Carlos Ghosn: the rise and fall of a superstar CEO - FT Film

The FT tells the story of Carlos Ghosn, the superstar chief executive who built the global carmaking alliance between Renault, Nissan and Mitsubishi. It is the tale of how a globetrotting industry titan with the world at his fingertips became an international fugitive.

SWIFT Go - near real-time cross-border payments

Banking co-operative Swift is moving into the low value remittance market with the launch of Swift Go, a service that enables consumers and small businesses to send near real-time payments anywhere in the world direct from their bank accounts.

Seven global banks - BBVA; Bank of New York Mellon; DNB; MYBank; Sberbank; Société Générale, and UniCredit - which collectively handle 33 million low-value cross-border payments per year, are already live with the service.

Using tighter service level agreements between institutions and pre-validation of data, Swift Go enables banks to provide their end customers a fast and predictable payments experience with upfront visibility on processing times and costs.

How TikTok's Algorithm Figures You Out - WSJ

The Wall Street Journal created dozens of automated accounts that watched hundreds of thousands of videos to reveal how the the TikTok algorithm knows you so well.

A Wall Street Journal investigation found that TikTok only needs one important piece of information to figure out what you want: the amount of time you linger over a piece of content. Every second you hesitate or rewatch, the app is tracking you. 

Photo illustration: Laura Kammermann/The Wall Street Journal

“TOP READS OF THE WEEK” (for week ending 23 July)

This week’s top reads in banking, fintech, payments, cybersecurity, AI, IoT, risk management and much more

In this weeks selection;

Top Reads

• Need to Fit Billions of Transistors on a Chip? Let AI Do It
• The DeFi Hype: Why it matters
• London fintech funding soars in first half of the year
• Banks demand high bar for fintech access to Fed services
• Wells Fargo lays out two-wave strategy for office return
• Why cybersecurity keeps payments executives up at night
• REvil vanished from the internet. But ransomware attackers never fully disappear
• Yellen urges regulators to 'act quickly' on stablecoins
• Visa makes another big bet on fintech, buying UK payments start-up Currencycloud
• Cybersecurity risk: The number of employees going around IT security may surprise you
• How Compliance Professionals Should Shape AI Regulations in Finance
• "Never Trust, Always Verify": Why Your Business Needs to Adopt Zero Trust Principles for Cybersecurity
• Data breach fears cloud optimism as open banking expands
• How to keep business operations running after a cyber incident
• Apple Pay Later's Target: Startups Or Issuers?
• Failed payments cost North American banks $33.7B in 2020: report
• Biden administration readies 3 initiatives to curb ransomware
• Neobank HMBradley shifts to invite-only, seeks more partner banks
• Card companies go green, but hurdles remain
• Cybersecurity is the next frontier for AI and ML
• 8 Fintech Trends Changing Banking Forever

From our Blog

• Consumer Adoption of Voice-Activated Payments is Tepid
• Why Microsoft keeps beating Apple and Google with Windows
• Ranking the Top Used Payment Services for Online Shopping
• Facebook Pay’s Expansion Plans Might Get No ‘Likes’ From Big Tech Rivals
• COVID-19 and its Impact on the Asia Pacific Commercial Credit Card Market

Consumer Adoption of Voice-Activated Payments is Tepid

 Consumers are not really taken by voice activated payments systems. Their response has been rated as "tepid". Ouch!

Why Microsoft keeps beating Apple and Google with Windows

 

Microsoft Windows debuted in 1985 and for the past two decades it has been the dominant PC operating system worldwide. In 2020, Windows had almost 83% market share by unit shipments, while Google Chrome OS had 10% and Apple’s Mac OS had 7%, according to Gartner. 

From solitaire to its iconic start button and start up sounds, productivity apps, gaming and corporate computing, Windows changed the way we use computers. The legendary Windows 95 helped propel the company to dominate the market in personal computing. Microsoft has introduced many versions of Windows since its inception with some more memorable than others. It’s competed with IBM, Apple, and Google for market space. According to Microsoft, there are more than 1.3 billion devices running Windows 10 worldwide on a monthly basis. Today, Windows only makes up 14% of Microsoft’s business but remains a critical part of it. The company just announced the latest version Windows 11. 

CNBC spoke with former Microsoft employees including Terry Myerson, Michael Cherry, Brad Silverberg and Tandy Trower to get a look back at over three decades of Windows.

Ranking the Top Used Payment Services for Online Shopping

Payments Journal ranks the top used payment services for online shopping.