It’s like a gold bar except it does not scream “I am a gold bar!” when you cross borders with several hundred of them. Considerably less heavy, too. Fits in an envelope. FedEx will very happily take them anywhere for you.
@patio11
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Financial Surveillance and Compliance in Digital Transactions
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“Why genius?” When you think of the legs of this trade that settle in the surveilled financial ecosystem, they look like “Someone who works in Seattle for Amazon sent a large but explicable amount of money to a tax-paying business matching an invoice for a very legal product.”
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Strong Recommendation for Dave at VaccinateCA
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I worked with Dave at VaccinateCA and would hire the heck out of him.
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Chinese Tech Company Operating Illegally in China Faces Regulatory Scrutiny
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If I were a betting man, I’d say that they are a Chinese tech company in most ways that matter, with the tiny infelicity that their business is illegal in China. A certain amount of shadiness is allowable… as long as you don’t make the powers that be look circumvented.
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Financial Services Firm Fails Basic Compliance Question on Headquarters
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You’d think that as a recently chastened multi decabillion financial services firm, which has recently sworn up and down that it will be the most complying Compliance culture that ever compliantly complied, would have a ready answer to hard hitting questions like “Where is HQ?”
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Medical Billing Chaos: Insurance Negotiation Reality
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Medical billing is best conceived of as an improv exercise more than a bastion of finance. “You have to pay $750 for an exam.”
“Yes and I have insurance so I only pay $80 co-pay.”
“Yes and the negotiated rate for your insurer is $300.”
“Yes and the best I can do is $120.” -
Market competence and information compression efficiency
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(The stuff which compresses well gets handled by the much larger number of people who have market standard levels of competence.)
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Talent concentration: few critical decisions, endless details
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A small number of talented people caring an unreasonable amount about a small number of decisions and generally a reasonable amount about a lot of boring chaff which happens between the important decisions and does not compress well.
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Finance’s Advantage: Testing Demand Before Monetization Models
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(An interesting advantage finance has over fintech startups: you can do locally irrational things just to see if there is customer demand for it, then backfill with the monetization model required. Having a hundred million customers in your back pocket is useful that way.)
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Unjustified requirements myths in tech policy and regulation
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And never underrate how frequently “Oh we require that because we have to require it, duh [not actually true]” happens in the world.