In this weeks issue:
- Treasure found on the Rock
- Multinational fintech
- Lean startup vs business plan
- Blockchain rule of law
- The Dai is cast in Argentina
- Some long reads from McKinsey, Stanford and the 2019 Global Fintech Report.
- Some news…
- And a new ambassador
Treasure found on the Rock: Canada’s biggest funding round has found a target, and it’s well outside the traditional epicenters of Vancouver, Toronto/Waterloo, and Montreal. Newfoundlands Verafin has secured $515 million in financing. So what type of problem attracts this kind of investment? Cloud based AI software targeting financial crime, fraud, money laundering for financial institutions. High fives - well done!
Multinational fintech: Harinder Takhar talks Paytm and the way they app-roached global expansion. Note the laser focus on solving individual problems in new markets which often differ from existing operations. Find out how a company with 130 billion in annual transaction volume thinks.
Lean startup vs business plan: Fintechs have been looking at the services they provide a little differently than the incumbents. They start by understanding the customer and build towards individual experiences. Without legacy infrastructure, large bureaucracies and a dogs’ breakfast of products,
fintechs that succeed start simple and stay laser focused on the customerBlockchain rule of law: In the land of social credits, a new opportunity is brewing. China’s President Xi has declared that China needs to seize the opportunities provided by blockchain technology. So one might be inclined to ask,
did he mean the identity protected, decentralized, peer to peer blockchain, or the “other kind.”The Dai is cast in Argentina: There’s a lot of stuff we take for granted in western economies. Ya, there’s some “money printing”, a few irrational policy mistakes but generally speaking we have first world problems. Now imagine you live and work in a country that has defaulted on their debt several times. How about 6 times since the 1970’s. This
video might foreshadow the solution for the Argentine economy. This is however creating opportunity for companies like
Ledn who are
bridging the BTC-DeFi divide in Latin America.
Research:
Mckinsey: Banks must act now or risk becoming a 'footnote'...is this the last pit stop? Time for bold late-cycle moves report. Or looking to scale your impact as CEO?
Here's a framework to master the The mindsets and 18 practices of excellent CEOs
Stanford Report: Blockchain for Social Impact
Global Fintech Report 2019: Crossing the lines:How fintech is propelling FS and TMT firms out of their lanes
News:
- OSC LaunchPad approves TokenGX (Tokenfunder) for Secondary Trading of Digital Securities
- MindBridge announces collaboration with the Bank of Canada on AI and payment transactions
- Luge Capital Grows to $85M, Adding iA Financial Group and BDC Capital as New Investors
New NCFA Ambassador:
Cynthia Huang, CEO of Altcoin Fantasy and Airhosts Forum Joins NCFA’s Ambassador Program
Featured industry partner of the week: