Blog Entries and Commentaries

Bermuda’s real story is not even finance

The most important characteristic of Bermuda that hit me during a recent visit was not the fact that it is a “financial center” (a booking center for the reinsurance industry), but the fact that it was an “island” in every … Continue reading…

Ironically, Apple’s digital credit card just extends life of incumbent banks

Credit: Apple Media

@Apple’s new credit card is just an incremental change that simply reinforces the dominance of banks in the digital finance space.
Behind the Apple digital card is Goldman Sachs Retail. Behind that is MasterCard, and later Visa. Behind those … Continue reading…

All banks destroy fintechs

All banks destroy fintech. The negotiations goes like this:1. Are you cheaper than my salary?2. Can you implement POC really fast?3. Can you do the impossible I have not been able to forever?
The outcome is either:A. Oh good, here is … Continue reading…

Postcard from Kurdistan refugee camps

 I had the pleasure of joining the members of Bring Hope Humanitarian Foundation, an NGO on their field trip to two refugee camps outside Erbil Governorate in Kurdistan Province in Iraq last week. The Bahrka Camp was for Iraqi Kurds who were not able to go home … Continue reading…

The story of Tang Emperor Xuanzong and mistress Yang Guifei

The story of Tang Emperor Xuanzong 唐玄宗 and mistress Yang Guifei 杨贵妃
The most memorable part of a recent trip to Xi’an, China was to the Huaqing palace Xian (華清宮), an ancient winter palace with thermal springs that Emperor Xuānzong of Tang Dynasty 唐玄宗 originally built in 723 and … Continue reading…

Tim Berners-Lee on the future of finance

I had the pleasure of hosting Sir Tim Berners-Lee, the “inventor” of the http protocol that created the world wide web as we know it today, and spending a day and a bit with him over dinner and several sessions. The … Continue reading…