Paolo Sironi

SWISS FINANCE AND INDUSTRY IN CONTRASTS: WHY FINANCIAL INSTITUTIONS SHOULD EMBRACE AUTOMATION AND CHANGE MANAGEMENT 💻 The Swiss National Bank (SNB) recently reported a record profit of CHF 63 billion for the first three quarters of the year, attributed largely to gold holdings and foreign investments. This equates to around CHF 7,000 per capita, reflecting how the strong franc has been beneficial for financial institutions but challenging for traditional Swiss industries. Many companies, such as Schindler and Swiss Steel, are facing layoffs and scaling back operations to adapt to global economic headwinds. 🌐 In the context of economic turbulence, financial institutions can benefit by proactively optimizing their processes. Digital transformation and automation not only enhance efficiency but also create resilience, helping organizations manage cost structures independently from economic shifts. Process automation allows financial institutions to adapt quickly, maintain high service standards, and reduce reliance on manual back-office tasks, making them more agile in a volatile market. 📈 At CURENTIS AG we support financial institutions in executing transformative change programs that incorporate digital automation and robust change management. Together, we enable our clients to build sustainable, future-proofed processes that align with a modern economic landscape. 🔄 #ChangeManagement #DigitalTransformation #FinancialServices #Automation #CurentisAG #ProjectServices #Resilience #Switzerland

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I am delighted to see my views on the necessity of a comprehensive European banking system published in Handelsblatt today. To be sure, much has been achieved in the initial efforts to create a banking union. The Single Supervisory Mechanism (SSM) is widely seen as a success, but European authorities must now undergo a fundamental shift in mindset, moving away from prioritizing stability at any cost and instead also consider the importance of growth and competitiveness. Currently, capital markets only cover 30% of Europe's corporate financing needs, while in the United States the figure is 70%. Therefore, it is crucial to have robust banks that can complement the efforts of the Capital Markets Union. Implementing significant changes is never an easy task, but I emphasize four key areas that the European Commission can focus on: creating a tangible solution for European Deposit Insurance, establishing a comprehensive common backstop, facilitating the flow of cross-border bank liquidity, and undertaking another round of harmonization of national laws in areas such as insolvency and consumer protection. Having stronger banks is a prerequisite for accelerating GDP growth in Europe. https://lnkd.in/eTWUr5x5 #BankingUnion #CMU #EDIS

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The beauty of #automation: minutes after the #release of #US #CPI today, we have updated our #nowcast model for the next print and published it on the #Bloomberg #Terminal: Key takeaway: #Bloomberg Economics’ #nowcast for #June #US #CPI #inflation points to a reading of 3% year on year, taking the latest #data into account. The #nowcast predicted a reading of 3.3% for May, in line with the actual 3.3% print. The #consensus forecast was 3.4%. Check out BECO MODELS <GO> for a live view on many other #nowcasting models. Andrej Sokol Scott J. Bhargavi Sakthivel Eleonora Mavroeidi Simona Delle Chiaie Martin Ademmer Ana Beatriz Galvao Veronica Vilarinho Josh Danial

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"ECB Returns to Data-Watching" .... Maybe it is the title but suddenly, I have a vision of President Lagarde, standing on a boat with Governors Nagel, Knot and Holzmann, all whale-watching with their binoculars....... Anyhoo...... What are some of the most stressful occupations out there? Anything in law enforcement, doctors, nurses, paramedics, fire fighters, pilots, airtraffic controllers… economists. Who am I missing? Oh yes. Central bankers, particularly so these days.  It is no longer as simple as “We need to raise rates… inflation is running amok!” or “We need to slash rates… the jobless rate is running amok!” Nothing is really running amok… except maybe this write-up. Just thought I'd share my latest musings on the ECB... https://lnkd.in/ep69cCvC

