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artificial intelligencecentral bank / CBDCregulation & complianceroboadvisorventure capital
·Oct. 5, 2020

Is Finance asking *interesting* questions? Exploring startups, industries, and the nature of work.

This week, we look at:

  • What it means to ask questions and find answers

  • From asking simple questions that result in neobanks and roboadvisors. Who will win — Schwab or Robinhood?

  • To asking macro questions about the finance / high-tech competition. Who will win — Goldman Sachs or Google?

  • To asking profound questions about the nature of the work, and the art of finding your own questions.

We can't formulate the questions for you. But we can give you a framework of needs for both the individual, and the organization.

The questions that you ask are the answers that you will get.

Read Full Story
big techIPO / SPACsuper appventure capital
·May. 13, 2019

What Uber’s IPO means for Fintech and Banks

The world is on fire with talk about Uber going public. First, let's talk about who makes money and when. It is becoming a truism that companies are going public much later in their vintage, and as a result, the capital that fuels their growth is private rather than public. The public markets are full of compliance costs, cash-flow oriented hedge fund managers, and passive index manufacturers -- not an environment for an Elon Musk-type to do their best work. Private markets, on the other hand, are generally more long term oriented with fewer protections for investors. This has a distributional impact. Private markets in the US are legally structured for the wealthy by definition and carve-out. As a retail investor, your just desserts are Betterment's index-led asset allocation. As an accredited investor, you get AngelList, SharePost and the rest. I am yet to see Uber on Crowdcube. Therefore, tech companies are generating inequality both through their functions (monopoly concentration through power laws, unemployment through automation), and their funding.

Read Full Story
big techdigital transformationgig economyIndianeobank
·Nov. 4, 2019

Understanding Uber Money and its threat to the financial industry

Uber has entered finance! The end is nigh! The boogeyman is here!

Oh. So what's involved? There's a debit card and a "debit account" powered by Green Dot, the same bank that's behind Apple Pay's person to person service. That means that Uber isn't a bank, but is renting shelf space on one. There's a wallet that will be integrated into the Uber app, within the driver's experience. So tracking your earnings and spending will be a feature that is part of the app -- not unlike what Amazon has had for years for merchants. There is a credit component, letting drivers withdraw money against their payckeck. And there's a Barclays credit card, private labeled for Uber, riding on the VISA rails.

Hear ye, hear ye, beware the disruption and tremble under its glory!

Read Full Story

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