This Week in Fintech ending 17 April 2020

this week in Fintech V2.001

This weekly summary from our 7 experts, brings you insights based on their experience as investors, entrepreneurs & executives.

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Your Editor is Bernard Lunn. He is also the CEO of Daily Fintech and author of The Blockchain Economy and occasional opinion columnist.

Monday Ilias Hatzis our Greece-based crypto entrepreneur (Founder & CEO at Mercato Blockchain Corporation AG and Weekly Columnist at Daily Fintech) @iliashatzis wrote Time to buy more Bitcoin and time to HODL

No one has a crystal ball to predict the future. With less than a month away from Bitcoin’s halving, will this event boost its price? How does this play out, with the coronavirus pandemic? As economists are forecasting a global recession, many believe that we are preparing for a financial reset. Deutsche Bank sees a digital payment transformation post-coronavirus. The majority in the crypto community believes that Bitcoin could survive a global financial crisis and thrive.

Editor note: Personally I also think it is time to Buy & HODL Bitcoin although I have no clue what the short term price action will be and obviously I Am Not A Financial Advisor.

Monday Bernard Lunn,  CEO of Daily Fintech and author of The Blockchain Economy @LunnBernard wrote How the humble QR Code could foil an authoritarian power grab using the fear pandemic from coronavirus.

Editor note: Part 4 of a series about how the pandemic is changing our world.

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Tuesday Efi Pylarinou @efipm our Swiss-based Fintech Adviser,  founder of Efi Pylarinou Advisory and a Fintech/Blockchain influencer – No.3 influencer in the finance sector by Refinitiv Global Social Media 2019 wrote Lockdown & market uncertainty lead to a surge in B2B robo-advisors

Digital investing, advice and portfolio management is on the rise. A surge in account openings across the board, is now well documented. The first quarter of 2020 has seen a sizable increase in activity compared to 2019.  TD Ameritrade’s automated investment offering reports an increase of 150%. Betterment has publicized account opening increases of 25%. Wealthfront reports a 68% rise since the market downturn.

Editor note: To buy the dip in a diversified way use a Robo Adviser. This is now a mature space with a few behemoths dominating the market and many  ventures pivoting to a B2B model. 

Alan Scott Managing Director EMEA at 24 Exchange @Alan_SmartMoney wrote Stablecoin News for week ending Tuesday 14 April 2020

This weekly snapshot is the news that matters in the Stablecoin market.

Wednesday Jessica Ellerm @jessicaellerm, our Australia-based Fintech entrepreneur and thought leader specializing in Small Business and the Gig Economy & CEO/Co-Founder of Zuper, a new superannuation startup in Australia wrote Fintech Lenders Moula & Prospa Winners In Government Loan Scheme

SME fintech lenders Moula and Prospa have been bought into a landmark government guarantee scheme – the Coronavirus Small and Medium Enterprises (SME) Guarantee Scheme – that will see up to $40 billion in lending make its way to Australia’s hard-hit SME sector in the coming months.

The announcement has the potential to transform the two lenders into ‘household names’ in the SME finance space, marking a significant new turning point for both fintechs.

Editor note: Transparency in how government money that is meant to support the SME sector through the Coronavirus crisis is critical to building trust. The  Fintech channel is potentially more transparent than the Bank channel.

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Thursday Patrick Kelahan @insuranceeleph1, our US based Insurtech expert (a CX, engineering & insurance professional, working with Insurers, Attorneys & Owners who also serves the insurance and Fintech world as the ‘Insurance Elephant’) wrote Carriers can be wrong in being right. Governments too. Time to get benefits to SMEs.

Fiduciary duty or duty of care?  What a quandary for insurers this business interruption insurance situation continues to be.  Easily a trillions of dollars concern in western economies alone, more each day as the mandated shutdowns continue.  The author has previously noted the tension between repudiation/denial of BI claims and the drumbeat of public and government pressure to afford cover; is there also a public duty of care insurers hold to ensure there’s an SME business community to insure once the permission is given to restart the economy?

Editor note: News headlines describe Govt payments to SME ,which can be called bailout, being delayed. Pat’s post digs into to delays in payments from Insurance, which CANNOT be called bailout.

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Friday  Sheldon Freedman, Fintech lawyer at Hassans International Law Firm

wrote: Security Token news for Week ending 17 April 2020

Editor note: This weekly snapshot is the news that matters in the Security Token market.

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