Category Archives: Uncategorized

xxx Levchin said he first got comfortable with the regulations in the financial sector when he worked at PayPal. At Affirm, he has embraced them because they tend to discourage would-be rivals in the tech industry who don’t want to deal with the hassles of operating in a highly regulated industry, he said. “I’m aContinue reading “Affirm’s Levchin Opposes Tech Breakup — The Information”

xxx “‘Assuming uptake is strong – and BPAY is a long game player – the new functionality is set to take a bite out of the credit card and direct debit segments of the payment industry that are ripe for disruption, especially on the domestic payments front” From “BPAY Reveals API Push into Core Enterprise Software |Continue reading “BPAY Reveals API Push into Core Enterprise Software | PaymentsJournal”

xxx “Central banks [are] chipping away at the dollar’s ‘exorbitant privilege’,” said Alan Ruskin, chief international strategist at Deutsche Bank in New York. Why central banks are edging away from the dollar | Financial Times: Now, economists are not the only people who are concerned about the dollar’s dominance and the consequent extension of AmericanContinue reading “Dodging the Dollar”

xxx Alex Benay is the chief client officer at MindBridge Ai in Ottawa and served as the chief information officer of Canada from 2017-19. Opinion: Canada needs to assert its digital identity – The Globe and Mail: xxx

I went along to the Centre for the Study of Financial Information (CSFI) lunchtime roundtable on “Gold in the Internet Age” because I am fascinated by the link between gold, money and now (of course) digital money. I take my hat off to Andrew Hilton and his crew because the event was outstanding. The panelContinue reading “POST Gold bugged”

xxx The view that the giant big tech firms could disrupt the banking system, and that regulators should watch out, is gaining ground. Yet the experiences of China (which has, in many ways, become the leader) suggest that this concern is exaggerated. The main reason is that big tech firms already have market power toContinue reading “Big tech: a threat to banks? – Central Banking”

xxx Alessandro Baroni, CMO equensWorldline, speaks about the technological issues regarding online identity, the role of the financial services industry in determining the future of online identity and how identity should be considered a ‘big business’ concept for financial institutions. Identity is bigger than payments: xxx

In my keynote speech at KnowID 2019 in Las Vegas, I said that we needed think about the big picture around digital identity. I said that digital identity should be seen as a fundamental defence in the cyberwar that we are already in and that has no imaginable end. It’s possible that some of theContinue reading “Cyberwar, digital identity and banks”

xxx There is no good way for a person to identify another person without first mutually agreeing on Brand identities. crawshaw – 2019-09-29: xxx

Doing away with a phone (or a card or a chip in your head) and just going with biometrics is a different issue. Biometric identification is a much harder problem and is fraught with difficulties. It can work very well with limited populations, which is why it is being installed in airports all over theContinue reading “Facial fraud”