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.
Sheldon Freedman is a Fintech lawyer at Hassans International Law Firm
Bernard Lunn is the CEO and Editor 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 Bernard Lunn @LunnBernard, CEO and Editor of Daily Fintech and author of The Blockchain Economy wrote What do you want a post #Coronavirus world to look like?
Ilias is taking a break today to focus on his family. The Coronavirus crisis is becoming very real for many of us.
We are learning what words like disruption, creative destruction and viral really mean. They are not just words on a pitch-deck any more.
The Greatest Generation were tested in the Second World War. Baby Boomers (like me) had it easy thanks to their bravery & sacrifice. Now we are being tested (more than other generations because this virus is worst for older people).
This too shall pass.
In our Coronavirus series, we started with a description of the destruction to the financial system – the destructive part of creative destruction.
This post envisages what a post #Coronavirus world could look like – if we make it happen.
Editor note: This post looks at 10 principles that could make a post Coronavirus world a better place. All are visible in small ways today – the future is unevenly distributed. Many could reach mass scale with some better tech solutions – which is what the next post in this series will focus on.
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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 Technology helping governments & citizens, one line of code at a time
Moral hazard issues are endemic in financial crises, as we all know from the most recent GFC triggered from subprime mortgages. As we are witnessing a bazooka round of government aid ready to hit the market, the moral hazards are being revisited.
I will attempt to stay on topic and not comment on social & political issues around the current stimulus policy decisions in each country. I will focus on how technology can be used to make things better in these circumstances.
Editor note:Efi contrasts the legacy absurdity of the US Govt sending paper checks with modern digital GovTech initiatives around the world.
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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 Coronavirus To Kill Cash For Good
If there is one financial instrument particularly exposed to the coronavirus, then it would have to be cash payments. For several weeks now, as virus fears ramp up in Australia, I have noticed local businesses banning cash payments overnight, to protect staff from potential infection risks associated with contaminated cash.
Editor note: I have noticed my own behavior changing as a consumer. Just in case I could infect the cashier, I use a card even for small payments.
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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 Business interruption- cover that’s too big to cover- but needs to be next time
On February 27 Daily Fintech published this article, “Dominoes fall- business disruption and risk management in the COVID 19 environment,” wherein there was a discussion of the indirect effects of the then China-based COVID-19 outbreak, and the estimation of economic damage due to the outbreak being $1 trillion. We now know the effects of the pandemic will be in the many trillions of dollars, and business enterprises around the globe are realizing that business interruption (BI) financial losses due to the outbreak are generally not covered by their commercial insurance policies.
Editor note: Business Interruption (BI) Insurance is being overwhelmed by the Coronavirus crisis. This article explains how and why this happened and should be required reading for anybody who works in, finances or regulates the Insurance business.
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Friday Sheldon Freedman, Fintech lawyer at Hassans International Law Firm
wrote: Security Token news for Week ending 27 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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Source: https://dailyfintech.com/2020/03/27/this-week-in-fintech-ending-27-march-2020/
