BC FINANCE
Saved by @CodyyyGardner

Next 10 years in FinTech.

The Fintech tsunami is happening, and there is no way back.

Long thread 🧵👇🏼

 1) In 2030, the largest “bank” in the world will not-be-a-bank.🏦 Think- Square, Stripe, Affirm, AntFin, PayPal, etc. Many large asset categories are still untouched by Fintechs, and once that starts to happen, several new ~$100BN - $500BN 💰 companies will be created.
2) Major economies will have low or no-Cash 💵; primarily due to ‘digitization-of everything’, and CBDC. Major central banks will transition to a digital currency paradigm, where national currencies will compete on features (like software does) as well as economics.
3) Credit Bureaus will become redundant. The 'spending-to-income-habits' indicator will overtake credit score. In the new decade: How responsibly one spends the money will become a stronger indicator of creditworthiness than all bureau data scores.
4) Algorithms— built into MoneyOS — will automatically refinance debt to the lowest possible rate, triggering massive compression in profit pools for banks. These “Systems of Intelligence” companies will create massive value.
5) The onset of Collaborative-AI will blur the line between deposits and lending, and ‘cash-flow-as-a-service’ will be a reality - resulting in ‘the death-of-deposits’, and growth of newer asset classes/investment vehicles. Deposit accounts will no longer be the locus of control.
6) Personalisation and automation will explode. The era of a customer making decisions about their money is behind us. 'Autonomous finance' reimagines the whole idea of financial services delivery by integrating technology at the heart of each system.
7) Fintechs will be portable and interoperable: Like mobile phones, customers will be able to easily transition between ‘carriers’. Basic financial products will become a commodity. FinTech will centralize into a few places and steer on ‘autopilot’.
8) Banks will become invisible and move to the background and centralize into one place where our money is managed for us. Large fintech enabled marketplaces- curated with thousands of apps and APIs- will emerge.
9) Data will become openly portable and will not be a competitive moat for Fintechs. Basic financial services will become simple open-source protocols, lowering the barrier for any company to offer financial products to its customers.
10) Fintech will become part of the basic functionality of non-finance products. Embedded finance is the next stage in the evolution of fintech. The hierarchy of unbundling that we observe in Asia will be replicated in ecosystems around the world.
11) Financial services will fragment further. Also, the demarcation between spending, borrowing, and wealth management will break down as one service-based offering manages the flow of customers’ money across multiple accounts.
12) Regulatory landscape will change. With a fast-growing industry comes a constantly evolving regulatory regime. Regulators around the world are playing catch up and trying to provide the necessary regulation needed to balance the interests of businesses and consumers.
13) More collaboration and consolidation– from all angles. For the last decade or so, FinTech companies have grown, disrupted, and moved at an exponential rate. This has forced traditional incumbent firms to adjust, rethink their business models, and embrace digital innovations.
14) MoneyOS: In 5-10 years people will control their financial lives in one place. The FinTech market, born as a disruptor, is beginning to mature and enter into a period of rapid “re-bundling”. The second-order effect is multifactorial by nature.
15) Expanding scope and diversity: The scope of products and services that FinTech firms offer will expand rapidly. These new offerings might span right across the spectrum of financial services, tokens, loyalty, digital assets, investment banking, insurance, retail, and wealth.
16) The dominance of the legacy banks will continue to be eroded. Moats in banking are dead. Consumers will continue to shift away from legacy banks towards newer service providers.
17) Death of manual underwriting. AI systems will eventually underwrite credit and insurance across the world. Future product experiences will be centered around AI, which automates most of the customers’ financial lives and improves their financial outcomes.
18) AI + Blockchain: The ‘ultimate’ future - will enable complex & automated smart contracts to be executed, allowing more use-cases to enter the mainstream. e.g. AI-Marketplaces, Crowdsourced Predictive Models for Hedge Funds, Collective AI Investment Management Platforms.
19) True emergence of Fintech Cloud and Infrastructure (BaaS/IaaS). AI will become a standard feature in applications, not a novelty. Technology is reshaping the operating-model of FIs. A clear vision of the future financial landscape is critical for good governance.
20) The eternal cycle of unbundling and rebundling will create new operating models + new future scenarios: Trust as an API, Tokenized Illiquid assets, Online platforms as debt warehouses, API economy, Bank-as-lifescript, FinTech as Asset Network, etc.
21) New blockchain payments and identity systems will become mainstream turning money into pure bits thereby allowing software developers to creatively design new services around money the way they have done with photos and text.
22) The Future is Decentralized. Several DeFI projects will gather significant momentum and scale. DeFi is on a path to create an alternative financial system. Non-custodial protocols give users full control over their assets.
23) All hail the new king!- Bitcoin: As more dollars💵 are printed, large public companies and FIs will add Bitcoin to their balance sheet. Major companies- with cash reserves - will start building Bitcoin “New Gold”🪙 reserves- to protect assets and build wealth. #BTC
24) A new financial system powered by Bitcoin will emerge. Bitcoin marks the end of fiat and the beginning of a new monetary standard.
We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten.

