Discover and read the best of Twitter Threads about #fintech

Most recents (24)


Steps for using a budget as a tool to align your use of money with your values.

I call it Aligned Spending™️

(™️=kinda joke...)


Step 1: spend money. This part is easy. Just spend as you normally would.

Step 2: review each transaction. This can be done daily at first, or weekly. Download each transaction using #fintech and go to step 3.

I have tool I’ve used if interested.
Read 12 tweets
1/ La présentation du "libra" de @facebook a pris tout le monde de court. Je vous ai préparé un petit thread pour vous récapituler toutes les infos à retenir sur cette crypto inédite qui devrait être disponible en 2020 👇 #Libra #facebook #zuckerberg #bitcoin
2/ Le projet "libra" est crucial pour @Facebook. Le groupe, dont les revenus viennent à 98% de la pub, doit se diversifier après les scandales à répétition sur l'exploitation des données personnelles (Cambridge Analytica) #libra…
3/ Facebook a commencé (au moins) dès 2017 à travailler sur le "libra". Début 2018, Zuckerberg a officialisé la création d'une équipe blockchain. Il a mis à sa tête @davidmarcus, le patron de Messenger, qui a piloté le projet depuis le début #libra…
Read 15 tweets
We know that financial crises come from innovations of short-term bank/bank-like debt that move outside of/more quickly than the regulatory regime. So, where might the next one come from? A case for the answer being right there in the name: #FinTech. An ongoing thread...
Many firms providing digital payment services have large cash balances attributable to their customers who have left money “in” the app for ease of use. This cash is often deposited in banks with interest accruing to the firm...
...This muddies the picture of short-term funding for bank regulators and provides an extra link in the chain that can leave the financial system vulnerable to runs. There are several possible mechanisms...
Read 18 tweets
1: The global banking industry is showing signs of renewed health:

i. Deep capital reserves-Tier-1 capital is at decade-high ~12.6%.
ii. High liquidity: Loan-to-deposit ratio fell to~90%, as comp. to 120% in 2007
iii. Innovation: Investment in digital capabilities & partnerships
2: Banks have taken an axe to costs, yet profits remain elusive (falling ROE and P/B Multiples), leading to depressed valuations.

The unstoppable march of ‘Four Horsemen’ —Disintermediation, Commoditization, Unbundling/Rebundling, and Invisibility— continues.
3: Technology is breaking up traditional value chains into new stacks.

—Traditional Model: Banks vertically integrated. Competition between banks with similar offerings.
—New Model: Modularization. Specialized service providers compete on product innovation and distribution.
Read 12 tweets
A talk by @kunalb11 on fintech(or not) for the @CFAinstitute
Spent the sunday evening learning about the ever-changing world!

Sharing some takeaways in the below thread.
Also, he's the founder of @cred_club!
Try it,here's the link:
High contribution of women is the only way per capita income of any country will shoot up.
Bangladesh has seen a rise in the no working women and is far ahead of India! (shocking stat) (2/n)
Every home has a CTO. He/she is generally in 14-18 age bracket. Guides the family on adoption of tech and apps. Slowly but steadily that person is becoming the Chief Procurement Officer as well. (3/n)
Read 32 tweets
My @eversendapp experience has been smooth…

I have loaded it on my rooted #Android phone with #LineageOS 16.1, uploaded by identification for KYC and was verified within minutes…

I was so shocked that it had happened so fast, I am feeling the slacker
@eversendapp Why install the app, needed to make a payment to a service provider in Kenya and was stuck without a way to do it from my current location
@eversendapp The next steps were soooo smooth

1. Added a Visa card, which was charged for verification process

2. Loaded funds, converted to KES in 2 clicks…. The exchange rate was very close to what Google and XE gave me (as compared to my bank)

