Tech Review | Priyanka Chopra: Technology Gives Us Freedom (video)

Tech Review (TR 2018-11-17)--Domain Mondo's weekly review of tech investing news with commentary, analysis and opinion: Features • 1) Priyanka Chopra: Technology Gives Us Freedom, 2) Fintech: The Business Case For Financial Inclusion, 3) Investing: The Week, Investing Notes, 4) ICYMI Tech News: Facebook, Nvidia, IBM, SAP, Alibaba, FCC, SpaceX, Cloudflare.

1) Priyanka Chopra: Technology Gives Us Freedom

Priyanka Chopra may be known for acting, but now she's investing in tech companies. In an interview with CNN, Chopra tells Laurie Segall why she's investing in Bumble (bumble.com). CNN.com businesss video above published Nov 5, 2018.

2) Fintech: The Business Case For Financial Inclusion

1.7 billion adults across the globe do not have a bank account. The data revolution and innovations in digital finance have the potential to provide access to financial services for everyone and offer huge growth opportunities.Video above published Nov 2, 2018, by FT.com.

3) Investing

The Week: NASDAQ Composite -2.15% | S&P 500 Index -1.61% | DJIA -2.22%

S&P chart pattern points to breakout ahead, technician says--cnbc.com

Wall Street's Charging Bull

Investing Notes:

Why Tech Investors Love the SaaS Model
(See full infographic: https://t.co/DMBqUs5AQ6) pic.twitter.com/J0qXnqF5ie

— Visual Capitalist (@VisualCap) November 16, 2018

iShares Automation & Robot ETF is now listed on the Tokyo Stock Exchange. This #ETF tracks our iSTOXX FactSet Automation & Robotics index, which is composed of companies related to automation and robotics around the globe. https://t.co/2EqrzzWOPG #investing

— FactSet (@FactSet) November 15, 2018

4) ICYMI Tech News:

$FB

• Meltdown at Facebook $FB? More than 50 interviews conducted by the New York Times reveal Facebook's failures in dealing with multiple crises, which Zuckerberg and Sandberg initially tried to obscure. "Delay, Deny and Deflect: How Facebook’s Leaders Fought Through Crisis"--NYTimes.com. Facebook's Sheryl Sandberg replied. See also Facebook Board and this on "Facebook Fights Dirty."

• Nvidia $NVDA: Supply glut mars Turing effect for Nvidia shares--reuters.com.

• IBM $IBM: Why There Will Never Be Another Red Hat: The Economics of Open Source--a16z.com.

• SAP $SAP acquiring Qualtrics (qualtrics.com) for $8B before IPO--bizjournals.com. Did SAP pay too much? SAP says no.

• Alibaba $BABA sets new Singles’ Day record with $31B in sales, but growth is slowing--techcrunch.com.

• FCC approves expansion of satellite-based internet services: Telesat, Kepler Communications Inc and LeoSat MA, Inc. approved for high-speed internet service and connectivity for sensors and other intelligence devices a/k/a IoT (Internet of Things). SpaceX approved for access to additional frequency and to operate some satellites at low-Earth altitudes--FCC Boosts Satellite Broadband Connectivity And Competition In The United States | fcc.gov (pdf). 

• Personal tech: Cloudflare's 1.1.1.1 DNS resolver app--cloudflare.com.

-- John Poole, Editor, Domain Mondo  

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Interview with Fintech Startup WiseAlpha CEO Rezaah Ahmad (video)

Tech Talk: interview with Rezaah Ahmad, WiseAlpha

Rezaah Ahmad, CEO, WiseAlpha, a fixed income platform giving everyday investors and savers access to corporate bonds, talks about disrupting the lending market and why the corporate debt market is ripe for digital innovation. TheBanker.com video above published Oct 8, 2018.

Domain: WiseAlpha.com

Categories: Credit, Financial Services, FinTech
Headquarters: London, England, UK
Founded: Mar 1, 2014
Founder: Rezaah Ahmad
Last Funding Type: Equity Crowdfunding

WiseAlpha is an online investment platform offering its members access via Notes to senior secured loan investments. replacing the substantial costs and complexity of investing in specialist credit funds with a simpler and more cost effective way to invest. Until now, the corporate loan market has remained largely untransformed by technological innovation but WiseAlpha is now making this asset class accessible to a wider investment audience. In order to gain access to this asset class, individual investors usually had to use brokers and/or invest in specialist debt funds which often charged substantial upfront fees and ongoing management and performance fees.

Tweets by WiseAlphaTeam

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Federal Reserve Chair Jerome Powell Testifies Before Congress Tuesday

Federal Reserve Chairman Jerome Powell will testify before the House Financial Services Committee on Tuesday, February 27 at 10:00 a.m. ET to deliver the Federal Reserve’s semi-annual Monetary Policy Report to Congress and to discuss the state of the economy.

