The Orchestration Moat And Its Allies
Enterprise AI defensibility in financial services doesn’t rest on the power of a single model. As foundation models converge and costs decline, moats are forming higher in the stack—through orchestration that embeds into workflows, proprietary data loops that compound over time, and vertical specialization that encodes regulatory and domain expertise. The winners will be domain-specific platforms that turn services into software and deliver measurable, repeatable outcomes.
Can Money Be Programmed?
This article explores the growing potential of programmable money and the overlooked power of composability in digital assets. As financial services become increasingly modular and programmable, smart contracts and composability are reshaping how payments, treasury operations, and compliance workflows are executed.
Don’t throw the baby out with the BaaS water
Recent challenges from a few middleware players have raised questions around BaaS (Banking as a Service). Yet, BaaS will continue to have a durable impact on enabling embedded finance. With their established risk and regulatory practices, banks may have a front-row seat.