In my ALM work, I often describe gap analysis as equal parts art and science. The science is in the data, the cash flow buckets, and the duration calculations. The art is in understanding how real customers behave when the world changes around them. Stablecoins and tokenized deposits are two of those changes that are quietly rewriting the rules of balance sheet management. As we work through the actual mechanics, a complex set of trade-offs emerges. For corporate treasurers,

Welcome to the April 2026  edition of our global AI update. This month, the AI landscape didn’t just evolve, it scaled at an unprecedented pace. From record-breaking funding rounds to deeper enterprise integrations and national-level infrastructure bets, the focus is clearly shifting toward building long-term AI ecosystems. What stands out is how quickly AI is becoming foundational, not just a tool, but core infrastructure for business, creativity, and even public policy. Big

W elcome to the March 2026 edition of our global AI update.  The period from late February into mid-March saw AI moving from theory into practice. New model releases grabbed headlines (see OpenAI’s GPT-5.4 below), but the bigger story was how AI is being embedded into real-world systems and infrastructure. Tech leaders announced large-scale compute projects, cloud partnerships and enterprise rollouts, while regulators clarified rules for transparency and sovereignty.  In shor

T he world is entering what many scholars and policymakers describe as the Fourth Industrial Revolution, an era in which artificial intelligence, advanced computing, robotics, and digital platforms will fundamentally reshape economies, societies, and geopolitics. Nations that build the infrastructure and capabilities for artificial intelligence will dominate the industries of the future. Those that fail to do so risk becoming passive consumers of technologies designed and con

Table of Content Executive Summary Problem Description and Justification 1.1 The Business Problem: Predicting Mortgage Prepayment Probability 1.2 Data Strategy 1.3 Limitations of Traditional Linear Models 1.4 Justification for Deep Learning Architecture Architectural Design using Dense Neural Networks 2.1 Conceptual Design: Multi-Layer Perceptron (MLP) 2.2 Activation Functions Optimization and Training Strategy 3.1 Gradient Descent and Back-Propagation 3.2 Fast Convergence: T

Welcome to the January 2026 edition of our Regulatory Newsletter. The year has opened with regulators moving quickly on familiar pressure points, particularly financial crime, operational resilience, and technology governance. This month’s updates include the UK Prudential Regulation Authority  setting out its 2026 supervisory priorities for international banks, alongside U.S. action to strengthen AML tools to prevent large-scale fraud in public benefit programs and the F CA’

G lobal Capability Centers (GCCs) in India have powered banking for the last 2 decades by delivering cost efficiency at scale through its deep, high-quality talent pools that offered abundant, technically strong and English-proficient talent across IT and operations. In India alone, there are currently c1,800 GCCs supported by about 1.9 million professionals with a cost base of $64.6b according to Nasscom, with that number expected to touch 2,000 GCCs with 2.8m professionals

Introduction Securitizations help European banks lend more. They allow banks to move the credit risks of loans off their balance sheets and use the freed-up capital to support new lending. But since the Global Financial Crisis (“GFC”), securitization volumes in Europe have dropped significantly, while in contrast, the U.S. market has grown, even though U.S. defaults peaked during the GFC. To address this, the EU Commission is reviewing how securitization works in the EU. This

Jet lag returning from Malaysia this week means that my usual “it’s 6:30am on a Saturday morning” is more like “I fell asleep at 3pm”… but the outcome is the same. In toying with using AI for scenario planning over the last few weeks it struck me that the two-day scenario workshop we ran earlier in the year could now be emulated in a couple of hours. The TL;DR -  Traditional scenario planning takes months of planning and costs upwards of $100,000 for a board level simulation.

WHITEPAPER Today banks are operating under heightened uncertainty. Since early 2025, global markets have experienced considerable volatility, driven by unpredictable policy directions and rapidly shifting economic indicators. This has been reflected in pronounced movements across equity markets and widening spreads in both short and long-term interest rates. One notable development has been the sharp increase in 10-year US Treasury yields following major policy announcements.

AI, People, and the Path Forward The consulting industry, worth over $300 billion globally, stands at a critical inflection point. Two converging crises (one technological, one human) are simultaneously threatening the survival of traditional consulting models. While much attention has focused on AI's disruptive potential, a deeper, more insidious problem has been festering: consulting firms are systematically damaging their most valuable asset, their people. Part I: The AI T

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Welcome to the June 2025 edition of our regulatory newsletter, where we bring you key updates shaping the global landscape of AI...

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W elcome to the May 2025 edition of our regulatory newsletter, highlighting the most significant developments in financial regulation...

Fractal , a Mumbai-based AI company, has launched Fathom-R1-14B , an open-source large language model with 14 billion parameters. This...