This weekly summary from our 7 experts, brings you insights based on their experience as investors, entrepreneurs & executives.
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Cryptocurrency is a thriving and quietly eating away at the existing financial ecosystem. The cryptocurrency market has erupted into a $200 billion industry, sparking a wave of global disruption. Retail and institutional investors, like Paul Tudor Jones, have deepened their commitment to cryptocurrencies including Ethereum, Ripple (XRP), Stellar and a number of others across the industry. At the heart of cryptocurrency is a rich history of innovation, that goes back to the 80s with advances in cryptography. Today, there are more than 5,000 cryptocurrencies with innovative applications and use-cases. Could the growing economic fallout from the coronavirus pandemic be a catalyst for mass adoption? And what does that mean for most people that are clueless when it comes to the complexities of managing crypto wallets and private keys?
Editor note: Fascinating glimpse into leading edge of cryptographic security to solve the security issues around self custody of Bitcoin assets using threshold signatures.
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 Radical Digitization elements from the SICTIC Blockchain Investor Day
I had the pleasure to moderate the annual SICTIC Blockchain investor event which was a collaborative initiative to highlight and support innovation. SICTIC and its event partners, Innosuisse and Trust Square, its annual corporate partners, its corporate co-investors, and its probono board members, made this possible.
My picks from the 3-hour event are from my heart.
The inspirational keynote from Richard Olsen, founder and CEO of Lykke, directed mainly to the innovators, was from his learnings as an entrepreneur and visionary. He made it clear that crises are and have been the only normal. They vary in nature and reach, but expect them and develop adaptive thinking and leadership. He made an analogy that stuck in my mind because it is a guide for startups, for intrapreneurs, and for the `in the meantime` that we often find ourselves.
Editor note: Efi offers a glimpse into how Fintech entrepreneurs in Switzerland are going about the job of building ecosystems.
Alan Scott Managing Director EMEA at 24 Exchange @Alan_SmartMoney wrote Stablecoin News for the week ending Tuesday 7th July
This weekly snapshot is the news that matters in the Stablecoin market. The focus this week is central bankers fighting to hold their monopoly.
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 Supply Chain Finance Patents granted to Prime Revenue; best or worst of times in small business finance?
Editor covered today for Jessica Ellerm.
It is the best of times and the worst of times in Small Business Finance.
Best of times: Small Business Finance is a window of opportunity big enough to drive a truck through. This remains as true today as it was when we first articulated it about about 4 years ago and the market has grown a lot since then.
Worst of times. The pandemic has hit Small Business the hardest. The trend towards a leveling of the playing field field between big and small businesses got side swiped by the pandemic. The businesses we all love as consumers, the retail shops, bars, restaurants, hairdressers etc have been hit a lot harder than big businesses (particularly those with digital products).
Editor note: Banks have ceded the customer interface to startups in so many markets such as supply chain finance.
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 Would an IPO by any other name taste as sweet as Lemonade?
The recent IPO (initial public offering of shares) by Lemonade Insurance was on its face not much different from any other- a filed S-1 that tells the company’s story, advises of potential risks, denotes which firms are acting as advisors or underwriters, provides historic and pro forma financials, and acts as an appetizer for the market in terms of investing in some fresh lemonade.
However- there are few IPOs within the fintech or Insurtech world as widely studied and anticipated as that of Lemonade, and none as unorthodox in its seeming acceptance in spite of the paucity of traditional financial supports.
Editor note: Pat analyses the Insurtech rocket ship called Lemonade Insurance, from founding to IPO in 5 years.
Thursday Christian Dreyer @x3er, our Swiss based CFA who focusses on how XBRL changes our world wrote XBRL: IASB on digital reporting, less in non-financials, LEI taxonomy
Editor note: This weekly snapshot is the news that matters in the XBRL market.
Friday Howard Tolman, a well-known banker, technologist and entrepreneur in London, wrote: Alt Lending: Starling Bank, Climate Projects, Fund Raising during Pandemic
Editor note: This weekly snapshot is the news that matters in the Alt Lending market.
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