Well-regarded non-profit runs domestic intelligence agency; distributes intelligence product; achieves adoption in financial infrastructure; recruits agents and allies; intervenes against U.S. political fundraising.
The financial industry has paid tens of billions of dollars in tuition on fraud detection. Here are some observations for investigators with badges, press cards, or GoPros.
How consumer protection in payments works, why it was designed that way, and why it’s being contested today.
The gaps scammers exploit in gift cards are the result of deliberate policy tradeoffs.
Crypto’s most popular product offers capital efficiency for professionals, leveraged exposure for the masses, rich yields for market makers — and a poorly understood failure mode.
A four party consortium can underwrite, fund, and execute a consumer loan in 15 minutes. Here's how.
Why the banks really hate fintechs that allow businesses to learn your account number easily.
Ever wondered what happens if you try to take $50,000 in cash out of a bank? Answer: a year of investigative journalism.
What we covered in 2024, what are plans are in 2025, and a solicitation for supporting memberships.
Crypto advocates kicked off a recent, somewhat politicized, discussion of debanking. Strap in for scintillating banking compliance trivia.
Recommendations of works of fiction of interest to financial practitioners or enthusiasts.
Regulation-induced monocultures meet unfortunate but explicable engineering decisions.
Title insurance is grossly overpriced relative to actual risks involved. Why is that?
Ever transferred assets between brokerages? Impressive, terrifying machinations happened in the background. No cats were harmed.
I write roughly biweekly on the intersection of tech, financial infrastructure, and systems thinking. It's free.