#FinTech #4IR
Read 7 tweets
#Bigdata vs Machine Learning vs Artificial Intelligence
By Irene Aldridge
☝️author High-Frequency Trading: A Practical Guide to #Algorithmic Strategies& #Trading Systems
☝️co-author Real-Time Risk: What Investors Should Know About #Fintech,#highfrequencytrading and FlashCrashes
1. ☝️🧐➿🔢 In traditional #statistics or #econometrics, researchers make assumptions about #data distributions ahead of the analysis
2. 🥇💪#machinelearning = the 1st discipline to apply #efficiency to #problemsolving brought by #computers & their enhanced computational power
3. 🤗➿🔢#ML scientists try to reduce #assumptions about the data as much as possible&let the data (&computers) decide what fits best.
4. ♾➡️🔤🌐#Datascience identifies core characteristics of the data, summarized by what has been known as #characteristic values (#eigenvalues)
Read 6 tweets

Ayer la CIMPRA lanzó su Boletín 519 cobre "Cheques generados por Medios Electrónicos (#ECHEQ)".

Esto SÍ que será una #REVOLUCIÓN en los medios de pagos argentinos
(Va hilo c/mini detalles)
1/ El 01/10/2018 la Comunicación SINAP “A” 6578 del #BCRA impuso que el #ECHEQ no reemplazaría al físico, pero que entidades financieras debían habilitar "medios electrónicos para su libramiento, aval, circulación y presentación al cobro" en 180 días…
2/ Como todo era muy nuevo, pionero y complejo, la Comunicación SINAP “A” 6655 del 1/03/2019 luego pasó el deadline del 01 de abril de 2019 al 01 de julio de 2019.…
Read 8 tweets
🔴 #Software is eating the world, and it’s only the beginning

#ArtificialIntelligence #AI #MachineLearning #ML #FutureOfWork #Robots #Technology #Disruption

🔴 #Software is eating the world, and it’s only the beginning

#ArtificialIntelligence #AI #MachineLearning #ML #FutureOfWork #Robots #Technology #Disruption

Emerson, Lake & Palmer - From The Beginning (Live)

Read 11 tweets
London On Track To Become #Global #Fintech #Hub
by @thefintechtimes

🦄#Unicorn=a #firm with >$1 billion #market #capitalisation
🦄29 fintech unicorns worldwide
🦄9 in #SanFrancisco AND 7 in #London
2018 #income #growth increase:
💪£77.1m -> £177.6m #revenue
☝️2018 #job creation : 61% increase
☝️#Salary inflations for #IT pros: 6-8%

#ai #artificialintelligence #crypto
☝️#EU #venturecapital:
1. #London 39%
2. #Berlin 21%
3. #Paris 18%
4. #Stockholm 5%
5. #Barcelona 4%
6. #Amsterdam 4%
7. #Zurich 3%
8. #Copenhagen 2%
9. #Dublin 2%
Read 5 tweets
Stung by Big Fines, Big Banks Beef Up Money-Laundering Controls
By Yalman Onaran (Bloomberg)

The tech-race:
☝️New tech allow regulators better AML detection but then forces banks to use even better tech to detect before the regulators

Measures by HSBC
HR👉 HSBC quintupled the number of AML employees to 5,000 (2012-2016)
Tech👉upgraded its #Fintech #technology (#MachineLearning scanning transaction data)
Lobby&learn👉in 2016, hired Jennifer Calvery, the U.S. Treas.Dpt’s top #AML official who fined HSBC in 2012.
👉9 big banks paid a total of $20 billion (2012-2015) for lax AML controls
👉 clients evade taxes or violate U.S. sanctions
👉most of the settlements came with deferred-prosecution agreements and outside monitors
Read 7 tweets
0/ 🔷 Hi all! Got a fresh 14-part thread on all you should know from the crypto and blockchain space over the past 24 hours. Let's get into it.
1a/ ❌ Well, it's official. Crypto mining behemoth Bitmain has officially failed their attempt to IPO on HKEX; announcing today their September 2018 listing application "has reached its 6-month expiration date."…
1b/ 👔 Bitmain also confirmed other rumours that'd been circulating recently: that Haichao Wang has been promoted to CEO. Co-founders and (now) former co-CEOs Micree Zhan and Jihan Wu will continue on as directors, but will not be involved in Bitmain's day-to-day operations.
Read 17 tweets
I present Free Thoughts 🤔 on the Proceedings 💳 of the Continental 🇺🇸 Congress .

