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10 Weekend Reads

Barry Ritholtz

Business Insider ) • UBS Looks Beyond Credit Suisse to Bank Even More Billionaires : The return of CEO Sergio Ermotti and the acquisition of its Swiss rival have the bank doubling down on wealth management and expanding in the US. If the past is any indication, younger generations shouldn’t get their hopes up.

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Pakistan Launches Payment System To Boost Financial Inclusion

PYMNTS

The system was developed over a period of years by a collaboration between the State Bank of Pakistan and the Bill & Melinda Gates Foundation. The Raast system was also supported by the World Bank, Britain and the United Nations. One goal for the company, according to Reuters, is to boost the role of women in the formal economy.

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NCR’s Cardtronics Bid – And The Rise Of Self-Service Banking At The ATM 

PYMNTS

To that end, and as reported, NCR is looking to buy Cardtronics , in a deal that takes place amid recent news that Apollo Global and Hudson Executive Capital, private equity firms, were also gunning for Cardtronics. Let the games, as they say, begin – as a bidding war seems to be in the works, with an eye on self-service banking.

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Bitcoin Daily: Turkey To Test Digital Currency In 2021; Japan Prepares To Issue CBDC; Bitcoin Crests $28,000

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Japan might look into launching its own central bank digital currency (CBDC) in both the public and private sectors, according to a report from Japan Times. While there are no immediate plans, the Bank of Japan (BOJ) will launch a feasibility study on the idea next spring. The exchange will close trading services on Jan.

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MiB: Women in Finance

Barry Ritholtz

economist at Morgan Stanley August 19, 2017 Dana Telsey of TAG Retail Group January 7, 2017 Bethany McLean on Enron and Wall Street’s PR Machine March 22, 2016 J.P. economist at Morgan Stanley August 19, 2017 Dana Telsey of TAG Retail Group January 7, 2017 Bethany McLean on Enron and Wall Street’s PR Machine March 22, 2016 J.P.

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Deep Dive: Accelerating Cross-Border Payments With Cloud Technology

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These challenges are only exacerbated when payments move across international borders, usually accomplished via correspondence banking. Banks are typically required to establish direct links with financial institutions (FIs) in other nations to make or receive cross-border payments.

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Deep Dive: Why The Pandemic Is Pushing MENA Regulators To Upgrade Open Banking, Privacy Laws

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MENA nations’ original rules involved data privacy, but they were focused on developing the open banking ecosystem and allowing information to move freely. The following Deep Dive analyzes how the pandemic has affected open banking and privacy regulations — especially in the MENA region — and implicated future regulations.

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