#finance industry

[phoenixyfriend]

I am constantly struggling not to talk about how the stock market and finance industries are a huge, rich-person-approved pyramid scheme

[low-kode]

The Future of Low-Code in the Finance Industry

The Future of Low-Code in the Finance Industry by Low-Kode February 04th, 2022 The pandemic has fast tracked banks’ need to digitize their operations right from the customer onboarding phase to the back offices. This, of course, has its own challenges, and banks

The pandemic sped up the requirement for 𝐛𝐚𝐧𝐤𝐬🏦 𝐚𝐧𝐝 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥💰 𝐢𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐞𝐬 to shift entire client lifecycle origination, onboarding, self-servicing, and back-office operations to 𝐝𝐢𝐠𝐢𝐭𝐚𝐥 𝐩𝐥𝐚𝐭𝐟𝐨𝐫𝐦𝐬. The urgency to 𝐝𝐢𝐠𝐢𝐭𝐢𝐳𝐞 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬 offerings became important to survive in today’s market. The 𝐋𝐨𝐰-𝐂𝐨𝐝𝐞 platforms like 𝐌𝐞𝐧𝐝𝐢𝐱, OutSystems, Power Apps, Power BI, Snowflake can solve those that solve digitization challenges. Check out our wonderful article to understand how one can 𝐥𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐥𝐨𝐰-𝐜𝐨𝐝𝐞 𝐭𝐨 𝐭𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦 𝐭𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐟𝐢𝐧𝐚𝐧𝐜𝐞 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲.👇

https://low-kode.com/blogs/the-future-of-low-code-in-the-finance-industry/

[rjzimmerman]

Climate summit leaders hope to catalyze a key ingredient: Cash

As part of his climate week, President Biden wants to convince private-finance firms to agree to net-zero targets and on directing capital to no-carbon projects.

Excerpt from this story from the Washington Post:

World leaders looking for ways to slow climate change are zeroing in on a key element to actually help make that happen: the private sector and the vast amount of money it can invest to transform the global economy.

During a climate summit being convened by President Biden on Thursday and Friday, dozens of companies are expected to announce increased investment in renewable energy, electric vehicles and forestry as part of a push to decarbonize the global economy by 2050. At the same time, the corporate community is facing heightened pressure to turn off the lending and investing spigot for fossil fuels and other sources of greenhouse gases.

The world’s poorer countries also are demanding the international financial sector channel more of its investments and loans to less-developed nations to help pay for reducing emissions — and to assist those countries in adapting to the climate impacts they already are confronting.

“Success on climate change requires transforming the entire global economy,” said Nigel Purvis, the chief executive of Climate Advisers, a nonprofit firm involved in marshaling private capital to combat the problem. “That task is too big for governments to do alone. The private sector is the engine of global change, and action and success will depend on harnessing the power of private enterprise.”

“Historically a lot of the climate negotiations have focused exclusively on governmental resources, and the agenda here is in part to enlarge those and to really think about private capital and how that private capital, perhaps blended with some government resources, can substantially enhance the overall financial capacity to address climate,” an administration official said at a Wednesday briefing on the condition of anonymity.

Mark Carney, a former head of the Bank of England and now a climate adviser to British Prime Minister Boris Johnson, on Wednesday will unveil the Glasgow Financial Alliance for Net Zero. The group represents 160 firms with $70 trillion of assets that have pledged themselves the mission of reaching zero emissions by 2050; the commitment will require them to map out detailed steps along the way. The alliance also plans to publish transition targets following “a scientific pathway,” one banker said, speaking on the condition of anonymity to preserve business relationships.

An additional 43 banks in 23 countries have joined a Net-Zero Banking Alliance, setting their own zero-carbon pledges for 2050. Within three years, the banks must set targets for borrowers with larger emissions. The banks will have to spell out in unusual specificity their plans for overhauling nine sectors: agriculture, aluminum, cement, coal, commercial and residential real estate, iron and steel, oil and gas, power generation, and transportation.

In the United States, more companies are looking for ways to reach net-zero targets and to meet the demands of shareholders, consumers and employees. Ceres, a nonprofit organization dedicated to sustainable development, recently released a letter signed by more than 400 companies urging Biden to set a challenging goal of cutting U.S. emissions by 50 percent or more from 2005 levels. The signatory companies include Ben and Jerry’s, Salesforce, Ralph Lauren Corp. and the cement maker LafargeHolcim.