The new decade will be the golden-age of Fintech. Exciting times ahead!


https://t.co/EkWwjWFPjR

More from Finance

Steve
Steve
@braidedmanga
Ivor Cummins has been wrong (or lying) almost entirely throughout this pandemic and got paid handsomly for it.

He has been wrong (or lying) so often that it will be nearly impossible for me to track every grift, lie, deceit, manipulation he has pulled. I will use...


... other sources who have been trying to shine on light on this grifter (as I have tried to do, time and again:


Example #1: "Still not seeing Sweden signal versus Denmark really"... There it was (Images attached).
19 to 80 is an over 300% difference.

Tweet: https://t.co/36FnYnsRT9


Example #2 - "Yes, I'm comparing the Noridcs / No, you cannot compare the Nordics."

I wonder why...

Tweets: https://t.co/XLfoX4rpck / https://t.co/vjE1ctLU5x


Example #3 - "I'm only looking at what makes the data fit in my favour" a.k.a moving the goalposts.

Tweets: https://t.co/vcDpTu3qyj / https://t.co/CA3N6hC2Lq
FINANCE , ALL
Trung Phan \U0001f1e8\U0001f1e6
Trung Phan 🇨🇦...
@TrungTPhan
Our intuitions often leads us astray. A good reminder: study counterintuitive math and economic results.

Here are 9 of them 🧵

The Birthday Paradox

In a room of 23 people, there's a >50% chance that 2 people share the same birthday.

This type of probabilistic thinking does *not* come naturally to many people.


The Coastline Paradox

Fractal geometry is also confounding:

The coastline of a landmass does not have a well-defined measurement. As the unit of measurement gets smaller (eg. from KMs to cm), the length increases without limit.


Winner's Curse

In an auction, the winning bid will usually exceed the intrinsic worth of an item leading to a significant overpay (and negative net profit for the winner).


Braess's Paradox

Removing an extra road can make everyone's commute time faster.

Why? The existence of a "fast" road leads to congestion because everyone uses it. If you remove the shortcut, traffic flows better.
FINANCE , COUNTERINTUITIVE
Advertisement
Brian Feroldi
Brian Feroldi
@BrianFeroldi
1/ My Mission: To Spread Financial Wellness (thread)

Here’s what "financial wellness" means to me

⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️

2/ Mindset

Humans are programmed to think short-term

Evolutionary, thinking short-term makes sense. It helps with survival.

Financial wellness is all about training yourself to develop a long-term mindset

Not easy -- it takes practice


3/ Mindset

If you join the right tribes, you can’t help but improve

My favs:
@AffordAnything
@ChooseFiFI
FinTwit
@MicroCapClub
@themotleyfoolFool
@visualizevalue

Twitter / Podcasts / Blogs / YouTube -- when used correctly -- are amazing


4/ Mindset

Educate yourself - constantly!

