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Ketharaman Swaminathan

Ketharaman Swaminathan

  I never thought my joke will come true but it has.  I read on Quora today that a certain electric company in Bombay, India, is offering loans for paying monthly electricity bills. So, subscriptions are not going to challenge loans.
John Cragg

John Cragg

  Hi Jamie, thanks for your comments, as we are only offering Payment HSMs as a service we do not hold or control any Data at all and therefor do not come under the control of jurisdiction. The payment HSM process is a challenge and response, where the HSM processes a command and returns a response. There is zero data held or stored and the communication is all over TLS. For my part, as with so many evolutions I firmly believe this will become the norm once people look at the solution in detail and accept that outside organisations can offer solutions that are at least as secure as inhouse offerings. I think the point you make is more around where the Payment Application sits  which is in the cloud and this could be a concern under.   
Ketharaman Swaminathan

Ketharaman Swaminathan

  After reading this tweet, I'm not so sure if I want my bank to move to the cloud. Pay-per-Use paradigm of Cloud will most likely deliver inferior CX.
Simon Lyons

Simon Lyons

  I can only speak with authority and empirical experience on the UK. For me the push from the UK banks and the fintech sector is material to say the least. Our own govermnent is taking the initiative very seriously. Multiple sectors are experiencing support to transform Open Banking from a compliance exercise to a commercial set of propositons. That is key. Tell me are Openpayd enrolled and active within Open Banking?