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ID Verification, Insurance AI, Stimulus Funds Top This Week’s News

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Why AI’s Early Adopters Are Laser-Focused On Credit Risk And Payments. These circumstances have illuminated what has been a longstanding central concern for lenders: determining and managing credit risk. Netflix, Disney And The Great Entertainment Shift. Fun, Cool and Otherwise Interesting .

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Budget Preparation Process: Full Step Guide

Spreadym

Categorize Expenses: Group your expenses into categories, such as housing, transportation, utilities, entertainment, and so on. Risk Management: Identification and assessment of risks, such as credit risk, market risk, and operational risk, should be factored into budgeting to ensure financial stability.

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What is the difference between planning, budgeting and forecasting for a business?

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Risk Assessment and Management: Identify potential financial risks and develop risk management strategies. This includes evaluating market risks, credit risks, operational risks, regulatory risks, and other factors that may impact the business's financial stability.

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Transcript: Melissa Smith, co-Head of Commercial Banking at JPMorgan

Barry Ritholtz

Is there something very different about the credit risk associated with those industries that, that that banker expertise helps and that we need sort of dedicated credit teams, again, with the, with the focus on those specific industries. Speaking of, of entertainment. What’s keeping you entertained?

Banking 52
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Transcript: Kristen Bitterly Michell

Barry Ritholtz

And so, with this gave me exposure to everything from investment banking to retail, looking at like checking account campaigns, like how do you get more assets in the door to credit risk. What did you do to entertain them? And ultimately, to make a very long story short, I fell in love with derivatives. BITTERLY MICHELL: Yeah.

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Transcript: Ted Seides

Barry Ritholtz

The challenge is unlike the S&P 500, hedge funds sit in a box that has underlying credit risk from prime brokers. So the credit markets froze. It’s just entertainment. What’s keeping you entertained during lockdown? SEIDES: No, you’re right about the securities. SEIDES: That’s correct.

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Transcript: David Snyderman, Magnetar Capital

Barry Ritholtz

But in our experience, we’re seeing them efficiently transfer the credit risk of assets, but keeping the customer relationship, it’s a very important distinction. Either you have the asset and the credit risk, I would imagine. This is the product that, that allows them to transfer credit risk.