The Lehman Bankruptcy and the Birth of Modern FinTech.
The collapse of Lehman Brothers in 2008, marked by its filing for bankruptcy with $639 billion in assets against $619 billion in debt, was not just a financial catastrophe but also a catalyst for revolutionizing financial technology (FinTech). Steve O’Hanlon, observing the shockwaves from Lehman’s downfall, saw an urgent need to overhaul risk management practices. His foresight led to transformative developments at Numerix, where he initiated the development of cutting-edge risk analytics tools.
A Cautionary Tale of IMF Loans: Economic Entrapment and Sustainable Growth.
The allure of quick financial assistance often blinds developing nations to the potential pitfalls of external debt. This is particularly true when dealing with the International Monetary Fund (IMF), an […]
EMPOWERING SEAMLESS TRANSACTIONS THROUGH PAYMENT PROCESSING
EMPOWERING SEAMLESS TRANSACTIONS THROUGH PAYMENT PROCESSING And Why Your Business Needs An Effective SMS Communication Channel More Than Ever In today’s fast-paced digital era, the need for seamless and efficient […]
Data Analytics in Africa: AI, ML, Cloud, and the Growing Need for Data Experts.
Data analytics is becoming increasingly important in today’s world. We are generating more data than ever, and cloud technology and new design patterns make storing and analyzing this data easier. […]
Black Tax Relief in Income Tax: A Necessary Step to Address Financial Hardship
A recent article in the Business Daily highlighted the plight of retired grannies who spend most of their pension on grandchildren. The reason is that the parents of those children […]
HOW TO PREPARE FOR THE WORSENING ECONOMIC TIMES.
In these challenging financial periods, individuals often find themselves reflecting on prior financial errors. It’s common to dwell on the careless expenditure of the past, under the illusion that prosperity […]