Amigo Loans customer complaints soar. While Amigo is only a minnow in the Alt lending scene it is in some ways a microcosm of what can go wrong during a Black Swan event such as a pandemic. In many ways it is almost textbook. For a starter this company will only lend to you because ... Read more âș
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Here is our pick of the 3 most important XBRL news stories this week. 1 MCA should examine why XBLR data hasnât been used for fraud detection New Delhi: The Ministry of Corporate Affairs (MCA) should look into and find out as to why the eXtensible Business Reporting Language (XBRL) tagged data has not been ... Read more âș
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Tokio Marine has teamed up with AI powered claims technology provider Tractable to accelerate its claims processing. The partnership enables the insurer to use computer vision to assess vehicle damage in near real-time and estimate the extent of repairs needed. Tractable is also operational at other insurance giants such as MS&AD (fifth largest P&C insurer) ... Read more âș
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Is this time a case of last mover advantage? Here is our pick of the 3 most important Stablecoin news stories during the week. Normally in the Fintech world a large advantage goes to the first mover, they get to build brand and scale, while the others scramble. Then that brand and scale has its own ... Read more âș
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This article is written by Daglar Cizmeci, a serial investor, founder and CEO. Technology-enabled financial solutions have undergone an evolution over the past 130 years. We can consider the late 19th century to have given way to financial globalisation. Starting with technologies such as the telegraph, railroads and steamships that enabled rapid transmission of financial ... Read more âș
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Efi Pylarinou is the founder of Efi Pylarinou Advisory and a Fintech/Blockchain influencer â No.3 influencer in the finance sector by Refinitiv Global Social Media 2019. Goldman has been the one to watch for having the courage to reinvent its business and culture in all adversities. From the subprime crisis days, that Goldman chose to become ... Read more âș
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âyour fat margin is my opportunityâ is a quote from a very smart entrepreneur called Jeff Bezos. Cost in cross border payments comes from 4 sources: â Fees. This is the most visible cost. â Foreign Exchange. This often exceeds the visible Fees, but has been opaque in the past; it can be as much ... Read more âș
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Iâve always been a numbers man when it come to bitcoinâs growth, especially as we try to predict future mass adoption. Yesterday was bitcoinâs 12th anniversary, and since the bitcoin whitepaper has been published on 350 web sites and cited by over 1,100 scholarly articles. This weekend, bitcoinâs price rose above $14,000 for the first ... Read more âș
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This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives. To continue receiving This Week in Fintech, you can either become a paying Member for $143 per year (and receive all our content in addition to this weekly summary) by clicking here. If you just want to ... Read more âș
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 Digital Start ups in the Banking Arena There really are rather a lot of these companies and I suppose that the really surprising thing is about them is that that a lot of them look very similar indeed. The list I surveyed is US centric and the companies concerned are in Clusters around the ... Read more âș
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Here is our pick of the 3 most important XBRL news stories this week. 1 SEC targets issuers and officers for disclosure violations through data analytics The SEC has invested heavily in ramping up its ability to leverage âbig dataâ in order to spot anomalies or inconsistences that are potential indicia of financial reporting violations. ... Read more âș
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The ongoing pandemic stoked large corrections in equity, commodity and debt markets as players grappled with the full extent of its impact. At such times, insurance linked securities (ILS) are a boon, being mostly uncorrelated to mainstream financial markets. Since natural catastrophic ILS are driven by disaster events, there is no direct link to credit ... Read more âș
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Who controls your currency and will you have any choice? Here is our pick of the 3 most important Stablecoin news stories during the week. This week we saw maybe the biggest divergence in stablecoin global regulators with the West looking to go down a completely different path to China. The central bank for central banks ... Read more âș
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Efi Pylarinou is the founder of Efi Pylarinou Advisory and a Fintech/Blockchain influencer â No.3 influencer in the finance sector by Refinitiv Global Social Media 2019. The social need for a Universal Basic Income and its social and economic implications have not subsided. UBI is not as hot as stablecoins and DeFi but there are more and more UBI pilots that are mushrooming around the world. I am ... Read more âș
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This 4-part series on cross border payments starts by describing how the legacy competition works today as a way to segue to part 2 which describes why it is so expensive today. Part 3 looks at 4 types of Stablecoin disrupters. Part 4 looks at the adjacent markets for monetisation in the event that cross ... Read more âș
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When Julius Caesar crossed the Rubicon, he uttered the famous phrase Älea iacta est (âthe die has been castâ). On the October 21st, we had one of those moments and passed the point of no return. PayPal, one of the biggest payment companies in the world, with a market cap of $240 billion, 346 million ... Read more âș
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This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives. To continue receiving This Week in Fintech, you can either become a paying Member for $143 per year (and receive all our content in addition to this weekly summary) by clicking here. If you just want to ... Read more âș
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 A mixed Bag of loan loss provision in European Banks The overall picture is blighted by the lack of clarity in exactly how banks carry out this important activity. Worth a mention because it is very easy to assume that such a major item as loan loss provisioning is largely carried out on an ... Read more âș
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Here is our pick of the 3 most important XBRL news stories this week. 1 Blockchain and XBRL: The Myth Currently, many jurisdictions around the world require public companies to produce financial reports using XBRL. The myth that blockchain could replace XBRL in the production of financial information is incorrect. Blockchain is not a data ... Read more âș
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In the past few days, promising insurtech ventures competed for top honors, based on impact to the insurance landscape. Innovators were awarded in categories of underwriting platforms, analytics usage among others. The UW platform award went to a parametric risk transfer solution designed to protect SMEs during hurricanes. This category saw stiff competition, including another ... Read more âș
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28.11.2024 14:54
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