Fintech Quotes

Freedom of Speech doesn't justify online bullying. Words have power, be careful how you use them.

Blockchain itself is not dangerous, but if we start using decentralized blockchain as a complete substitute for our traditional transaction methods, then I am afraid, it would destroy the very human foundation of our financial system.

Financial products should serve as tools that facilitate everyday financial situations. Banks

미국 등 선진국에서는 ‘핀테크(Fintech·금융+IT)’가 나날이 성장하는데 한국은 기술적 한계, 보안에 대한 우려 등으로 인해 갈길이 멀다는 지적이 잇따르고 있다.1일 금융권에 따르면 미국 애플의 모바일결제시스템 ‘애플페이(Apple Pay)’가 전 세계 750여개의 금융사와 협력해 서비스를 제공하고 있다.

FinTech in developed economies comes from a basis of innovation and adding value, while FinTech in developing economies is propelled by a critical need to address pain points, which are acutely felt in their respective economies.

And, finally, can they capture the tech-savvy youth and their expectations of a new paradigm of customer service?

But this doesn’t mean that there is incompatibility between regulation and rapid innovation: it is more of a disconnect, since both sides are there to serve customers’ needs and it is those customers, both corporate and consumer, who will make the choice. These

Clients over time paid the bill via higher management fees, as product manufacturers increased their management fees, and thus charged even higher distribution fees, since the fee level very often was expressed as a percentage of the management fee of the investment fund: a vicious circle decreasing the yield of the investor and increasing the profit of the industry.

Agustín Carstens of BIS acknowledged in June 2019: “There needs to be evidence for demand for central bank digital currencies and it is not clear that the demand is there yet. Perhaps people can do what they want by using electronic wallets provided by banks or fintech companies. It depends on the development of payment systems.

money is a process, not a thing, whose value derives from the dynamic, ever-changing, and often contested social relations that sustain its circulation

future systems that attend to their users’ needs offer opportunities that extend far beyond the rather limited current notions of faster payments and cheaper services.

Just as firms will continue to have some, albeit diminished, role to play in the economy, in the future we’ll also still use money, but in data-rich markets money will no longer play first violin. As a result, banks and other financial intermediaries will need to refocus their business models. And they are going to need to move quickly, as a new breed of data-driven financial technology companies, the so-called fintechs, are embracing data-rich markets and challenge the conventional financial services sector. It is easy to see how banking will be severely affected by the decline of money, but the implications are larger, and more profound. At least in part, the role of finance capital rests on the informational function it plays in the economy. But as data takes over from money, capital no longer provides as strong a signal of trust and confidence as it currently does, undermining the belief that capital equates with power that underlies the concept of finance capitalism. Data-richness enables us to disentangle markets and finance capital by furthering the one while depreciating the other. We are about to witness both the rather immediate reconfiguration of the banking and finance sector, and the later but more profound curbing of the role of money, shifting our economy from finance to data capitalism.

The most significant impact of decentralized finance is the inclusiveness it brings to the people by providing global access to the financial services that were once only available to the wealthier population. This innovative technology powered by FinTech can be used by anyone who has an internet connection and a smartphone. For example, a stockbroker at a top financial firm in the US or a farmer in a remote region in Asia will have the same access to financial services. Barriers such as wealth to invest and proximity to functioning economies, and lack of documentation would diminish.

What does the word “checking” mean? It means an account on which you can write checks. I know this is America and we’re 25 years behind on fintech. The rest of the world doesn’t do checks, I guarantee you. What is a check? A check is the device by which a grandma can make 20 people in line behind her in the supermarket simultaneously groan. I use it to pay my rent every month. I don’t know why. I can’t do it any other way. It’s insane that I’m signing a piece of paper and sending it through the postal system in 2015. So that my landlord can walk it through the bank and deposit it. So that it might clear three to five business days later, after they’ve charged him five dollars to own his own money.

