This week in Fintech

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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 on the frontlines of the global Fintech & Crypto revolution. Once a week Daily Fintech’s Editor summarises these posts so that busy people can get a peek at what you will get by reading the whole article.

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


Monday, Ilias Hatzis @iliashatzis, our Greece-based crypto entrepreneur, wrote Is it time to Decentralize the World?

Ilias Louis Hatzis is the Founder at Mercato Blockchain Corporation AG and Weekly Columnist at Daily Fintech

Is the current state of blockchain development ready to attract a large number of users? For the technology to become mainstream, it needs to be applied in ways that people actually find useful and provide a much better experience than what is already available. Can social media be crypto’s killer app? Decentralized and decentralizing technologies are challenging and changing how we manage our digital identities and who has access to our data. 

Editor Note: Decentralized social media & messaging will be private by default. That will be a game-changer. I keep on being told that people do not care about privacy. I don’t think that is true. I think people do not believe that privacy + Internet is possible. Once an entrepreneur shows it is possible, minds will shift.

Tuesday, Efi Pylarinou @efipm our Swiss-based Fintech Adviser wrote Smart Bricks meet Clicks & Voice – the Walmart Way

Efi Pylarinou is the founder of Efi Pylarinou Advisory and a Fintech/Blockchain influencer – No.3 influencer in the finance sector by Refinitiv Global Social Media 2019.

E-commerce giant Amazon is a big player in many markets. From e-commerce, cloud, delivery, entertainment, payments, smart home devices, and physical stores.

Retail giant Walmart, not included in the FANGs or the GAFAs, as it is a native of another tribe (physical retailers), can actually stand respectfully next to Amazon and other large non-financials that are using Fintech technologies to grow ecosystems and transform digitally.

Editor Note. Fintech, like most innovation, often gets traction first from those excluded by legacy finance. The  Walmart ecosystem of customers and employees is huge and mostly falls within the Excluded. So it will be very interesting to see if the range of Fintech services that Efi describes benefits those employees & customers and therefore the two other stakeholders – suppliers and shareholders. 

Wednesday, Jessica Ellerm @jessicaellerm our Australia-based Fintech entrepreneur wrote wrote African fintech migrates to Europe

Jessica Ellerm is a thought leader specializing in Small Business and the Gig Economy and is the CEO and Co-Founder of Zuper, a neowealth disruptor in Australia.

With less than 4 years of operations under its belt, ambitious African fintech, SME lender Lidya, has announced it will commence its expansion into eastern Europe. The venture backed Nigerian startup is set to take its fast capital model to Poland and the Czech Republic, and will no doubt be looking to replicate the success it’s had in its home market, having disbursed close to 10,000 loans since the company’s inception in 2016.

Editor Note.The idea that the West innovates and the Rest of the World copies has been turned on it’s head as billions move into a global middle class using digital financial services that eventually find their way to the West. SME lender Lidya from Africa is a good example of today’s reality – First  the Rest then the West.

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Thursday, Patrick Kelahan @insuranceeleph1 our US-based Insurtech expert, wrote

Cool data points for the U.S. insurance industry- do customers care?

Are there common threads for or against the industry changing customers’ insurance viewpoints among these data points?

$82.6 billion spent by insurers in 2018 on tech- U.S. market[i]

$1.2 trillion- 2018 premiums, U.S. P&C market

Record cash surplus for U.S. P&C firms- $802 billion as of 9/2019

$3.1 billion in 2018 global InsurTech funding, $8 billion over five years

Customer claim satisfaction per JD Power has improved marginally 2016 – 2018

600 insurance industry CEOs and 7000 persons attended InsureTech Connect 2019

Editor Note. Straight Through Processing (STP) is a staple of Capital Markets and may be the driver of success in Insurance Claims Processing.

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Friday, Arunkumar Krishnakumar @karunk our UK-based Fintech investor, wrote BoE Mandates Climate risk stress tests, can Fintechs help?

Arunkumar Krishnakumar is a Venture Capital investor at Green Shores Capital focusing on sustainable deep-tech investments
If you were in London over the last couple of weeks, you wouldn’t have missed the activities of the extinction rebellion. While I don’t condone all their actions, they are making a valid point and it is being heard at the highest and the lowest levels.
A week ago, I explained to my five year old about the rebellion and how we were hurting our environment. She spent a few quiet moments and suddenly mentioned that we should get rid of all plastics from our home.
And.. Mark Carney, the Governor of Bank of England announced that Banks should manage financial risks due to climate change.
Editor Note. Arun looks at Fintech startups that think ahead of the regulators by providing tools to measure how much companies contribute to the climate crisis.

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