Especially about:

1⃣Money
2⃣Relationships
3⃣Health

These 3 categories have an outsized influence on all areas of your life

Books


5/ Career

In the beginning, focus on growing your income

Do more than what is expected

Become a lynchpin

Find a career that you ENJOY (<- important!) that also has high-income potential

Start a side hustle (<- important!)

Build your talent
FINANCE
Yash Mehta
Yash Mehta
@YMehta_
Screeners helps trader in saving lot of time in filtering best stocks out of 5000+ listed stocks.

Here is the list of top 7 Free Strategy and its respective screeners that I use:

Also, last screener is my favorite to pick early momentum stocks.

1/ Golden Crossover:

Golden Crossover of 20 EMA above 200 EMA is a good strategy used by the trader. This screener will help you in identifying stocks that has given golden

2/ CCI Momentum:

CCI is a good indicator to find out stocks that are bullish and are in momentum. I had already shared a thread on the same.

This screener will help in identifying stocks for which CCI has crossed above

3/ Bullish Engulfing:

Bullish Divergence is a setup used by contrarian traders.
This screener will help in identifying stocks in which bullish divergence is

4/ Bearish Engulfing:

Bearish Divergence is a setup used by traders to take contra trades.
This screener will help in identifying stocks in which bearish divergence is
CATAGORY TRADING , ALL , FINANCE
Jack Poulson
Jack Poulson
@_jack_poulson
Palantir's 2020 Q4 Earnings call goes live in half an hour.


The waiting room is now up.


In the mean time, you can read their just-filed

Which is essentially just a re-direct to this press

Palantir's Consolidated Statement of Operations is pretty interesting.

They lost more than twice as much money in 2020 ($1.17B) as in 2019 ($580M). Despite a $12.6M tax benefit in 2020 vs. $12.4M tax provision in 2019.

But stonks.
FINANCE

You May Also Like

Sam Dylan Finch \U0001f937\U0001f3fb\u200d\u2642\ufe0f
Sam Dylan Finch 🤷🏻‍♂️...
@samdylanfinch
I had the most bizarre experience outside of a bar yesterday, which my partner very aptly described as "toxic mask-unlinity." (A Thread.)

I was standing outside, waiting for a lyft to get home, when two cis men came out of the bar to smoke cigarettes. They're discussing the masks that folks are wearing in California at the moment because of the very dangerous air pollution from the fires happening.

I happen to be wearing one of those masks, because I think lungs are important and I like breathing. I dunno. One of the men notices me standing there, and says, "Like this f*cker right here. What is this shit?"

He goes on a homophobic rant about me, the pansy with a mask, and what a Very Manly Man he is because he's not afraid to smoke a pack of cigarettes while California is on fire. He doesn't need a mask, because something-something-heterosexual-something.

And part of me is just... impressed by the fact that this dude thinks he's Owning The Gay Libs by not wearing a mask to protect his lungs from smoke and particles in the air that are literally DANGEROUS... while chain-smoking. Outside of a bar.
SOCIETY
\u0936\u094d\u0930\u0940\u092e\u093e\u0932\u0940 \u0939\u093f\u0924\u0947\u0936 \u0905\u0935\u0938\u094d\u0925\u0940
श्रीमाली हितेश अवस्थी...
@HiteshAwasthi89
Sri Maha Bhairavar Rudhra alayam, Chengalpet, Tamilnadu

This temple is being constructed merely on the instructions from Bhairava by his devotee Shri Bhairava Siddhantham Swamy. The Temple is fully enshrinedin a transparent glass enclosure..1/n


with Rudrakshas on both the sides of the entrance This temple has a circular Sanctum Sanctorum which has twelve stepseach representing a sign of zodiac and after that twelve steps we find the supreme deity of this temple Sri Kshetra Paata Bhairava. 2/n


Beneath the Bhairava, in the lower level are installed the Ashta Bhairavas, SapthaRishis in the form of stones, and Saptha Kannis in the form of brass lamps. Thereare a number of little blue and white lights in the ceiling that is shaped like a dome.. 3/n


which give an ethereal atmosphere when switched on. The steps representthe twelve signs of the zodiac and when one steps over them to reach thesanctum sanctorum all the doshas pertaining to the horoscope are cleared onceand for all..4/n


The Sthala Vriksham ”Peepal Tree” which is grown on a pedestal, a trident which is considered as Bhairavi, Pancha Mukha Anjaneya, Prathyankara Devi, Subramanya, Rudra Vinayaga, Vaishnavi Devi, Naga Rudra, Eswara, Vana Durga etc. 5/5

#IncredibleBharat
#DekhoApnaDesh
ALL
Advertisement
Kentaur Wolf2
Kentaur Wolf2
@fragma_dia2
Хајде да направимо мали осврт на случај Мика Алексић .

