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Unpredictability from the Financial Supervisory Authority

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This week in fintech

April 25 · Issue #100 · View online

A weekly summary of the latest news in our world of finance, design, and technology.


Also this week:
  • 🎉 Issue #100
  • 😬 Zuck bucks
  • 😍 A developer infrastructure bank?
  • 🤔 What jobs are in high demand right now?
  • 🤦‍♂️ Stupid idea

🎉 Issue #100
This is edition #100 of the newsletter. Little did I know when I started writing weekly about fintech news on our Slack, that it would come to this. But here we are. I’m probably going to write more about this later on, but for now, here is a word cloud from all the newsletters:
😓 An unpredictable Financial Supervisory Authority
The Norwegian Savings Banks Association is increasingly concerned about the Financial Supervisory Authority’s lack of predictability. More precisely that they don’t have any predictability when it comes to their assessments and clarifications. The Financial Supervisory Authority just came up with some clarifications regarding dividends and capital increases when some banks had already conducted their general meetings.
😬 Zuck bucks
Libra / Diem may be shut down, but “Zuck Bucks” could be coming next. No this isn’t the first of April. Meta is apparently working on introducing in-app tokens that would be centrally controlled by the company (meaning no cryptocurrency). This would be similar to those used in gaming apps such as the Robux currency in the popular children’s game Roblox. The working name is “Zuck Bucks,” seemingly named for Meta founder, chairman, and CEO Mark Zuckerberg. If I only could use one emoji to express my thoughts on the name, this would be it: 😬.
😍 A developer infrastructure bank?
Last week Column launched a bank that calls itself “The developer infrastructure bank.” It is built for the US infrastructure, meaning dealing with legacy solutions like checks, but the idea is great, and the execution seems even better. Here are a few of the design details we’ve picked up (PS: these are videos):
Stammy
https://t.co/aq0vASyMF6 launched (Plaid cofounder built chartered bank API for developers) and they have some design details ✨ https://t.co/zUY2LO6I2b
🤔 What jobs are in high demand right now?
I came over Job Title List, a database of 4000+ job titles with data points that help understand what jobs are trending right now. The database collects information on job posts on Lever job boards worldwide. It shows a few interesting trends:
  • Designers are in high demand (about ~30% increase in demand over the last year)
  • MLOps Engineer and User Acquisition Specialist are in highest demand (+60% increase)
  • A lot of demand for experience in web3, like Solidity Developer, Smart Contract Auditor, Smart Contract Developer (~60% increase)++
  • The most expensive Cost Per Click (for related Google ads) are for Chargeback Specialist, Enterprise Sales Lead, Ruby on Rails Developer, React Native Engineer, C++ Engineer, Data Analytics Lead, and React Engineer.
🤦‍♂️ Stupid idea
Sometimes I have ideas that are so stupid that I just have to sketch them out:
Marius Hauken
What if credit cards were shaped as coins?

After all, we don't need the magnetic stripe anymore.
Frankly, we don't need a physical card, but it would be fun if credit coins became a thing. #fintech https://t.co/ixgM9DdKu4
That's it for this week 👋
Remember, if you’re enjoying this content, please do tell all your (fintech) friends to hit the subscribe button! If you have some feedback you can always just hit reply!
Marius Hauken, partner Stacc X
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