Discover and read the best of Twitter Threads about #Fintech

Most recents (24)

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 ⬇️
1/
KEY @QuadrigaCoinEx STATS:

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

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

Sources: EY ey.com/ca/quadriga
2/
THE LATEST:

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
3/
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! blog.coinbase.com/announcing-new…
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

#DYDUKN19"
Au delà de ces beaux chiffres, #dydu c'est une belle aventure entreprenariale, à taille humaine mais avec de grandes ambitions

#DYDUKN19
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
afiforum.com
#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.

A THREAD!
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. medium.com/helloiconworld…
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:

#ETN #BTC
Read 6 tweets
Money! It's serious stuff. It had its own programme on BBC2. But what is it? Where does it come from? And does it make us happy?

Let's take a look...
#MondayMotivation #Fintech
Money is just a token, like a Panini football sticker. In itself it has no intrinsic worth. However it is desirable because, well, football!

Initially the value of all stickers is the same, because there's an abundant supply...
However as you fill up your Panini album the value of your existing stickers drops and he value of your missing ones rises. This is due to scarcity: the laws of supply and demand starts to determine worth and value, rather than number of completed passed or shots on target.
Read 17 tweets
0/ A massive 24 hours in the world of #crypto and #blockchain.

To help you stay on top of it all, I've put together this thread. Just doing my bit to make your day a bit easier!
1/ 👾 @TRONFoundation [ $TRX ] revealed it will be establishing a #blockchain game fund dubbed #TRONArcade. Up to $100M committed for use over the next 3 years!

Click through to learn more about #TRON's plans to build out the blockchain game ecosystem. medium.com/tron-foundatio…
2/ 🧸 U.K.-based @CryptoKaijuIO, a startup offering designer vinyl toys that are traceable on the #Ethereum #blockchain as an NFT, has officially launched.

The first kaiju, Genesis, is now selling for $55. Check it out! cryptokaiju.io/product/genesi…
Read 24 tweets
0/ The stream of #crypto- and #blockchain-related news knows no end!

To help you stay on top of all that's been happening over the past 24 hours, I've put together this 22-part thread.
1/ ☁️ @helloiconworld [ $ICX ] launched 'ICON Development Network' on #Amazon's AWS Marketplace, allowing developers to easily run a private instance of the ICON #blockchain network through @awscloud.

Makes building on #ICON far more convenient. medium.com/helloiconworld…
2/ ✍️ @_PoetProject [ $POE ] - a decentralized protocol for content ownership, discovery and monetization in media - is now live on the #bitcoin #mainnet!

Partnership announcements and product updates in the coming weeks. Growing strong! blog.po.et/the-better-web…
Read 23 tweets
I'm at a crypto event with reps from the Bank of England, HM Treasury, FCA, Ripple, and Prime Factor Capital. You think crypto is going away? These people are discussing how to implement it now. #crypto #bitcoin @ripple @bankofengland @TheFCA @hmtreasury
One study shows 43% of investors (mostly asset managers) are invested in crypto. 33% of transactions were in the OTC market. #crypto #investors
Almost all panelists refer to "crypto assets" not cryptocurrencies #cryptoassets #crypto
Read 6 tweets
En el aprendizaje supervisado, las máquinas entienden la causalidad entre un X y un Y. Pero ¿deberíamos confiarles un diagnostico médico? Las máquinas se equivocan todo el tiempo...pero también los doctores.
Es difícil ponerle un valor a los errores que pueda tener el IA en su estado actual. Pero suponemos que es demasiado alto, por eso, en la industria médica el IA sólo ayuda haciendo un 'ranking' que después los médicos revisan.
Pero si vemos ejemplos de la industria financiera, se ha comprobado que los humanos somos pésimos invirtiendo. ¿Porqué le tenemos miedo a los autos autónomos cuando los humanos causamos tantísimos accidentes fatales?
Read 11 tweets
0/ Another doozy of a thread for you!

The past ~24hrs saw a great many #blockchain projects share development updates and partnership news. Amid this, the #crypto space was ripe with discussion on several topics.

On what, exactly? Well that's for you to find out 😉
1/ 🇺🇸 @AugurProject [ $REP ] - yeah, that #Ethereum-powered decentralized prediction market everyone wrote off post-#mainnet as quickly as @Novogratz revises a #bitcoin price forecast (😘) - well the #USmidterms have seemingly awoken punters from far and wide. Those numbers!
2/ 🔎 @adam3us's leading #bitcoin and #blockchain technology firm @Blockstream announced its new block explorer, blockstream.info.

Now, users can search and view specific data published in real-time to the Bitcoin #blockchain, Bitcoin #testnet and Liquid #sidechain. Neat!
Read 30 tweets
0/ Such a full-on 24 hours for the #crypto/#blockchain space! When is it not?

Too much to take in? Fear not, I've got you covered, and have put together a thread of 24 events - one for each hour? (🤷‍♂️) - that caught my eye. Let's go!
1/ 🤝 @FantomFDN [ $FTM ] partnered with @Danfoss, a multi-billion-dollar #energy/#IoT manufacturer & service provider.

The Denmark-headquartered company will work w/ #Fantom to "explore the possibilities of accelerating the development of the microgrid." medium.com/fantomfoundati…
2/ 🆕 The @AERGO_io team published the mother of all blog posts. And why not! For it unveiled both the AERGO Chain Alpha & the AERGO pre-testnet.

