This week, we consider the impact of financial infrastructure collapse and who really gets hurt through the lens of Wirecard, Enron, and Lehman Brothers. Yes, there are investors in the entity that will lose value. But there are also clients and counterparties of Wirecard, like Curve, Revolut, and Crypto.com. In the case of Lehman, there was a $40 trillion derivatives notional amount that took twenty years to wind down. We also consider the most recent $500,000 hacking in DeFi of an automated market maker to see if there are common threads to be drawn between the two worlds.
Samsung’s new Galaxy S9 is marketed as having a better camera and can take clear pictures in low light; the technology could solve one of the bigger facial recognition issues which is poor quality pictures in low lighting; thus far banks have been slow to adopt the new technology as they have yet to be comfortable wit the way it currently works; with Samsung and Apple continuing to improve their cameras and a younger generation of customers increasing, facial recognition will soon be an important piece for all banks. Source.
In Austin last week American Banker hosted their annual Digital Banking Conference where banks of all sizes gathered to discuss...
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