The Finanser’s Week: ninth January 2022 – sixteenth January 2022

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This week’s fundamental weblog discussions embrace:

How a financial institution’s IT techniques allowed £100m a day of fraud

NatWest, previously Royal Financial institution of Scotland (RBS), is an efficient instance of a financial institution with garbage IT. This was illustrated once I noticed the headline: NatWest fined $300 million for cash laundering. They didn’t do the cash laundering, however plenty of accounts – particularly …

The connection between course of and technical debt

Many monetary processes had been created centuries in the past. When expertise arrived, we automated these historic processes to make them extra environment friendly. We didn’t essentially focus upon tips on how to make them more practical, as the main target was on tips on how to scale back prices. Years later, we’re paying …

FinTech funding grew 183% in 2021

I took a contrarian view and stated that FinTech investments worldwide would plateau in 2022. Curiously, 2021 was a report yr. Simply trying on the figures from Innovate Finance, you’ll be able to see issues had been nonetheless on hearth: Sector bounces again from pandemic – 217% total …

Will the euro collapse and disappear tomorrow?

There was a continuing debate in regards to the euro and the way forward for Europe. When the UK voted to go away the EU in 2016, I used to be completely mortified. I didn’t assume it will occur, nevertheless it has occurred. It’s a messy divorce, however the divorce …

Can Elon Musk remedy world starvation?

The worlds’ wealthy get richer, and the poor get poorer. Does it at all times must be that means? In 2020, the world’s super-rich loved a report rise of their wealth. Right here’s how the world’s wealthiest can put their cash to make use of

 

This week’s fundamental headlines embrace:

 

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