Eight reasons bankers and Fintech upstarts are “up at night” about Compliance

Originally posted on Daily Fintech:
Compliance is a big ugly problem and it’s getting worse and nobody has nailed it yet. That should have entrepreneurs salivating. Investors say, “show me compliance deals”. Bankers say, “show me a solution”. Startup founders say, “we must spend our precious cash on lawyers and regulatory experts”. Nobody loves compliance. Everybody hates compliance. So it’s a massive opportunity. Looking at the usual Fintech lists and accelerators, the compliance breakthroughs do not leap out of the pixels. The usual searches turn up lots of lawyers and outsourcing firms willing to throw man hours at the problem,…

A Message to the 21st Century

“So we must weigh and measure, bargain, compromise, and prevent the crushing of one form of life by its rivals. I know only too well that this is not a flag under which idealistic and enthusiastic young men and women may wish to march—it seems too tame, too reasonable, too bourgeois, it does not engage the generous emotions. But you must believe me, one cannot have everything one wants—not only in practice, but even in theory. The denial of this, the search for a single, overarching ideal because it is the one and only true one for humanity, invariably leads…

Bitcoin 2.0: Sidechains And Ethereum And Zerocash, Oh My!

“…the Ethereum people sold their own made-up digital currency for someone else’s made-up digital currency, which will now be pegged against more new made-up currencies? And people trade cold hard US dollars for these? This is snake-oil nonsense! “ The Ethereum guys are smart and committed. It’s the digital currency aspects that I have a problem with. Wherever I find it. No convertibility, no parity.

Introducing Eris Industries

Sorry for being quiet/off the radar for so long, but I’ve been a little busy lately getting Eris Industries, the commercial offshoot of Project Douglas, up and running with my co-founder and legal coder extraordinaire Casey Kuhlman for the last couple of months. We expect to have a bit more to say about the product in early Spring 2015, although I will be posting relevant updates here on the site from time to time (and getting back into blogging a bit more as time allows), so stay tuned. I’m also very proud to report that EI is the most recent addition to the Anthemis Ecosystem, a pretty impressive…

Comparing Richard Branson and Peter Thiel Fintech bets

Originally posted on Daily Fintech:
Looking at Fintech funding rounds, two names crop up a lot and as both are high profile and savvy entrepreneurs/investors, it was interesting to see what they have been investing in. Richard Branson: Transferwise (consumer FX) Virgin Money (full stack bank, IPO watchlist) Blockchain (Bitcoin) Indiegogo (equity Crowdfunding) Bitpay (Bitcoin) Clinkle (mobile payments) Square (mobile payments) ? Peter Thiel: Transferwise (consumer FX) Sofi (Lending Marketplace) Ondeck (Lending Marketplace) Clinkle (mobile payments) Caplinked PayPal (1999) ? Great minds think alike? Clinkle (mobile payments) Transferwise (consumer FX) Branson has placed big bets on Bitcoin but Thiel is…