"If you're in Financial Services and you come up with a New Product,
It's ONLY Three Things:
It's an Idea;
It's a Sales Force;
And it's a Custom App to bang on databases to make the Product real."
— Steve Jobs on #Fintech, 1992.
https://t.co/Qmt2ywWWd5
| #IslamicFinance
@_brohrer_ All the traders at the I-banks are wedded to Excel, so now all the prop models need an army of coders using Excel Visual Basic to force them through spreadsheets...
Joined my friends at @ISNA_Canada after Maghrib prayers, including Imam Sheikh Y. M. Suleiman from Masjid Rahmatul-lil-Alameen, for a very informative session about a proposed new Islamic (Riba or interest-free) credit union in Ontario. #MississaugaLakeshore#IslamicFinance 🏦
"It is inevitable that cryptocurrencies force banks to rethink their purpose,
Just as the internet forced newspapers to rethink their business models."
— Vinny Lingham (@VinnyLingham)
https://t.co/NLncdGi3cC
Decentralized Finance
“Is powerful in unlocking financial services for disenfranchised people around the world,
It’s better to move fast & break things.
Waiting for fragmented regulatory frameworks to crystallize before innovating is counterintuitive.”
https://t.co/UVcxz2r5Aa
David Johnston hasn’t accepted or spent money in nearly two decades. If he sees money on the street, he destroys it or throws it down a drain.
His unconventional philosophy put him in the middle of a court case that changed BC law.
https://t.co/LfNuRXH5iz
Before the empire's Christianization, the local coins of Apamea in Phrygia, minted over the course of 5 emperors between the late 2nd-mid 3rd centuries, depict a surprising motif: the story of Noah's ark.
What is this story of Noah doing on these city coins at this time?
🧵
1/9
If You Want To Transform IT, Start With Finance
"If you’re going to change the behaviour & goals of an organisation,
You are going to have to change the way money moves around it."
https://t.co/KWQoPfGkNP
Every challenge the Almighty sends your way has a lesson attached to it. You’re meant to learn that lesson. You may be stuck in the same position for a long while if you do not understand what He’s trying to teach you. Once you embrace the test, moving on becomes easier!
At #Robinhood, users aren’t customers, they’re products. More specific, their trades are the product, which Robinhood sells to market makers. The more their users trade, the more money Robinhood makes. $HOOD
👉 https://t.co/g5wy5jHamx
No immigrant has taken your job. You were laid off by a capitalist who required cheap labor and took advantage of that immigrant to increase his profits, and nothing makes him happier than to hear you blame the immigrant and not him.
The report points out that the #wageeconomy was imposed by colonization, and profoundly disrupted traditional gender roles, governance structures, connections to the land and between people. 3/6
@SteveSaretsky That’s because property taxes are too low to cover infrastructure upgrades, so new development is forced to shoulder the whole cost, while transferring replacement value to existing stock.
Another way low property taxes produce higher home prices.