Why Every Finance Professional Needs a Degree in Big Data

Cache Announces New Credit Facility with Wells Fargo Capital Finance

Numerically-literate employees are the best candidates for training. Barry Melancon , president of the American Institute of Certified Public Accountants, recently blogged that CPAs are perfectly suited to take a leadership role in deciphering and using Big Data to achieve strategic business goals. Given the large numeric datasets that financial professionals encounter every day, a mastery of analytics is a necessity, not an option. My company, IBM, recognized the coming shortage several years ago, and took a broader view in training high-potential hires with Big Data skills. In 2009, we began the process of recruiting 5,000 liberal arts majors to become data scientists in our consulting practice through a rigorous two-year program. It included extensive time working with IBM mentors and placement on teams working on stimulating, cross-industry projects.

A quick-and-dirty guide to the housing finance reform battle

Certain matters discussed within this press release may constitute forward-looking statements within the meaning of the federal securities laws. Although Cache, Inc. believes the statements are based on reasonable assumptions, there can be no assurance that these expectations will be attained. Actual results and timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including, without limitation, our ability to successfully implement our business strategy and to integrate new members of management, industry trends, merchandise and fashion trends, competition, seasonality, changes in general economic conditions and consumer spending patterns, as well as other risks outlined from time to time in the filings of Cache, Inc.

Jeb Hensarling (R-Tex.) has offered the PATH Act , which moves more aggressively toward privatization of the mortgage market. It would: Wind down Fannie and Freddie within five years Centralize all housing finance operations within a Federal Housing Administration, independent of the Department of Housing and Urban Development. Establish limits for federally-insured mortgages, including a minimum down payment of 5 percent and 3.5 percent for first-time home buyers, and caps on the price of the home depending on the area median income. It also prohibits borrowers from getting another FHA mortgage for seven years after they go into foreclosure. Set up a National Mortgage Market Utility as a nonprofit platform that develops standards for servicing, pooling, and securitizing residential mortgage loans, as well as serves as a repository for mortgage data Delay some effective dates of all Dodd-Frank mortgage rules for another year to allow community financial institutions time to comply Repeal the provision of Dodd-Frank that requires securitizers to maintain an interest in the credit risk of asset-backed securities, which was designed to incentivize viable underwriting rather than mortgage origination volume.

WhiteHorse Finance, Inc. to Report Second Quarter 2013 Financial Results

Capital is a leading global alternative asset manager managing approximately $13 billion of capital across a number of funds focused on the small-cap market. For more information about H.I.G. Capital, please visit http://www.higcapital.com . For more information about the Company, please visit http://www.whitehorsefinance.com .

Wielding Finance, Innovation And Policy To Make An Impact In Climate Change

I managed to catch up with Vikram Widge, Head of Climate Finance and Policy at the International Finance Corporation to discuss the combination of finance, innovation and policy working together to make impact in climate change. FORBES ASIA: What are the major bottlenecks to larger flows of investment into sustainable infrastructure in developing and emerging countries? Widge: There are 2 main challenges. First, developing and emerging economies need to develop investment-grade policy frameworks that generate a strong pipeline of bankable green growth projects. This can be done through enacting national targets supported by regulatory frameworks and predictable incentives.


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