--- title: "Fintech" description: "5 posts about Fintech, summarised, each linking to the original." --- # Fintech > 5 posts about Fintech, summarised, each linking to the original. ## Articles ### [8 AI and data trends shaping financial services in 2026](https://yomu.fyi/post/8-ai-and-data-trends-shaping-financial-services-in-2026.md) - Company: [Databricks](https://yomu.fyi/company/databricks.md) - Author: Kim Hatton, Junta Nakai, Marcela Granados, Antoine Amend, Ashraf Safdar, Jennifer Miller, Andrea DeSosa, Rajaram Suresh - Published: Apr 14, 2026 The post argues that financial-services AI adoption is widespread, but execution—not model capability or strategy—is determining who captures value in 2026. It attributes stalled pilots to fragmented legacy infrastructure, inconsistent data, weak lineage, and insufficient control for governed, real-time workflows such as fraud detection, pricing, and personalization. Firms advancing further treat data as a managed asset, embed governance in data and model pipelines, and align data, analytics, and AI teams around shared definitions, workflows, and metrics. The proposed remedy is a unified lakehouse environment combining storage, compute, governance, lifecycle management, orchestration, streaming, and AI workflows, with Unity Catalog providing centralized access control, lineage, and auditing. The conclusion is that by the end of 2026, firms that embed AI into operational decisioning at scale will pull ahead of organizations still running pilots. ### [Making big bets in business](https://yomu.fyi/post/making-big-bets-in-business.md) - Company: [Ramp](https://yomu.fyi/company/ramp.md) - Author: Karim Atiyeh - Published: Oct 12, 2021 The post argues that startups should pursue asymmetric outcomes: bets with potentially large upside and limited, manageable downside, rather than optimizing for average advice or minimizing every risk. Drawing on the founders’ experience building Paribus and Ramp, it applies this principle to choosing a problem space, hiring, vendors, product development, and fundraising. An outsized seed round enabled Ramp to pursue financial services despite high barriers to entry, while early hiring favored exceptional, fast-growing people over candidates who matched every competency checklist. It also recommends testing scrappy vendors, listening to customer problems rather than proposed solutions, and selecting reputable investors with clean terms. Ramp’s counterexample is credit risk: because revenue is about 1% of lending, a mistake can cost roughly 100 times its reward, so threatening risks should be isolated from bolder bets. ### [Engineering Principles at Ramp](https://yomu.fyi/post/engineering-principles-at-ramp.md) - Company: [Ramp](https://yomu.fyi/company/ramp.md) - Author: Calvin Lee - Published: Sep 12, 2021 Ramp documents seven engineering principles intended to codify how its teams build systems, make decisions, and collaborate as the company grows. The principles call for choosing technology according to each system’s context, moving aggressively on reversible decisions while treating durable interfaces cautiously, and aligning system models with customer concepts. They also favor opinionated product experiences, accepting duplication over a harmful abstraction while continuing to seek abstractions that reflect meaningful shared behavior. Rather than implementing requests literally, engineers investigate underlying needs, such as notifying a CFO instead of making approval a bottleneck, and break projects into small, independently prioritized chunks. These chunks can be owned by small teams called “pods,” while the principles remain adaptable rather than ironclad rules. ### [My summer at Ramp](https://yomu.fyi/post/my-summer-at-ramp.md) - Company: [Ramp](https://yomu.fyi/company/ramp.md) - Author: Samay Shamdasani - Published: Aug 27, 2021 My summer at Ramp recounts a three-month internship at the financial automation startup, following an introduction to its mission, growth, and product. During the placement, the author standardized physical-card shipping data, improved accounting workflows, handled profile-picture and UX work, and resolved production issues while improving endpoint and application performance. The main project, Filtering and Renaming GL, let Ramp administrators control accounting-option visibility by cardholder department and rename cryptic options within Ramp. The internship also provided observations about fintech opportunity, Ramp's rapid growth, transparency, ownership-driven culture, and the speed-quality trade-off described as product velocity. The author planned to continue at Ramp part-time while entering the third year of college. ### [Bound to Round: 8 Tips for Dealing with Hanging Pennies](https://yomu.fyi/post/bound-to-round-8-tips-for-dealing-with-hanging-pennies.md) - Company: [Shopify](https://yomu.fyi/company/shopify.md) - Author: 2023-10-18 - Published: Feb 16, 2021 Financial software must round values when money cannot be transacted beyond two decimal places, creating precision loss and “hanging pennies.” The post demonstrates that rounding two percentage-based charges separately on $10.10 produces $0.53, while summing the unrounded amounts and rounding once produces $0.54; currency conversions can amplify the effect. Its eight recommendations include notifying stakeholders, using banker’s rounding, retaining maximum available precision in data types, applying one consistent method, marking rounding explicitly, consulting government standards, rounding only when required, and documenting rules for users. It identifies taxes, discounts, interest, distributed payments, shared liabilities, and rates as recurring sources of rational values in financial calculations. The conclusion is that rounding cannot be avoided in financial software, but teams can control where it occurs and how its consequences are handled.