The following is an excerpt from today’s Global Newsletter.
We are massive fans of David Birch here at Fintech Nexus.
His bleeding-edge insight pieces often elevate into the stratosphere of thought, eventually grounding in a nugget of truth universally applicable in real-world applications. Oh, and his resident cartoonist — Helen Homes — is often worth the price of admission.
This weekend, Birch painted a picture of man’s early attempts at powered flight and, more importantly, the recognition that — even though they were yet able to fly — they knew it was only a matter of time based on the ideological and technological breakthroughs happening at an exponential pace.
The connector for our audience is that we are at the same moment when it comes to open banking and AI. While we’re not sure how it will get up in the air and fly, we know it’s only a matter of time and likely very little.
We are at the very beginnings of AI and open banking, and together, we expect something positive to come from this innovation. It will change consumer financial services forever.
From Fintech Nexus
USA Meet PitchIt 2023 winner, Momnt By Isabelle Castro Margaroli Embedded lending provider, Momnt, won Fintech Nexus’ 2023 PitchIt crown. Here’s what swayed the judges’ vote.
USA: Bank failures’ ripple effects One of the irrefutable laws of physics is that for every reaction, there is an equal and opposite reaction. That same principle could easily be applied to the banking sector. Every time there is a blip, a crisis, or a string of failures, key stakeholders rush to analyze, pick apart, and determine what happened and why and how to contain the damage.
John has been in communications since graduating from Creative Communications at Red River College Polytechnic in Winnipeg in 1992. He launched one of Canada's first digital-only local news sites called Winnipeg First in 2007, which led to digital editor postings with the Winnipeg Free Press and Edmonton Journal. In 2012 he joined Bankless Times as managing editor, later becoming president and CEO. He and the Bankless Media co-founders completed a sale and exit in August 2021.