Recommended articles: FinTech & Risk Manamegent

Today, the post have two parts: By one hand, one dedicated to FinTech by the other focus on Risk Management.

I. FinTech

Source: VoxEU

1. The old and the new of fintech. Technological change in the financial industry is accelerating. Recent developments include new innovations and improvements on past trends. This column distinguishes between the information and communication channels of financial innovation and analyses their implications for financial intermediation. It suggests that innovations in these two dimensions may lead to big changes in the traditional bank business model. New policy priorities should focus on accurately assessing the operational risks and ensuring the robustness of these technologies (VoxEU).

2. The future of private banking in Europe: Preparing for accelerated change. European private banks were already feeling pressure to revitalize. Now that the pandemic has accelerated changes in the expectations of clients and employees, the industry will need to accelerate its transformation (McKinsey).

3. Covid-19: Boon and bane for digital payments and financial inclusion (BIS).

II. Risk Management

1. Quarterly Five-Year Forecast of Relative Risk and Return Across Asset Classes

Source: PineBridge Investments

2. Managing and monitoring credit risk after the COVID-19 pandemic. The unique features of the pandemic-triggered recession have led banks to move more quickly to build real-time data and analytics into their credit-decision engines (McKinsey).

3. You know the expression, “Off the charts?”. In the next post, the author share 4 such economic data points that are simply off the charts (The Big Picture).