AGP Executive Report
Last update: 6 hours agoMacro & Rates: The U.S. added just 29,000 jobs in September and unemployment rose to 4.2%, cooling rate-hike expectations and helping risk assets, while the 10-year Treasury yield eased after earlier multi-decade highs. Crypto & Market Sentiment: Bitcoin pushed above $86,000 ahead of the jobs data, with open interest jumping $2.3B as traders piled into bullish positions; crypto broadly stayed “risk-on” as bitcoin dominance neared 60%. Open Banking & Embedded Finance: A new market outlook projects open banking growing to $266.75B by 2035, and Apideck’s Embedded Finance Index says fintechs hide KYC vendors 2.8x more than sponsor banks—highlighting compliance gaps. Banking Regulation & Risk: Nigeria’s central bank warned lenders to rein in concentrated exposures to single borrowers, sectors, and regions. M&A in Africa: Société Générale Ghana is set to be sold to Attijariwafa Bank (with SSNIT taking the remainder), expanding the Moroccan group’s West Africa footprint. Cybersecurity: South Korea’s banks reported AI-driven hacking and data leaks, underscoring rising operational risk for financial institutions. Industry Watch: OJK in Indonesia outlined five priorities for banking through 2030, including tech resilience and integrated supervision.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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