Unlike the examples above, financial services can be a much more difficult beast.
Bankers today still struggle with questions about how Amazon and Apple will enter financial services, or whether digital currencies will be launched by central banks, or what shape regulation will take for tokenized assets.
Historically, financial sectors developed independent infrastructures under separate, local regulations.
Hedges, insurance, derivatives and other techniques create further certainty across one's financial journey.
Financial products are made in the factory, manufactured as deposit accounts, exchange-traded funds, underwritten debt or insurance policies.
Think of CRM, KYC/AML, trading software, collateral management, financial planning, and other feature sets as the intermediating set of steps to get a financial product into the hands of its final customer.
Financial products are sold, not bought, which means that distribution remains valuable, regardless of the form.
Over the last decade, venture capital has funded an incredible assault on financial incumbents.
A seismic rebalancing of financial services "Disruption" investment occurred - but it focused primarily on distribution.
Trillions in value-added economic activity can flow through modular, expandable rails that standardize and mutualize identity, accounting, financial instruments, and the workflows that today are captured across thousands of niche software platforms.
Software Ate the World, Here's How It Eats Finance
Published on Feb 26, 2020
by Coindesk | Published on Coinage
Crypto Ransom Amounts Skyrocketed 200% in 2019
A report from Crypsis Group revealed that threat actors have significantly escalated their tactical approaches in ransomware attacks.
3 Things Every Crypto Investor Should Know About Trading Bitcoin Futures
Trading Bitcoin futures might seem easy on the surface but there are a number of fees that investors seeking big returns from high leverage trades ignore.
6M Bitcoin Are Secured By Shared Custody
Almost one-third of the entire Bitcoin supply is secured with a feature that gained adoption after the Mt. Gox heist.
The Cryptocurrency Act of 2020 Is 'Dead on Arrival,' Washington Tells Sponsors
An omnibus bill aimed at comprehensive reform of U.S. cryptocurrency regulation was introduced Monday by Rep. Paul Gosar.