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Sep 30, 2024 | 
pwmnet.com | Elisa Trovato |Ali Al-Enazi |Sergei Grechkin
The family office ecosystem is fast becoming a major financial powerhouse, with significant implications for the global economy and society. Increased wealth concentration, successful transfers of generational wealth and ‘liquidity events’ spurred by sale of family-owned businesses have driven a massive surge in popularity of family offices (FOs) in recent years. These forces are expected to continue significantly impacting the sector’s expansion.
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Sep 24, 2024 | 
pwmnet.com | Ali Al-Enazi |Sergei Grechkin |Tom McCullough |Ali Alenazi
Research from Citi Private Bank shows family offices are starting to behave more like institutional investors, putting cash to work within a dedicated portfolio strategy. Family offices are becoming increasingly professionalised and global. And according to research from Citi Private Bank, it is the path of interest rates and organisation of effective succession planning that top their table of key concerns.
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Sep 12, 2024 | 
pwmnet.com | Ali Al-Enazi |Sergei Grechkin |Tom McCullough |Alison Ebbage
Family offices seek portfolio diversification to manage risks, despite increased equity holdings. As wealthy families are increasingly concerned about geopolitics, inflation and potential recession, portfolio diversification is becoming essential. However, equities are still a key holding, with the tech giants dominating portfolios.
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Sep 9, 2024 | 
pwmnet.com | Sergei Grechkin |Tom McCullough |Alison Ebbage |Julie Howard
Most family offices are not yet implementing effective risk management strategies, but the next generation is likely to have a different approach. In the evolving landscape of 2024, family offices (FOs), which manage the wealth of ultra-high net worth families, are increasingly focused on risk management to preserve generational wealth. Yet, there is a significant gap between interest and actual implementation.
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Jul 5, 2024 | 
tradersmagazine.com | Cayros Capital |Sergei Grechkin
By Sergei Grechkin, Chief Risk Officer, Cayros CapitalIn my career, I have navigated the intricate world of mergers and acquisitions (M&A) and financial modeling. As part of my responsibilities, I constructed financial models for a bank group, which was the first time I encountered the methodology of Funds Transfer Pricing (FTP). This sophisticated tool has proven indispensable for banks, yet it remains underutilized by asset management companies in the EU, USA, and UK.
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Jun 12, 2024 | 
finextra.com | Ugne Buraciene |Adhikar Babu |Nicole Pienkos |Sergei Grechkin
In 2021, a wave of deepfake videos started to emerge across the internet and social media. From humorous TikTok videos of
Tom Cruise, to unsettling speeches from
Morgan Freeman explaining synthetic reality, AI-driven deepfakes started to capture the attention of many internet users.
Over the past year, as AI has bled into the mainstream, technology that was once reserved for the experts has fallen into the hands of the everyday internet user.
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Jun 12, 2024 | 
finextra.com | Nicole Pienkos |Sergei Grechkin |Matt Ryan |Adhikar Babu
As the lights dimmed on Money20/20 Europe, we witnessed another successful event filled with fruitful conversations and unique insights from industry leaders. The show concluded with a notable takeaway: instant payments are seen as the biggest opportunity
for growth.
This is based on a survey conducted by payabl.
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Jun 11, 2024 | 
finextra.com | Nicole Pienkos |Sergei Grechkin |Matt Ryan |Jeffrey Brown
The use of AI in banking fraud detection is becoming more and more popular. Indeed, the statistics surrounding online fraud are alarming. Cybercrime imposes a significant cost on the global economy and reaches
$600 billion annually, equivalent to 0.8% of the worldwide GDP.
Besides,
fraud attempts surged by 149% in the first quarter of 2021 compared to the previous year, likely fueled by the rise in online transactions following the COVID-19 pandemic.
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Jun 6, 2024 | 
finextra.com | Sergei Grechkin |Matt Ryan |Jeffrey Brown |Boris Bialek
“AI banking, or Artificial Intelligence in banking, refers to the application of various AI technologies such as machine learning, natural language processing, and robotic process automation within the banking and financial services industry.
These technologies enable banks and financial institutions to automate processes, enhance customer service, detect fraud, manage risk, and personalize financial products and services.
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May 30, 2024 | 
wealthbriefing.com | Sergei Grechkin
The author of this article bangs the drum for Dubai and the United Arab Emirates as jurisdictions making headway in the business of becoming strong wealth management centres and hubs for family offices.
