- Lol a FoHFs ICO, srsly
- The FCA’s belated views on the ICOmedy
- The hot new thing in initial coin offerings is…
- Dubai or bust for Baroness Bitcoin
- Westworld, cryptocurrency, and the gamification of women
- Don’t be fooled, the authorities are coming after ICOs
- Paris Hilton backs an eyebrow-raising crypto project
- So this is what watching a bubble feels like…
- Crypto-bailouts for struggling startups
- When crypto portfolios go mainstream
It’s difficult to say what “tokenization” actually achieves, besides allowing people to avoid banks and law enforcement.
Why the legacy of the public-private finance franchise model makes it near impossible for more traditional “loanable funds” finance models to compete, irrespective of the technology they think they have in hand.
Loanable funds theory dominates the fintech world. But, according to two Cornell lawyers, this philosophy grossly underestimates the role played by the public balance sheet in modern finance. Their new paper describes how a public-private franchise sits at the heart of modern banking. Those who fail to appreciate this are unlikely to create successful financial ventures.
What is the self-driving craze in mobility really about? Improving road safety (something not yet proven or quantified) or creating a framework where control can finally and fully be ceded from users and transferred for all perpetuity to an increasingly concentrated and faceless capital and intellectual property-owning elite?
LendUp CEO Sasha Orloff tells me they’re giving the startup time to build a long-standing brand in finance “the right way”, rather than squeezing as much profit as possible from its customers in the short-term. “Everything has to be transparent. There is no fine print. No hidden fees. And everything has to get someone to a better place” Orloff insists. That’s from a TechCrunch story in January about LendUp, a payday lender backed by Andreessen Horowitz, Google Ventures, QED and Kapor Capital, with debt funding from Victory Park Capital. And this is from a press release just put out by the California Department of Business Oversight:
On the matter of London’s bid to establish itself as the fintech capital of the world, well known Twitter and blogging raconteur Dan Davies says: oh my god fintech forget about it. Non tariff barriers will be extraordinary. London fintech is done. https://t.co/dCFi851P9e — Dan Davies (@dsquareddigest) June 24, 2016 Which fits quite nice with what a fintech/Brexit report commissioned by London FinTech Week at the end of May flagged.
Lol, no, of course it won’t. The UK’s “peer-to-peer” lenders are facing their first economic shock and possible down cycle. But where some see the apocalypse, the likes of Ratesetter see an opportunity: FinTech is in its infancy but that means it is necessarily forward-thinking and modern and that allows it to respond more nimbly to the inevitable changes and opportunities that will arise from today’s vote. Leaving the EU may discombobulate big banking conglomerates and FinTech businesses will look to fill any spaces. This may prove to be an opportunity for FinTech.