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Strategic insights on blockchain, AI, security, leadership, and career in an age of disruption.
Why Three AI Reviewers Aren't Three Lines of Defense
Stacking multiple AI agents for review creates false confidence: they converge on identical decisions and abandon contradicting data to reach consensus, replicating the 2008 rating agency collapse.
Recent Essays
Digital Money Choices Are Really Dependencies
Banks face a critical tradeoff when offering digital money: control, speed to market, and deposit flows. Each option—stablecoins, bank-issued tokens, or tokenized deposits—is fundamentally a dependency decision that requires treasury and accounting alignment before implementation.
AI in Finance: Who Owns the Model's Output?
As OpenAI's ChatGPT for finance reshapes banking workflows, the real question isn't adoption—it's control. Financial services leaders must establish review processes that preserve client accountability and competitive moat.
Crypto Crisis Readiness: Run Your Tabletop Now
The $6.3B Binance breach exposed a critical gap: most organizations can't answer basic questions about their crypto exposure in a crisis. Tabletop exercises focused on asset lockup—not just data breaches—are essential.
Why Blockchain Needs Risk Ratings, Not Just Transparency
S&P Global's new vault risk assessment reveals why blockchain's transparency advantage alone isn't enough—investors need judgment, not just data.
#financial infrastructure
3 posts
Permissioned Blockchain: Why Incumbents Win
Permissioned blockchains aren't crypto adoption—they're how incumbents keep control. Swift's 17-bank network proves gatekeepers choose the tech that keeps them in charge.
Tokenized Stocks Just Went Live. Here's Why It Matters.
The DTCC tokenized real stocks on blockchain in July. It works—but doesn't count yet. Here's what financial leaders need to do now.
Bitcoin Mortgages: Crypto's Crossing Into Traditional Finance
Bitcoin collateral just entered the mortgage market through Fannie Mae. This reclassification signals crypto's permanent shift from trading asset to underwritten collateral—creating new opportunities in custody, compliance, and risk management.