i do remember BIs chief Carstens being rather negative on all things crypto and blockchain some time ago. times change.

‪a multitude of blockchain & distributed ledger projects proved that technology is not a solution to decentralization.‬ ‪one virus showed our future may be both more centralized & strongly based on individual, family, village, city, networks’ civic duties towards one another. ‬

unpopular or misunderstood point: if antitrust is enforced the Intuit - Credit Karma acquisition is illegal. #fintech

‪i am looking for a head of product. enterprise sales. post A, pre B. based out of either Stockholm or London. reach out if interested or know of someone. ‬fintech startup.

worth a listen. For those interested in digital goods economies, and those who would like to play Fortnite.

more than 330 finserv firms relocated some of their operations from the UK to the EU. winners are Dublin & Luxembourg. reality probably higher. breadth of biz relocated is very high - it is not over. London still main financial center but clearly losing relative clout & influence. …see more

consider that banks are either unwilling, incapable or inept at servicing SMEs. then extend that nugget of wisdom to digital firms, startups, tech centric firms...

deregulation is the constant banks thrive on. regulation is the variable they adjust to in the short term. i realize this is my Sunday morning inner pessimist voice at work.

*Jerome Powell said he would join at a time that would coincide with his retirement from the Fed & Revolut’s IPO*

Monzo is delightful & easy to use. Monzo needs to monetize & get revenues up. therein lies the friction going forward while growth cannot falter (new accounts opening). …see more

somewhere in a board room, a board member is praying the bank he serves on the board of does not have even one EU citizen as a customer.

my bet is on Ant Financial, WeChat, Ping An and all other giant Chinese fintech firms to hire more staff in Europe than they will in the US...

here is another trend to watch as DCNs (Digital Currency Networks). offshore centers thrive at the fringes, acting as bridges or connectors to onshore centers. traditionally, these offshore centers provided tax arbitrage (tax evasion first, then tax neutrality), the. regulatory arbitrage. the arbitrage offshore centers will provide will be articulated in different ways going forward. as DCNs are completely different beasts than fiat currencies (and will,have to be analyzed w/different lens) so will reg arbitrage evolve in more complex ways. #regulatory #crypto #cryptocurrency #fintech #tax #digitalcurrency #blockchain #watch #risk …see more

there are many reasons why “supply chain + blockchain” is a circus sideshow. there are many reasons why anything “blockchain + smart contracts” coming from Chinese corporations are distractions. and there are many reasons why Chinese fintech is a Trojan horse (in the guise of retail use cases for the moment) ponder on this article for a sec. #fintech #blockchain #capitalmarkets #payments #trading #banking #credit #financialservices #markets …see more

how does the Bank of England eclipse Libra, with an even more momentous set of strategic decisions for banking? easy.

‪pro fintech tip: do not take advice from people who do not understand payments.‬ ‪(applies to every corner of the financial services universe)‬

the Apple card has elicited so many emotional responses - for, against. payments facilitates commerce and the card industry has been one of the most profitable in financial services history, further it is not like cards have seen much deep innovation. finally, we are dealing with Apple too, an “emotional” brand. no wonder battle lines are drawn.

this quote reminds me of what happens time and again in my little corner of the world, the financial services industry. It applies to many ideas I have seen in fintech, alt lending, robo advisory, blockchain, crypto and now defi : “There is no such thing as a new idea. It is impossible. We simply take a lot of old ideas and put them into a sort of mental kaleidoscope. We give them a turn and they make new and curious combinations. We keep on turning and making new combinations indefinitely; but they are the same old pieces of colored glass that have been in use through all the ages.” - Mark Twain …see more

‪data geopolitics‬ ‪data economy‬ ‪data producers‬ ‪data consumers‬ ‪data exporters / importers‬ ‪raw data, data mining, data refining, data brokerage, data storage, data hacking, data counterfeiting, wholesale data, retail data, fake data, data monetization, data weaponization‬ …see more

to be fair to Google, this is a business model many banks have attempted in the past - or continue to adopt - with more or less success.