Heed not the rabble who scream revolution, they have not your interests at heart.

~Every eligable customer in the US has an iPhone...

#AppleCard #Fintech

 owns the 💰 end of the market. Almost every eligible customer has an iPhone. The “it looks like Monzo” crowd miss the point; nobody uses Monzo. We do, but in the real world ~nobody does. The 200m iPhone users in the USA have never experienced financial services like this.
 have a decent record of seeing stuff in the UX opportunity that most people miss; let’s give them the benefit of the doubt for a moment that (a) existing credit card UX universally SUCK so (b) incumbent *customers* don’t have the experiences to make UX value judgements.
Read 16 tweets
Woa, some MEGA advisor #FinTech news just out... @ENVintel is acquiring @MoneyGuidePro. For half a BILLION dollars of cash + stock...

The waves from this will be rippling across the entire industry...
From the strategic perspective, the @MoneyGuidePro deal makes a ton of sense for @ENVIntel. MGP has a massive client base, including a huge overlap with Envestnet's own broker-dealer enterprises. It lets Envestnet expand market share and wallet share where it already is.
It's somewhat awkward that Envestnet acquired FinanceLogix in 2015 and is now ALSO acquiring MoneyGuidePro. Based on Jud Bergman's comments at the recent #T32019 advisor #FinTech conference, he sees FinanceLogix as 'basic' planning and MGP filling in a middle tier.
Read 13 tweets
The biggest Canadian #crypto story is the downfall of one of Canada’s largest #cryptocurrency exchanges @QuadrigaCoinEx

The untangling of this case will set major legal precedents for Canada & influence regs & the future operations of #fintech & crypto firms

Highlights ⬇️
KEY @QuadrigaCoinEx STATS:

$250M total cash & #crypto owed to users
$180M missing #cryptocurrency 💸
$70M fiat owed to users; $25.7M frozen by @cibc & currently unbankable

115k users owed 💰
Largest user owed $70m 🐳

Sources: EY

EY appointed Court Monitor – will oversee QCX restructuring, investigate missing #crypto & secure funds/records

@QuadrigaCoinEx under CCAA creditor protection for 30 days (no one can sue for 30 days)

Motion to appoint representative counsel for creditors: Feb 14
Read 10 tweets
Here's a thread on banks becoming tech companies, vice versa and a few other permutations. #fintech #APIs #Banks
If banks start thinking of their C&I groups as B2B tech providers - including to their own retail/consumer banking units, the business case is there. They provide the tech infrastructure (via APIs) to companies creating great consumer experiences
Read 14 tweets
Open Banking Thread 1/15

CBPII, The Bastard Stepchild of Open Banking

#openbanking #fintech #cbpii #unicorn
So everyone knows about Account Information Service Providers (AISPs), like @getyolt and @emma_finance

And may be aware of Payment Initiation Service Providers (PISPs), firms that can make payments.

But there's another permission:
Card Based Payment Instrument Issuers (CBPII)
CBPIIs are a rare beast. I've actually never met one. According to @UKOpenBanking there aren't any in the UK, but recently i heard from @TheFCA that they do exist (But they couldn't give any details to protect the confidentiality) of the firm involved.
Read 15 tweets
0/ Surprise surprise, it's been another hot start to the week for the #crypto/#blockchain ecosystem. Encouraging to see!

Below is a 18-part thread I created to help you keep informed re industry news that broke over the past ~24 hours. Hope you enjoy it!
1/ 🌐 An ann. from Elliott Suthers (Comms. Director, @Coinbase) revealed that "high-volume @CoinbasePro and Prime customers in Asia and Europe [can now] use cross-border wire transfers to fund their Coinbase accounts."

