This Week in Fintech ending 6 March 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 the 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 Why Bitcoin is Eating the Software World

Back in 2011, Marc Andreessen famously wrote “Why Software is Eating the World”. Today the idea that every company needs to become a software company has seeped into every aspect of our lives, changing the way we live, eat, interact, and commute. We shop on Amazon, we ride Uber to get around, we order food with efood, we find places to stay with Airbnb and we search on Google when we have a question. Few of us could have imagined the impact software would have on our day-to-day lives. Along with this innovation, we’ve seen some side effects. Some of the biggest companies own almost nothing and employ almost nobody.

Editor note: “just like software continues to eat the world, blockchain and decentralization could end up eating software.” Read this post to understand why and how.

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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 The $5 trillion ETF market has been tested

There is nothing like a market induced shake-up. This past week reminded me of all the trading floor jargon of my Salomon Brothers days on the 37th floor of 7WTC.

`Bleeding`

`Catching falling knives`

`Close the book`

It also reminded me of the Betterment/Brexit incident in July 2016! When the unexpected election results hit the market, ETFs became illiquid and mispriced. Betterment suspended trading for retail on that Friday of the Brexit results for almost 3 hours. Read more details here.

ETFs are the bread and butter of all robo-advisors. Both standalone fintechs and incumbents use these efficient wrappers to create their portfolios.

Editor note: Efi analyses how ETFs performed in last week’s Coronavirus induced meltdown and how it impacts the overall Fintech market

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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 Loan Originations Spike For Listed Australian Online Lender Prospa

Last year we covered the successful IPO of local fintech success story Prospa, an early player in the online lending space in Australia. The company debuted on the Australian Stock Exchange in June of 2019, taking off at $4.50, a significant uplift on the IPO offer price of $3.78.  As often happens in the early stages of a company’s public life, the share price has had a bumpy ride since listing, and currently trades around the AU $1.80 mark.

Editor note: With so much uncertainty due to Coronavirus and climate change, it is natural for originations to spike. What Prospa and other Fintech lenders need to show us returns to lenders over the economic cycle.

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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 COVID 19 – indirect effect coverage gap on steroids

Unlike a typhoon or hurricane, the current catastrophe cannot be seen, just its effects.  The novel coronavirus (COVID 19) is now and will be causing personal, business, and government disruption and economic loss.  You can’t see the virus, has relatively small direct effects (120,000 persons contracting the virus of some hundreds of millions exposed), but it’s secondary impact ripples widely.  It’s economic impact will eclipse that of natural disasters of the past several years.  Analogous to the concept of velocity of money there is a ‘velocity of consumption’ that has economic loss effects that are not subject to indemnification. 

Editor note: As coronavirus fear grips people worldwide, some take comfort in insurance. This post is for those people who have to think about how to insure a pandemic.

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Friday Bernard Lunn the CEO of Daily Fintech and author of The Blockchain Economy wrote: Security Token news for Week ending 6 March 2020

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

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