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How Banks Can Compete Against an Army of Fintech Startups

Harvard Business Review

Banks’ cost of capital is typically 50 basis points or less. These low-cost and reliable sources of funds are from taxpayer-insured deposits and the Federal Reserve’s discount window.

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Why Those Guys Won the Economics Nobels

Harvard Business Review

Campbell’s work has also made liberal use of the analytic tools developed by Hansen. Back in the ‘60s, people developed the capital asset pricing model [CAPM] as a way to do that. The capital asset pricing model was supposed to allow companies to calculate their cost of capital in a consistent way.

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How Blockchain Is Changing Finance

Harvard Business Review

Blockchain was originally developed as the technology behind cryptocurrencies like Bitcoin. The New York–based venture capital firm Union Square Ventures (USV) broadened its investment strategy so that it could buy ICOs directly. If the world of venture capital can change radically in one year, what else can we transform?