This Week in Fintech ending 21 August 2020

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This weekly summary from our 8 experts, brings you insights based on their experience as investors, entrepreneurs & executives.

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

Monday Ilias Hatzis our Greece-based crypto entrepreneur (Founder & CEO at Mercato Blockchain Corporation AG and Weekly Columnist at Daily Fintech) @iliashatzis wrote Bitcoin may be only asset worth owning

Early last week, Bitcoin got a thumbs up from an unexpected source. MicroStrategy Incorporated (Nasdaq: MSTR), a publicly traded company, shook the entire crypto community when it purchased $250 million worth of Bitcoin (21,454 BTC). The purchase was part of MicroStrategy’s “new capital allocation strategy“. This is the largest Bitcoin purchase by a publicly traded company and to put it plain words, this single purchase sums up Bitcoin’s value proposition. This is not just positive words coming from Twitter or other social media, but action from a Nasdaq heavyweight that decided to swap fiat for Bitcoin as its treasury reserve asset.

Editor note: Ilias describes moves by conservative financial types that validate the idea of Bitcoin as digital gold as a hedge against central bank money printing.

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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 East & West Stock exchange disconnects

Western newswire services are reporting that the blockbuster IPO of Ant Group has started preparations for its dual listing process (STAR & HK stock exchanges) while US-China relations are tense.

Alibaba owns 33% of its shares, and co-founder Jack Ma owns 8.8%, but with over 50% of voting power. The plan is to sell 10% of Ant Group shares on Shanghai’s STAR and 5% on the Hong Kong Stock Exchange.

Editor note:This article is essential reading for any investor who wants to gp beyond the obvious – invest in Asia – to the nuances of how to do that well.

Alan Scott Managing Director EMEA at 24 Exchange @Alan_SmartMoney wrote Stablecoin News for the week ending Tuesday 18th August

This weekly snapshot is the news that matters in the Stablecoin market. This week Alan focusses on signs of frothy immaturity in the Stablecoin market.

Wednesday Guest author Amber Sutherland wrote A bankers guide to AI Part 4. Is it better than what you have now?  (4 of 5 part series).

Editor note: In every industry, banking included, much money will be made from AI automation (and sadly, many jobs lost). This 5 parter gives you some of the nuances and complexity of making that happen in banking.

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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 It’s easy being a successful innovator, if one can simply peer into the Black Box of Magical Solution

The last several months have given me more exposure to the machinations of innovative insurance ideas, details, and outcome to the point where one must wonder how there are hundreds of legit, active ideas making their way through incubators, plug and plays, sandboxes, sprints, tech fests, virtual pitches, and so on.  Insurance is a $5 trillion global enterprise and all one needs is to capture is 2/10,000th of a percent of that pie and you are a billionaire.

Editor note:Pat describes some of the things you need to do to turn a clever idea into a world beating Insurance innovation.

Thursday Christian Dreyer @x3er, our Swiss based CFA who focusses on how XBRL changes our world wrote XBRL News: future of digital reporting, IFRS taxonomy update, EU securitisation

Editor note: This weekly snapshot is the news that matters in the XBRL market.

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Friday Howard Tolman wrote: Alt Lending Week Ending 21st August

Editor note: This weekly snapshot is the news that matters in the Alt Lending market.

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