powered by Waaard For Login
View the Archives

Unvalidated Ideas #058

[ ✅ Free | Premium ]

Here's a fresh idea you can take out there and validate.

Fraud detection for government fast payments systems (🗒Raw Notes)

Sector: Financial Tech ("FinTech")

💼 🧠 Build government-scale consistent fraud detection for fast payment systems

Governments are getting into payments across the world, and if they're getting into payments, they need to handle fraud detection and prevention (not just mandating it with KYC laws). This is a seismic shift as a responsibility that was once mostly left to private companies is now being effectively nationalized in many places.

While the US is quite late with FedNOW, Europe has been much faster in adopting in-country fast payment systems. There are still many challenges left to be solved in cross border payments and for other countries that do not yet have systems set up.

One system that seems to continously pop up is identity verification & cross-checking for country-specific identification.

Integrations that can be used by governments and large organizations getting their hands dirty with verifying KYC data will be at a premium.

Validate as fast as possible. Carrd has insanely good prices, high quality templates, and easy setup.

Try Carrd with my referral code "validate" next time you're ready to validate an idea.


In the US this means the making it easier to acess the CBSV web service, but there are parallels in every country -- and someone needs to build this highly similar solution, for every country.

NOTE While this particular example is US-centric, but please substitute your country of choice seeing growing usage of fast payment systems and cross-border options.

This is a great time to think of the EU ETH-backed stablecoin, $EURCV. There are lot of problems with it's approach, but banks like Société Générale don't move without a reasonable expectation of success.

What was in this week's uncut edition?

Like being teased? I hope so, because here's what was in the uncut edition this week:



Don't forget, there's always money in the banana stand 3x more in the uncut edition.

Thanks for reading!

If you liked this letter feel free to criticize, comment on, remix, and share these ideas with your fellow builders and entrepreneurs!

If email isn't your style, you can also get ideas 🐦 tweet by tweet.

Check out the archive for access to editions that have been previously released.

Victor (victor@unvalidatedideas.com)

Interested in advertising on Unvalidated Ideas? Get in touch.