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Banks Signed a 'Net Zero' Pledge, Then Shoveled Cash at Fossil Fuels

Gizmodo

The world’s most powerful banks have funded fossil fuel projects to the tune of $4.6 banks—JPMorgan Chase, Citi, Wells Fargo, and Bank of America—all of which have signed… Read more. trillion in the six years since the Paris Agreement, a new report from a group of NGOs finds. A quarter of that funding comes from just four U.S.

Banking 110
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Can cyber-crime result in global financial systemic risk?

Trends in the Living Networks

On Saturday I was interviewed on SBS World News about the ATM heist that netted $45 million from 40,000 withdrawals over 26 countries. It was an extremely sophisticated attack, involving not just hacking credit card payment processors and banks, but also eliminating the limits on prepaid debit cards before creating thousands of copies.

Financial 158
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Will financial advice be delivered primarily through Netflix-like subscription platforms?

Trends in the Living Networks

However from the advent of digital platforms, many private banks and wealth managers were surprised by the speed at which their High Net Worth clients chose to migrate to digital interfaces.

Financial 136
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GI Partners Buys LA Telecom Hub One Wilshire » Data Center.

Data Center Knowledge

One Wilshire is a key meeting place for the world’s communication networks, serving as one of the busiest intersections in global Internet and telecom traffic. “One Wilshire is one of the preeminent West Coast network facilities,” said Michael Wong, Vice President of GI Partners. | High Net World HNW Magazine.

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CIO Fletcher Previn on designing the future of work

CIO Business Intelligence

Then, we quickly shifted our attention to the next phase, which was solving the security challenge of employees working in homes with smart thermostats, online classes, and video games all potentially on the same network. I think about this in the context of a ‘relationship bank.’

Network 140
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Ally Financial finds gen AI success with 3 guiding principles

CIO Business Intelligence

Bank holding company Ally Financial is determined to stay at the cutting edge of technology in the financial industry. But Ally is part of a highly regulated industry, which has seen many banks and financial institutions delayed by regulations. Casting a wider net The bank is working on a number of additional gen AI uses cases.

Financial 121
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Major de-booking proves that suppliers are in the driver’s seat: Analyst

CIO Business Intelligence

billion, we had an order de-book in Q4, leaving our net orders for the quarter at approximated $500 million. It also proved, he said, that cash is king.There is an old saying if you owe the bank $10,000, then youve got a problem. Subsequent to the end of the quarter, we have received orders that bring our current backlog to over $3.5

Banking 95