Category Archives: Uncategorized

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

xxx Late last week, about 60 percent of the conversation was driven by likely bots. Over the weekend, even as the conversation about the caravan was overshadowed by more recent tragedies, bots were still driving nearly 40 percent of the caravan conversation on Twitter. From Here’s How Much Bots Drive Conversation During News Events |Continue reading “Here’s How Much Bots Drive Conversation During News Events | WIRED”

Danny Gilligan, co-founder and managing director of the Westpac-backed Reinventure Group in Australia put forward a similar criticism recently, saying that “the fundamental flaw of the UK’s open banking model is to stipulate the flow of raw, sensitive transaction data from high security banks to low security fintechs” arguing that that is building systemic riskContinue reading “Fintech independence: Why Australia should beat, not copy flawed UK open banking | afr.com”

I remember when Alex Tapscott wrote an op-ed for The New York Times in which he said that “using blockchain technology, online voting could boost voter participation and help restore the public’s trust in the electoral process and democracy”. As I said at the time, he was wrong. It’s got nothing to do with theContinue reading “Blog Online voting is a bad idea and "the blockchain’ makes no difference”

As the President of the FATF wrote in the Financial Times recently “This past week, the FATF, whose global network consists of 204 countries, amended the organisation’s standards as they apply to financial activities involving virtual assets and also to businesses which deal in them — including virtual currency exchanges and some ‘wallet’ providers. It has agreedContinue reading “Virtual assets and financial crime now go hand in hand    | Financial Times”

xxx “A former United Airlines employee has been given a federal prison sentence after stealing meal vouchers from the carrier, Peoria’s Journal Star reports. The outlet reveals that despite being fired by the carrier back in 2016, Ollantay Corujo kept his uniform and badge, using them to access computers at various terminals around the countryContinue reading “United Employee Sentenced for Stealing $500K Worth of Meal Vouchers – FlyerTalk – The world's most popular frequent flyer community”

xxx “According to data from Crone Consulting, the number of online mobile app transactions using Apple Pay is ‘growing much faster’ than transactions made inside retail stores.” From “Apple Pay ‘Making Up a Lot of Ground’ With Competitors Thanks to Success of Apple Pay Cash – MacRumors”. As I have consistently maintained, it’s all aboutContinue reading “Apple Pay ‘Making Up a Lot of Ground’ With Competitors Thanks to Success of Apple Pay Cash – MacRumors”

xxx “So why the clamor for its return? Nostalgia, said economist Charles Wyplosz. ‘People long for a simpler age,’ when the U.S. ‘was the dominant economy and there were no financial markets to speak of.’” From “Why Did the U.S. Abandon the Gold Standard? | Mental Floss”. xxx

xxx Abu Dhabi police are warning local residents that money may be stolen from their bank balances through “electronic magnetisation” and exploitation of contactless payment technology. The warning comes after widely shared videos emerged on social media purporting to show contactless payment technology being used to steal funds from victims without their knowledge. In aContinue reading “Abu Dhabi police warn of contactless card thefts – ArabianBusiness.com”

A generation back, in the July 2000 edition of Harper’s Magazine, Dennis Cass wrote (in an article on Silicon Valley) about “the kinds of things you’ve heard bores like Nicholas Negroponte drone on about in Wired magazine, like shoes that can send e–mail to other shoes”. I wrote this down at the time, because I hadContinue reading “POST It’s worse than you think”