Click through for more on their consensus algorithm (i.e., BFT-dPOS), Client SDK, and what's next for #AERGO. medium.com/aergo/releasin…
Read 25 tweets
1. I’ve been thinking a long time about how #ecommerce, #fintech, #blockchain etc. can solve real problems in the developing world. I think I’m close to being able to formulate a theory.
2. As with many other things to understand the developing world we have to back to the book the Mystery if Capital by @ReadingSignals goodreads.com/book/show/8615…
3. Most Developed world fintech sits on top of a trusted centralized society built on governments, banks and other institutions that mostly work.
Read 15 tweets
#Bitcoin is bigger than all the companies that try to capitalise on its #blockchain #technology.

#Bitcoin + #IoT + #DeepLearning will transform the global political & financial system without permission.

#blockchain #LightningNetwork #fintech #blockchain #disruptiveinnovation
#Decentralisation will take time.

#Bitcoin is decentralised although still attached to a centralised world.

⚠️ This is the alpha.
⚠️ #LightningNetwork is the beta.
If you want to change society you need to change the social paradigm, or offer an incentive greater than money to discourage greed. #bitcoin #LightningNetwork ⚡️
Read 10 tweets
Thread: FinancialServices Access
This has been a persistent subject as a market opportunity since I started at @MasterCard in 2001. Then @Citi & @AmericanExpress. Legacy financial services & #payments #technology were simply insufficient to service those markets economically.
1/5
Recently, companies like mPesa (Africa) showed that this can be done. Especially, in countries where you're building a completely new infrastructure, not relying on (or mandated to integrate with) legacy payment systems. Those carry onerous compliance & processing costs.
2/5
With almost full smartphone saturation, some #fintech players like Simple, even @Square's Cash & @Paypal's @Venmo apps, are able to get to more people. Others like Green Dot prepaid & payday lenders go deeper into servicing this population, but at controversially high fees.
3/5
Read 5 tweets
If #ETN #Electroneum @electroneum #ETN242 $ETN was a #startup I will definitely put all my money to them like I made during the #ICO stage:
BCS i see the potential with this hybrid model #fintech & #blockchain #company & like the potential with the GROWTH we have #instantpayment
2/3 We have integration to #WooCommerce & #magento and we are searching more clever people #developers who help us with integration to more #webshops #eshops with other #plugins so if you want to earn money accept as as #payment option like #vendor or check our #hackerone program
3/3 For #developers #PHP experts are there links you can be rewarded if you help us with #security #hacks #problems #fix some #issue GO
1 hackerone.com/electroneum
2 Plugins needed for #eCommerce #Opencart #WIX #prestashop #omnipay #jigoshop #drupal THX lot community.electroneum.com/t/instant-paym…
Read 4 tweets
1/n: LENDING (business) IS NOT A FEATURE.

And yes, distribution of lending/credit products is a ‘feature’ in some platforms/products.

Lending (CREDIT) is a business with many complex moving parts.

#long #fintech #thread #lending
2/n: In fact “Lending (Credit) is older than money and FinTech.” (medium.com/@gaurav.sharma…)

There’re lot of tweets (within the FinTech community in India) about Whether 'lending is a feature' or not? So, let’s unpack that a bit..
3/n: True definition of Lender = Lending Money from own balance-sheet (i.e. skin in the game). The primary revenue here is Interest Income (Net Revenue from Funds), and margins computed basis NIM (Net Interest Margin) and COF (Cost of Funds).
Read 24 tweets
Spent an evening discussing #Fintech in general and Chinese mobile payments in particular. Fascinating subject. This piece covers it in detail: knowledge.wharton.upenn.edu/article/how-wi….
Some excerpts:
- Mobile payments went from 1.2 trillion yuan in 2013 to to 58.8 in 2016.
- Alibaba and Tencent hold a combined market share of 92%.
- Alibaba accounts for >70% of all e-commerce transactions in China.
- Mobile penetration in China is 97%, of which 58% own smartphones.
- According to a 2016 survey, 98% of Chinese had used mobile payments, vs 6% in Japan and the US.
- In 2017 Alipay had about 800 million users in Asia (520 in China).
Read 5 tweets
It's #YorkshireDay! Yes it is. What better way to celebrate than a MASSIVE thread that I'm calling the 'Entirely-anecdotal-Kane-Fulton-#Yorkshire-Startup-Tech-Power-List-100!' These talented folk have been a joy to work with and are doing awesome things in our county. Let's go!
100. @officialtaras Taras Lanchev - An absolute startup champion who has overseen Startup Weekend in Leeds, exited his cryto tee shirt business Cryto Daddy and is now working on a meeting scheduling app called Focus.
99. @GlobalDigitalWK Global Digital Week's James Munn. Former president of Leeds @UniversityLeeds Enterprise Society, James helps out by mentoring at events such as Startup Weekend, has exited his own startups and gets involved in superb initiatives such as the current Pitch Pot.
Read 105 tweets
Malaysia menjemput lebih ramai pemain untuk mengambil bahagian dalam #p2p #lending dan #crowdfunding ekosistem mereka #fintech #banking #SMEs
Kemas kini: Kami telah dimaklumkan oleh Suruhanjaya Sekuriti bahawa terdapat lesen tambahan telah diberikan untuk Equity Crowdfunding kepada Funnel Technologies Sdn Bhd, menjadikan jumlah pemain ECF 7 di Malaysia.
Senarai Market Operators berdaftar dengan Suruhanjaya Sekuriti

Umum

1 Bay Supply Chain Technology Sdn Bhd
2 Bursa Malaysia Bonds Sdn Bhd
3 Citibank Berhad
Read 5 tweets

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