Category Archives: Uncategorized

xxx “What is blockchain? First and foremost, Blockchain is a public electronic ledger — similar to a relational database — that can be openly shared among disparate users and that creates an unchangeable record of their transactions, each one time-stamped and linked to the previous one.” FAQ: What is blockchain and how can it help business?Continue reading “FAQ: What is blockchain and how can it help business? | Computerworld”

xxx “Students at a Mumbai chemical college succeeded in spoofing a fingerprint attendance device with fake fingerprints.” via Indian pupils cheat biometric system with glue | Planet Biometrics News xxx

xxx categorizing all unreported cash as “black money” risks putting into one policy basket the multiple (and legally valid) contexts that lead people to keep money hidden and store value in cash form. In particular, a large section of women, including many belonging to the middle class, have had good reasons to hide their smallContinue reading “IMTFI Blog: demonetisation”

xxx Amazon, Apple, Google, Intuit, and Paypal just asked Congress for a unified federal alternative to state money transmission licensing. In a letter to congress, their industry group, Financial Innovation Now, explained how state-by-state money transmission licesing is a major impediment to innovation in financial serivces here in the US From Amazon, Apple, Google, Intuit, andContinue reading “Amazon, Apple, Google, Intuit, and Paypal just asked Congress for a unified federal alternative to state money transmission licensing. | Coin Center”

There’s so much that needs to be thought through about “open banking” before it turns into a thing across Europe. For one thing, we are a long way away from being able to go online and download a standard European bank account API (there is no such thing, by the way) and then activate it byContinue reading “Open to privacy”

xxx Over in the Livery Hall, a lively discussion about open banking was introduced and expertly steered by Dave Birch, head of innovation, Consult Hyperion. From London Leads the Way in Regtech Innovation Well, to be honest to success of the Open Banking session was more to do with the fact that the expert panelContinue reading “London Leads the Way in Regtech Innovation”

xxx Banks operating in the EU will be able to verify the identity of customers and carry out due diligence checks on a wholly digitised and cross-border basis under plans outlined by the European Commission. From Digital ID and fintech at the heart of new EU consumer financial services action plan When the Commission sayContinue reading “Digital ID and fintech at the heart of new EU consumer financial services action plan”

The good people at BBVA Research recently published a paper on central bank digital currencies (Central Bank Digital Currencies, Gouveia et al, March 2017) in which, amongst other conclusions, the authors say that “we also consider it likely that a scenario in which CBDC is anonymous, universal and non-yield bearing will be implemented”. But whyContinue reading “I still don’t get it”

xxx “‘If all I want to do is take your phone and use your Apple Pay to buy stuff” That Fingerprint Sensor on Your Phone Is Not as Safe as You Think – The New York Times xxx

How fun was Innovate Finance Global Summit 2017 at the Guildhall this month! Great agenda, great speakers, great location and sunshine! //embedr.flickr.com/assets/client-code.js xxx