"Monetary Policy and the State of the Economy"

Hearing entitled “Monetary Policy and the State of the Economy” | House Committee on Financial Services: Tuesday, February 27, 2018 10:00 am ET in 2128 Rayburn HOB (Full Committee)--Witness List: The Honorable Jerome H. Powell, Chairman, Board of Governors of the Federal Reserve System.

Committee Memorandum (pdf) embed below:

Next week, Chairman Powell presents the Monetary Policy Report to Congress, read the report in advance: https://t.co/bYN2p3JtNZ

— Federal Reserve (@federalreserve) February 23, 2018

Report embed below:

On Thursday March 1, 2018, 10:00 a.m. ET Fed Chair Powell testifies before Senate Banking Committee--The Semiannual Monetary Policy Report to the Congress - Hearings - U.S. Senate Committee on Banking, Housing, and Urban Affairs: "March 1, 2018 10:00 AM 538 Dirksen Senate Office Building,  hearing on “The Semiannual Monetary Policy Report to the Congress.” The witness will be: The Honorable Jerome H. Powell, Chairman, Board of Governors of the Federal Reserve System."

.@FederalReserve Chairman Powell testifies before our committee tomorrow for the first time. He’ll update us on monetary policy and the state of the #economy. Tune in: https://t.co/HAoSusodnH @ 10am ET. pic.twitter.com/QUcqplMX23

— Financial Services (@FinancialCmte) February 26, 2018

“This man will be a steady hand." https://t.co/Lc19jodHr0

— TheStreet (@TheStreet) February 26, 2018

How will the Fed’s Jerome Powell characterizes the implications of current market conditionss for Fed policy, and more to watch when the new chairman faces lawmakers this week https://t.co/FR65dcwRkP

— The Wall Street Journal (@WSJ) February 26, 2018

Jerome Powell may be willing to accept inflation rising as high as 2.5% as they seek to extend the almost 9-year economic expansion https://t.co/mILxQ4zF8I pic.twitter.com/HINXKmtU2r

— Bloomberg (@business) February 26, 2018

See also:

• Fed chair Jerome Powell | Google.com

• Markets watching Fed chair Powell as he testifies in Congress | cnbc.com: "Fed chair Jerome Powell makes his first major appearance Tuesday and Thursday, when he testifies on the economy before congressional committees."

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Brexit, City of London, and the Euro Trade (video)

London and the Euro Trade

Video above published May 16, 2017: London's euro clearing dominance has been in the spotlight since the Brexit vote, as Europe would like this returned. The FT.com's Philip Stafford and Daniel Hodson, chairman of FSNForum (domain: fsnf.uk) and Board Member of Vote Leave, discuss the merits of such a move. Slides below:

See  also: New City of London group to help government with Brexit talks | Reuters.com
Financial Services Negotiation Forum (FSNForum)
Tweets by FSNForum
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Banks, Technology, Financial Services, Fintech & Digital (video)

Digital IQ Index® - Financial Services:

Since the introduction of the ATM in 1969, banks have leveraged technology to reduce cost and the friction between financial services and the end consumer.

In 2015, “FinTech” startups took in $19 billion in investment capital, extending the scope of the sector beyond payment platforms to include new lending tools, personalized investment services, and wealth management solutions.

Jaded by the financial crisis, 51 percent of millennials demonstrate a willingness to experiment with non-traditional providers, underscoring a potential threat to the status quo.

Traditional Financial Service providers are following suit with their own investments in the FinTech arena, but have been slow out of the gate.

Only half of Index brands support “Get a Quote” or “Find an Advisor” tools, putting the onus on prospective consumers to initiate next steps.

And while almost all Index brands engage customers on LinkedIn, 16 percent of brands do not maintain an active presence on Facebook.

Bank of America sets the gold standard in L2's inaugural Digital IQ Index®: Financial Services. The “genius” brand proves unique in leveraging SEO and SEM investments to ensure elevated visibility across top-of-the-funnel keywords, and investments ahead of the curve to provide a best-in-class experience on a smaller screen.

In addition, Bank of America integrates past campaigns—including "Better Money Habits" and "Business of Life"—into emerging platforms ignored by most peers, engaging Millennials where they live.

This study attempts to quantify the digital competence of 70 financial service brands operating in the US market. Members can download the full report at L2inc.com. Download the report here. Video above published Nov 17, 2016, by L2inc.com.


Source of infographic: Statista - overview of the current state of the global fintech market (Jan. 7, 2016).

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UK Prime Minister Theresa May: Brexit & Change Are Coming (videos)

Theresa May: Speech to Conservative Party Conference 2016:

Navigating change in a turbulent world--UK Prime Minister Theresa May: Brexit & Change Are Coming--video published Oct 5, 2016.  The UK PM's closing speech at the Conservative party conference which included a strategic move to lure the working classes and make Britain a "fairer Britain." Speech Transcript (pdf).

