TLDR: we are experiencing mass civil disobedience on financial regulation, which is very unusual, but not innovative.
Every generation has taken old ideas and dressed them up in new language. Lowering cost by circumventing regulation is an age-old strategy.
Some crypto players don't want to comply -- that's fine for them.
Apr 24, 2021 • 10 tweets • 3 min read
1/ @ChrisOdinet and I published an essay in @protocol arguing that the @CFPB must go beyond access and give consumers CONTROL of their financial data. protocol.com/cfpb-rule-cons…2/ For years, fintechs and banks have been in a battle over access and control of consumer financial data, but an uneasy détente between banks, fintechs, and aggregators has mostly given fintech consumers the illusion of control.
Apr 14, 2021 • 20 tweets • 7 min read
1/ What about government? #OpenBanking#CBDC? Final of 7 essays w/ @NateSoffio is here qedvc.com/APIsPart7 @QEDInvestors@whartonfintech today, the evolving API-mediated marketplace, look forward to no-code/low-code movement and SCOTUS giving legal certainty.
2/ APIs are everywhere, every SaaS company must turn into an API-first company to survive. For the last 6 weeks we’ve laid out a guide for the next generation of SaaS built on the foundations of API-first development.