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Fintech SCB — エディトリアル
金融・経済・地政学、そして世界を動かす力についての独立した分析。
グローバル金融、市場、経済、地政学、国際ビジネスに関する独立した視点 — Fintech SCB 創業者兼CEO、ロベルト・バルビーノによる執筆。
性能、续航、能耗、价格与售后服务：为什么中国电动车正在给特斯拉带来越来越大的竞争压力？
Performance, range, efficiency, price and after-sales support: why Chinese EVs are increasingly challenging Tesla.
Prestazioni, autonomia, consumi, prezzo e assistenza: perché le nuove auto cinesi stanno mettendo Tesla sotto pressione.
La ventaja china ya no es solamente el bajo coste: es la combinación de escala, tecnología, infraestructura, cadenas de suministro y política industrial.
China’s competitive advantage is no longer simply low cost: it is the combination of scale, technology, infrastructure, supply chains and industrial policy.
Il vantaggio cinese non nasce soltanto dai costi bassi, ma da un ecosistema industriale integrato fatto di scala, tecnologia, infrastrutture, supply chain e politica industriale.
От традиционной проверки клиентов к интеллектуальному, непрерывному и основанному на рисках финансовому контролю.
From traditional customer checks to intelligent, continuous and risk-based financial compliance.
Por Roberto Balbino — CEO, Fintech SBB
Inflazione e conti pubblici sono migliorati, ma la crescita resta debole. E le grandi riforme politiche promesse nel 2022 sono rimaste incomplete, ridimensionate o respinte
La estabilización macroeconómica de Javier Milei contrasta con una creciente presión sobre los salarios, las jubilaciones, el consumo y el endeudamiento de las familias argentinas.
Revolut, Wise, bunq, N26, Monzo, Trade Republic e la nuova architettura della finanza esclusivamente online
Revolut, Wise, bunq, N26, Monzo, Trade Republic and the New Architecture of Online-Only Finance
Argentina, realineamiento político, reformas económicas y la nueva competencia por el capital
Argentina, Political Realignment, Economic Reform and the New Competition for Capital
War, Sanctions, Tariffs and the Changing Economic Balance Between the United States and Europe
From Corporate Finance and Management to Private Banking, Wealth Management and Fintech
FINTECH SCB Insights / Wealth Management
Italiano
Come investire 10 mila, 100 mila, 1 milione e 10 milioni di dollari
Tre regole prima delle percentuali. Quattro aree geografiche. Sedici portafogli. Una visione integrata di investimenti, casa e successione.
Roberto Balbino / FINTECH SCB
Ricerca indipendente per la rete FINTECH SCB
25 ottobre 2026 · Edizione estesa 1.0 · 63 pagine · PDF
Lettura e download gratuiti
English
How to invest $10,000, $100,000, $1 million and $10 million
Three rules before percentages. Four geographic areas. Sixteen portfolios. An integrated view of investment, homes and succession.
Roberto Balbino / FINTECH SCB
Independent research for the FINTECH SCB network
25 October 2026 · Extended edition 1.0 · 63 pages · PDF
Free to read and download
Español
Cómo invertir 10 mil, 100 mil, 1 millón y 10 millones de dólares
Tres reglas antes de los porcentajes. Cuatro áreas geográficas. Dieciséis carteras. Una visión integrada de inversión, vivienda y sucesión.
Roberto Balbino / FINTECH SCB
Investigación independiente para la red FINTECH SCB
25 de octubre de 2026 · Edición ampliada 1.0 · 63 páginas · PDF
Lectura y descarga gratuitas
FINTECH SCB Insight · November 2026 · by Roberto Balbino
What I Invest In Now
On November 3, 2026, American voters gave Democrats the House and the Senate. Markets sold the result overnight and bought it back by breakfast; the bond market moved first.
After Mid Trump turns that night into decisions: the policies that can still become law under divided government, why the middle of the Treasury curve beats the long end, and a model portfolio built position by position, with the signals that would prove the author wrong.
88 pages · 17 charts · 228 source notes · research cutoff November 4, 2026
General information and education, not individual investment, tax or legal advice. The model portfolio is illustrative. Capital is at risk.
FINTECH SCB Insight · October 2026 · by Roberto Balbino
How the AI Boom Became a Credit Cycle—and Who Will Hold the Loss
The debate over artificial intelligence is still argued as a stock-market question. The money has already moved somewhere else.
In 2026 the largest spenders on AI stopped paying for the build-out out of their own cash. In the first half of the year, capital expenditure at Microsoft, Alphabet, Amazon, Meta and Oracle absorbed 96 percent of the cash their businesses generated. At Alphabet, Amazon and Oracle it now exceeds it. Their reported debt has more than doubled in less than two years, to about $496 billion. Another $1.2 trillion of leases, signed mostly for data centers not yet delivered, sits outside their balance sheets.
Off the Books follows the contracts. It looks at joint-venture bonds backed by residual value guarantees, vehicles that own the chips, loans secured on hardware that ages faster than the debt, and guarantees written by the chipmakers themselves. It identifies who holds the claims: life insurers and the annuities behind them, semi-liquid private credit funds, and the banks that lend to the lenders. These are the institutions least able to leave when the numbers turn.
The Insight tests its own argument against the strongest objections and sets out three paths to 2028. It also states in advance the evidence that would prove it wrong. It closes with practical guidance and a dashboard of indicators for savers, entrepreneurs, credit investors and policymakers.
Shareholders can sell in a second. The people financing the AI build-out cannot.
78 pages · 23 figures and tables · fully sourced · data to October 29, 2026
Fintech SCB Insights / Educational Master
How to Read Markets, Build Portfolios and Evaluate Hedge Fund Processes
A 64-page guide by Roberto Balbino, Founder & CEO of Fintech SCB, exploring market indicators, hedge fund strategies, portfolio construction, liquidity, leverage and performance evaluation. Includes analytical charts, practical worksheets, a glossary and institutional references. An independent framework for understanding investment decisions and questioning performance claims.
October 2026 edition · English · PDF · Free download
このアーカイブには、2026年8月21日から11月4日までに公開された、金融、経済、銀行、市場、地政学、テクノロジー、社会、ビジネス、スポーツに関する191本のコンテンツが収録されています。
市場、銀行、投資、金融トレンド。
経済政策、成長、インフレ、債務、構造変化に関する独立した分析。
政治的決定が市場、資本フロー、世界経済をどう変えるか。
クロスボーダー金融、国際ビジネス、新興市場、グローバルな機会。
ロベルト・バルビーノは国際金融・バンキングのエグゼクティブであり、Fintech SCB の創業者兼CEO。金融、バンキング、プライベートバンキング、ウェルスマネジメント、コーポレートファイナンス、M&A、国際ビジネスで40年以上の経験を有します。
その分析は数十年の金融経験と、世界の市場と経済を動かす力に対する独立した、しばしば型にはまらない視点を組み合わせています。
金融市場は数字だけで動いているわけではありません。
政治、権力、金融政策、テクノロジー、資本フロー、そして人間の判断が市場を形づくります。
Insights はこれらの力を結び付け、通説に疑問を投げかけます。
機関投資家的な思惑はありません。
国境を越えて金融と経済を捉えます。
コンセンサスを繰り返すのではなく問い直す分析。
Substack でロベルト・バルビーノをフォローし、新しい分析を受信箱で受け取れます。
フォローは無料です。
このパブリケーションをフォローするための支払いは不要です。
