This Week in Fintech ending 14 February 2020

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This weekly summary from our 5 experts, brings you insights based on their experience as investors, entrepreneurs & executives.

Ilias Hatzis started his first company, an internet search engine, during the dot-com era & now focusses on crypto.

Efi Pylarinou worked for top tier Wall Street firms and is now a top global Fintech influencer.

Jessica Ellerm is CEO of Zuper Superannuation & previously worked for a top Fintech startup, Tyro.

Patrick Kelahan is a CX, engineering & insurance professional, working with Insurers, Attorneys & Owners.

Bernard Lunn is CEO of Daily Fintech and author of The Blockchain Economy.

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Your Editor is Bernard Lunn. He is also the CEO of Daily Fintech and author of The Blockchain Economy.

Monday Ilias Hatzis @iliashatzis our Greece-based crypto entrepreneur (Founder & CEO at Mercato Blockchain Corporation AG and Weekly Columnist at Daily Fintech) wrote The Digital Wallets of the Future: Money and Identity

Cryptocurrency wallets have been closely linked to other transactional services. A digital wallet refers to an electronic device or online service that allows someone to make electronic transactions. Usually they are bundled with other services, like exchanges (Coinbase, Binance), physical devices (Trezor, Ledger), or other services (Casa). What if cryptocurrency wallets weren’t just about storing digital assets, but were about identity, serving as a single passport to both the physical and digital world?

Editor note:The word wallet is confusing in a Cryptocurrency sense. The analogy to a physical wallet is confusing. That is a custodial wallet aka a bank. In a decentralized world a wallet is a gateway – very powerful but very different.  

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Tuesday Efi Pylarinou @efipm our Swiss-based Fintech Adviser,  founder of Efi Pylarinou Advisory and a Fintech/Blockchain influencer – No.3 influencer in the finance sector by Refinitiv Global Social Media 2019 wrote Facts & Figures of Amazon lending and the Goldman Sachs X-factor

One can`t be a banking analyst or an automobile industry analyst anymore, with the same silo-ed focus required over the past decades. Industry-specific analysts bring a lot of experience from their respective sectors but lack the insights of innovative business models enabled by the `future technologies` (that are already here by the way).

Editor note: This is an interesting take on how two behemoths – one Tech and one Fin – are converging on the same space and may compete or collaborate. 

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Wednesday Jessica Ellerm @jessicaellerm, our Australia-based Fintech entrepreneur and thought leader specializing in Small Business and the Gig Economy & CEO/Co-Founder of Zuper, a new superannuation startup in Australia wrote Australian Fintech Assembly Payments Lands JV with Standard Chartered Bank

Australian fintech Assembly Payments has announced it has entered into a 50/50 JV with multinational bank Standard Chartered, to create a new global ecommerce company that will be underpinned by Assembly’s technology. The move isn’t the first offshore foray for the Australian based fintech, who has a number of international clients on its register, along with home-grown ecommerce talent. 

Editor note: Full stack Fintech that serve consumers & businesses need to be regulated one jurisdiction at a time. Tech ventures that offer a platform to such regulated entities can globalize a lot faster. 

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Thursday Patrick Kelahan @insuranceeleph1, our US based Insurtech expert (a CX, engineering & insurance professional, working with Insurers, Attorneys & Owners who also serves the insurance and Fintech world as the ‘Insurance Elephant’) wrote Pulling back the curtain to shine light on ‘scary’ insurance phrases

Reinsurance/ILS, Blockchain, and insurance financials.  Not quite lions, tigers, and bears, but for many who follow insurance the three concepts are as daunting and pose discomfort in understanding. Why then the mention?  Because in an earlier social media post I noted that the three words do not generate a lot of media content traffic, and if there is a related posting, not much response.  A wise connection dropped the key hint to that puzzle- the words need to be discussed in context that makes sense to the reader.  A cool idea, Modern Accelerator.

Editor note: The hard responsibilities and complexities of reinsurance makes the simplistic idea of new full stack regulated Insurtech ventures problematic. Yet customers want and expect innovation. This post is great for somebody who really wants to understand Insurance.

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Friday  Bernard Lunn, CEO of Daily Fintech and author of The Blockchain Economy, wrote: Security Token News for week ending 14 February 2020.

Editor note: This weekly snapshot is the news that matters for busy senior people in the Security Token market.

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