How BaaS Providers Actually Work
BaaS providers rent you a bank charter through an API, and the architecture of that rental determines who holds the risk.
Cloudflare Gave AI Agents a Wallet
Cloudflare Wallets run on stablecoins and a 29-year-old HTTP status code because card networks can't price a sub-cent transaction.
analysisVisa's Stablecoin Settlement Hit $20 Billion
Visa settles $20 billion a year in USDC across nine blockchains, and it's already using the onchain data to underwrite working capital loans.
engineeringFive Clocks in Every Transaction
A single payment carries five timestamps that each answer a different question, and confusing any two is how you fail an audit.
analysisX Money Launched at 6% Yield
X Money offers 6% when the federal funds rate is 3.75% to 4%, and nobody has explained where the extra 200 basis points come from.
opinionGPU Securitization Will End Badly
CoreWeave pays five times more in interest than it earns, and pension funds hold the paper.
fintechHow Payments Actually Work
A card tap takes two seconds to approve and three days to settle, and the gap is where payments actually happen.
anatomyHow Affirm Underwrites a Loan Before the Page Loads
A sub-second credit decision running on fourteen years of repayment data the bureaus never collected.
ai & mlRAG for Compliance Docs: What Actually Works
Most RAG pipelines are tuned for clean prose, but compliance documents have cross-references, nested definitions, and tables that break every default.
analysisAfrican Fintech: The Leapfrog
Africa's fintech leapfrogs are real where they follow market structure and overhyped where they import assumptions from somewhere else.
analysisThe OCC's AI Risk Tiers and What They Mean for Engineers
The OCC gave examiners a four-tier rubric for scoring AI in banks, and your architecture determines which tier you land in.