Category Archives: Uncategorized

We all know that “Open Banking”, by which I mean a regulatory environment that enables third-parties to have access to banks’ accounts (with the informed consent of the account holders, of course) is on the way. Regulators around the world are looking at what is going on in Europe (where the regulators are forcing banks toContinue reading “POST Open banking and APIs, again (Brexit edition)”

xxx “The electronic endorsement of a bank, an organisation accountable to no one but its owners, is required.” via You can’t spend a penny without being snooped on | David Mitchell | Opinion | The Guardian As it happens, this isn’t true since, as I myself blogged some time ago, you can pay using AviosContinue reading “You can’t spend a penny without being snooped on | David Mitchell | Opinion | The Guardian”

xxx “The financing of the terrorist attacks which took place in France in January and November 2015 have been analysed in detail by the Center for the Analysis of Terrorism, a leading European Think Tank on the analysis of terrorism. The report – The Financing of the Paris Attacks (in French) – concludes: via AndContinue reading “And here we go again!”

xxx “Since then, I’ve thought to myself that anyplace where there is the possibility of fraud and corruption – money laundering, investing in sharia-compliant products, moving funds offshore, giving to charities, paying taxes, managing government funds and more – could be assisted by DLT.  It could provide a fully transparent, tamperproof view of who paidContinue reading “POST Corrupting the blockchain”

I saw an interesting comment about the recent Google I/O conference, referring to the opening up of the European payments marketplace under PSD2. It came in a discussion about Google wallet: For now, the service is linked to a user’s credit card, but not for long (at least for European users), Daniel Döderlein, CEO forContinue reading “POST Cards vs non-cards or cards and non-cards?”

xxx “A digital facial scan of the customer is recorded when they travel through security, and when they arrive at the gate, their face is matched with this representation when they present their boarding pass – allowing them to board the aircraft.” British Airways introduces new automated biometric technology – International Airport Review xxx

Some good news arrives from our friend at Financial Fraud Action (FFA), the body tasked with reducing financial fraud in the UK. Remote banking fraud losses totalled £137.1 million, a 19 per cent decrease from £168.6 million in 2015. From Financial fraud data for 2016 published : Financial Fraud Action UK Great news. Except…  “But theContinue reading “POST Faster fraud”

xxx “But did paying for everything with a card mean he spent more? ‘It’s certainly less tangible, you don’t see the money flowing in and out but I don’t think I’ve spent more or less than I would otherwise have,’ he says, adding that it can be even easier to keep a track on mobileContinue reading “Cash free for a month: an experiment in new ways to pay”

xxx RegTech has been supplying some of the best use cases in banking. From the early customer engagement stages like KYC and Identity to compliance management, risk and reporting, the potential to reduce costs and create new customer engagement opportunities is tremendous for RegTech. Banks are also actively looking for solutions to better interfaces withContinue reading “How do you define RegTech?”

xxx n a letter written to the committee and published today, the chairman of the Financial Conduct Authority, John Griffith-Jones, said the regulator is already working with banks to provide more protection for customers. He said measures being looked at include ‘removing any onus on customers to identify fraudulent transactions’ From Don’t force people toContinue reading “Don’t force people to use tap and go cards, banks are told | Daily Mail Online”