This week in Fintech

Every day we bring you fresh insights about Fintech from an elite group of Authors who are just like you – senior executives, entrepreneurs and investors working in the global Fintech revolution. Once a week we summarise these posts for the time challenged and give you a peek at what you will get by reading the whole article.

Monday Ilias Hatzis @iliashatzis our Greece-based crypto entrepreneur, wrote Humans have harmed Earth. Can Blockchain can save it?

One of the greatest technological advances known to mankind is the invention of electricity. Today, just about everything we do requires electricity. But, producing the electricity that helps us live better lives, can be disastrous for the environment. Most of our electricity is generated from non-renewable sources that pollute our air and water. As the demand for electricity increases, the damage to our planet also increases. Blockchain can be used to solve the major environmental problems we are facing today on our planet. If adopted globally, it can even help stop or reverse climate change.

Editor note: Ilias tackles the biggest crisis facing humanity  – climate change – and looks at how Blockchain and smart contracts can encourage  people to replace products they consume for more sustainable alternatives, incentivizing recycling, tracking the carbon footprint of products and applying taxes, and optimizing energy distribution.

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Tuesday Efi Pylarinou @efipm our Swiss-based Fintech Adviser wrote Beware of hidden fund mgt businesses from Big Tech companies

Braeburn Capital was founded in 2005 to better manage Apple’s $8+ billion cash pile. Braeburn Capital now manages $244 billion! Apple is only one example. A Moody`s report shows that the total cash pile of US non-financial companies was $1,690 billion.

Editor note: Efi presciently questions if such concentrated piles of corporate cash being managed as hedge funds, should not be perceived as a systemic risk. This question becomes urgent when you consider the Libra move by Facebook with its $50billion cash pile and their ambition to create a new global currency. 

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Wednesday Jessica Ellerm @jessicaellerm, our Australia-based Fintech entrepreneur,  wrote Fintech’s need to watch their digital backs – short-term lending banned by Google

There is now a 3 cornered fight in finance  between Fintech startups, banking incumbents, and more recently, big tech companies such as Google, Apple  & Facebook. The distribution power the latter wield is now much bigger than the banks.

Editor note: Jessica looks at recent moves by Google and Facebook to illustrate this distribution power. Google moves are personal loan apps in the Play store. Meanwhile  Facebook had blocked products from Australian social media marketing startup Stackla, a local IPO hopeful. 

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Thursday Patrick Kelahan @insuranceeleph1, our US based Insurtech expert, wrote On the tides of insurance innovation.

Ventures need to swim with the tide, and let the market take you where it wants you to go. An insurtech example described in this article is Aimviva Travel Club.

Editor note::  Patrick gives examples of insurtech ventures that went with the flow of the market to create success. The example also shows the power of smart partnering. He also shows why some innovation centers such as Israel foster  innovation better than others.

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Friday Arunkumar Krishnakumar @karunk, our London based Fintech investor, wrote The Rise of Vietnam – the new Asian Innovation hub.

Vietnam often gets overlooked as a fintech innovation hub as we focus on the China dragon and the India elephant. Vietnam has a tech savvy population, supportive government regulations, and high smartphone penetration – the  combo that has done wonders in many other countries. Above all Vietnam has high GDP growth (7.08% in 2018) and 100 million people of which 40% are unbanked. 

Editor note: Arun analyses the factors that will prompt fintech entrepreneurs, investors, bankers and Big Tech companies moving into fintech to take a serious look at Vietnam. 

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Bernard Lunn is a Fintech deal-maker, investor, entrepreneur and advisor. He is CEO of Daily Fintech and author of The Blockchain Economy.

I have no positions or commercial relationships with the companies or people mentioned (other than Daily Fintech of course). I am not receiving compensation for this post.

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