Category Archives: Uncategorized

xxx The bourgeoisie, wherever it has got the upper hand, has put an end to all feudal, patriarchal, idyllic relations. It has pitilessly torn asunder the motley feudal ties that bound man to his “natural superiors”, and has left remaining no other nexus between man and man than naked self-interest, than callous “cash payment”. FromContinue reading “Communist Manifesto (Chapter 1)”

xxx Fidor is one of the best-known names in the German fintech scene. Founded by Matthias Kröner in 2009, it has built a network of 350,000 people in the UK and Germany who are rewarded for providing each other with financial advice From France’s BPCE to buy fintech Fidor Bank — FT.com xxx

xxx he South Korean government is launching an open platform designed to let firms develop and test apps for personal finance management. According to Korea Joongang Daily, the platform will be available at the end of this month. The Financial Services Commission in South Korea announced today (10 August) that 16 banks and 25 brokerageContinue reading “Apps open up in South Korea for personal finance » Banking Technology”

xxx Token’s app generates a 16-digit number a customer can use online the same way she would a card number. It can also generate a fake yet usable cardholder name. The merchant and bank go through a cardlike authorization process; token works with both Visa and Mastercard. From One-Time Card Numbers for an Era ofContinue reading “One-Time Card Numbers for an Era of Endless Breaches | American Banker”

I think we all understand that the identity infrastructure that we have now is not suited for the connected world that it was never designed for. On the one hand, the problem seems obvious. We all need some kind of consistent digital identity (think virtual ID “card”) that can identify and authenticate us not onlyContinue reading “POST The good doctor”

At the beginning of August, Credit Suisse published their (135 page) equity research note on Blockchain. For this interesting, comprehensive and comprehensible report, they chose to use Consult Hyperion’s “4×4” model of shared ledger technologies to help to understand the technology and analyse its potential impact in a number of sectors. this report pulls togetherContinue reading “document-1063851711.pdf”

xxx Executives from Deutsche Bank and Royal Bank of Canada share their early learnings about distributed ledger technology at American Banker’s Blockchains + Digital Currencies conference in July.  From Podcast – American Banker It was interesting to hear a former Morgan Stanley banker put forward the same use case for shared ledger as I hadContinue reading “Podcast – American Banker”

xxx It isn’t hard to imagine the power that the banks would wield if we lost the option of paying for items in cash and of keeping our savings in a hidey-hole at home. They would use it as an excuse to ditch free banking in an instant. All kinds of charges would spring upContinue reading “Why I’ve cut up my contactless bank card…and you should too, says ROSS CLARK | Daily Mail Online”

xxx Rick Wingfield, a partner for the Australia Post Accelerator unit, told attendees of the Technology in Governance conference last week that he believes the technology could help the government streamline processes that involve ascertaining identity. Wingfield said: “If we’re going to successfully digitize the economy and the hard parts of the economy that haven’tContinue reading “POST Blockchain, identity and sunshine”

xxx FICO fraud consultant Martin Warwick, who provided the commentary in the map, said that the increased rate of personal data compromise through data breaches was one likely cause, but that customer expectations for a seamless purchasing experience also had an influence. “We cardholders are very demanding, and if we don’t get what we wantContinue reading “UK Card Fraud Losses Climbed 18 Percent in 2015, Largest Rise in Europe /PR Newswire UK/”