Discover and read the best of Twitter Threads about #Bank

Most recents (24)

1/ A #bank #strategy view for discussion. (Tear it up twitter!)

Many bank/fintech partnerships coming in 2H

Bank are being squeezed by:
-Many open infrastructure projects
-Covid accelerating digital needs
-Suddenly tighter budgets

Market is primed for tech challengers
2/ With this squeeze and to keep fintech and big tech from taking further wallet share...

banks to lean on partnerships that can be rapidly deployed and keep the bank front of mind for the customer.
3/ Many past bank projects digitized the front end. The back end remained unchanged & now a painpoint.

Good time for deals/fintechs that modernize or outsource back end processes to improve the full bank CX
Read 4 tweets
The source code related to over 50 companies has been leaked and posted on a public repository.

In some cases there are hard-coded credentials.

Here the targeted Banks:
- 1 Italian Bank: @BNL_PR @BNL_PR
- 2 Fintech in the US: @Fiserv, @BuckzyPayments

#bank #databreach
Here 2 more victims related to the Financial sector:
- The Spanish company that develops banking software @MercuryTFS 🇪🇸
- The Nigerian payment infrastructure builders @weareTeamApt 🇳🇬
#bank #databreach #CyberSecurity
Here the complete companies list inside the repo:
pastebin.com/aAnaLgS8
Read 4 tweets
1/ HERE'S AN EXTREMELY DETAILED article re: all the "regulatory theater" in #crypto prime brokerage today. It's prob moot now that at least 1 national bank is entering (so non-bank regulatory structures for crypto r obsolete). @ChrisKentouris @finopsreport
finopsinfo.com/trading/prime-…
2/ I'm SO GLAD native #crypto cos r close to receiving #bank licenses, so the big national banks won't entirely co-opt native crypto cos in US market. Bank licenses are far superior to existing regulatory structures used in US crypto (@APompliano about to release podcast on this)
3/ The @finopsreport article details why a #bank license is superior to trust charter or #BitLicense--banks have much higher capital & reg rqmts, r directly plumbed into Fed, much better bankruptcy treatment for customers, only banks have safe harbor as "qualified custodian"+more
Read 4 tweets
1/ GAME ON! The @USOCC's announcement that it's following #Wyoming by allowing national banks to custody #digitalassets is GREAT news for #crypto! Long overdue & hopefully will help U.S. regain ground it lost to other developed world countries by dilly-dallying for so long.
2/ Winners=customers & #crypto VCs. This will spur M&A boom as US banks acquire #digitalasset custodians. Most must sell bc:
a. trust co. charters now obsolete &
b. #BitLicense now obsolete 👏

bc @USOCC leapfrogged 'em. Custodians now MUST have a bank charter to be competitive.
3/ But @USOCC didn't leapfrog #Wyoming, bc we already offer a bank charter.🤠

What's the distinction? A bank license was **ALWAYS** the optimal US regulatory structure for crypto custodians--not a trust charter or #BitLicense. Bank charters are SO much better for #crypto custody
Read 25 tweets
.#Markets keep pivoting off of a great deal of noise running through the #media, but as we’ve indicated for some time, it’s worth taking a step back to consider the power behind #monetary rescue programs and their influences.
Critics of the efficacy of quantitative easing (#QE) often contend that asset purchase proceeds remain stranded in the #financial #economy
but the transfer of #capital to #MainStreet actors; amounts to the first direct payment of money creation from the #Fed into the real #economy since WW2, catalyzing broad #money and incremental #NGDP growth, and Chair Powell also indicated those purchases won’t run off.
Read 6 tweets
Daily Bookmarks to GAVNet 6/13/2020-2

greeneracresvaluenetwork.wordpress.com/2020/06/13/dai…

For Experts Who Study Coronaviruses, a Grim Vindication

undark.org/2020/06/08/for…

#coronavirus #vindication #bats #experts
Megathrust shear force controls mountain height at convergent plate margins | Nature

nature.com/articles/s4158…

#plate #height #tectonic #mountain
Read 4 tweets
IT’S HEATIN UP 🔥🔥🔥🔥🔥🔥
when I tweet somethin like this I don't mean IT jokingly or something about me personally. I mean the sim ITself is bubblin... IT gives you all the signs you need if you just pay attention to IT now. ❤️🌊🔥🔥🔥👀
Read 1747 tweets
Finally, after so much wait, @RBI Governer comes out to provide much needed relief to economy - key announcements thread:

#RBI #economy #rbigovernor
1. Yes, even after all the projections of economic growth slip, India might still stay at the top of global economic growth chart (As per IMF).

#IMF #GDP
2. NBFCs, this time RBI has looked out for you.

TLTRO 2.0 - targeted long term repo operations of INR 50k crore ease the liqudiity issues, specifically for NBFCs.

