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Category Archives: Financial System

What Will You Need to Retire with Safety and Security?

“People are living longer. This makes retirement expensive and planning for it agonizingly complex. To make matters worse, stock markets are volatile. That adds to the risk that asset portfolios may decline in value just when retirees need money the most. Retirees may also face sudden financial shocks because of illness or other unexpected expenses. How can these risks be managed over a period of 25 to 30 years?

Preparing for a safe and secure retirement requires an integrated approach, notes Wade Pfau, author of Safety-First Retirement Planning: An Integrated Approach for a Worry-Free Retirement. In a conversation with [email protected], Pfau discusses strategies retirees can use to minimize anxiety in their golden years…”

Predictions for how blockchain will impact our lives in the next 5 years

ComputerWorld – “As blockchain gains credibility in the marketplace, it’s being piloted for uses never before considered. But the nascent technology will need to mature, both technically and as a part of a more complete ecosystem, before seeing widespread adoption…” – Looking ahead: Defeating fake news Blockchain for digital securities exchanges China likely to take… Continue Reading

Gartner Top Strategic Predictions for 2020 and Beyond

Gartner: “Technologies from AI to cryptocurrency and online shopping are changing how we live and what it means to be human. CIOs and IT leaders must help their organizations adapt in this changing world. In Japan, one restaurant is exploring artificial intelligence (AI) robotics technology to enable paralyzed employees to remotely pilot robotic waiters. JPMorgan… Continue Reading

How do I protect my online privacy from ‘surveillance capitalism’?

The Guardian UK – “…On [December 2, 2019], the Electronic Frontier Foundation published a 17,000-word report on this topic. Behind the One-Way Mirror: A Deep Dive Into the Technology of Corporate Surveillance, by Bennett Cyphers and Gennie Gebhart, covers both online privacy problems and the growth of real-word surveillance. BOWM, for short, explains how personal… Continue Reading

Technology & the Law of Corporate Responsibility – The Impact of Blockchain

In Custodia Legis – guest post by Elizabeth Boomer, a legal research analyst in the Global Legal Research Directorate.”Blockchain, a technology regularly associated with digital currency, is increasingly being utilized as a corporate social responsibility tool in major international corporations. This intersection of law, technology, and corporate responsibility was addressed earlier this month at the World Bank Law, Justice, and… Continue Reading

What jobs are affected by AI?

Brookings – “…White-collar jobs (better-paid professionals with bachelor’s degrees) along with production workers may be most susceptible to AI’s spread into the economy. AI could affect work in virtually every occupational group. However, whereas research on automation’s robotics and software continues to show that less-educated, lower-wage workers may be most exposed to displacement, the present… Continue Reading

Trump ‘Absolutely Immune’ From NY Tax Subpoena, Justices Told

Law360 – “President Donald Trump asked the U.S. Supreme Court on Thursday to find that he has “absolute immunity” from criminal investigations while president and to block the Manhattan district attorney’s subpoena of tax and financial records from his accounting firm.  The Second Circuit found President Donald Trump’s presidential immunity from state criminal process doesn’t extend… Continue Reading

Over half of Fortune 500 exposed to remote access hacking

Axios – “Over a two-week period, the computer networks at more than half of the Fortune 500 left a remote access protocol dangerously exposed to the internet, something many experts warn should never happen, according to new research by the security firm Expanse and 451 research…According to Coveware, more than 60% of ransomware is installed… Continue Reading

Artificial Intelligence, Finance, and the Law

Lin, Tom C. W., Artificial Intelligence, Finance, and the Law (November 4, 2019). 88 Fordham Law Review 531 (2019); Temple University Legal Studies Research Paper No. 2019-31. Available at SSRN: https://ssrn.com/abstract=3480607 “Artificial intelligence is an existential component of modern finance. The progress and promise realized and presented by artificial intelligence in finance has been thus… Continue Reading

Next in Google’s quest for consumer dominance – banking

WSJ via FoxNews: “Google will soon offer checking accounts to consumers, becoming the latest Silicon Valley heavyweight to push into finance. The project, code-named Cache, is expected to launch next year with accounts run by Citigroup Inc. and a credit union at Stanford University, a tiny lender in Google’s backyard. Big tech companies see financial services as a… Continue Reading