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This Week in Fintech ending 18 September 2020

Date:

This week our experts brought you the following 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 Switzerland Is Calling

Switzerland’s crypto friendly ways have made it the best place in the world to launch a cryptocurrency startup. More than 1,000 crypto startups have made Switzerland their home. The leading crypto projects, like Ethereum, Bitmain, Shapeshift, Tezos, DFinity, Cardano and many others are based in Zug.

Crypto Valley is probably the most crypto-friendly jurisdiction in the world. In 2018, Johann Schneider-Ammann, Switzerland’s Minister of Economy, said that within 5 years, Switzerland should become the world’s first “crypto-nation”.

A few days ago, Switzerland made it even easier to to use cryptocurrencies and decentralized finance. The Swiss Senate has overwhelmingly approved legislation opening the door to cryptocurrencies and decentralized finance (DeFi) enabling companies to create digital shares, as well as a range of other tradable assets.

Editor note: Switzerland has strong commitment to democracy, privacy and strong currency so could do CBDC (Central Bank Digital Currency ) the right way.

Bernard Lunn, CEO of Daily Fintech and author of The Blockchain Economy wrote: If Revolut can learn from Automattic they can give both HSBC and Facebook Libra a run for their money.

Revolut looks like the Neobank that is pulling away from the pack.

This has led to predictable anti Revolut backlash focussed on 5 concerns.

Editor note: Superb support is key to serious disruption in the real world and it is hard to do that well without enabling a superb work from home work culture.

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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 Insights from the holdings of thematic Blockchain ETFs

Mirror mirror on the wall, which public companies of them all, will be first in reporting 10+% revenues from Blockchain?

 Will it be payment Fintechs or conventional exchanges, or software tech companies or e-commerce companies?

Editor note: Efi offers a practical and nuanced look at a hot subject in the asset  management business.

Wednesday Alan Scott Managing Director EMEA at 24 Exchange @Alan_SmartMoney wrote Stablecoin News for the week ending Wednesday 16  September.

This weekly snapshot is the news that matters in the Stablecoin market.

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Thursday

Rintu Patnaik, an Insurtech expert based in India, wrote: The Ecosystem Rush – Why Its Such A Rage Part 2

The future of several service industries may be headed towards ecosystems. Or so, a McKinsey study would make one believe. As per their research, as many as 12 large ecosystems yielding 30% of global revenues could become a reality in the next 5 years.

In Part 1 of this article, examples of ecosystems in insurance were presented along with few compelling reasons for heightened industry-wide interest to initiate or join ecosystems. In this concluding part, pathways to ecosystems with enabling and inhibiting factors are discussed.

Editor note: Whether you are an incumbent or upstart this two-parter is required reading for anybody trying to figure out  how to create value in the massive Insurtech market.

Christian Dreyer @x3er, our Swiss based CFA who focusses on how XBRL changes our world wrote XBRL News:filing quality scores, COVID-19 requirements and ESG standards.

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

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Friday Howard Tolman, a well-known banker, technologist and entrepreneur in London. wrote: Alt Lending for week ending 18 September 2020

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

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Source: https://dailyfintech.com/2020/09/18/this-week-in-fintech-ending-18-september-2020/

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