How will covid-19 change travel? - The Economist

The covid-19 pandemic has devastated the travel industry. But as vaccines are rolled out and global travel slowly picks up, how will the industry evolve, and will holidays ever be the same again? 

“Must Reads” for 22 February

Today’s “Must reads” in banking, fintech, payments, cybersecurity, AI, IoT and risk management include:

• Types of Malware - Best Malware Protection Practices for 2021
• Top Trends of Artificial Intelligence in the Workplace
• Cybersecurity Threats: The Daunting Challenge Of Securing The Internet Of Things
• Mobile banking: a catalyst for economic transformation
• Bridging the Trust Gap: How Fintechs Beat Incumbents at Their Own Game
• Crowd pleaser: The future of alternative financing is scale

The IPO is dead! Here comes the SPAC!

Are SPACs a useful innovation, a mania, or both? The SPAC boom in part reflects a rebellion by Silicon Valley types, who have long grumbled about having to go through an IPO.

Silicon Valley has thrived by inventing new ways of doing things, from searching for information to contacting friends. So it may come as no surprise that the Valley is eagerly embracing another sort of disruption: special-purpose acquisition companies (SPACs), as an alternative to the conventional initial public offering (IPO) for startups.

Here is a selection of articles from The Economist on the SPAC.

• The Spectacular boom on Wall Street
• Why SPACs are Wall Street’s latest craze
• What the SPAC craze means for tech investing
• Amsterdam’s financial center gains an edge over continental rivals

“Must Reads” for 19 February

Today’s “Must reads” in banking, fintech, payments, cybersecurity, AI, IoT and risk management include:

• How Can Artificial Intelligence Revolutionize User Experience?
• Overview: Mobile Banking Technology Vendors 2021
• Banks and telcos have to partner for improved financial inclusion
• Advantages to Build a Financial App
• Who Says You Need A Charter To Be A 'Bank'?
• The Road Ends for the Bank Branch

New Citadel Advantage Online Course on Illumeo on Key Risk Indicators (KRIs)

A new CITADEL ADVANTAGE online training course has just been published by ILLUMEO on Key Risk Indicators.

Key Risk Indicators (KRIs) are the measures and metrics that relate to a specific risk and show a change in the likelihood or result of that particular risk occurring. KRIs provide an early warning to identify potential events that may harm continuity of an activity, operation or a project. Their use is an integral part of the risk management process.

This course provides an introduction into understanding, developing and using KRIs in everyday business activities. In this course, we will discuss how KRIs fit into the risk management spectrum, how KRIs are developed and how they are used.

CHECK THE NEW COURSE OUT HERE

“Must Reads” for 18 February

Today’s “Must reads” in banking, fintech, payments, cybersecurity, AI, IoT and risk management include:

• Deep Dive into the MoneyLion and OppFi SPACs
• Banking-as-a-Service (BaaS) Market Next Big Thing
• Community banks need cutting-edge tech to remain competitive
• Automation‌ ‌and‌ ‌IoT‌‌: ‌Transforming‌ ‌How‌ ‌Industries‌ ‌Function‌
• Needed: People To Put The Intelligence In Artificial Intelligence
• 5 ways to a strong password and better personal cybersecurity

Patent trolls - Barclays acts

Barclays has become the first major European bank to join the LOT Network and Open Invention Network Community to oppose the abuse of intellectual property rights by patent trolls.

Patent trolls are organizations that derive revenue primarily by threatening to sue unless companies pay to license their patents. The are also known as Patent Assertion Entities.

More often than not the most flimsy claims are usually settled because of the excess time, resources and expenses that are required for a successful litigation.

By joining the non-profit LOT Network and open-source-based OIN Community, Barclays is adding its portfolio of patents to the millions of patents that are already hosted.

LOT Network financial members from outside of the EU include JPMorgan Chase, Alibaba, Citi, Vanguard, Visa, American Express, Wells Fargo, Union Pay, and Fidelity

In a statement Barclays, said: “Spurious claims from Patent Assertion Entities divert resources and investment away from true innovation and collaboration. We also recognize that a modern approach to technology development and innovation requires a level playing field around use of open source software. With membership of LOT and OIN, we are pleased to contribute to and extend the growing global community working together to reduce the PAE threat and lower barriers to use of open source technologies.”