, in fact to them, we might be looking at something more serious in 2016. The question that is important is whether there is any truth to the occurrence of second financial crisis or are we just in denial? This article had been previously published in 2014.
The ‘Big Bank’ Theory- different bank similar crime
Big banks have been subject to a lot of scrutiny after the global financial meltdown in 2008. During the crisis, banks remained huge and posed systemic risks that were large enough to take down the entire financial system and eventually the economy. The question that is very important is whether pleading guilty to manipulation solves the problem that big banks face. The bitter truth remains that the big bank theory leads to bigger scams and if found guilty, leads to bigger fines but nothing really changes. The increased evidence of unethical behavior in the banking system is just a small chapter in the history of many banking scandals.
The Hits and Misses of Indian Budget 2015
With India having the world’s second largest population and the maximum number of poor people in the world, the Indian budget 2015 could be a turning point for the poor and the unemployed. While many have supported the budget, others have criticized it for being very ‘pro-corporate’. The Indian Budget has been more or less termed as “stable” in its approach allowing more public spending through emphasis on strategic plans that could modernize India’s infrastructure.
Banks’ Worst Nightmare – Carbanak Heist
As banks slowly approach the age of digitalization they already seem to be facing tough challenges that are related to their own systems’ security. Banks have been victims to many cyber crimes but so far the crimes had been related to hacking into customers’ accounts. The shift from hacking customers’ accounts to hacking banks’ systems seems to be one of the latest and perhaps the biggest and quietest cyber crimes. In the past, bank robberies might not have been so planned and professional but with changes in technology, even cyber crimes seem to keep up
A Second Financial Crisis – are we in denial?
Six years of the financial turmoil has given a reason for many debates, research, arguments, discussions and even research work to many. To many nothing has really changed, in fact to them, we might be looking at something more serious in 2015. The question that is important is whether there is any truth to the occurrence of second financial crisis or are we just in denial?
Fed’s Stress tests for Banks – 29 Pass 1 Fail
On March 20, 2014, in the Fed’s Stress tests for Banks – 29 Passed and 1 Failed. While one bank was below par the rest seemed to have scored well. The real picture will be completed on March 26th,2014. Many raise questions on the stress test of banks. This article focuses on the basic key points of what bank stress results are and what are considered its drawbacks.