[sgstechnologies]

Artificial Intelligence (AI) has conquered several industries. The concept is well recognized by end-users in the market and AI is gradually becoming a part of everyday lives. Adaptations of AI technology can now be witnessed in the healthcare, education, and finance sectors, in addition to the armed forced. However, there remain several areas where Artificial Intelligence can still be used with mobile applications being a promising example. Personalized mobile applications that respond differently as per the preferences of each user or business can be developed with AI technology.

[dohardmoneyreview-blog]

House Flipping Dream Realized With DoHardMoney.com-HardMoney Loans

Edwin is a disabled vet in Illinois that wanted to try house flipping as a way of making a difference both for himself and his community. DoHardMoney.com was able to provide the funding, resources and proof of funds to make that happen.

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[rjzimmerman]

On Climate, Wall Street Out-Orwells Orwell

BlackRock’s C.E.O. says divestment from fossil-fuel stocks would be “greenwashing.”

Excerpt from this Op-Ed authored by Bill McKibben, published in The New Yorker:

It was likely too much to hope that the Biden Administration, as it tries to get a handle on climate change, might find some help from Wall Street. Instead, last week, we saw financial heavyweights turn in a performance so rigid and so short-sighted that it makes one wonder whether capitalism in anything resembling its current form can, or should, survive.

The scene was a virtual forum organized by the Institute of International Finance, and the participants were the people running the world’s biggest banks, investment houses, and insurance companies. The backdrop was the heightened effort by activists in the past eighteen months to get them to stop loaning money to, buying the stocks of, and underwriting the expansion plans for the fossil-fuel industry. (Another backdrop was one of the hottest years ever recorded on Earth, a year that also saw the biggest wildfires and the most Atlantic hurricanes.) The Biden Administration has begun to make noises about supporting those activist efforts with new regulations at the Federal Reserve, the Department of the Treasury, and the Securities and Exchange Commission. And now the money men were saying, essentially, go to Hell. Not in the obvious, gloating way of the Texas gas exec who boasted last week of “hitting the jackpot with some of these incredible prices.” Nothing quite so crude, yet far more ominous.

We have to move fast because the fossil-fuel industry mounted a huge campaign of deception and denial, which long paralyzed our political system. (Politicians beholden to those companies are still engaged in that campaign, as the blizzard of misinformation about wind power coming out of Texas last week made clear.) Last week, Michael Ryan, who has headed up the covid-19 effort for the World Health Organization, got an award from Trócaire, a charitable agency of the Irish Catholic Church that, among other things, led a successful effort to divest that nation’s public accounts from fossil fuels. Ryan talked about both the coronavirus and the climate, and he did so bluntly. “We are pushing nature to its limit. . . . We’re pushing communities to their limits. We’re stressing the environment,” he said. “And we’re doing it in the name of globalization and some sense of chasing that wonderful thing that people call economic growth. In my view, that’s becoming a malignancy.” The “we,” though, is not as broad as Ryan’s brogue. Much of the “we” doing the damage works on Wall Street.

“We’re writing checks that we cannot cash,” Ryan said. That’s a metaphor, and also a fact.

[wonderfullywiseshrine]

Smaller asset managers getting pushed aside

Canada’s emerging asset managers are finding it harder to compete as the investment industry becomes increasingly dominated by large, established firms. Bigger players benefit from scale, stronger distribution networks, and tighter relationships with advisors, making it difficult for smaller firms to gain traction.

Regulatory costs and operational demands have also risen, which disproportionately affect newer or smaller managers. These firms often struggle to absorb the same compliance and administrative expenses that large institutions can spread across massive asset bases.

As a result, fewer independent or niche investment options are making it into client portfolios. This narrowing of access could limit innovation and reduce diversity in strategies available to investors, especially in alternative investments where smaller firms have traditionally played a bigger role.

Final Note: It’s the kind of quiet industry shift that doesn’t make headlines often, but it slowly shapes what choices investors even get to see.

[coolsuperbcollectionwerewol-blog]

Buying a client book, then trimming it

An advisor who purchased a book of 390 clients ended up keeping only about 150 after taking a closer look at the relationships and fit. The decision wasn’t about shrinking the business, but about focusing on clients who aligned with the advisor’s approach and could be properly served.

After the acquisition, many of the inherited clients either didn’t match the firm’s planning style or required a level of service that didn’t make sense for the new structure. Rather than stretching resources thin, the advisor chose to transition a large portion of them elsewhere.

The result was a smaller but more manageable client base, allowing for deeper relationships and more consistent service. It also highlights how buying a practice isn’t just about volume — it’s about compatibility, expectations, and long-term sustainability.

My Thoughts: It’s a reminder that “more clients” isn’t always better — sometimes it just means more mismatch to sort through.