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🕷 🐞 Love Kafka. Two quotes from this article resonated: 1️⃣ “The internet, the very place where we are now expected to craft a self, is also an identity-destabilizing machine.” People sometimes tell me that they like my LinkedIn posts - while often saying they’d be nervous to post themselves. To that, I say: ❗Learn at least one social media "language" as a content creator❗ It’s useful. I used to love learning foreign languages and have a system to learn them FAST: https://lnkd.in/exNxeYi9. Today, the languages of the internet are MUCH more important. Gary V’s “Jab, Jab, Jab, Right Hook: How to Tell Your Story in a Noisy Social World” https://lnkd.in/eZja-DDX hammers this home. AI is a new “language” that one can use to navigate other social media “languages.” For example, “Write this post in a way that resonates on FB or X or LinkedIn.” Emojis included . . . I’ll experiment with content on one platform and modify it for another. Don’t be a fly on the wall or . . . a bug on the floor! (Please excuse the Kafka reference.) I also liked the quote below about the telephone in 2024. Someone chewed me out recently for calling him unannounced. I hear you. 2️⃣ “And yet it is precisely Kafka’s painful self-awareness that plays so winningly on social media, among generations of readers who have grown up not just picking up a telephone, but staring it down.” 🎁 Try the article gift link in the first comment 🎁

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Identifying crises is a key focus for asset managers. In this post, I delve into a sophisticated detection methodology developed by Merlin Bartel, and Michael Hanke from the Universität Liechtenstein, and myself. The approach identifies equity drawdowns using advanced spatial modeling, which can be used as a dependent variable in predictive machine learning algorithms. Please see below the blog post for the CFA Institute.

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Well this was fun! 🎙️ I had the pleasure of participating in a recent interview with Blockstories where I shared some key insights into our future strategy and market outlook at tradias, as we continue to build momentum as a fully regulated securities trading bank focused on digital assets. 👉 You can read the full interview in the link below. A big thanks to Maximilian Vargas for the opportunity! Looking forward to continuing the conversation. #DigitalAssets #tradias #Fintech #FutureOfFinance #Innovation #Blockchain #Leadership

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How do you invest: actively or passively? 💼📈 Here are some reasons to take a closer look.... Recent data from VZ VermögensZentrum has shown that active funds make up 68% of portfolios in a mandated solution up to 250,000 CHF (vs. 19% of passive investments). Interestingly, the volume of active funds decreases with the size of the portfolio. For example, a portfolio of 750,000 CHF only has 37% active funds. Active funds are usually more costly than passive instruments while they might not necessarily bring more performance (see Morningstar graph below). This high share of active funds in smaller portfolios puts smaller investors at a disadvantage! 📉 💡 Massive Savings Potential 💡 According to VZ calculations, there is a potential savings of around 1,600 CHF per year (over 8,000 CHF in 5 years!) for an example portfolio of 375,000 CHF. Imagine what you could do with that money! 💰✨ What can you do? 🤔💡 Get proactive and check what is inside your portfolio, especially if you have a mandated solution. 🔍📊 If appropriate, consider swapping active funds for passive ones, particularly if you are a smaller investor. 💼💱 With the variety of passive funds available, it's likely you won’t need to change your strategy, and the savings you can realize will add nicely to your performance or your life! 💵🚀 Curious to hear your thoughts: Do these findings surprise you? How are you investing? #ActiveInvesting #PassiveInvesting #SmartInvesting #InvestmentTips #FinancialFreedom #InvestWisely #Savings #Finance #WealthManagement Data: VZ Studie - Anlegerverhalten in der Schweiz 2024

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The real economy matters when setting monetary policy. Here I look at the output gap as a measure of the state of the business cycle in Switzerland. The main problem with output gaps for central banks is that the data is lagging — eg., we still don’t know 2024Q2 GDP (although nowcasts are available at https://lnkd.in/d425Ex_S) and thus can’t compute the output gap beyond 2024Q1.

