The Risk Experience Podcast

In this episode, we discuss the progress made in introducing a single currency for the west African sub-region, a responsibility assigned to The West African Monetary Institute (WAMI). The introduction of a common West African currency, the Eco, has been in the works for almost two decades now, following the establishment of The West African Monetary Institute in 2001. WAMI was set up under the West African Monetary Zone arrangement with a mandate to undertake all preparatory works that would lead to the establishment of a common West African Central Bank and the introduction of a single currency.

Listen as I talk to the Director General of The West African Monetary Institute, Dr Ngozi Egbuna, on the progress of this monetary integration.

With the advent of Algorithmic Trading or what is commonly called “Algo Trading”, traders have enjoyed seamless operations with increased returns. Although a much-cherished tool, Algo trading has generated varied sentiments among different groups, particularly when it comes to its impact on employment in the face of growing automation.

In this episode of The Risk Experience Podcast, we discuss algo trading, some of its pros and cons, as well as its role in risk management.

Joining me for this discussion is Laurent Bernut, Founder & CEO of Alpha Secure Capital. Laurent has developed risk management systems for portfolios and developed algorithmic trading strategies that perform on multiple platforms. He has also worked in the alternative investment space at Fidelity Investments, Rockampton, and Ward Ferry, for 14 years.

On-going developments with the coronavirus pandemic have brought to the fore the need for efficient enterprise risk management frameworks. There is need for ERM frameworks that remain robust in crisis periods and continue to create and protect value in organizations.

In this episode, we discuss the role of ISO 31000 in designing efficient risk management frameworks across all industries.

My guest is Allen Gluck who will be providing more insight on the subject. Allen is a Member of the US Technical Advisory Groups to ISO Technical Committee 262, the group responsible for developing ISO 31000 and ISO Technical Committee 176 responsible for developing ISO 9001. He is also an Adjunct Professor at Manhattanville School of Business and President of ERM 31000 Training and Consultancy.

Allen can be reached via the following links.

https://www.erm31000.com/

https://www.linkedin.com/in/allengluck/

In recent times, firms of all sizes have had access to large collections of customer data. This is obviously a treasure trove for driving business intelligence, if managed well. Unfortunately, these big data are complex to manage, organize, and even make deductions from. The firm that overcomes these challenges is able to outperform its competition and improve its growth.

In this episode, we discuss the task of ‘Architecting Enterprise (Risk) Intelligence’ to extract insights from data.

Joining me for this discussion is Dr. Pradyumna Upadrashta, Chief Data Science Officer at Mastech InfoTrellis.

For more information on the work of Mastech InfoTrellis, visit https://mastechinfotrellis.com/ or reach out to Dr. Prad via https://www.linkedin.com/in/pradsu/.

Over the years, we’ve seen banks and other financial institutions diligently protect their customers’ financial information. However, recent developments in open banking have raised data security concerns. The sharing of customers’ financial information with third party services providing APIs that make open banking possible is the source of these security concerns.

In this episode, we discuss the role one institution, in particular, is playing to protect customers’ data within the financial services industry.

Listen as I talk to Don Cardinal, Managing Director of Financial Data Exchange on "Open Banking & Financial Data Security."

To learn more about the work of Financial Data Exchange, visit https://financialdataexchange.org/ .

In this episode, we discuss open banking and APIs. The concept of open banking has been around since 2013 when the European Commission proposed an amendment to the payment services directive of 2007, in what has become known as payment services directive 2, or PSD2. Among the directives contained in PSD2 was the opening of bank data to third parties. This was aimed at creating a more integrated European payments market. In fact, on October 8, 2015 when PSD2 was officially adopted by the European Parliament, Commissioner Jonathan Hill, responsible for Financial Stability, stated that

 

"This legislation is a step towards a digital single market; it will benefit consumers and businesses, and help the economy grow."

 

In the same forum, Commissioner Margrethe Vestager noted that

 

“The new Directive will greatly benefit European consumers by making it easier to shop online and enabling new services to enter the market to manage their bank accounts, for example to keep track of their spending on different accounts."

 

So, we want to delve into the details of open banking and the role of APIs in its development.

 

Joining me for this discussion is Matt McLarty. Matt is a Software Architect and a Global Leader of API Strategy at MuleSoft, a Salesforce Company.

 

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To learn more about Matt, check out his LinkedIn page https://www.linkedin.com/in/mattmclartybc/.

In the last few episodes of The Risk Experience Podcast, we discussed the impact of artificial intelligence and disruptive technologies on post-COVID-19 world economy. This episode features one of the leading AI services companies driving this change and ushering us into a new world of possibilities using AI.

Listen as I discuss with Russ Rands, co-founder of Prolego, to understand how they are helping their clients solve real world problems. Prolego is an AI services provider of choice among Fortune 500 companies. We delve into their business model, strategies, the adoption rate of AI among Fortune 500 companies, and many other interesting topics.

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In the previous episode of the podcast, we discuss the impact of artificial intelligence and disruptive technologies on post-COVID-19 world economy, focusing mainly on the labor market and industry. Artificial intelligence and disruptive technologies have a transformative impact on the labor market, business, international trade and trade negotiations, banking and payment systems, and overall GDP growth. The growth of Artificial Intelligence (AI) and the development of disruptive technologies continue unabated.

Economic conditions that support the fourth industrial revolution stand to change significantly in post-COVID-19 global economy. And the role of AI and disruptive technologies may change as well.

In this episode of The Risk Experience Podcast, we discuss the impact of artificial intelligence and disruptive technologies on international trade and the global economy in the aftermath of the coronavirus pandemic.

Joining me for this discussion is Dr. Badri Narayanan Gopalakrishnan.

The World Economic Forum (WEF) classifies disruptive technologies as one of three components of the 4th industrial revolution, the other two being innovation and the rise of social media. All these three derive their roots from artificial intelligence. And this puts AI at the core of the 4th industrial revolution. It has a transformative impact on the labor market, business, international trade and trade negotiations, banking and payment systems, and overall GDP growth. The growth of Artificial Intelligence (AI) and the development of disruptive technologies continue unabated.

Economic conditions that support the fourth industrial revolution stand to change significantly in post-COVID-19 world economy. And the role of AI and disruptive technologies may change as well.

In this episode of The Risk Experience Podcast, we discuss the impact of disruptive technologies on the global economy in the aftermath of the coronavirus pandemic, focusing mainly on the labor market and industry. This will constitute part one of this discussion. In part two, we shall turn our attention to the impact of disruptive technologies on international trade and the global economy, post-COVID-19.

Joining me for this discussion is Dr. Badri Narayanan Gopalakrishnan.

The year 2020 has been particularly difficult for the world, with the outbreak of CORONAVIRUS. Around the world, several policies have been implemented to combat the spread of the virus, most notably lockdowns or what has become known as The Great Lockdown. Countries have been placed on lockdown, either partially (in the case of United States and United Kingdom) or fully (in the case of Italy and India). We are beginning to see gains in the fight against the spread of the coronavirus. And some countries (such as China) are even beginning to open their economies once again. Now, even as we appear to be doing well on the medical front, there are unintended consequences from the lockdown impacting the global economy. Economic activities have come to a near halt since the lockdown, and some small businesses have even collapsed.

In this episode on The Risk Experience Podcast, we discuss the economic impact of the coronavirus pandemic. Joining me to do that is a distinguished professor of Economics from the Carnegie Mellon University, CMU, Professor Sevin Yeltekin.