Алексић је жртва енглеске освете преко Оливере Иванчић .
Мика је одбио да снима филм о блаћењу Срба и мењању историје Срба , иза целокупног пројекта стоји дипломатски кор Британаца у Београду и Оливера Иванчић


Оливера Илинчић је иначе мајка једне од његових ученица .
Која је претила да ће се осветити .

Мика се налази у притвору због наводних оптужби глумице Милене Радуловић да ју је наводно силовао човек од 70 година , са три бајпаса и извађеном простатом пре пет година

Иста персона је и обезбедила финансије за филм преко Беча а филм је требао да се бави животом Десанке Максимовић .
А сетите се и ко је иницирао да се Десанка Максимовић избаци из уџбеника и школства у Србији .

И тако уместо романсиране верзије Десанке Максимовић утицај Британаца

У Србији стави на пиједестал и да се Британци у Србији позитивно афирмишу како би се на тај начин усмерила будућност али и мењао ток историје .
Зато Мика са гнушањем и поносно одбија да снима такав филм тада и почиње хајка и претње која потиче из британских дипломатских кругова

Најгоре од свега што је то Мика Алексић изговорио у присуству високих дипломатских представника , а одговор је био да се све неће на томе завршити и да ће га то скупо коштати .
Нашта им је Мика рекао да је он свој живот проживео и да могу да му раде шта хоће и силно их извређао
ALL
Filippo Valsorda
Filippo Valsorda
@FiloSottile
“We don’t negotiate salaries” is a negotiation tactic.

Always. No, your company is not an exception.

A tactic I don’t appreciate at all because of how unfairly it penalizes low-leverage, junior employees, and those loyal enough not to question it, but that’s negotiation for you after all. Weaponized information asymmetry.

Listen to Aditya


And by the way, you should never be worried that an offer would be withdrawn if you politely negotiate.

I have seen this happen *extremely* rarely, mostly to women, and anyway is a giant red flag. It suggests you probably didn’t want to work there.

You wish there was no negotiating so it would all be more fair? I feel you, but it’s not happening.

Instead, negotiate hard, use your privilege, and then go and share numbers with your underrepresented and underpaid colleagues. […]
LIFE
\U0001d54d\U0001d560\U0001d56a\U0001d552\U0001d558\U0001d556\U0001d563
𝕍𝕠𝕪𝕒𝕘𝕖𝕣...
@V0YAGERTWEETS
Ｇａｕ Ｍａｔａ Ｉｎ Ｖｅｄｉｃ
Ｃｕｌｔｕｒｅ

It is said that the one who bears the dust thrown from the hoof of Gaumata on his head, as if taking a bath in the water of the teerth sthalam and getting rid of all sins.


Ved and all other Hindu scriptures venerate the cow. The Vedic dictionary, Nighantu, gives amongst other synonyms of 'Gau' [ or cow] the words 'Aghnya', 'Ahi', and 'Aditi'.

Yaska the vedic decoder and commentator on Nighantu, defines these as-

Aghnya —— the one that ought not to be killed
Ahi —— the one that must not be slaughtered.
Aditi —— the one that ought not to be cut into pieces.

These three names of cow signify that this is an animal which should not to be put to tortures. These words appear frequently throughout the Veda in context of the cow.

But in due course the falsehood of killing cows spread far and wide and they became even more deep rooted when western scholars with their half baked knowledge of Sanskrit transliterated these interpretations of commentaries of Sayanacharya ,
ALL