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AFME (Association for Financial Markets in Europe) and BVI German Investment Funds Association joined forces yesterday in Frankfurt, for a roundtable on #DLT in capital markets. The number and diversity of participants – representing a broad range of key actors on the European and German financial ecosystem – and the level of engagement and insights shared, all confirmed how much interest there is in seizing the opportunities offered by DLT. Around the table, we had organisations which were very advanced in the use of DLT and which were able to share views on the benefits, the opportunities, the challenges. The discussion also explored the next steps and how the benefits can be maximised by enabling the use at scale of DLT. It seems clear that we might be at a turning point and that important opportunities can be seized – possibly with the help of key actors who could play the role of catalysts for innovation. After the joint AFME - Paris Europlace event in Paris last month, this roundtable with BVI represented an excellent way to continue building an infrastructure for the ecosystem to share views, identify common objectives, promote awareness and education, and move together to scale the use of DLT. Many thanks to Rudolf Siebel, Dr. Tim A. Kreutzmann, LL.M. (SUN) at BVI and all those who contributed to this important discussion. Coen ter Wal Coco C. Jacqueline Mills Roberta D'Apice Shearin Cao, PhDPablo Portugal Tim Meirer Bert Staufenbiel Hendrik Becker Marcus Strauß Christoph Hock Ralph Croissant Sabih Behzad Alex Dockx Emma Lovett Sujata Wirsching Cristina Freudenberger Richard Middleton Arved Kolle Leonardo Arcuri James Kemp Rick Watson

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🚀 Exciting News for Asset Management Professional & Distributors ! 🌟 Our very own Manuel Ritter presenting the transformative capabilities of TURN (The Universal Reporting Network) for #assetmanagers and #distributors. Don't miss out on gaining valuable insights from one of the leading minds in the industry. TURN (The Universal Reporting Network) is reshaping the landscape of asset management with cutting-edge technology and innovative solutions

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Private debt investors took defensive approach in 2024 13.12.2024 - Investoren Plattform News: Private Debt A challenging fundraising environment saw private debt investors adopt a more defensive approach in 2024, according to new Preqin research. Although private debt fundraising saw a substantial recovery after a slow first quarter in 2024, analysts found that it was not enough to make up the ground lost during the first three months of the […] und mehr als 10.100 weitere Artikel finden Sie unter: https://lnkd.in/eYzxGH5k

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Hello! Please find here the link to my latest weekly musings. An awful lot of monetary policy I am afraid. The main message: The balance of “transatlantic risks” is the same as at the beginning of the year: the Fed may well end up “doing too much” and the ECB “too little”

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Recently UBS has confirmed the Credit Suisse securitized products business’ sale to Apollo Global Management. This reflects on the efforts to reduce non-core assets. UBS said that “this mutually beneficial agreement aligns with UBS’s strategy of winding down and simplifying it's non-core and legacy portfolio.” 💵✍️ Daniel Bosshard, Luzerner Kantonalbank analyst, also thinks that the Apollo deal is a good sign to indicate Credit Suisse’s seamless integration going as more than expected. As per Reuters, this deal can free up capital from non-core activities and lower costs and complexity. Let's have a quick look at the deal: ✅ Apollo is going to purchase $8 billion of senior secured financing facilities ✅ It's expected that this deal will bring $300 billion net gain in 2024’s first quarter #UBS #CreditSuisse #Apollo #FinanceNews #AssetManagement #InvestmentDeal #UBSNews #CreditSuisseAssets #Reuters #Magicminds #MagicmindsBlogs

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Read a real case how you can optimize your wealth management reporting with our solutions. Happy to provide further insights!

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📢 One to watch 📢 German neobank N26 has been on the radar of many public market bankers since Germany's federal financial supervisory authority lifted its growth restrictions in June. The restrictions capped the number of new customers it could add to 50,000 per month (increased to 60,000 last year), well below the 170,000 a month that it had been winning previously. N26's CEO Valentin Stalf previously said that the bank would achieve monthly profitability this year. Read our article on the bank's prospect for launching an IPO in 2026 or beyond (subscription required): https://lnkd.in/dr6uu_XK (By the way, you can also follow news on individual companies on Mergermarket by adding them to your watchlist on our website).

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The Essential Guide to Scale-up Challenges Are you a business owner or senior director of a scale-up business? Then this guide is for you. The grid of 16 key challenges makes it easy to identify key areas you need to tackle. Use it as a checklist to focus on areas of weakness. Packed with strategies and tactics to help achieve scale-up success. Just some of the topics covered include: 👉 Strategic direction – what exactly does this involve? 👉 Tools you can use to define your strategy. 👉 See how to develop your smart growth strategy. 👉 Essential metrics needed to make the right decisions. 👉 Funding options and where to start. 👉 Developing your profit improvement strategy. 👉 Tackling day-today management & operational challenges. 👉 How to create your exit strategy. Download the guide now and start checking off those challenges. #scalup #sme #business #BoardroomAdvisors

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