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London
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2008
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Security Payments Retail banking Start ups Covid-19

Nick's blog archive

2020 (1) 2018 (1) 2016 (1) 2014 (2) 2013 (2) 2012 (15)
Nick Ogden

Nick Ogden

Founder and Chief Executive at RTGS.global
Message Message me Posts: 47 Comments: 46
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 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 Founder of RTGS.com and RTGS.Global

Blogs

Banking Strategy, Digital and Transformation

The Start

20 Apr 2020

The announcement this am that the UK Government is supporting tech startups with up to £1.2Billion is great news, and as I predicted last week, matches the existing approach used by the BCR, the Banking Competition Remedies Scheme. That scheme albeit still in its early days is showing real results amongst its fintech participants. This scheme ann...

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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Nick is Commenting on

Barclays rolls out digital receipts

  This made me smile. In 1995 when we built Barclaysquare, a JV between us and Barclays I introduced the concept of digital receipts which then became a standard service component for all merchants in the subsequent roll-out of WorldPay. BarclaySquare launched on 1st June 1995 and the front page of the Financial Times headline said "New virtual shops free from fraud". This was true then due to the very low number of internet shoppers. We eventually morphed those receipts in 2001 into the WorldPay Internet Payments guarantee, to protect consumers against fraud and merchants against chargebacks that had developed during those 5 years.   

05 Feb 2021 Reply Read article

PayPal Ventures pumps £9 million into Modulr

  I am pleased that Miles is helping us tackle financial friction - if you want to see the exact incurred this year, the real-time counter is available on the RTGS.global website.   

18 Nov 2020 Reply Read article

Microsoft tests show SCA leads to checkout abandonment

  And of course this happened when 3D secure was originally introduced. We need a better solution, and industry collaboration on adoption, before its introduced? 

10 Aug 2020 Reply Read article

Calls grow for FCA to introduce new rules in wake of Wirecard scandal

  I think the regulations are very clear regarding client funds and safeguarding, it is the firms and individuals that create the issues. That said a set of regulatory standards, with legal penalties, that could be applied to the auditors who take on any regulated business is long overdue. The auditors are the bridge or conduit between the firm and the regulators, and by making their role responsible under the statute would ensure at the very least that all bank balances and safeguarding funds were accurately identified and reported.  As a very good audit manager once said to me on a potential regulated acquisition, start with the bank statements and work backward...  

14 Jul 2020 Reply Read article