A common pattern of innovation in technology is to carve out a piece of infrastructure present in a big number of companies, specialise on it, productize it and turn it into a service. This is what Amazon did with AWS in the computing space. But many other companies are trying to apply the same playbook to several other segments. For example, two years ago I presented Credix, which is...
The microcosm of DeFi has been highly successful in the last few years in creating a set of new financial rails based on a new paradigm. These financial rails have been extensively used by a niche of power users who played with them in many different ways, with the clear goal of speculating. So far, a very limited intersection exists between the new DeFi rails and off-chain economic...
Over the last few weeks different DeFi projects have emerged, offering customers the opportunity to get exposure to the most common traditional securities on the market: US Treasury Bills. The bridging of traditional securities on-chain is the clearest ongoing DeFi trend and this post aims to analyze the main projects and their impact on the evolution of the DeFi space. Convergence of on...
The goal of this post is to provide a deep-dive in one of these decentralised credit marketplaces Credix, to analyze its capital-markets-as-a-service proposition and contextualize it in the wider lending space.
The post analyses PIX the new Instant Payment schemes launched in Brasil: its main characteristics, success factors, and the impact that a widely adopted centralized instant payment scheme will have on the Brazilian financial ecosystem.
The deck presents the main elements of a core banking solution, its history and some guidance on the make vs buy choice of this solution.
A few weeks ago, while preparing my 10k analysis for Adyen, I came across a very interesting McKinsey report on Payments and stumbled into the following table on cross-border transfer flows and revenues: What really surprised me, even more than the huge revenue chuck of the B2B segment, was the disproportion between consumer and business segments and, at the same time, the...