Category Archives: Uncategorized

xxx he Financial Conduct Authority has promised to play an active role in the development of regulatory technology after an “outstanding response” to a consultation on the issue. From FCA pledges to act as catalyst for ‘regtech’ – FTAdviser.com xxx

xxx Mr Stephen Mwaura, CBK’s Assistant Director National Payments System informed a plenary at the exhibition that up to Sh100 billion is transacted daily through Real Time Gross Settlement (RTGS)-the continuous (real-time) settlement of funds individually on order basis. The amount transacted through RTGS far outstrips about Sh15 billion that is transacted daily on theContinue reading “Kenya : Kenyans transact Sh100b daily through Central Bank’s RTGS – The Standard”

It’s really hard to be James Bond these days. Apart from health & safety restrictions on the use of poison umbrellas and the legal restrictions of the murder of foreign-looking goons, and all the paperwork around the expenses, you’ll be rumbled in an instant by your Facebook account. Because you don’t have one. It isContinue reading “POST 007.com”

xxx According to [Claus Richter from Nordea], while it is impossible to know exactly what a successful revenue model will look like in an Open Banking world, there are number of possibilities ranging from existing transaction fee-based models to licensing deals with fintech firms. From VocaLink Connect – Review from SIBOS – Day 1 xxx

xxx “There’s a convergence going on,” said Mr. Birch, who currently works for Consult Hyperion. “In the future you will have one experience — it won’t matter if you are at the store or on the phone. It will pop up on your phone, you will put your thumb on it and you will beContinue reading “What if ‘One Click’ Buying Were Internetwide? – NYTimes.com”

xxx Miller is one of nearly 10,000 living Americans who are erroneously reported dead to the Social Security Administration (SSA) each year. In most cases, the citizens’ names, birth dates and Social Security numbers are mistakenly entered into SSA’s master death file, a computer database used by government agencies, financial institutions, medical researchers and genealogists.Continue reading “‘I’m not dead,’ Central Florida man says”

The wonderful people at WorldPay had a hackathon, and Consult Hyperion (along with the Visa Collab and MongoDB) were one of the sponsors of the event, so I got to be a judge too. It was, I have to say, great fun. //embedr.flickr.com/assets/client-code.js You can see some of photos from the event here. There wereContinue reading “Hanging at the hackathon”

xxx we won’t even feel like we’re transacting anymore From Neha Narula: The future of money | TED Talk Subtitles and Transcript | TED.com xxx

For anyone interested in the evolution of electronic money and the intersection between digital financial services and the real world, Kenneth Odero has written a superb study of the failure of the Kenya’s attempt at cashless public transport. I won’t quote the key points – I urge you to read the whole – but IContinue reading “Kenya’s Cashless Payment System For Public Transport Was Doomed By A Series Of Experience Design Failures”

xxx In an report this week, researchers at Kaspersky Lab said they discovered at least 12 underground sellers offering skimming devices capable of stealing fingerprints from ATMs enabled with fingerprint scanners.   From Biometric Skimmers Pose Emerging Threat To ATMs xxx