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xxx “In the coming years, some hard choices will be required. One option is to do nothing, meaning we accept that the general public no longer has access to central bank money. Such a future would imply a changed scope for the public sector. The payment market would have to be regulated and supervised inContinue reading “Why Sweden’s cashless society is no longer a utopia | World Economic Forum”

xxx “Luca Enriques, professor of law at the University of Oxford, identifies four distinct types of regtech. In a short paper published earlier this year, he noted that market participants might use regtech for their operations or compliance, whereas supervisors and central banks might use it for oversight or policymaking purposes.” From “Capitalising on regtechContinue reading “Capitalising on regtech – Central Banking”

xxx “what is needed to have a good functioning, cashless society? A reliable payments network that stimulates innovation and competition Easy access to the network to every participant in society, both consumers as business entities” From “The war on cash: National Banks Strike Back – Data Driven Investor – Medium”. xxx

My good friend Lisa Moyle sums up the situation around Customer Due Diligence (CDD) quite well, writing that the current rules are neither effectively preventing nor capturing crime. Instead, she says, they risk making financial institutions so overly cautious that they only serve to exacerbate the problem of the un- or under-banked and create barriersContinue reading “POST AML is an almost total waste of money”

xxx “Britain is a financial-crime-fighting trailblazer. In a bid to crack down on shell-company abuse, in 2016 it became the first G20 country to introduce a public register for company owners. However, submitted information is not systematically checked. Recent analysis by Global Witness, an NGO, found thousands of ‘highly suspicious’ entries, including firms creating circularContinue reading “Britain’s war on dirty money lacks oomph – Awash”

xxx “Once the app is activated with a face scan, a QR code is generated, which is scanned by the person who needs the identification. The person being identified can decide what information is revealed. So if you want to get into a bar, for example, you can decide to only show your name andContinue reading “Netherlands using face tech with digital ID pilot | Planet Biometrics News”

It’s that time of year again. I’ve had a chat with my colleagues at Consult Hyperion, gone back over my notes from the year’s events, taken a look at our most interesting projects around the world and brought together our “live five” for 2019. Now, as in previous years, I don’t expect you to payContinue reading “Our Live Five for 2019”

xxx “‘We shouldn’t worry much about post-quantum cryptography but we should think about post-cryptography security,’ added Shamir. ®” From “Prepare for ‘post-crypto world’, warns godfather of encryption • The Register”. xxx

xxx “Then, on match days, iPhone users who have added their ticket to Apple Wallet receive a notification on their lockscreen as they approach the stadium, with an instruction to tap on it to select their contactless ticket in Wallet.” From “Los Angeles Football Club rolls out NFC ticketing on Apple Watch and iPhones •Continue reading “Los Angeles Football Club rolls out NFC ticketing on Apple Watch and iPhones • NFC World”

xxx The report notes that as a result, revenues increased from $113 million in 2016 to $143 million in 2017 to $42 million in the first quarter of 2018. From Regulation of Somalia’s Mobile Money Market Can Spur Innovation in Financial Sector Development. This means hhkhjgui