Many DeFi consumers engage in the space due to its pseudonymous capabilities; that becomes nearly impossible when social security numbers and other identifiers enter the mix, and when DeFi platforms have to adjust for record-keeping and reporting requirements.
Read MoreFrom Alex Lazarow: I can’t believe it’s been a year since the SVB collapse and the banking crisis. What has changed? What have we learned?
Read MoreThe CFPB—at least in its current form—may attempt to rally public opinion around its idea of digital wallets and their underlying risks.
Read MoreRipple is positioning itself as a bulwark against regulatory encroachment, with its legal future indistinguishable from the sector’s.
Read MoreWith Mastercard opting to make its latest tie-up with Alipay but not Tencent, might Visa opt to partner with Alipay’s competitor?
Read MoreWhat sort of antitrust implications arise when the world’s largest social media conglomerate partners with the world’s largest e-commerce company? How does it affect consumer and business wellbeing?
Read MoreOnsite at Fintech Meetup, The FR met with Michele Alt, Co-Founder and Managing Director of Klaros Group, and a former regulator at the Office of the Comptroller of the Currency.
Read MorePresident Biden has indicated that he would sign the bill if it also passes in the Senate—but questions remain, many of which directly impact the future of fintech.
Read MoreCarey Ransom, Managing Director of BankTech Ventures and a contributor to The FR, describes the phenomenon of “walking dead” fintech companies who face a fintech venture bubble overhang, outlines the future of AI hype, and encourages conferencegoers to say what they really mean.
Read MoreExchange rate markups affect everyday people, not just wealthy tourists—deleteriously affecting small businesses, consumers who send remittances abroad, as well as servicemembers—amounting to a whopping $5.8B in lost value last year.
Read MoreIn an interview with The Financial Revolutionist, Julian Trostinsky, Head of Global Support Solutions at Gresham, outlines a major compliance deadline looming for buy- and sell-side firms in North America.
Read MoreRegulators are in a double bind. The antitrust concerns are real—as is the potential for this acquisition to disrupt the Visa-Mastercard duopoly.
Read MoreAcross the executive branch, regulators are growing more vocal in discussing the systemic risks that non-bank financial institutions (NBFIs) pose. Why now?
Read MoreIn their official announcement, both CYBERA and Chainalysis framed blockchain-based crimes as a workaday form of financial fraud. That is, official statements made no differentiation between crypto-focused and non-crypto-focused crimes, folding them into a singular locus of concern.
Read MoreThe past 48 hours have encapsulated the relationship between crypto players and their regulators so uncannily that such a drama would’ve been scrapped in a writers’ room for being too far-fetched yet on-the-nose.
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
