This is the way: Luxembourg gives Innovation easy access to Money

One thing I never quite managed to wrap my head around is the way financing for start-ups works. Well, yeah – I understand how it works and why it works like that. But fact is: A start-up and it´s visionary leaders, taking personal risks to move it forward, should focus on their business entirely and push it towards success. Instead they struggle to get to the next finance round and pay for the essentials.

Markets which make it easy to access funds to grow a business, from my point of view, got it right. It should be easy for small businesses to finance innovation and growth and when a local government is supporting that in a relevant way, thats even better.

In that sense: great initiative in Luxembourg these days, with a deal between the European Funds for Strategic Investments (EFSI) and BNP Paribas in Luxembourg for lending cheap money to innovative SMBs in the marketplace. EFSI pretty much is a tool of the EU Commission to boost innovation and jobs. So say something that the EU is a bad thing. It is not. You can read how good it really is on the EU Commissions website.

Full details on the Luxembourg deal can be found here.

 

Amazing: The submarine cable map 2016.

teleTelegeography releases the Submarine Cable Map annually – which comes always stunning, not only because of its content but also for the art work. You can find their 2016-edition here – but also check out last years beauty here.

How Generation Z shapes the future of Payments

InComms VP of Digital Solutions, Mike Fletcher, has written a great piece for Paymentsource, analyzing how Generation Z – „the Millenials“ – are driving change for the payments industry.

Read the full article here.

The race between good and bad continues: ATM Fingerprint Skimmers for Sale

As banks increasingly turn to biometrics to secure ATM transactions, Kaspersky Lab is warning that crooks are already selling skimming devices that they claim can steal fingerprints. Unfortunately, nothing less was to be expected. And that even works without the use of severed body parts… Read the full report at FinExtra.

Blockchain – Problem or Solution?

I personally have ambivalent feelings when it comes to Blockchain technology and it´s use cases. There are many reasons to consider it a hype and to believe that it may be beneficial for some niche aspects but is not a solution for the global transaction backends. Also there are very valid questions around crypto currencies and their relevance.

One thing for sure is clear: Both started a discussion and that alone is good and healthy. But the hype turns me off, really.

Now there was a good read in American Banker with the head-line „Does Blockchain Tech Solve Security Problems Or Cause New Ones?“. The article is worth reading. Nailed it.