ShAI Stories

  CFPB  Open Banking +  Comparison with PSD2 Topics covered in this blog CFPB 1033 CFPB Open Banking CFPB Open Banking and AI Concerns Comparison with PSD2 Open Banking   Regulation CFPB 1033 On October 19, 2023, the  Consumer Financial Protection Bureau (CFPB)  released its long-awaited “Required Rulemaking on Personal Financial Data Rights” (Proposed Rule) for public comment. The CFPB proposed a rule that would bring large nonbank payment processors under its supervision, subjecting them to similar regulations as traditional banks. This rule primarily targets companies like: Apple Google Amazon Meta (formerly Facebook) Square PayPal Impact: Increased Scrutiny:  These fintechs would face stricter oversight regarding consumer protection, fair lending practices, and data privacy, similar to what banks experience. Focus on Large Players:  The rule is aimed at comp...

    Varsha Shah - Bay Area, California LinkedIn Blog Summary:   Highly accomplished product leader with a track record of delivering world class crypto and payments experiences for 400M+ PayPal customers. Globally leading dynamic teams, my expertise spans product lifecycle, competitor analysis, and agile methodologies. A visionary in product strategy, driving seamless, customer centric UX with AI/ML, Gen AI integration within reusable platforms. My engineering background empowers me to tackle tech challenges, tailor requirements, and innovate for smoother engineering execution. Thriving at building trusted connections, I expedite buy-in for roadmap success to launch complex initiatives without compromising product quality and security on tight deadlines. Experience: PayPal                                            ...

  A Product Strategy for Venezuela and Argentina USDC: A Beacon of Stability in the Storm of Inflation -  The economic landscapes of Venezuela and Argentina are fraught with the perils of currency devaluation and rampant inflation. These harsh realities erode purchasing power, stifle economic growth, and leave citizens scrambling to preserve their financial well-being. However, a glimmer of hope emerges in the form of stablecoins, digital assets like USDC pegged to a stable reserve currency (typically the US dollar). This blog post outlines a product strategy for leveraging USDC as a powerful tool to combat inflation and empower Venezuelans and Argentinians. Understanding the Challenges: Inflation and Devaluation Venezuela: Hyperinflation has ravaged the Venezuelan economy for years, rendering the local currency, the Bolivar, practically worthless. Basic necessities become luxuries, and long-term savings evaporate overnight. Argentina: While not experiencing hyperinflation...