#NBFC
Read 9 tweets
Lets talk about #Global #CentralBanks and their #MonetaryPolicy stances given #COVID19. Specifically, lets ask ourselves: "Can Central Banks Help Fight COVID-19?"
The best place to start is to note that #Global #Growth was already facing considerable downside risks before the #COVID19 outbreak December 2019. The slow down in global growth came on the back of trade (china vs. us) and geopolitical (Brexit etc.) tensions...
To this end, institutions such as the #IMF & #WorldBank revised down their 2020 #Economic #Growth outlook & emphasised the need for a more coordinated #policy approach between #monetary & #fiscal policy around the globe to "rescue" growth from the doldrums...
Read 14 tweets
On June 13, 2019 The World Economic Forum entered into partnership w/ the United Nations (essentially taking it over in an official capacity). The WEF is now at the helm of the so-called "sustainable" development goals - via the implementing of said "solutions" (markets, etc).
On May 11, 2020, the World Economic Forum, "acting as partner to the World Health Organization", launched an emergency task force to respond to the novel coronavirus outbreak. #Covid_19 #COVID19 #WHO #WEF

The task force is called the "COVID Action Platform" for business & has more than 200 corporate members, including Alphabet (#Google), Nasdaq Inc, KPMG, & HP. It appears that access to the #WEF-#WHO online "COVID Action Platform" is limited to WEF members/partners.

#COVID19
Read 17 tweets
1/ INTRODUCING AVANTI BANK, a new US #bank to serve #digitalasset industry, offering new products & svcs not currently available in USD mkts along w/ tech partner @Blockstream. #Wyoming-based. We’re preparing long process of charter application & aim to open early 2021. @AvantiBT
@Blockstream @AvantiBT @adam3us 2/ Co-founder/team news soon. I’ve founded @AvantiBT w/ key support from top people in #crypto + important innovators from traditional finance. Seed funding round recently closed. Avanti will serve institutional customers that need services around #Bitcoin & #cryptoassets.
@Blockstream @AvantiBT @adam3us 3/ A critical piece of US mkt infrastructure is missing—a regulated #bank that can act as bridge to Fed for pymts + custody #crypto for BIG institutional money (pensions/endowmts/foundtns/corps/sov wealth) who need this b4 entering #crypto in a big way. Regulation had blocked it.
Read 29 tweets
Det är svårt att föreställa sig om det som sker i Kina. Uppenbarligen samlar de in dissidenter. All internet trafik är spärrad utom de källor som kommer via den kinesiska staten. Det som pågår i Kina angående #Coronavirus är en krigshandling av främmande makt.
Det här viruset är
gjord av människan. Ryssland, Indien, Taiwan vet att viruset innehåller HIV.

Därmed är skiten tillverkad av människan. Det sägs att den slår hårdare mot kinesiska män än mot andra raser, vilket betyder att denna "attack" kommer ej från deras egna led.

Fortsättning följer.
Russian scientists believe America created the Wuhan coronavirus to sabotage China dimsumdaily.hk/russian-scient… via @Dimsum Daily
Read 292 tweets
Lets talk about the #FED's #Outlook on #US & #Global #Growth & where it sees #MonetaryPolicy #Regulation & #Supervision going given the #Zero / #EffectiveLowerBound...
Yesterday, 6th February 2020, the #FederalReserve (FED) Vice Chair for #Supervision addressed the #Money Marketeers of #NewYorkUniversity in #NewYork. His address, in the form of a speech, was coined "The #Economic Outlook, #MonetaryPolicy, and the Demand for #Reserves"...
Considering that the #FED is one of the most influential #CentralBanks in the world, it pays to get as much information from them as possible, especially when it comes to #monetarypolicy conduct and the #Global impacts thereof...
Read 11 tweets
Qassem Soleimani was killed in an air strike by the #US in #Baghdad. Equivalent to Jiang Zemin in #China, Soleimani was a dominant figure in the military, politics and oil industry of #Iran. Most of his family reside in #HongKong, #Shanghai and #Beijing.
#China’s Bank of Kunlun was established by Soleimani family in collaboration with the #CCP. The actual #Chinese main shareholders are Jiang Zemin, Wang Qishan, Meng Jianzhu (and Zhou Yongkang before jailed). Its asset has increased from $17 billion to $28 billion.
#Bank of Kunlun is a tool of #Iran’s Soleimani, Khamenei and the #CCP kleptocrats to launder money and evade the #US sanctions @robert_spalding @MischaEDM @WarrenPlatts @geoff_p_wade @DanRDimicco @Jkylebass @BenKTallmadge @IndoPac_Info @BoycottHegemony
klb.cn/eklbank/921141…
Read 69 tweets
A detailed #thread on the important #schemes launched by Sri #NarendraModi led #BJP Govt.

