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Discover and read the best of Twitter Threads about #fintech

Most recents (12)
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
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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
1/2 #Fintech mafia at work - @oxigenwallet bal vanished. No SMS/email intimation. Initially they denied that I even have an a/c tho I can log in! Even tnx history has vanished. Luckily have old screenshot of tnx history. Now forcing #Aadhaar KYC even to take a complaint
#NoBrand
2/2 Note that @OxigenCare doesn't accept any other doc for KYC. No response from them upon telling them I don't have Aadhaar & KYC cant be mandatory for utilizing existing bal
@just_outspoken @Stupidosaur @suchetadalal @Consumer2Court @thebharatseva @ConsumrConxion
Read 3 tweets
1/ Which is the world's most valuable #unicorn ?

A: Uber
B: Airbnb
C: SpaceX
D: Ummm ... none of the above

Read on ...

#valuation #privatecompanies #mobilepayments #fintech #ecommerce #strategy #startup #founders #entrepreneur sam33r.com/home/alipay
2/ At $150bn valuation @AntFinancial Services Group, which was spun out from #Alibaba in 2014, and one which owns China’s biggest payments app, #Alipay, is the biggest #unicorn in the world.
3/ Drivers of Ant Financial's $150bn valuation:

1: Size of #mobilepayments market in #China : ($13 trillion - 61.8% transactions globally)
2: Growth
3: 700 MM smartphone users
4: 76% of of those made a mobile PoS purchase in 2017
5: Penetration: street vendors accept m-payments
Read 5 tweets
The #AI task force for Economic Transformation in #India (set up by the Government’s Ministry of Commerce and Industry) released its report last month. Some background (B) and key takeaways (T). 1/n
B1. The vision guiding this report is “AI as a socio economic problem solver at large scale rather than only a booster of economic growth”. 2/n
B2. It seeks to address the role of the Government in the field, answer how #AI can improve quality of life, and identify sectors for AI growth. 3/n
Read 24 tweets
With decentralised exchanges now all the rage we have to learn the lessons of centralised exchanges

1) user experience has to be better
2) performance has to be better
3) don't fight the law

Expanded below...
1) User experience is just awful on most centralised exchanges. There's no excuse for bad human centric design in 2018.

Who is the customer? What does crypto mean in their life? What job are they trying to get done?

Learn from the best in #fintech
2) Performance

I'm not sure how a Dapp can perform better than a centralised system but the big exchanges are SO bad it's not a high bar to leap over...

@0xProject gives me hope, but the proof is in the testing

Web scale performance remains illusive in decentraland
Read 4 tweets
Oh the geezers are hard at it grafting media, it's always great to have easy scapegoats "North Korean cyber gangs.." a.msn.com/01/en-ie/AAt9g…
2/"Mr Murphy’s firm was the first in the world to liaise with computer giant IBM over the use of the super-computer ‘Watson’ for real-time--
3/artificial intelligence-based defence against cyber criminals." Bear with me, I'm about to post a few more links in #THREAD #CyberSecurity
Read 71 tweets
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