Tokenized Deposits & Wildcat Banking
The newest buzz word in bank earnings calls is “tokenized deposits.” Less than three years ago, there were zero mentions of the technology, but now 40% of major banks are talking about it.
Financial Rewinds
Blending a love of history, career in payments, and an insatiable need to understand how the financial world works. Views are my own.
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Latest posts
Proof of Payment: Dr. Allen Lipis
Dr. Lipis didn't make a 35 year career on luck. He did it with a method that anyone can replicate.
The Dog that Caught the Car: The End of Honor All Cards
Honor All Cards drove debit adoption, triggered the Durbin Amendment, and shaped modern fintech. Its death is the biggest card opening since 2011.
Efficient Markets = Average of All Inefficient Investors | Finance Papers Part 1.3 (Revisited)
Eugene Fama dropped a bomb on Economics & Finance in 1965, and we've been picking up the pieces ever since. If you've ever wondered what it means to have something "priced in", read this post.
The Wheel of Progress Doesn't Stop
This is an intervention letter, not a list of grievances, for my chosen industry
Mastercard’s IPO 20 Years Later
How the company escaped the cage that once protected it but nearly killed it.
Airlines nearly broke the payments industry
Spirit Airlines is far from the first airline to go bust.
The Agentic Triangle
I asked the same question the biggest fintech conferences last year. No one had an answer then. Halfway through this one, they still don't have it fully covered.
Proof of Payment: Steve Klebe
Lessons from a 40 year career riding the waves of payment innovation.
Float. Explained for Everyone.
Earlier this year, I published Payments.