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Executive Summary
Facebook’s consortium project, Libra, has the potential to disrupt traditional business models in retail banking, payments, and retail asset management (in addition to regulatory and monetary policy). While there are many variables that will impact how this will all play out and there are significant technology, privacy, regulatory, and security concerns that could stop this project in its tracks, a meaningful new front has opened up in the evolution of western financial services that warrants discussion. We are very pleased to announce the launch of Nadifin, a new European fintech accelerator. Nadifin will be based out of Luxembourg and will offer a yearly accelerator program based on multiple workshops in different European cities.
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"Before the endgame, the Gods have placed the middle game." - Siegbert Tarrasch
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