The Fourth Industrial Revolution, through which emerging technologies converge to push the boundaries into uncharted territory, has already begun, and data is the fuel that is powering it. Forward-looking banks are not just riding but driving the wave, discovering and implementing the many advantages that vastly improved multi-channel analytics of today’s deluge of data offers.
Banks are supposed to put up sturdy walls to protect the sensitive financial information that they closely guard, but sometimes these silos work to the benefit of the fraudsters intent on breaking in and stealing it. When bank teams work together, they present a much stronger unified barrier against cyber-criminals. What five steps do banks need to take to make this collaboration happen?
The European Commission’s Capital Markets Union Action Plan, introduced three years ago, is intended to make capital more readily available to businesses and encourage economic and job growth within the EU. Substantial strides have been made, yet there is much more to do, especially as subsequent events such as Brexit have altered the landscape. How far has the CMU Action Plan progressed to date, and how much farther has it still to go?
Our world has never been more connected, thanks to the internet, and this is especially true in commerce. Via digital communication, the consumer can deal directly with multiple traders, from small to mammoth, of products and services without the assistance of an intermediary. The new network economy introduces opportunities for both cooperation and competition. What are the four main trends in today’s markets?
Cyberattacks have become one of the biggest threats, not only to business but to society at large. Cybercriminals, hacktivists and nation states are now capable of deploying malicious code to bring down everything from corporates to critical infrastructure in an instant.
With Brexit just around the corner, the European banking sector is under significant pressure to forecast and mitigate potential economic shocks. Given the levels of uncertainty over possible outcomes whilst the details of any potential deal (or no-deal) still to be confirmed, how forewarned can banks actually be without testing hundreds of possible permutations?
The rapid adoption of artificial intelligence and machine learning in all corners of the financial sector, particularly in anti-money-laundering (AML) efforts, has excited and inspired onlookers and participants alike. But as with all innovations, there are pitfalls to unquestioning acceptance that can actually worsen the situations these technologies are meant to address. Human intelligence must work cooperatively and in the lead role alongside AI and ML to guarantee the best results.
Following on from our recent piece, “Five Industries in Which to Invest in 2019”, we now turn our attention to some of the most promising individual stocks within those industries. Looking forward to 2019, each one of the five sectors certainly appears to have some winners.