Promises only bind those who believe them Photo by engin akyurt on Unsplash The saying goes like this, Loans create deposits It might not sound like much, but this is how money is actually created. You’d think it would be printed as paper bills by a central bank or minted into coins. Not anymore, to a large extent.... Continue Reading →
One of the major traps in fintech is implementing the requirements of a financial institution without questioning the value it is expecting from them. Many times, the client would be describing how he or she operates a given business process in the system being replaced rather than the functional value expected from that process regardless... Continue Reading →
Or when you think they expect you to be the intergalactic expert. Many years ago, I found myself in a meeting room somewhere in the middle east, in the middle of summer, surrounded by half the finance department of one of my clients, trying to come up with an elegant design for the accounting schema... Continue Reading →
Or how to explain what you do as a fintech professional to people who have no clue about technology and/or financial institutions, without quoting The Wolf of Wall Street. Photo by Timisu The average tentative involves you saying that you work in fintech (that's financial technology) and having then to explain that your clients are mostly... Continue Reading →
In the aftermath of the default of the Lebanese government on its debt on March 19th in 2020, the Lebanese pound reached abysmal lows versus the US dollar. Up to that point, the Lebanese government, or more precisely the Banque du Liban, had always followed a policy of strict pegging of the local currency to the... Continue Reading →
The Idea Sounding Board 