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As a recent FinTech founder, the things that I think would make a significant difference and encourage more people to build startups: - remove tax on redundancy payments - lower 25% corp tax - 0% CT for first 3-5 years - govt SaaS service for accounts and payroll - govt ESOP scheme - restore entrepreneur tax incentives

I tend to agree with the ABA. "Payments Innovation" is really about achieving low latency processing with low (or zero) cost. There's an awful lot that can be done with existing technology to achieve that, and would be far simpler than CBDC and all the implications that entails for monetary policy. Plus, I'm not sure you really need a tokenized model if you expand central bank processing windows.

Agree that services are an important part of SaaS and as this article shows can significantly impact margins.

https://blossomstreetventures.medium.com/saas-margins-are-terrible-eaab164866bb

Given 60% of banks have ROE less that the cost of capital, and reg/mandatory change is virtually the only change spend they have, it's the only real way to drive digital transformation.

Found Atomic Wire's report and video presentation here: https://www.atomicwire.io/hackathon