SHARING IDEAS THAT DO GOOD

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FinTech

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The Paradox of the DeFi Protocol
Decentralized Finance is a growing global thematic.  It promises cheaper and better access to financial services by disintermediating centralized intermediaries. DeFi also promises interoperability across blockchains to bust banking silos, greatly promoting innovation and building vibrant financial ecosystems. However, DeFi is not without its own challenges and risks both old and new.  The goal of automating the delivery of financial services and reducing human dependencies also has the congruent effect of reducing oversight and control. This scholarly article by Nic Carter and Linda Jeng provides an excellent conceptual framework to understand the drivers of risk in DeFi.https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3866705
25 July 2021 by Jennifer Harr...

FinTech

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A parallel financial system
Decentralised Finance (DeFi) is expected to emerge over the next decade, creating a parallel financial system operating on the internet.While bitcoin can operate as a means of payment or as a new form of commodity, DeFi projects go further, from lending to insurance and derivatives.The arrival of central bank digital currencies (CBDCs), which will enable DeFi, are perhaps five years away, while the emergence of the new internet-based finance system is probably an issue for the 2030s.Digital currencies and digital identity are an important part of enabling DeFi, and once you have these, you essentially have the missing pieces. Greg Medcrafthttp://www.afr.com/business/banking-and-finance/greg-medcraft-s-wa
24 July 2021 by Lynn Wood

FinTech

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UP Bank Frollo's The Big 4 In Open Banking
Leading neobank UP has done its bit to accelerate Open Banking in Australia by becoming the 7th bank to make its data available as a Data Holder.This means UP's circa 300,000 customers can share their financial data with other accredited Open Banking participants (such as personal financial management app, Frollo, and CBA).UP's runaway popularity with a digitally-native customer base makes it easily the most requested institution by customers of Frollo and similar money-management tools, and so the early move to share data can't be understated in putting a well-timed rocket under the Open Banking roll-out.https://mozo.com.au/neobanks/articles/neobank-up-joins-frollo-open-banking-platform
30 June 2021 by Ben Ford

FinTech

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Vibrancy of DeFi Leading Blockchain Investment
A new system for trading derivatives Tracer DAO has raised $US4.5 million from leading investors in the booming area of DeFi (decentralised finance) and its local developer Brisbane-based Mycelium is creating jobs in Australia.With the rapid growth of DeFi products, like FinTech, employment is expected to increase in Australia over the coming years. https://www.afr.com/companies/financial-services/meet-the-defi-developers-who-ve-raised-funds-for-a-derivatives-system-20210628-p5850t
30 June 2021 by Madeline Cunn...

FinTech

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Tokenization for a better world
Blockchain technology could play a major role in impact investing, says the World Economic Forum.Impact investing refers to those investments that have a social or environmental purpose.Blockchain technology can provide greater security in the storage, management and transfer of information and things of financial value.Read more here: https://www.brickken.com/blog-tokenization-world/
22 June 2021 by Nina McPherso...

FinTech

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More women are investing in crypto
Of the 3.3 million Australians who own cryptocurrency, women account for 11% as of June 2021, a significant jump up from 7% in January 2021, according to research published by Finder.In terms of demographics, close to a third of Gen-Z own crypto (31%), a figure that has more than doubled since January (15%) and, by comparison, the number of Gen-Y millennials who own cryptocurrency has dropped from 33% to 24% over the same period. This is relevant as a leading indicator of the likely propensity of young Australians to adopt DeFi "Super Apps" like Tiiiik or Baxe.  https://tiiik.money/http://baxe.com/
21 June 2021 by Jennifer Harr...