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One of the first things taught in the theory of statistics is that correlation does not mean causation. Falls and rises in a couple of trends may match up, but that doesn’t necessarily mean that one c...
What’s wrong with these people? Is it because mathematics has been dropped from the engineering syllabus at universities, or is it because everyone employs the same incompetent security people to do t...
It took me 51 hours to get home from Singapore. Don’t ask! Before I arrived back in San Francisco the good folks in SWIFT Standards were already busy comparing notes and transcribing the snapshots o...
The other day, a reputable digital banker asked me, “How many lives does PFM have?” I smiled. Whereas Digital Money Management (also known as PFM, Personal Financial Management) in Europe is arguably...
The results are in. 43 approved Change Requests impacting 60 message types for a total of 201 changes altogether. Sounds high, 43, doesn’t it? Well, it is 50% higher than 2015, but significantly le...
A whopping two billion people don't have access to any formal financial service. To put that in perspective, that’s twice the number of people who don’t have cell phones. Fintech represents a huge opp...
Market participants are usually surprised to find that the governance of the ISIN system is not the responsibility of ISO (the International Organization for Standardization). As the Association of N...
To nobody’s surprise the exciting predictions for the world of crowdfunding in 2015 were not entirely wrong. In fact, most of them were entirely right. So have an early Christmas present, wonderful fo...
By recommending that the European Commission should adopt Technical Standards that mandate the use of only ISINs for MiFIR regulatory reporting, ESMA has in practice reinforced the sole-supplier statu...
Over the last few years, the retail industry has evolved to cater to new shopping habits and consumer trends – particularly in the light of new NFC technologies such as Apple Pay. This has pushed me
Looking ahead to 2016, it’s clear there are going to be new KYC rules drafted or implemented around the world. These new rules will require banks and investment managers to challenge the way they cond...
If You Can't Beat Them, Join Them First of all, a confession is due. After weeks of fretting over the futility of predicting the future of technology, I have now formally joined the high minded sport ...