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Bob Lyddon

Consultant

Lyddon Consulting Services

Member since

30 Sep 2007

Location

Thames Ditton

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Bob's opinions

Italian government decides on path out of Budget dispute with the EU - with a FinTech innovation

The bridge over the Rubicon has been built and we now just wait for Caesar to cross it - key decision-makers in Rome have decided how to get themselves out of their impasse between their proposed Budget and EU Fiscal Stability rules. They have made up their mind to issue a parallel currency denominated in Euro in 2019, in the form of banknote-sized...

29 November 2018 /wholesale Fintech innovation and startups

The curious incident of company No. 11536954 - Pay.uk Limited, founded three months ago

Pay.uk Ltd was founded three months ago (on 25th August 2018) as a company limited by guarantee no. 11536594 and registered to 2 Thomas More Square, London. Is that a surprise to you? It might be. On 10th October 2018 it changed its name to NPSO Ltd, NPSO being short for New Payment System Operator Ltd. There already was an NPSO Ltd – a company li...

26 November 2018 /payments Transaction Banking

Request to Pay: challenges for the Treasurers of Creditors, but bonanza for the Treasurers of Debtor

“Request to Pay” or “RtP” is a new service planned for the UK by Pay.uk (formerly known as New Payment Systems Operator), and is likely to be adopted in some form within the Single Euro Payments Area as well. The basic concept is that an invoice for regular utility supplies – like water, gas, electricity, phone – is not collected via Direct Debit a...

21 November 2018 /payments Transaction Banking

What we learned about Pay.uk’s Confirmation of Payee service

On 18th October 2018 Pay.uk - the re-branded New Payment System Operator - held a launch event and distributed brochures about their new service called Confirmation of Payee, or CoP. We have previously labelled Pay.uk’s approach to CoP as a “CoP-out” and so it has proved. CoP is the service that up to now was: Meant to solve Authorised Push Payme...

30 October 2018 /payments Transaction Banking

What we learned about the UK's New Payments Architecture

On 18th October 2018 Pay.uk - the re-branded New Payment System Operator - held a launch event and distributed brochures about their procurement process for a strategic partner with whom to develop the New Payments Architecture - or "NPA" - for the UK's retail payments. The prospectus was entitled "Enabling a vibrant UK economy"...

23 October 2018 /payments Transaction Banking

Bank of England, the main roadblock to opening up UK payments

We learned on Thursday 18th October 2018, at the launch event of Pay.uk, that any renewal of the UK's retail payments infrastructure will have to wait until after the renewal of the Bank of England's payments infrastructure. This is by far the first instance of the Bank of England standing in the way of innovation, new competitors, new services an...

21 October 2018 /payments Transaction Banking

Pay.uk, our new zaibatsu

[Sourced from the research behind Project Carlton] New Payment System Operator Ltd has just changed its name to Pay.uk Ltd, a shatteringly unoriginal name and unfortunate in that NPSO was meant to signal a clean break from the previous power structure over the UK payments landscape. Payments UK, the previous industry trade body, scarcely lies cold ...

14 October 2018 /payments Transaction Banking

Eurozone private banks gear up to replace Eurosystem Asset Purchase Programmes

The Eurozone banking system will have to gear itself up this autumn to take over the supply of credit from the Eurosystem, as the Eurosystem’s version of QE - called Asset Purchase Programmes – is wound down. The winding-down is in stages. There will be no new purchases to start with, and then the proceeds of maturing bonds will no longer be re-inv...

09 October 2018 /payments /wholesale SEPA and European Payments

Another week at New Payment System Operator and another I cannot BELIEVE it moment or three

New Payment System Operator never fails to disappoint in terms of its governance and processes. Three Victor Meldrew moments in one week – that is a new record. Firstly we have an announcement that Louise Beaumont, a member of NPSO’s End User Advisory Council (“EUAC”), has taken on a role as Industry Advisor at the large Fintech Bottomline. That is...

14 September 2018 /payments Banking Architecture

Turkish bank Non-Performing Loans soon to hit World Class levels

Turkish bank Non-Performing Loans (“NPLs”) will soon be reaching World Class levels, even if the bar has been set very high by the banking systems of Greece and Cyprus: only NPL levels of 40-45% of total loans gets you into this elite club. This is where a main result of the decline in the value of the Turkish lira will play out, and we have to be ...

09 September 2018 /wholesale Trends in Financial Services