What is more, by being able to call upon a truly global contributor base, we not only stayed true to the spirit of FinTech, making use of technological channels of communication in reaching out to, selecting, and reviewing our would-be contributors, we also made sure that every corner of the globe had the chance to have its say. Thus, we aimed to fulfil one of the most important purposes of The FinTech Book, namely to give a voice to those that would remain unheard, those that did not belong to a true FinTech community in their local areas, and spread that voice to an international audience. We

Thought Leadership “The Keys To Success” Book by Jim Rohn “The challenge of leadership is to be strong, but not rude; be kind, but not weak; be bold, but not bully; be thoughtful, but not lazy; be humble, but not timid; be proud, but not arrogant; have humor, but without folly.” - Jim Rohn (Entrepreneur) #smitanairjain #leadership #womenintech #thoughtleaders #tedxspeaker #technology #tech #success #strategy #startuplife #startupbusiness #startup #mentor #leaders #itmanagement #itleaders #innovation #informationtechnology #influencers #Influencer #hightech #fintechinfluencer #fintech #entrepreneurship #entrepreneurs #economy #economics #development #businessintelligence #business

Thought Leadership “Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future” Book by Ashlee Vance “Take risks now and do something bold. You won’t regret it.” - Elon Musk (CEO of SpaceX and Tesla) #smitanairjain #leadership #womenintech #thoughtleaders #tedxspeaker #technology #tech #success #strategy #startuplife #startupbusiness #startup #mentor #leaders #itmanagement #itleaders #innovation #informationtechnology #influencers #Influencer #hightech #fintechinfluencer #fintech #entrepreneurship #entrepreneurs #economy #economics #development #businessintelligence #business

Reading: “Onward: How Starbucks Fought for Its Life Without Losing Its Soul” Book by Howard Schultz “When you’re surrounded by people who share a passionate commitment around a common purpose, anything is possible.” Howard Schultz, Executive Chairman of Starbucks #smitanairjain #leadership #womenintech #thoughtleaders #tedxspeaker #technology #tech #success #strategy #startuplife #startupbusiness #startup #mentor #leaders #itmanagement #itleaders #innovation #informationtechnology #influencers #Influencer #hightech #fintechinfluencer #fintech #entrepreneurship #entrepreneurs #economy #economics #development #businessintelligence #business

El comunicado, fechado en enero de 2016, destaca que “Las monedas virtuales y su tecnología pueden proporcionar servicios financieros más rápidos y baratos y pueden convertirse en una herramienta poderosa para profundizar en la inclusión financiera en un mundo en desarrollo”. Para muchos es el momento del paso de Bitcoin a la edad adulta tras seis años y medio envuelto en irregularidades y algunos fraudes. Incluso el fundador - desaparecido, al que no se le pone cara e incluso se duda del nombre- de la moneda virtual ha sido presentado a las nominaciones al Nobel de Economía 2016. Lo

Actualmente la Banca apuesta por la tecnología Blockchain. BBVA participa en el grupo de bancos internacionales para explorar las posibilidades de dicha tecnología en su negocio y han confiado a una startup americana R3 el desarrollo de aplicaciones utilizando esta tecnología en el sector financiero. Un proyecto que incluye actualmente unos 30 bancos globales, entre los que están BBVA (que estuvo entre los fundadores en septiembre de este año), Bank of America, Barclays, Goldman Sachs, HSBC, JP Morgan, Morgan Stanley, Société Générale, BNP Paribas, Canadian Imperial Bank of Commerce, ING, Commerzbank, UBS…. También, a principios de 2015, BBVA invertía en la cartera virtual de criptomonedas más grande del mundo, Coinbase, que cuenta con un servicio de intercambio que permite a los usuarios comprar y vender bitcoin al instante.

Thought Leadership “The Downing Street Years” Book by Margaret Thatcher “I have a habit of comparing the phraseology of communiques . . . noting a certain similarity of words, a certain similarity of optimism . . . and a certain similarity in the lack of practical results during the ensuring years.” Margaret Thatcher Author Former British Prime Minister #smitanairjain #leadership #womenintech #thoughtleaders #tedxspeaker #technology #tech #success #strategy #startuplife #startupbusiness #startup #mentor #leaders #itmanagement #itleaders #innovation #informationtechnology #influencers #Influencer #hightech #fintechinfluencer #fintech #entrepreneurship #entrepreneurs #economy #economics #development #businessintelligence #business

Thought Leadership “The new economics for industry, government, education” Book by W. Edwards Deming “In God we trust. All others must bring data.” William Edwards Deming, Statistician, Professor and Author #smitanairjain #leadership #womenintech #thoughtleaders #tedxspeaker #technology #tech #success #strategy #startuplife #startupbusiness #startup #mentor #leaders #itmanagement #itleaders #innovation #informationtechnology #influencers #Influencer #hightech #fintechinfluencer #fintech #entrepreneurship #entrepreneurs #economy #economics #development #businessintelligence #business

