Greetings from Digital Wealth News™
Friends, some REALLY compelling content to catch up on in BOTH our edit and thought leadership this week. Meanwhile, I asked you to click thru to read my extended Publisher Notes (and op-ed) this week.
It’s worth recalling that, in November, 2022, Elon Musk’s Twitter filed paperwork with the Treasury Department to create a payments processing business. Some feel this could more closely replicate his pre-Paypal company X.com (and what he had hoped it would become) and use a new “rail” for moving these funds – his decentralized Starlink internet services, which currently has over 3,500 satellites orbiting over the planet (as of February 2023), with future plans to expand that number to 12,000 and potentially as high as 42,000.
NOW – as we have always said – we aim to stay non-political (and ATTEMPT to stay reasonably non-controversial, though not always) and we are NOT going to publish our particular viewpoint of Musk or the potential of this payments platform coming into existence – or not. What we will say is that it is INTERESTING and NOTEWORTHY that there are other POSSIBLE forms of moving money already being developed, in addition to what is being offered via the existing blockchain infrastructure, even as we’re watching some rather startling news go down on our current banking system. So as you witness the days and weeks ahead, and the extended crisis that many have long predicted COULD happen under the current monetary system, it’s good to know that there MAY be other things brewing, one of which COULD be the above scenario, on the proverbial back burner.
As always, we value all viewpoints, whether we agree with them personally or not, and you can take or leave the above. Regardless, we continue to fervently believe THE BEST IS YET TO COME, and this is why we LOVE FINTECH INNOVATION SO MUCH!!
So, to that end, READ UP! | Cindy Taylor, Publisher
News | Markets
A State Stablecoin? Yup! Wyoming.
You say stablecoin, Wyoming says “stable token”. Wyoming will be the first state in the nation to have its very own stable/coin/token
The Week in Digital Wealth (3/22/23)
In this week’s column on digital wealth the world over, we cover news from FedNow, Mercury & ForwardAI, amongst others
Advisor Tech Talk (3/22/23)
This week in Advisor Tech Talk, we dive into the latest wealthtech industry news from Morgan Stanley, SMartX & Envestnet, to name a few
Decentralized Diaries For The Week of 3/22/23
BTC Prices Hit $28k, Currently @ $27k, Fidelity Digital Assets Became Publicly Available, FBI: Crypto Crime Rose by 183% YoY, plus more
Top 5 VC Deals of the Week in Fintech (3/22/23)
This week, our top 5 VC deals in digital wealth came to us from Stripe, Apexx Global, Tilia, DressX & Wingspan
Podcasts
STANDARD DEVIATIONS PODCAST: Dr. Tom Howard – Behavioral Finance and Asset Management
This week on the Standard Deviations Podcast, Dr. Daniel Crosby is joined by Tom Howard, who oversees Athena’s ongoing research
Rethink. Financial Advice Podcast: Are Financial Advisors Gifting Dummies?
Joe Fischer, Adam & Derek discuss: How to think strategically about building a scalable gifting system that’s as automated as possible
Thought Leadership
MARTECH MINUTES: How Wealth Management Firms Can Grow Harnessing Financial Content
With today’s economic challenges, advisors will need to plan how they communicate with current clients & attract new ones to grow AUM
JIFFY.ai ILLUMINATIONS: “Lights, Camera, Action”
AKA Access, Transparency, Action-Every value chain member must have an ideal experience with access, transparency, and actionable data
BACK OFFICE HEROES: The First Step in the Financial Planning Process is Client Data Gathering
Onboarding new clients is an onerous & time-consuming process for financial advisors, but it’s necessary for a successful relationship
REAL CLEAR CRYPTO: US Crypto Banking Embargo Brewing?
With the FDIC’s March 12th seizure of Signature Bank, a coordinated attempt by the FDIC to remove crypto-related firms from banks in the US has begun
The Taylor Market Report (3/21/23)
The same folks that started the fire (inflation, zero interest rates, lax oversight, etc.) are now having us believe they are the ones to put out the fire?? Really?
Curated Industry Content
Industry News:
- Compliance and Tech Lessons from the Collapse of Silicon Valley Bank
- NewEdge Capital Group Reports Adding $4.38 Billion in AUA Throughout 2022
- Smarsh Adds Sheldon Cummings to Lead Wealth Management-Focused Business Unit
Practice Management:
Fintech Quote of the Week
“Building a compliance-centric culture starts well before the crisis and the work to maintain it must continue throughout and well-beyond the problems of today.” – Mitch Avnet of Compliance Risk Concepts
Check out our homepage for other great content, or follow us at LinkedIn, Twitter & Facebook!
Read up and GET YOUR SMART ON about the future of digital wealth!!
Wishing you and yours a great week!!!
ABOUT DIGITAL WEALTH NEWS:
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