Sri @narendramodi ji has launched many #welfare schemes. These #schemes varies from welfare of #Farmers, #housewives, #labourers, #students to small #shopkeepers etc.
@PMOIndia @BJP4India
1. PM-KISAN: This scheme promises to pay all poor #farmers (small and marginal farmers having lands up to 2 hectares) Rs 6,000 each every year in 3 installments through Direct #Bank Transfer. It would reportedly benefit around 14.5 crore farmers all over #India.
2. Pradhan Mantri #Kisan Pension Yojana: To address the problems of farm sector distress, the Modi 2.0 Cabinet has approved a proposal to provide small and marginal #farmers with a minimum Rs 3,000 per #month fixed #pension, costing Rs 10,774.5 crore per annum to the exchequer.
Read 33 tweets
A #conservative "working" #peer has made an astonishing claim that he handled billions of pounds of #terrorist funds at the behest of the #Bank of England during his business career, with the #IRA as his "biggest client".

Lord James of Blackheath also claims
that he is in touch with a secret organisation which he called Foundation X, with vast sums of money at its disposal, which is prepared to lend billions to the British government, interest free, to help reduce the deficit, but he has been unable to get ministers to believe him.
His claims were ridiculed as coming from a man who has lost touch with reality when he voiced them in the House of Lords this week, but a government minister, Lord Sassoon, said that they had been the subject of "detailed discussions".

Lord James told peers: "I have had one
Read 19 tweets
Jetzt #Schattenmacht #BlackRock im #ZDF.
Um 00:45 morgens.
Werden sicher wenige sehen.
#Merz & die 1% wird es freuen!
2. #BlackRock currently has just under US$7 trillion under management & with #Vanguard they control two thirds of all #ETFs.

Now if BlackRock decides to sell a bigger share because the market turns you can quickly get a "run for the exit", A RUN!

#Markets #Stocks #Merz
3. #BlackRock has major shareholdings in many of the global Top 500 companies.

In Germany BlackRock is a major shareholder in ALL #DAX-companies!

#Stocks #Markets #Merz #CDU
Read 12 tweets
Who runs Extinction Rebellion. Heiko reveals all, Financialisation of Nature, Climate Change, 4th Industrial Revolution, Change the Mind of the Population around an
Issue ...
#TheLeft "use other people money to pay for what they want, by creating a state of mind that their is a desperate & urgent crisis, immediate action, worldwide WW2 mobilisation or new deal thru orchestrated series of events like a media campaign atlanticcouncil.org/blogs/energyso…
A detailed analysis by the #World #Bank found that while $100 trillion is held by #PensionFunds & other #institutional #investors, same investors allocated less than $2 trillion over a 25yr period into #infrastructure #investment in #EmergingMarkets

/3 #WhatDrivesClimateAgenda
Read 7 tweets
My 140 favorite quotes from The Ethics of Money Production (2008), by Jörg Guido Hülsmann
1. #Money is omnipresent in modern life, yet the production of money does not seem to warrant any moral assessment”. J.G.Hülsmann
2. “To be sure, central bank representatives are lecturing the public on the importance of business #ethics; but their concerns do not seem to apply to themselves”. J.G.Hülsmann
Read 142 tweets
@DamianGawryluk You’re very warm...keep going! There are profound implications for #crypto custodians from footnote 13 of the SEC’s new guidance...I’ll be back with more later 🤠🤠🤠... @propelforward @NYcryptolawyer @josh_blockchain @AndreaTinianow @AnnetteNazareth @stephendpalley
@DamianGawryluk @propelforward @NYcryptolawyer @josh_blockchain @AndreaTinianow @AnnetteNazareth @stephendpalley 1/ OK here's what it means. The SEC's new guidance would have been a bummer for the #crypto custody industry were it not for #Wyoming's new #SPDI law, bc there's precisely one--only one--type of bank that satisfies the SEC's key rqmt w/o tripping over other regulatory landmines.
@DamianGawryluk @propelforward @NYcryptolawyer @josh_blockchain @AndreaTinianow @AnnetteNazareth @stephendpalley 2/ #Wyoming designed the #SPDI law to thread this v precise needle--to be a bank when it NEEDS to be (eg, to satisfy good control location) but not to be a bank when it doesn't want to be (eg, to avoid tripping bank holding co status). The impact? The #crypto custodians that...
Read 12 tweets
1: The global banking industry is showing signs of renewed health:

i. Deep capital reserves-Tier-1 capital is at decade-high ~12.6%.
ii. High liquidity: Loan-to-deposit ratio fell to~90%, as comp. to 120% in 2007
iii. Innovation: Investment in digital capabilities & partnerships
2: Banks have taken an axe to costs, yet profits remain elusive (falling ROE and P/B Multiples), leading to depressed valuations.

The unstoppable march of ‘Four Horsemen’ —Disintermediation, Commoditization, Unbundling/Rebundling, and Invisibility— continues.
3: Technology is breaking up traditional value chains into new stacks.

—Traditional Model: Banks vertically integrated. Competition between banks with similar offerings.
—New Model: Modularization. Specialized service providers compete on product innovation and distribution.
Read 12 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!