Category Archives: Banking

Learn #banking, #fintech and #payments jargon: Clearing House

By | June 22, 2021
1 Comment

Clearing House Definition: A multilateral system or arrangement that provides its Participants with clearing services for payment instructions, securities transactions, derivatives transactions, and in some cases, settlement services. Details: The most famous example of a clearing house is “The Automated Clearing House (ACH) Network” the electronic funds-transfer system run by NACHA, since 1974. ACH provides… Read More »

Learn #banking, #fintech and #payments jargon: Collateral

By | June 22, 2021
0 Comment

Collateral Definition: An asset that is delivered by the collateral provider to secure an obligation to the collateral taker. Collateral arrangements may take different legal forms. Collateral may be obtained using the method of title transfer or pledge of assets. An asset or third-party commitment that is used by a collateral provider to secure an… Read More »

Learn #banking, #fintech and #payments jargon: Clearing

By | June 21, 2021
0 Comment

Clearing Definition: The process of transmitting, reconciling and, in some cases, confirming transactions prior to settlement, potentially including the netting of transactions and the establishment of final positions for settlement. Sometimes this term is also used (imprecisely) to cover settlement. For the clearing of futures and options, this term also refers to the daily balancing… Read More »

Learn #banking, #fintech and #payments jargon: Available Balance

By | June 17, 2021
0 Comment

Available Balance Definition: The total funds a participant in a payment system has available for settlement of transactions at any moment. Calculated as a total of some pre-defined components: opening balance net value of credits and debits processed but not applied yes usable minimum reserve requirement account limits collaterals (loans, pledged securities, pledged stock options… Read More »

Learn #banking, #fintech and #payments jargon: Acceptance for Settlement

By | June 17, 2021
0 Comment

Acceptance for Settlement Definition: The moment at which a payment transaction becomes irrevocable as far as the sender is concerned. This is the point at which a transaction passes the tests to determine whether there is sufficient collateral for the transaction to proceed. Details: You have to see this as the last stage of a… Read More »

#balaji list of must read resources for #crypto, #bitcoin, #ethereum

By | June 15, 2021
0 Comment

This post is more like a personal note of the resources indicated by Balaji as a must read if you want to start the journey of understanding crypto currencies and the underlying technology. Mastering Bitcoin Mastering Bitcoin is a book for developers, although the first two chapters cover bitcoin at a level that is also… Read More »

My take on #Bitcoin, #ElSalvador and #CBDC

By | November 2, 2021
2 Comments

Starting from 9th of June 2021 #Bitcoin is legal tender in #ElSalvador. This has major world wide consequences and bellow are my takes on this. No country can tax profits from selling #Bitcoin as is no longer an “asset” but a currency. Remember #XRP issues with this topic. The Federal Reserve is investigating Ripple company,… Read More »

#Banking is changing and we will have to change its meaning in the near future

By | December 27, 2019
0 Comment

All this started with a tweet by Chris Gledhill: I agree 100% with the idea that the whole idea of banking and what it is to be a bank will change completely in the next years. I just looked around what “traditional banks” do at this point, in this era of post 2008 crisis of… Read More »

Acronyms of a #VC for #fintech people

By | December 8, 2019
0 Comment

When you start reading lots of VC tweets and blog posts is easy to get confused by the deluge of acronyms they use. The following are the basic definitions for the most important acronyms. CAC = Customer acquisition cost TAC = Total acquisition cost LTV= Lifetime value TAM = Total available market YoY growth =… Read More »