Category Archives: Uncategorized

xxx The network, called Red Belly Blockchain, was developed by the Commonwealth Scientific and Research Organisation (CSIRO) and the University of Sydney, and deployed over the Amazon Web Services (AWS) global cloud infrastructure. It was tested across 1,000 nodes in 14 countries at a benchmark rate of 30,000 transactions per second and with an averageContinue reading “Australian agency claims blockchain breakthrough”

xxx Circle noted that USDC is built on openness and accountability, with commercial issuers required to be licensed to handle electronic money, to have audited AML and compliance programs, to back all tokens on a fully reserved basis and to provide monthly published proof of reserves, to support fungible exchange and redemption of USDC tokensContinue reading “POST Strong and stable”

xxx A first time buyer whose dream to purchase a flat was temporarily derailed by a Barclays IT glitch yesterday faces heartbreak today as NatWest’s banking system failed. From First-time buyer is left ‘homeless’ as Barclays and NatWest banking crash | Daily Mail Online. xxx

xxx “You’d never manage that these days – they could probably tell you what type of dog was doing the running for you.” From “Big Sam gave me a heart monitor and I strapped it to my dog” – Ex-Wanderer Ian Marshall recalls his pet hates in training | The Bolton News. xxx

xxx In the United States currently, there’s no legal requirement stipulating a financial institution must make a consumer’s financial data available to a third party in the event that a consumer provides affirmative consent. From U.S. way behind the curve on open banking | American Banker. xxx xxx While the Treasury Department cannot address theContinue reading “POST Open Banking in the USA (not)”

xxx In a UK first, customers who receive a call from Barclays will now be able to choose to receive an alert in their app or online banking confirming the details of the employee who is calling them. From Barclays tackles phone scammers with caller ID feature. So good to see a bank doing this.Continue reading “Barclays tackles phone scammers with caller ID feature”

Remember when, earlier this year, the main US carriers Verizon Wireless, AT&T, T-Mobile and Sprint (as the “Mobile Authentication Taskforce”) announced their plan to launch a mobile authentication solution that will be available to consumers by the end of 2018. The idea of it is to securely authenticate users by using their mobile number, IP address, SIMContinue reading “Verizon, AT&T, T-Mobile & Sprint reveal mobile authentication platform to launch this year – One World Identity”

xxx Among Amazon Prime respondents, 65% would be willing to try a free online bank account offered by Amazon. Even among people who don’t buy through Amazon, 37% would be willing to try. Amazon customers are quite valuable. They control 75% of US household wealth From Can Amazon Take Customer Loyalty to the Bank? –Continue reading “Can Amazon Take Customer Loyalty to the Bank? – Bain & Company”

xxx n 1303, a Persian vizier recounted the use of fingerprints as signatures during the Qin and Han Dynasties, noting, “Experience has shown that no two individuals have fingers precisely alike.” The Chinese had realized that before anyone: a Qin dynasty document from the third-century B.C.E, titled “The Volume of Crime Scene Investigation—Burglary,” pointed upContinue reading “The Surprising History (and Future) of Fingerprints”

Alex Brazier is the Executive Director for Financial Stability Strategy and Risk and a member of the Financial Policy Committee (FPC) at the Bank of England. He’s not a techno-utopian fintech hype merchant like me, he’s an economist. Earlier this year, he gave a speech talking about open banking in which he said that “by allowing customersContinue reading “CHYP Amazon as the banking front-end”