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Richard Turrin

@richardturrin

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Author | Influencer | #Asia | #China | #CBDC | #Dedollarization | Speaker | Consultant | More: https://t.co/Ek0swQExIq

Shanghai
Joined December 2017
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@richardturrin
Richard Turrin
4 years
🇨🇳 China won't use #digitalyuan to bypass sanctions and bail out Russia, says Turrin West 10 years behind China on #CBDC. De-dollarization is unstoppable. Interview on @AsiaSquawkbox Cashless my 5⭐ bestseller on China's #CBDC https://t.co/T8h6SPeIL6 https://t.co/CiBzak0b6Y
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cnbc.com
Richard Turrin, fintech consultant and author, says "the last thing that China wants to do with its … new baby of a currency is to get it put into the mud while in the sanction-busting game."
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@richardturrin
Richard Turrin
2 days
Tencent’s Bold Move Bringing “Cashless” China Overseas, McKinsey State of AI: “Meaningful bottom-line impact from AI continues to be rare.” This Week's Topics: 🔹Tencent’s Bold Move Bringing “Cashless” China Overseas 🔹Tencent’s “Tech for Good” Reimagines Remittances
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@richardturrin
Richard Turrin
2 days
Tencent’s Bold Move Bringing “Cashless” China Overseas, McKinsey State of AI: “Meaningful bottom-line impact from AI continues to be rare.” This Week's Topics: 🔹Tencent’s Bold Move Bringing “Cashless” China Overseas 🔹Tencent’s “Tech for Good” Reimagines Remittances
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@richardturrin
Richard Turrin
9 days
Special Edition: Banks and AI – 77% See No Change in GenAI ROI Year on Year This Week's Topics: 🔹Google: 77% of FinServs See No Change in GenAI ROI Year-on-Year 🔹 BCG: AI Unlocks $370B in Bank Profits—Miss it and Face Irrelevance 🔹 Designing Bank AIs for Empathy and Trust:
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@richardturrin
Richard Turrin
11 days
ECB’s digital euro plan hits resistance from banks and EU lawmakers Banks LOATHE the concept of a digital euro and want to retain primacy in payments at all costs including their access to payment fees. This isn't new. Banks in China and India never had anything good to say
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@richardturrin
Richard Turrin
11 days
Look at the HUGE divide in cash use and the correlation between poverty and cash. Ranked: Countries That Use the Most Cash in 2025 -The poorest countries rely most on cash: Myanmar (98%), Ethiopia (95%), and Gambia (95%) top the list, reflecting limited banking
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@richardturrin
Richard Turrin
11 days
US State regulators want joint federal guidance on tokenized deposits No surprise and likely the best outcome for tokenized deposits: “Stablecoin and tokenized deposit efforts should proceed in tandem,” said CSBS President and CEO Brandon Milhorn. “All financial institutions
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@richardturrin
Richard Turrin
11 days
US to block Nvidia's sale of scaled-down AI chips to China So the US is blocking the new B30A chip sales to China after China banned the purchase of US chips. Think about that one for a moment! Nvidia is trapped on both sides. An Nvidia spokesperson told Reuters that the
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@richardturrin
Richard Turrin
12 days
Nvidia's Jensen Huang: 'China is going to win the AI race,' Nvidia's Huang drops a truth bomb on DC: losing China as a client will not help the US win the AI race. This isn't new he's said that bans and blocks hurt development since Trump 1. Will anyone listen? "As I
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@richardturrin
Richard Turrin
12 days
This wasn't supposed to happen! Everyone was supposed to welcome AI Agent shopping with open arms! Amazon Demands Perplexity Stop AI Agent From Making Purchases -Amazon is suing Perplexity AI to stop the startup from helping users buy items on Amazon using its AI browser
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@richardturrin
Richard Turrin
12 days
So does your vision of the future include stablecoins, deposit tokens or both? Whichever you choose, there is no wrong answer. Payments, and as NASDAQ shows, securities will be tokenized. The tokenization revolution predicted a decade ago is coming to fruition but banks
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@richardturrin
Richard Turrin
13 days
Top 5 Tools Used NOW for Financial Inclusion The Alliance for Financial Inclusion (AFI) teamed up with the Eastern Europe and Central Asia Policy Initiative (ECAPI) to show the top financial innovations in use now to increase financial inclusion. Unsurprisingly, mobile finance
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@richardturrin
Richard Turrin
14 days
The core message of this chart is that the entrenched G7 nations still attempt to dominate and lecture a group of rapidly growing countries whose influence greatly surpasses their own. Tell me who is more relevant in the world today: India and China or Italy and the UK?
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@richardturrin
Richard Turrin
16 days
Suspiciously Inflated Stablecoin Stats Fuel FOMO Surge This Weeks Topics: 🔹 Suspicious Stablecoin Stats: $80B “Real” Spend Too Good To Be True? 🔹 PwC: AI Agents Double Bank Retention, McKinsey: $170B Losses: Who’s Right? 🔹 BCG: Bank Switching +10%, AI Agents Will Create
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@richardturrin
Richard Turrin
15 days
4/4 The Payments Association looks at Agentics, in a great read, but doesn't "think big" enough given its disruptive potential 👉 Smart Use of AI in Payments, or Playing it Safe? Agents will bring sci-fi-like innovation to payments https://t.co/p017FB0tf4
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@richardturrin
Richard Turrin
15 days
3/4 Deloitte looks at how to find the right Agentic use case. A valuable guide and great way to sort projects, but even if you use it there are "no guarantees." 👉 The Right Agentic AI Use Case? No Guarantees Can a decision framework beat high failure rates?
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@richardturrin
Richard Turrin
15 days
2/4 McKinsey with one of its better paper! I like to give credit where it's due! 👉 Top Six Agentic AI Deployment Lessons Focus on Workflow, Not the Model https://t.co/qJQhQSu9Ts
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@richardturrin
Richard Turrin
15 days
1/4 🧵 Agentic AI is the talk of the banking community. But as the old saying goes....talk is cheap. Let's look at four important perspectives on Agentic AI from my newsletter, including McKinsey's well-written "how to" guide. 👉GenAI in finance: 80% Lag Behind! Leaders like
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@richardturrin
Richard Turrin
15 days
Universal basic capital would create a fair AI economy Predistribution, not redistribution, is needed to close the inequality gap UBI is a touchy subject but what to do with those left unemployed as AI improves worker productivity? #fintech #tech #finserv #AI @BetaMoroney
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@richardturrin
Richard Turrin
15 days
The AI bubble has reached its ‘fried chicken’ phase This is nuts. When’s the crash? #fintech #tech #finserv #AI @BetaMoroney @efipm @BrettKing @spirosmargaris @jasuja @enricomolinari @mikeflacher https://t.co/ISeatEovAS
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@richardturrin
Richard Turrin
16 days
APAC’s Digital Currency Strategies Diverge—#CBDC vs #Stablecoin The divergence in digital currency strategies reflects varying national priorities. These include monetary sovereignty, financial innovation, and payment infrastructure maturity considerations. #fintech #tech
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