A library of snippets
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DIGIT Lab is a five year programme providing research insights, knowledge frameworks and practical techniques to accelerate digital transformation in the UK. The Centre works with large established organizations (LEOs) to reimagine them for the digital age – in ways that go beyond the digitalization of current products and practices. The Centre combines active research, education and industrial co-development to tackle key issues.
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Bank of Jamaica Governor Richard Byles
The CBDC forms part of the BOJ’s drive to get Jamaicans, especially those without traditional bank accounts, to own and start using digital wallets regularly.
From Central bank targets large merchants for digital wallets | Business | Jamaica Gleaner:
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Mikako Fujita had been working as a barista for seven years when she began noticing, sometime in 2017, that it was becoming harder for her to do simple tasks like putting her hair up in a ponytail.
Not long after, she was diagnosed with amyotrophic lateral sclerosis, or ALS, an incurable motor neuron disease that destroys the nerve cells that control muscles throughout the body.
Four years later Fujita is still serving coffee to customers in Tokyo’s Nihonbashi district. The only difference is that now she does it from her home 300 km away in Japan’s central Aichi Prefecture.
From Japan’s ‘work-via-robot’ cafe helps disabled workers shine – Nikkei Asia:
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Remote work has become more widespread due to the COVID-19 pandemic, but it is not easy for those with severe illnesses or disabilities to jump into office work if they lack prior experience. That is why Ory Lab aimed for a workplace based more on physical labor and interaction with customers.
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Crypto technologies offer a prospect of radical improvements in financial services. However, while the financial stability risks are still limited, their current applications are now a financial stability concern for a number of reasons.
From Is ‘crypto’ a financial stability risk? – speech by Jon Cunliffe | Bank of England:
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Rita Liu, formerly of Alipay and now of Mode, links open banking and QR codes by saying that “QR codes can revolutionise the front end as they have in the East, while Open Banking can revolutionise the back end”. This is a characteristically accurate analysis of the opportunities for bringing added value to merchants. As she highlights, the direct flow of information between consumers and merchants creates a simplified, cost-effective value chain, and it can transform merchants’ engagement with customers by leveraging data to offer a truly personalised experience. This is precisely what Australia’s domestic debit network Eftpos hope to achieve with their launch of the eQR service.
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Eftpos Australia has signed up Commonwealth Bank, National Australia Bank, Coles, Woolworths, Azupay, Beem It and Merchant Warrior to support the rollout of its new QR payments platform, eQR.
From Eftpos signs up banks, fintechs and merchants for eQR roll out:
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As with other retailers, one of the attractions for supermarket chains is that their app can combine payments, loyalty and spend tracking in one and a simple quick QR scan is all that is needed to get everything done.
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Novogratz describes himself as a “giant alarm ringer” about central bank digital currencies (CBDCs) because of his concerns around governments having access to individual spending data. Instead, he prefers the idea of central banks laying out the framework of how stablecoins should operate and then having the private industry create tokens that meet those criteria and then have them run on multiple public blockchains.
From Mike Novogratz on Crypto Excess That’s ‘a Recipe for Disaster’ and Stablecoins.
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Authorities in the United Arab Emirates have requested the US Department of Justice’s help in probing a case involving a bank manager who was swindled into transferring $35m to criminals by someone using a fake AI-generated voice.
From Criminals use fake AI voice to swindle UAE bank out of $35m • The Register.
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But I do think it’s worth remembering that, over the last six months, there were basically four kinds of content doing well on the platform: Right-wing pundits, K-Pop blogs, the occasional NPR story, and years-old posts about animals from weird content farms. And none of these are actually getting a lot of interactions.
From Pawsome Animal Stories – by Ryan Broderick – Garbage Day:
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Of the transactions that fail following a payment request, CMSPI figures show that 20% are “false declines”. These are good customers, with sufficient means to pay, who are prevented from doing so.
From SCA: EU failure average of 26% leads to e-commerce losses of €82 billion:
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Eftpos Australia has signed up Commonwealth Bank, National Australia Bank, Coles, Woolworths, Azupay, Beem It and Merchant Warrior to support the rollout of its new QR payments platform, eQR.
From Eftpos signs up banks, fintechs and merchants for eQR roll out:
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