Balances in Financial Services Sectors

This week’s episode focuses on the data required three major financial services sectors, Financial Markets, Banking, and Insurance, focusing on the need for various balances, and length of time in perspectives. Financial Markets–effective any traded financial asset–typically has the highest turnover in data, and perhaps the lowest need for balances of various types.  Trades may be made and sold frequently; transactions may not be accumulated … Continue reading Balances in Financial Services Sectors

What is Money?

This week’s episode debunks the idea that money is an exchangeable precious metal, or requires some type of mining per many virtual currency systems.  Certainly what money is has changed over the centuries, but what it is today is quite clear. Felix Martin’s in his book, “Money: The Unauthorized Biography” makes a convincing argument that money is purely transferrable credit.  A telling example was in … Continue reading What is Money?

Social Commerce: Family Independence Initiative

A friend introduced me to an interesting podcast recently, with Maurico Miller, which touches on many of the themes I am detecting in the move to put social commerce/social banking on top of social media.  They include trusted networks, social connections, new forms of credit scores, poverty alleviation  through expertise development, and others. The Family Independence Initiative platform Uptogether provides a way for people to connect in … Continue reading Social Commerce: Family Independence Initiative

Proposed TED Talk for High School Freshman: Ledger Innovation

I recently was asked to present for a second time about my career to a local high school freshman class, and wondered if I could make the subject matter interesting. So I spoke in the form of a proposed TED Talk on financial systems and ledgers. I talked about how computers have changed the world in the course of my lifetime; I asked them for … Continue reading Proposed TED Talk for High School Freshman: Ledger Innovation