Building a country that works for everyone:

Video above published Oct 5, 2016, by the Conservative Party (UK)--Domain: conservatives.com; Twitter handle: @Conservatives.

Tory civil war off the agenda:

A few months ago some were predicting the Conservative party would be thrown into civil war by the Brexit vote. Perhaps it would even have to split. The FT.com's Henry Mance reports from the Tory party conference about why that has not happened. Video published Oct 5, 2016.

City (London's financial centre) calls for clarity on Brexit:

Barclays’ John McFarlane, David Sproul of Deloitte and Ratesetter’s Rhydian Lewis express concern over future access to the EU's single market and skilled labor. Video published Oct 3, 2016. 


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Holding Wall Street Accountable, Investigating Wells Fargo Bank (video)

Wells Fargo CEO to Forfeit $41 Million:

U.S. House Committee on Financial Services Hearing: “Holding Wall Street Accountable: Investigating Wells Fargo’s Opening of Unauthorized Customer Accounts”

Thursday, September 29, 2016 (10:00 AM) - U.S. House of Representatives, Committee on Financial Services Hearing: “Holding Wall Street Accountable: Investigating Wells Fargo’s Opening of Unauthorized Customer Accounts.” The hearing video above starts @18:12. Chair of the Committee is Jeb Hensarling (R-TX). The Committee's Ranking Member is Maxine Waters (D-CA). Other members of the committee are listed here.

Prepared Testimony (pdf) of the witness: John Stumpf, Chairman and Chief Executive Officer of Wells Fargo & Company

Note to ICANN stakeholders and ICANN directors: the above video is a good example of what real oversight of, and holding accountable a corporation and its management, actually looks like. Also note the references to "denial" in a dysfunctional organization culture, and using 'forced' arbitration clauses to make redress almost impossible, and other themes equally applicable to ICANN.

Wells Fargo & Company:

• Stock exchange: Symbol  |  NYSE: WFC
• Domain:  WellsFargo.com
• Area served: Worldwide
• Global Headquarters: San Francisco, California, United States
• Slogan:  Together we'll go far
• Industry:  Banking, Financial services
• Number of employees: 265,200 (2015) [source]
• Founders: Henry Wells & William Fargo, March 18, 1852
• Predecessors include: Crocker National Bank; First Interstate Bancorp; Bank of North America; First Security Corporation; Norwest Corporation; Wachovia
• Divisions: Wells Fargo Rail (Domain: rail.wellsfargo.com) largest rail car and locomotive leasing company in North America with over 175,000 rail cars and 1,800 locomotives
• Largest shareholders:  Berkshire Hathaway 9.50%; Vanguard Group 5.71%; State Street 3.70%
• Additional info via Wikipedia:
  Revenue US$86.057 billion (2015)
  Operating income US$33.84 billion (2015)
  Profit US$22.894 billion (2015)
  Total assets US$1.849 trillion (2016)
  Total equity US$193.891 billion (2015)

Wells Fargo (NYSE: WFC) 3-month chart

Financial Services Committee Memorandum (pdf): "... On September 8, 2016, Wells Fargo entered into consent orders with the Office of the Comptroller of the Currency (OCC), the Consumer Financial Protection Bureau (CFPB), and the City of Los Angeles for alleged unsafe and unsound sales practices, unfair and abusive practices, and unlawful, unfair, and fraudulent sales and related business acts and practices. While neither admitting nor denying the allegations as part of the consent orders, Wells Fargo agreed to pay $190 million in collective fines and restitution. The consent orders asserted that Wells Fargo had fired 5,300 employees over a five year period for opening hundreds of thousands of deposit and credit card accounts without customers’ knowledge or consent. This was allegedly caused by the setting of aggressive sales quotas, pressure from managers to meet those quotas, and inadequate monitoring by Wells Fargo ..."


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Data Records, Hacker Threat, Safer Data Security, RRE Ventures (video)

Hacker Threat and Safer Data Security: A Timeline - Jim Robinson, RRE Ventures' managing partner, discusses protecting against cyber threats with Bloomberg's Cory Johnson and Carol Massar on "Bloomberg Advantage Primetime," October 1, 2015. Note his reference to blockchain technologies.

RRE Ventures is a New York City-based venture capital firm focused on investments across several disciplines, including software, internet, mobile, financial services, consumer and enterprise hardware, and other related technologies. Focus: Seed, Early Stage Venture, and Later Stage Venture Investments. Investment Size: 100k - 25M (sources: rre.com, wikipedia, crunchbase).

Domain name: rre.com

RRE Ventures Twitter handle: @RRE https://twitter.com/RRE

Tweets by @RRE

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