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London
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2008
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Nick's blog archive

2018 (1) 2016 (1) 2014 (2) 2013 (2) 2012 (15)
Nick Ogden

Nick Ogden

Founder and Investor Director at ClearBank
Message Message me Posts: 46 Comments: 35
Bio I invented e-commerce in 1994 and ever since I have been passionate about business change and market transformation. With various excellent teams, I have also been fortunate to have had some success with my various start-up ventures. Career History Founder of WorldPay Founder of Voice Commerce Group Founder of Cashflows Founder of VoicePay Founder Business.co.uk Founder P4Racing Team Founder NOVMO Founder of Sincerio Founder of ClearBank

Blogs

Fintech innovation and startups

How do Fintech entrepreneurs get help?

08 Jan 2018

One interesting option is through the SETsquared Entrepreneur Programme for Tech Start-ups which has its next 2-day programme in Guildford - 1st and 2nd February 2018. SETsquared is the world's largest university based business incubator and has supported over 1,000 hi-tech start-ups to develop and raise more than £1.25bn of investment This progr

 

Negative Interest Rates - UK banks introduce plans to charge their customers

04 Feb 2016

Who could have predicted that in 2016, following the disasters of 2007-9 that the main banks in the UK would be planning for negative interest charges against their business customers. Never, absurd, I hear the cries of common sense but sadly true as many business customers are finding out today in their post. I quote "The interest rate we ...

 

Competition probe, your views count!

18 Jul 2014

Great News today! At last we are going to get some action over lack of competition and the shape of the financial services market for the future but only if we all engage. Alex Chisholm, CMA chief executive, is quoted as saying it was "vital" that the banking sector worked properly, which was why the full eighteen month investigation was ...

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Birth of a new Currency?

16 Jul 2014

As you may already know the leaders of the five Brics countries have announced and signed an agreement yesterday (15.July 2014), to create a new $100bn (£58.3bn) development bank and emergency reserve fund for their countries, and one would also assume this will also become available to some of their “partner” countries in due course. For many ye...

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Nick is Commenting on

FSB: Banks should be worried about BigTech not fintech

  Customer service level is a rare word in the world of banking, however, it is the #1 consideration if you are Big Tech or Fintech. Add to that the ability for Big Tech and Fintech to innovate and copy the marketing techniques of fast moving consumer goods (FMCG), without a historic bank governance layer, and the challenge, speed to market and opportunity is clear. Cloud,  is an area of active discussion and the various cloud providers have different approaches to the market. I believe that Microsoft currently holds the cybersecurity lead, using it as a key value-added differentiator, which becomes clear during a procurement process. I shared this point with the Basel Committee on Banking Standards during a meeting at the Bank of England. This is also an example of how Big Tech firms are also responding and leading industry-wide challenges, in the absence of market collaboration from the historic incumbents.  

15 Feb 2019 Reply Read article

Challengers invited to apply for slice of RBS bail out cash

  An excellent transparent approach, well done! 

22 Aug 2018 Reply Read article

Ripple exec says DLT not ready for banks...yet

  Having sat and listened to a group of very senior economists and academics from around the world debate the world of crypto and blockchain at the Bank of Finland this week, I walk away with two big questions or are they actually serious worries? The first is Forking, the ability for a lone miner, or miners in concert to split the blockchain, this has occurred already when BitCoin and Bitcash "split".  The second is a  consequence of forking and that is Orphaned Blocks - theses are the blocks that hold or held a "monetary" value that is left isolated and worthless on the dead side of a fork.  As this is apparently really possible, does it imply that no DLT transaction blocks are actually safe from fork isolation and consequent value destruction hence perhaps the Ripple statement above?  

14 Jun 2018 Reply Read article

PSD2: Laying the regulatory foundation for a new age in payments

  Consumers will soon understand the real impact of PSD2 as their personal cashflows are impacted over week-ends and bank holidays. One of the Big 4 has just written to its customers advising them that payments that arrive in their accounts on a Saturday, salary for example, will only be available for use on the following Monday, however, electronic payments due out of their account on the same Monday, when their salary will be available to use, will now be collected on the preceeding Saturday. The statement finishes with " You may need to plan how to spend your money to avoid paying overdraft fees or interest". Surely this  has to be either a legacy platform issue, as realtime payment systems, are real-time, or an uninteneded consequence of PSD2?   

11 Dec 2017 Reply Read article