Category Archives: Uncategorized

Identity and money   Mark King   I think I might touch on this in my keynote talk on Digital Identity at FinTechStage in Cannes on November 30th.

As I always tell everyone, the fastest way to learn is by arguing with smart people. So I particularly enjoyed arguing with old chum Ian Grigg about the relationship between cash use and tax evasion. I decided to take the time to go and research some up-to-date figures. The average bank spends £40m a yearContinue reading “POST Cash and compliance”

snippet Big questions remain for all these guys about security. How much of the data used for verification will be kept? How will the data be protected? To what standard? [From net.wars ] snippet

Some people really can seen into the future. 50 years ago this was already clear In 1968, Paul Armer of the RAND Corporation testified in front of a U.S. Senate subcommittee about his concerns for privacy in the future. [From The Privacy Dangers of a Cashless Society Were Clear Over 40 Years Ago ] snippetContinue reading “The Privacy Dangers of a Cashless Society Were Clear Over 40 Years Ago”

xxx The technology that repelled the hackers was a style of software programming known as formal verification. From Computer Scientists Close In On Perfect, Hack-Proof Code | Huffington Post xxx

xxx American money is private. Sweden has embraced cashlessness more readily in part because it finds the value of currency in the transfer and velocity, the social path it follows, the bonds it traces. It’s social: a network conception of wealth. From Imagining a Cashless World – The New Yorker xxx

xxx Last summer brought Sweden’s first Swish mugging, when two thugs beat up a man and forced him to Swish them. The criminals were rapidly identified by their account. From Imagining a Cashless World – The New Yorker This has to be a candidate for the most stupid crime of the year. I realise itContinue reading “Yes, I know, no cash does not mean no crime”

xxx Credit and debit cards and e-money make up only 17 percent of the Japan’s retail consumption, versus 85 percent in Korea, 56 percent in Singapore and 35 percent in India, according to a 2015 report by the credit association. Usage in the U.S., which includes data only for credit and debit cards, exceeds 40Continue reading “Music Fans Start to Rock Japan’s Cash-Loving Economy – Bloomberg”

While I was behind enemy lines at Security Printers 2016, I picked a copy of a report from Guillame Lepecq’s Cash Essentials. One section of the report talks about the European Commission’s 2010 recommendation on Legal Tender, which I’ve written about before. A bank person mentioned to me that they think the European Commission’s recommendation onContinue reading “Cash on principle”

The accountants PwC have published a report that lists the ten most important technology-driven forces that will shape competition in the financial services industry by 2020 for financial institutions. They say that these are: FinTech will drive the new business model The sharing economy will be embedded in every part of the financial system bringing togetherContinue reading “Top 10 technology forces that will shape financial services in 2020”