This is the reality in just 15 years: we will no longer talk about computers, the internet, digital, mobile or suchlike, as it’s now just part of life. You won’t think about Googling something, you will just think the question and the answer will materialise in your head. You won’t consciously separate life and technology, as the technology will have now become a part of you. That

AlphaPoint Completes Blockchain Trial Together with Scotiabank AlphaPoint, a fintech company, devoted to blockchain technological innovation, has accomplished a successful proof technology together with Scotiabank, a major international bank based in Barcelone, Canada. From the trial, Scotiabank sought to learn and examine how the AlphaPoint Distributed Journal Platform could be leveraged inside across a selection of use situations. When questioned if AlphaPoint and Scotiabank intended to further build this job, Igor Telyatnikov, president and also COO regarding AlphaPoint, advised Bitcoin Journal that he was not able to comment especially on the subsequent steps in the particular Scotiabank-AlphaPoint effort. He performed, however, suggest that AlphaPoint is about to reveal several additional media shortly. “We have a couple of other significant announcements that is to be announced inside the coming calendar month, including a generation launch using a systemically crucial financial institution, ” said Telyatnikov. “2017 will be shaping around be an unbelievable year for that distributed journal technology market as a whole and then for AlphaPoint also. ” Within the multi-month venture, trade studies were published upon deployment of the AlphaPoint Distributed Journal Platform, which usually ran concurrently on Microsoft’s Azure impair and AlphaPoint hardware. Inside real-time, typically the blockchain community converted FIXML messages to be able to smart deals and produced an immutable “single truth” across the complete network. The particular Financial Details eXchange (FIX) is a sector protocol used for communicating stock options information inside specific digital messages. Including information about getting rates, market info and buy and sell orders. Using trillions involving dollars bought and sold annually around the Nasdaq only, financial providers entities are usually investing seriously in maximizing electronic buying and selling to increase their particular speed monetary markets and decrease costs. Blockchain technology may help them help save $8-12 million per annum, which includes savings up to 70 percent throughout reporting, 50 % in post-trade and 50 % in consent, according to a report by Accenture and McLagan.

Money for nothing

white rabbit; (4) take a piggy-back ride; (5) seed the ground; (6)

Consider that, since 2005, the online platform Kiva has already been crowdfunding micro loans to entrepreneurs in many developing countries around the world. By early 2021, it had arranged about $1.5 billion in loans from nearly two million lenders (who can put up as little as $25) to about four million borrowers in seventy-seven countries. The total value of loans is small, but Kiva’s screening and monitoring technologies are not automated and seem antiquated compared with those of newer Fintech lending platforms, which have far greater potential for such matching of borrowers and lenders.

In early 2001, a fintech startup offered the following idea.2 Instead of individual corporations querying various banks to get the best rate, why not have an electronic system match the buyers and sellers directly at an agreed upon price and no spread? Indeed, the bank could offer this service to its own customers and collect a modest fee (compared with the spread). Furthermore, given that some customers deal with multiple banks, it would be possible to connect customers at all banks participating in the peer-to-peer network. You can imagine the reception.

Gosto muito de um trecho do livro Arriscando a própria pele: assimetrias ocultas no cotidiano (Objetiva, 2018), do autor libanês naturalizado americano Nassim Nicholas Taleb, que diz: “Não me fale sobre sua opinião, me mostre o que você tem comprado”. Taleb diz que boa parte dos gestores de investimentos acaba vendendo produtos que não consomem pelo simples fato de, com eles, receberem melhores comissões. Essa dinâmica faz com que o risco fique somente com o investidor e não com o gestor. Na lógica de Taleb, se todos estivessem “arriscando a própria pele”, provavelmente, a relação entre as partes seria diferente e mais equilibrada.

Não sou contra remunerar bem quem faz um bom trabalho, pelo contrário, acredito que quem faz um bom trabalho, assumindo riscos e arriscando a própria pele, deve ganhar muito bem por isso. O problema é quando as taxas de administração do investimento são altas e o seu retorno fica aquém do esperado. E existem vários exemplos de produtos nessa linha, desde fundos passivos, que seguem índices e cobram altas taxas de administração e performance, até consórcios ou outros produtos bancarizados, que embutem altíssimas taxas sobre o investimento.

