With a market cap of $2 billion, Lemonade had traded at about eight times its annual sales. Most traditional insurers, like Allstate and Travelers, trade at around one multiple of the year’s sales. The price-to-sales ratio for Lemonade is seemingly reasonable relative to its growth expectations. Since it went public a couple of years ago, […]
The post Lemonade+Metromile: Bright spot on insurtech’s disruption roadmap first appeared on Daily Fintech.
Here is our pick of the 3 most important stablecoin stories during the week. Are CBDC’s preparing to use regulators to out compete better alternatives? CBDC implementations are still in the very early stages and yet there are signs that Regulators are blocking and stifling innovation. The European Union’s Markets in Crypto-Assets legislation could effectively ban […]
The post Stablecoin News for the week ending Wednesday 31st August. first appeared on Daily Fintech.
We use to pay for things with cash, then we used plastic cards, and now we use our phones to pay for whatever we want to buy. In the next step, payments will disappear altogether and become completely invisible. “Embedded payments” are one of the hottest trends in the market with billions being invested, yet […]
The post Invisible money, invisible payments first appeared on Daily Fintech.
Are Banks ready to absorb loan losses from Inflation An interesting question? Matthew Lynn looks at the inflationary impact on small businesses borrowers, highly leveraged private equity players as well as the mortgage market. As he rightly points out all of these sectors will be affected and there risk profiles will rise. Of course the […]
The post Alt Lending Week Ended 26th August 2022 first appeared on Daily Fintech.
Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week. 1 Machine-readable financial reports get a look in Michigan Michigan is embarking on a pilot program that could lead to a seismic shift in local government financial reporting documents that proponents say […]
The post XBRL News from Michigan, Taiwan and the SEC first appeared on Daily Fintech.
Climate Fintech is at the intersection of climate, finance, and digital technology. As climate change poses economic and political risks to the global economy, many financial service institutions are playing a key role in driving transformation. The notable imperatives are a) shift of investment dollars into renewable energy sources instead of oil & gas b) […]
The post The Bright, New World of Climate Fintech first appeared on Daily Fintech.
Here is our pick of the 3 most important stablecoin stories during the week. Are CBDC’s too dangerous to allow? CBDC implementations have the potential to be very dangerous in terms of personal freedom and political liberty. Can we design out the danger but keep the good stuff? This will be the big debate in western […]
The post Stablecoin News for the week ending Wednesday 24th August. first appeared on Daily Fintech.
Last week I read a tweet that Israel was going to ban cash payments. Israel introduced a law banning the use of cash for large transactions. The new law limits cash payments in one business transaction to 6,000 shekels ($1,785), as the country wants to fight organized crime, money laundering, and tax evasion. It also […]
The post When cash dies, your privacy will die first appeared on Daily Fintech.
Is the City about to undergo a bloodbath of Dealmakers? An apocalyptic piece in the Sunday Telegraph citing the possibility of a large number of redundancies in the dealmaking sector. Of course banks need to trim their cloth when the going gets tough. For some reason these guys are usually overpaid and judging by the outcomes […]
The post Alt Lending Week ended 19th August 2022 first appeared on Daily Fintech.
Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week. 1 Workiva: No slowdown in growth Despite the recent rebound, equities had been hammered in 2022. The S&P is still down nearly 10%, with the tech-heavy NASDAQ still down over 16%. Workiva […]
The post XBRL News from China and the US, Workiva first appeared on Daily Fintech.