1026 Results from 2017
Carlo R.W. De Meijer Owner and Economist at MIFSA
2017 was a year of interesting developments in the blockchain area. Not all happened as was expected. Many, including me, predicted 2017 to be the year that blockchain would move from proof-of-concepts into real world production. Yes, we did see some great successes here, like IBM, R3CEV, … But the number of real world applications that entered th...
31 December 2017
Bob Lyddon Consultant at Lyddon Consulting Services
This is the third of our predictions for the Payments industry in 2018, and it is about the Euro and its path to full completion. Brexit is both a threat and an opportunity for the “centralisers” at the European Commission. Their arguments will be firstly that the Single Market and the Customs Union (“Economic” union) cannot work properly and be co...
31 December 2017 /payments SEPA and European Payments
This is the second of our predictions for the Payments industry in 2018, and it is about New Entrants to the payments business. The main focus is on Third-Party Providers and Payment Institutions as ordained under Payment Services Directive. We should also mention eMoney Institutions and – more UK-centric – Challenger Banks. In sum these are the ty...
29 December 2017 /payments /startups Transaction Banking
Freddie McMahon Director Strategy and Innovation at DF2020 Ltd
Just as a reminder, Complex Knowledge is any combination of regulatory, statutory, legal, tax, tariff, policy and procedure matter, which is primarily found within documents. USE CASE: HOUSEHOLDER PLANNING PERMISSION Setting the scene The understandings from this particular use case are universal in terms of Complex Knowledge. The initial sce...
29 December 2017 /ai /regulation Innovation in Financial Services
Chris Principe CEO at APB, Inc.
It's a Crypto Crazy Christmas!! What you should have remembered that was told to you by Billy Ray Valentine. So, I do not have an inside information, if there is any, about the last two weeks in Crypto pricing. What I will say is that I am not surprised by the fatigue that the market showed the last two weeks and I expected to see this happen. In m...
28 December 2017 /sibos Futuristic Banking
This is the first of our predictions for the Payments industry in 2018, and it is about the UK's Open Banking. This is a very high-profile and government-endorsed project to open up Retail and SME banking to technology-based new entrants, who will offer innovative and exciting propositions on top of the data they can receive from banks, and the pay...
27 December 2017 /startups Disruption in Retail Banking
Retired Member
According to Gartner, by the end of 2020, 20% of citizens in developed nations will use AI for everyday operational tasks and a whopping 85% of CIOs (Chief Information Officers) will be piloting AI programs for their organizations through buy, build and outsourcing efforts. By the end of 2018, use of AI is predicted to be widespread through common...
26 December 2017 /ai /inclusion Asia Financial Services
Henry Hilska Managing Principal at Convexity Solutions
It is hard to avoid hearing about Bitcoin these days as mention of the meteoric rise in value of the crypto-currency has become so prevalent in both the traditional and social media. What is less prevalent, but what should ultimately have a greater impact overall is the technology that underpins this phenomenon, namely Blockchain. Despite some ...
23 December 2017 /retail Innovation in Financial Services
Last Christmas I had two permanent bulges in my trouser pockets thanks to my ever present wallet and mobile phone. I bought presents with my traditional bank account card using online and contactless services and I used the ATM to withdraw cash to go to the Christmas parties I attended. How things have changed! A year on and my financial habits ...
23 December 2017 Open Banking
ESMA recently issued guidance on the treatment of commodity derivatives traded on third-country venues in the context of the MiFID ll position limit regime. Prior to this is was not clear if commodity derivatives traded on a third-country exchange would be considered economically equivalent OTC (“EEOTC”) contracts and would consequently fall unde...
22 December 2017 /regulation
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