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London

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2017

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Cloud Predictions

John's blog archive

2023 (1)

John Schlesinger

Chief Enterprise Architect at Temenos

Message Posts: 1 Comments: 6

Blogs

Banking Architecture

Maximising Efficiency with Cloud and SaaS Banking Software

12 Apr 2023

As one of the first 10,000 users of Netflix, I've been following their progress closely for more than a decade. Netflix was early to the streaming game and began building their data centers for not only the faster distribution of their content, rather than using the postal service but also to manufacture their content, rather than using DVD factor...

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John is Commenting on

The Card Payments Value Chain Analysed (Part I)

It depends on whether it is a credit card or a debit card. For a debit card, the payment hub will contact the core banking system for each stage - first a funds authorisation request and then the funds clearing request (which some banks call deal completion). Typically, the core banking system does not manage revolving credit accounts, so the core system will not be involved in authorising and clearing credit card transactions.

02 Mar 2023 Reply Read article

Central bankers split on CBDC future

Good points Andrew. On replacing physical cash with digital cash, clearly it doesn't solve financial inclusion but it can make it worse if you require KYC, AML and a bank account.

17 May 2021 Reply Read article

Central bankers split on CBDC future

This is about widely available digital cash, it is not about wholesale and it is not about bank accounts. m-pesa in Africa, predominantly Kenya, is account based mobile money. The digital cash will only replace physical cash if it is anonymous and if it can be used offline with immediate finality. So forget blockchain based payments fo any large country, clearing cannot be on a blockchain, though minting and settlement could be. As this has to include the unbanked, forget KYC and AML. This means there will have to be caps on the size of payment and balances in wallets.

17 May 2021 Reply Read article

Existing digital currencies unlikely to last says BofE governor Bailey

It is not just volatility, it is also throughput. Bitcoin is set up for settlement but not for clearing. It seems that Satoshi Nakamoto got them confused...

26 Jan 2021 Reply Read article