Anatomy of Hype: Quantum Computing

The claims of what quantum computing can do are dizzying: from forecasting financial crashes to solving optimization problems to leading to an “apocalypse.” There is, however, a wide schism between those who boost quantum computing and others who are more grounded. This schism exposes how the incredibly difficult to understand technology, through a process of... Continue Reading →

No, the Pandemic Isn’t Accelerating Digital Transformation

Microsoft’s Satya Nadella pronounced that, amid the pandemic, they’ve “seen two years’ worth of digital transformation in two months.” Nadella’s words quickly became a catchphrase, which appears ad nauseam, though in different forms, in articles and thought-pieces that seem to come out on an hourly basis. For example, Forbes said that “because of COVID-19, manufacturing... Continue Reading →

Canada’s Financial Inclusion Opportunity

For the one million unbanked Canadians, and the many more who are underbanked, the COVID-19 crisis is compounding financial hardships to dangerous levels. Those Canadians are the ones who have been marginalized by financial institutions and the fintech ecosystem. In an article that I wrote last year, I showed that less than 2% of fintechs and pretty much... Continue Reading →

Libra’s Mission Impossible

Facebook-led Libra wants to provide a global currency to the 1.7 billion individuals who are unbanked, the overwhelming majority of whom reside in developing nations. The Libra white paper and the many discussions that ensued failed to mention that many developing nations already have vibrant mobile money/e-wallet services with specific goals to serve the unbanked.... Continue Reading →

Let’s Put Libra to the Test

A Swiss-based association formed by Western behemoths wants to spread financial inclusion in the developing world. Hold my Sanpellegrino Aranciata! The Facebook-led Libra cryptocurrency has the aspirational goal of bringing the world's 1.7 billion unbanked into the fold of digital finance. The Libra white paper makes it clear that it aims to serve the likes of farmworkers... Continue Reading →

Canada’s Financial Data Access Conundrum

It became apparent to me lately that there is confusion about how personal financial data are accessed by fintech startups. As users are indifferently signing up for digital financial services, startups are glossing over data access mechanics and associated risks, and banks are hiding behind their legal clauses. What am I talking about here? Let... Continue Reading →

Canadian Fintech has a Financial Inclusion Problem

Gary Newman works with youth with a history of conflict with the law (like ex-gang members) to help them build solid financial foundations. He believes that sound financial skills can profoundly transform the youth's lives and keep them away from their past troubles. I met Gary almost 2 years ago; we recently caught up discuss his work and... Continue Reading →

A List of Canadian Enterprise Blockchain Pilots

I put together a list of publicly announced enterprise blockchain pilots in Canada. Did I miss any? (I only looked at pilots that are specific to an application within a large enterprise or government context. I did not include research efforts or startups) TMX, Payments Canada, and the Bank of Canada: Blockchain Used to Settle Stocks in Bank... Continue Reading →

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