SET Training - Banking and Fintech

Jamie Dimon, JP Morgan Chairman and CEO, joins Halftime Report live to discuss the market, real estate, lending and more.

Artificial intelligence is transforming the banking industry, with far-reaching implications for traditional banks and neobanks alike. This transition from classic, data-driven AI to advanced, generative AI provides increased efficiency and client engagement never seen before in the banking sector.  According to McKinsey’s 2023 banking report , generative AI could enhance productivity in the banking sector by up to 5% and reduce global expenditures by up to $300 billion. But that’s not even half of the picture. Read the full story HERE .

Most central banks are working on developing some form of sovereign digital currency. But are they paying attention to the right things? Political opposition from the likes of Donald Trump have not stemmed the flow of global projects aimed at developing CBDCs. 130 countries are exploring a CBDC, 19 of the G20 countries are now in advanced stages, and 11 countries have fully launched a digital currency. There are those who question whether we need a fiat digital currency at all and whether projects address more pressing monetary concerns. Read MORE

A New York judge ordered Donald Trump and his business to pay $355 million for misrepresenting his wealth for financial gain. Veteran New York trial and appellate lawyer Mark Zauderer explains what’s at stake for Trump’s business empire.

Tony Sio, Head of Regulatory Strategy and Innovation of Nasdaq's Anti-Financial Crime division, discusses how Nasdaq helps root out bad actors in the financial industry by providing tools like Nasdaq Market Surveillance and Nasdaq Trade Surveillance.

Adam Neumann has been trying to buy WeWork - the company he cofounded out of bankruptcy — allegedly with the help of the hedge fund manager Dan Loeb of Third Point.  Neumann’s new real estate company "Flow" has sent a letter to WeWork requesting that they consider its takeover approach. Flow has already raised $350 million from the venture capital firm Andreessen Horowitz, disclosed in the letter that Loeb’s Third Point would help finance a transaction.  The Financial Times contacted Third Point to verify their involvement in the deal and were told that the fund had only held “preliminary conversations with Flow and Adam Neumann about his ideas for WeWork.” They went on to say that they have made “no commitment to participate in any transaction.”

For the past few months the much anticipated approval of Bitcoin spot ETFs has been the major driver of sentiment in the crypto markets.  On January 11th the ETFs were indeed approved. But in the fist 2 weeks since launch the inflows have been paltry and the Bitcoin price has declined by ~15%.  So why did the ETFs fail to live up to expectations?