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...

Artificial Intelligence (AI) is increasingly recognized as a transformative force across global economies and social landscapes. In...

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...

As artificial intelligence continues to transform industries, economies, and global systems, it brings with it immense opportunities—and...

If you've been engaged with the technology sector recently, you've likely encountered the terms " Generative AI " and " Agentic AI ."...

Global banks are grappling with the trade-offs between  FRTB IMA  and  SA  approaches. As deadlines for the  Fundamental Review of the Trading Book (FRTB)  draw nearer across many jurisdictions, debates around using the  Internal Models Approach (IMA)  versus the  Standardised Approach (SA)  are intensifying. The decision is not straightforward. In this article, we examine the pros and cons of each approach and discuss how market participants are addressing this challenge. Ba

The Quiet Revolution in Your Digital Life Remember when AI just followed orders? Those days are quickly disappearing. Today's AI is...