Are data-poor organizations doomed? We’ve been running a data science experiment over the past few months. We were shocked, but not surprised by what we learned. Think about this...

progress compounds. technology change is accelerating. yet, to most, progress in financial services remains elusive. banks are still around, some are very profitable. most startups have failed to disrupt the industry head on. dig deeper to realize change crawls in finserv (because regulation, because regulatory capture), that many banks are structurally unsound , out of touch with younger generations and living off of their legacies. for every JPMorgan, DBS, ING or Goldman, there are thousands of zombies. …see more

bold bet. it comes down to how many more people prefer to “do things better with the help of someone” vs “have someone do things better for them”. and does that breakdown change inter-generationally and/or intra-generationally? Human v algorithm: insurers try to cut out the middleman …see more

This year more than ever before, being a caregiver during the holidays is stressful. Join us to get tips on planning ahead to minimize stressors and enjoy the gifts of the season. #caregiving #holidays #caregiver https://lnkd.in/deCx_ZY

‪hot take: Libra is what the financial services industry wants for the future of *crypto*. the amount of scrutiny from legislators and regulators alike is part of an elaborate kabuki play. co-opting is actually what is happening behind the scenes.‬

A data breach at DoorDash has exposed the last four digits of payment cards for some consumers and the last four digits of the bank account numbers for some delivery executives and restaurants. The company says 4.9 million customers were affected. …see more

*this is not the Marshall plan* let’s assume researchers from the Kiel Institute are on the right track, then every Chinese fintech & finserv corp.’s activities on the global stage should be scrutinized.

‪digital <insert term> is more coercive than its analog equivalent. ‬ ‪help me find counterexamples.‬

Congratulations to the left-brained Mark J. Feldman on his new role at Building Engines, Inc. ! "If performance is measured and understood across the organization, there will be a common language that people across and within departments can rely on to communicate their goals and collaborate more effectively to move the business forward. With KPI’s everyone in the organization is on the same page and marching to the beat of the same drummer." …see more

for someone fascinated by the interplay between language, data transmission and money (includes crypto), this article is an enthralling read.

the rise of big tech in financial intermediation may not increase competition & financial inclusion. it may favor big tech & increase market power concentration. having said that this analysis shows a low market share. u clear if the study includes Chinese firms. #fintech #lending #banking #banks #payments …see more

Congrats to the Inc. 5000 class of 2020, for collectively earning over $200 billion of revenue and adding over 580,000 jobs in 2019! May their stories continue to inspire owners and employees of small businesses everywhere. …see more

This week's edition of The 5-Minute Recharge is all about comfort food for thought, and how to quarantine like that comforting comedian, Jerry Seinfeld.

as many c- bankers and global finance luminaries (including BIS, IMF) are adding their voices to the chorus of centra bank digital currencies support (wholesale or retail focused), i believe we are nearing the end of the PR signaling phase and will soon enter a consensus-driven exploratory phase (feasibility studies, call for applications, POCs, beta projects) necessary to build towards eventual live projects. i mean consensus-driven because a few c-banks have undertaken their exploratory phases. these were the early would be adopters, but they were not supported by a broad consensus. how Libra has been received by c-banks, regulators & govts should be viewed within this broader context. how it will fare too. #centralbanks #banks #banking #cbdc #digital #Libra #regulators …see more

a long time ago i tried pelota vasca, more specifically bare hand pilota. it hurts!!! but is a lot of fun.

continuing to extol the prowess of Chinese fintech & Chinese biz model breakthroughs in financial services without explaining how these have been made possible and speaking out against backdrop & context is untenable.

I understand both the desire and the need for our government to get a handle on the issues surrounding data privacy, but think about this… let’s say that the outcome is a broken-up Google and Facebook. And let’s say that this makes way for 50 more companies that use data the way Google and Facebook use it today. Then what? The problem is not how data is being collected. The problem is not collecting data. The problem is how it is used. Specifically, the problem is badly-written laws that prohibit certain kinds of information collection (sex, race, PHI, and other sensitive personal data). Why? Because it forces data scientists to create proxies for these attributes. Algorithms that use proxies (which are assumptions) with substandard or nonexistent feedback loops (to help the AI truly learn from its mistakes) doom the data-driven decision making process to one of the nine circles of hell (though I’m not sure which one). Breaking up data-rich organizations will simply make more versions of the same data-rich organizations. Allowing more small companies to do what the big companies are doing will not change the impact bad data science is already having on our society (a problem not trending in a good direction). …see more

Sales enablement itself is no longer the differentiator it once was. Most businesses are using these technologies and tools in some fashion, especially at the enterprise level. Today, the biggest differentiator is becoming formal and charter-based in sales enablement processes. …see more

"Epic #B2B experiences are fueled by data, intelligence, and insights- it’s the biggest challenge and missed opportunity for marketing today. Data is foundational, without it we don’t know what to say, who to say it to, or when to say it. Good data drives informed actions. But, we’ve relied too long on CRM as our primary source of data - it’s just one piece of puzzle. #Marketing data is different. We care about people, campaigns, who people are, what they visit, how campaigns are moving them through the journey. To-date, we’ve had no other choice to manage this data and learn from it. We are plugging Marketo Engage right into the Adobe Experience platform. All of your data in one place, a unified profile of every person / account, in words you speak and understand. It’s like Thanksgiving for all of your data.” - Matt Zilli on stage at #AdobeSummit #MKTGNation …see more

Thank you to CFA Society Uruguay for giving me the opportunity to share my views on the global economy with such an engaged audience! Thank you also to CFA Institute for encouraging and supporting my visit!