Para Taleb, tanto o investidor quanto os profissionais do mercado financeiro precisam estar preparados para qualquer evento que venha a ocorrer, pois os cisnes negros – os imprevisíveis − fazem parte do jogo. Mas você pode estar se perguntando: “É realmente possível se preparar para o imprevisível?”. A resposta é: sim! Você pode diversificar a sua carteira e usar a estratégia da antifragilidade.

Todo o esforço para se organizar financeiramente, entender o mercado financeiro, proteger o patrimônio e gerar riqueza tem um objetivo muito claro: a sua independência financeira, uma meta que todos nós deveríamos levar a sério. Essa ideia é muito individual: depende do estilo de vida de cada um e dos projetos pessoais. Pode ser a chance de viajar, comprar um imóvel ou ter dinheiro suficiente para não precisar trabalhar mais e poder se dedicar a uma atividade mais prazerosa.167 Independentemente de projeto ou meta, o conceito está ligado à nossa liberdade de viver a vida como sonhamos.

Smart Contracts What Is A Smart Contract? Complete Guide To Tech And Code That Is About To Transform The Economy-Blockchain, Web3.0, DApps, DAOs, DEFI, Crypto, IoTs, FinTech, Digital Assets Trading By Patrick Ejeke You also might be interested in my BEST SELLER, “METAVERSE” Click the links below… Grab A Free PDF Version OR Get it on Amazon © Text Copyright  Patrick Ejeke 2022 - All Rights Reserved All rights reserved. No part of this guide may be reproduced in any form without permission in writing from the

Table Of Contents Introduction The Problem With Contracts The Smart Solution Distinctive Properties What You Need to Know What Is A Smart Contract? Blockchain and Smart Contracts Vitalik Buterin On Smart Contracts Digital and Real-World Applications How Smart Contracts Work Smart Contracts' Historical Background A definition of Smart Contracts The promise What Do All Smart Contracts Have in Common? Elements Of Smart Contracts Characteristics of Smart Contracts Capabilities of Smart Contracts Life Cycle Of A Smart Contract Why Are Smart Contracts Important? How Do Smart Contracts Work? What Does Smart Contract Code Look Like In Practice? The Structure of a Smart Contract Interaction with Traditional Text Agreements Are Smart Contracts Enforceable? Challenges With the Widespread Adoption of Smart Contracts Non-Technical Parties: How Can They Negotiate, Draft, and Adjudicate Smart Contracts? Smart Contracts and the Reliance on “Off-chain” Resources What is the "Final" Agreement Reached by the Parties? The Automated Nature of Smart Contracts Are Smart Contracts Reversible? Smart Contract Modification and Termination The Difficulties of Integrating Specified Ambiguity Into Smart Contracts Do Smart Contracts Really Guarantee Payment? Allocation of Risk for Attacks and Failures Governing Law and Location Best Practices for Smart Contracts Types Of Smart Contracts A Technical Example of a Smart Contract Smart Contract Use-Cases Smart Contracts in Action Smart Contracts and Blockchains In the Automobile Industry Smart Contracts and Blockchains in Finance Smart Contracts and Blockchains In Governments Smart Contracts And Blockchains In Business Management Smart Contracts and Blockchains in Initial Coin Offerings (ICOs) Smart Contracts and Blockchains In Rights Management (Tokens) Smart Contracts And Blockchains In NFTs - Gaming Technology Smart Contracts and Blockchains in the Legal Industry Smart contracts and Blockchains in Real Estate Smart Contracts and Blockchains in Corporate Structures - Building DAOs Smart Contracts and Blockchains in Emerging Technology Smart Contracts and Blockchains In Insurance Companies Smart Contracts and Blockchains in Finance Smart Contracts And Blockchains In Powering DEFI Smart Contracts  and Blockchains In Healthcare Smart Contracts and Blockchains In Other Industries What Smart Contracts Can Give You How Are Smart Contracts Created? Make Your Very Own Smart Contract! Are Smart Contracts Secure?

In many countries, customers are charged no explicit transaction fees, as payers or payees. The FSP in these cases is recouping costs, and possibly making a profit, from related service fees or revenue sources such as account balances. The most typical, and most lucrative, of these “adjacencies” is lending: account balances (arguably there because of incoming and outgoing payments) are used by the bank to lend money, profitably, to other customers.

fourth epoch, driven by technological advances such as cognitive computing. Whereas the previous eras developed efficiencies in an established process, the technologies available or in development today enable us fundamentally to rethink the process. Rather than simply replicating the established methods of managing wealth, they offer an opportunity to augment these in new ways. We are at a point where advances in computing power and lower computing costs enable us to apply artificial intelligence, machine learning, natural language processing, neural networks and a host of other tools to everyday tasks. The opportunities for wealth management are genuinely epoch-making.

