The Libra White Paper Is Undergoing Changes….

…and the results are available in a document comparing the June and November versions here.  You’ll notice, above all, a change in the project’s dividend policy.  And, as I talk about in a new op-ed, the Libra website has removed tabs … Continue Reading

BIS Issues New Open-Banking Report

The (now traditional!) end of the year push for new guidelines continues:  On 19 November 2019, the Basel Committee on Banking Supervision released a cutting edge report on open banking and application programming interfaces (APIs). In the report, available on … Continue Reading

Thinking about the Future of Money

The Institute of International Finance’s recent panel on the Future of Money is now out, and I really enjoyed the back and forth, especially hearing folks on the front line discussed what they see and hear everyday about the evolution … Continue Reading

Another One in the Books

From Georgetown Law to Capitol Hill and “The Showroom”–and from the International Spy Museum to rooftop views of the Washington Monument–Washington’s Fintech Week is a wrap!  Thanks to all the many people who came through to support the initiative, it … Continue Reading

The Libra Association Sinks…Right Before Congressional Hearings

The fintech news of the week was, of course the departure of the major payment processors including Visa, Mastercard and Stripe from Facebook’s Libra project.  The news followed on the high profile departure of PayPal from the venture the week … Continue Reading

Rethinking the SEC’s Regulation CF study

A new study was released by the SEC investigating incidents of fraud under Regulation CF fundraises. Under Regulation CF, enabled by the JOBS Act, entrepreneurs can raise up to $1 million dollars for essentially start up ventures without having to undergo … Continue Reading

Thoughts on Digital Custodians

As one expert recently recounted to me, cryptoassets are, at their core, a kind of digital bearer instrument, meaning the holder is presumed to be the rightful owner, and is entitled to any associated privileges. This in turn creates significant … Continue Reading

Alternative Data is Hitting Mainstream Credit

The Wall Street Journal today, which though not unpredictable, is still breathtaking: For decades, banks and other financiers have relied primarily on consumers’ borrowing history to make lending decisions. Now revenue-hungry companies are considering metrics both mundane and peculiar, like … Continue Reading

A real time payments solution should embrace private-public competition

There’s been more than a little debate about plans by the Clearinghouse and the Federal Reserve to set up their own ‘real time payments’ system, with the goal, at least in part, of bolstering financial inclusion.  On the one hand, … Continue Reading

A mixed picture for global fintech fundraises in the first half of 2019

The global picture for fintech fundraises is, in a word, mixed.  Accenture reports: The number of fintech deals globally rose about 2% from the first half of 2018, to 1,561, but activity was mixed in the world’s largest markets. While … Continue Reading