Now *that* is progress!…
2/ 🙋🏻‍♂️ Staying with @Coinbase, news emerged that the top-tier #crypto exchange hired Quito Zuba as its Head of Market Operations last November.

Formerly, Quito spent over 6 years as the Global Head of Operations for @ThomsonReuters. Big get for Coinbase!
Read 20 tweets
2019 c'est d'abord notre anniversaire. 10 ans d'innovations aux côtés de nos clients.

Pour l'occasion on voulait prendre le temps de vous parler aujourd'hui avec nos 3 cofondateurs pour cette #DYDUKN19

C'est parti !
2018 a été un très belle année pour #dydu :

📈 Croissance à 2 chiffres
🗣 600M+ de conversations automatisées
📝 120 clients dans 16 pays en 10 langues
🛠 190 projets
👫 52 collaborateurs
🏆 6 awards

Au delà de ces beaux chiffres, #dydu c'est une belle aventure entreprenariale, à taille humaine mais avec de grandes ambitions

Read 21 tweets
Just landed in #Thailand & looking forward to speaking at the @AfiForum. At the event? Come say hello. #AFIF2019.
500+ of the world’s leading #investors & #FI will explore investment opportunities to foster inclusive financial markets across #AsiaPacific
#Davos #WEF19 or here at the Asia Financial Institutions Forum @AfiForum #AFIForum 2019 in #Bangkok: something to ponder this #MLKDay weekend & beyond. #microfinance #accessstocapital #fintech #finance #inequality
Read 20 tweets
I had it in mind to do a thread on the #Fintech and #epayment landscape in Nigeria since about 2 weeks now. I had extracted the data and even analysed them. But never got around to sharing them. Too many distractions. 😊 So this is a data dump. Let's analyse together.

Within the last 3 years there has been significant increase in epayments. For instance, the volume on NIPS (Nibss Instant Pay) went up by 372% from 154 Billion transactions in 2016 to 730 Billion in 2018. And value went up by 111%, from N38Trillion in 2016 to N80Trillion in 2018.
For POS transactions, the story is similar. Transaction volumes went up by 349% from 64 Billion in 2016 to 286 Billion in 2018. While in terms of values, it went up by 206% from N758 Billion in 2016 to N2.3 Trillion in 2018.
Read 21 tweets
0/ Strong finish to the week in the #cryptocurrency and #blockchain space. Partnerships, funding, mainnet/testnet launches, interviews; that's just some of it!

Below, a 23-part thread covering the latest from the budding #crypto industry over the past day or so. Enjoy!
1/ 🙋‍♂️#Crypto spot and futures trading platform @ErisX_Digital announced two additions to its board of directors: @EthereumJoseph (CEO & Founder, @ConsenSys; Co-Founder, #Ethereum) and #fintech entrepreneur, Chris Conde!
2/ 📢 @HelloICONworld [ $ICX ] published a write-up detailing their strategy to expand the #ICON public #blockchain ecosystem!

There's plenty planned for 1H19, including the launch of a DEX, DID #smartphone app, and Tokyo-based #dApp launchpad.…
Read 24 tweets
#ETNFacts : #Electroneum ranks pretty well against some of the top #cryptocurrencies in daily transaction volume as well as web traffic by unique users and global page views on Alexa. Take a look at the chart below.

#ETN #Stellar #BTC #LTC #dash #dgb #xlm #fintech #crypto #news
#ETNFacts : #Electroneum on Alexa ranks #3 in web traffic globally vs other top #cryptocurrencies. Web #Metrics is a strong indicator of popularity, usability & interest in a project. These are Certified Alexa stats which means bot traffic is omitted.

#ETN #crypto #Cryptonews
#ETNFacts: Many #Crypto Enthusiasts only look at #Github commits and categorize a projects' activity. #Electroneum is different in this regards as it is a #Fintech / #Blockchain Hybrid & has a lot of closed source code as well as it open source on GT. See Fact Below:

Read 6 tweets

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