E-commerce growth will spill over to online finance and fintech, disrupting the banks With so many customers in Southeast Asia who don’t use banks, one of the major opportunities will be e-commerce’s growth into financial technology

the IBM Surveillance Insight for Financial Services dashboard is a “cognitive surveillance engine” that uses the power of Watson (yes, the Jeopardy-playing computer) to take in and piece together unstructured data, such as employee email, as well as structured data, such as trade transactions, to create a thorough surveillance system that can alert flesh-and-blood compliance personnel to potential issues.

Thomas Lindberg is a versatile blogger who captivates readers with his insightful articles on Medium. With a diverse range of interests, Thomas delves into various topics, providing readers with a wealth of knowledge and thought-provoking perspectives. Whether he's exploring the latest advancements in FinTech, reviewing a product, or uncovering hidden investment opportunities, Thomas Lindberg's blog posts are a must-read for anyone seeking engaging and well-informed content.

The thing that all these businesses [Amazon, Facebook and Google] have in common is they are disruptors. The foundations of their businesses are not unique. They have identified a problem that a large number of people were experiencing with an existing business or service and then found a way to make it more accessible / fast / cheap / efficient. If they pitch it right, in a short space of time, the disruptors become successful enough to replace, or at least displace, the conventional product or service in the sector they've made their own.

Other fintechs followed similar trajectories, growing slowly until an economy of scale led them to grow, very suddenly, into ubiquity. Because fintechs mostly focus on smaller dollar amounts than the big banks, scale matters. A wealth manager who only deals with high-net-worth individuals may consider everyone else “lobby trash,” but as wealth consolidates among fewer and fewer people, the wealth manager’s potential client base keeps shrinking. Meanwhile, the fintechs have earned the loyalty of all the “lobby trash.” When three hundred or three thousand individuals withdraw their savings from their bank and move their money into Betterment or Acorns or Chime, the amount is an insignificant percentage of a bank’s holdings; the bank doesn’t notice or especially care.

If banks fail to learn the right lessons from fintech, Silicon Valley will almost certainly come to eat their lunch. “The writing is on the wall,” said Adam Dell. “There’s no one in these banks who doesn’t know that they’re fleecing the consumer and delivering very little value.

Who will learn the best lessons from the past decade’s fintech revolution? The innovations in financial services haven’t just been a consequence of the iPhone and the App Store, of high-speed downloads and always-online connections. They have also been a consequence of new kinds of thinking—thinking that prioritizes transparency, democratization of access, a frictionless and customer-centric user experience, and an evolving understanding of the role of a brand in that experience. There is no going back. What remains to be seen is, who will lead us forward?

Confluencr is the largest influencer marketing agency in India with a network of content creators across social media platforms, in 16+ countries. We have served international and national clients across FinTech, Consumer Tech, and other genres. Our propriety in-house solutions and content-driven influencer strategies have propelled successful campaigns for 100+ brands.

Confluencr is the best youtube influencer marketing agency in India with a network of content creators across social media platforms, in 16+ countries. We have served international and national clients across FinTech, Consumer Tech, and other genres. Our propriety in-house solutions and content-driven influencer strategies have propelled successful campaigns for 100+ brands.

Estas son las principales razones de la necesidad de gestionar más eficientemente el capital, y es la causa de que muchas startups provenientes del Fintech (financial + technology) se hayan adentrado en el ámbito inmobiliario, con el objetivo de mejorar la comunicación en la demanda de capitales del sector y democratizar el acceso a la inversión inmobiliaria.

Fintech e Insurtech (empresas de tecnología centradas en la industria del seguro).

The usage of APIs is seen as a key enabler in improving the quality of the products offered, as well as increasing competition in banking.

RBS is investing tens of millions of pounds in Bó, which is positioned firmly in the personal banking space and aims to compete head-on with the likes of Monzo, a three-year-old digital bank which already has over a million customers. Named after the Danish word for ‘to stay’, Bó aims to help customers manage their finances better, for example by alerting them to better deals from utility companies. RBS reportedly intends to shift around 1 million of its roughly 17 million UK retail customers onto the Bó platform after the launch, believing such cannibalisation is preferable to losing customers to rival fintech brands.