Latest opinions that Jeremy Light has shared on Finextra

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Jeremy Light

Co-founder

Fourdotzero

Member since

24 Jun 2009

Location

London

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Jeremy's opinions

Consumer protection in payments - open banking implications

Do payments systems need consumer protections built into them? Most countries have consumer protection laws for purchases, with additional protections if paid with credit, removing the need for payment systems to define their own rules. However, payment systems need users and it benefits them to be user friendly, in particular in three areas whe...

25 February 2025 /payments /retail Open Banking

National Payment Visions and Strategies

National payment visions and strategies are in vogue and have been for a while. Examples include: - UK: National Payments Vision - 14 Nov 24, HM Treasury - Ireland: National Payments Strategy – October 2024, Government of Ireland - Europe: A European Retail Payments Strategy – 2019, updated Nov 2023, ECB - India: Payments Vision 2025, June 2022, Re...

28 January 2025 /payments /retail Payments strategies 2015-2020-2030

Payment atomisation - seven years on

Seven years ago, I wrote here about the acceleration of electronic payment volumes due to emerging new business models enabled by technology. These allow us to pay in the moment, at the point of need causing payments to atomise – the transition from lower volumes of higher value transactions to higher volumes of lower value transactions. For examp...

21 January 2025 /ai /payments

UK Open Banking Payments in 2024

A year ago, I believed UK Open Banking payments were on a roll. Total payment initiations for 2022 were 68 million payments, an increase of 171% over 2021, showing a strong foundation for Open Banking. At this rate, I believed 1bn payments a year could be reached in 2025, a level where Open Banking would be firmly established in the UK payments la...

09 January 2024 /payments /predictions Open Banking

The Risks to Society of Central Bank Digital Currencies

There is much written about CBDCs but little on the risks to society a CBDC would create. I see these risks falling into three categories: 1. economic 2. financial 3. human rights Economic Risks The key economic risk is inflation. A CBDC can be created at the press of a button and distributed widely, inflating the money supply without any correspon...

17 January 2022 /payments /crypto Blockchain in Banking and Financial Services

Bitcoin at 50,000 USD

Bitcoin at 50k USD In March 2018 I posted a Finextra blog “Bitcoin at 50,000 USD”. It was framed as a scenario rather than a prediction and I observed that no-one could possibly know with any certainty what would happen next with Bitcoin. However, the objective of the blog was to examine what Bitcoin and the crypto landscape would look like should...

18 February 2021 /payments /crypto Blockchain in Banking and Financial Services

Big Brother is Watching You - Payment Systems, Surveillance Systems, Control Systems

1230 words, 4:50 min read An Orwellian Dystopia As more and more payments become digital, a key question for payment systems architects is how to preserve the privacy of their users. Without privacy, payments systems risk becoming surveillance systems for government agencies and for corporations. In turn these can be extended into control systems ...

29 September 2020 /payments /regulation The Payments Business

The Future of Money and Payments

1200 words, 4.5 minute read Central bank balance sheets are ballooning the world over, and in parallel, adoption of shared ledgers using blockchain is accelerating. These major shifts indicate the global architecture for money and payments is on the cusp of structural change. Blockchain analysis and debate are dominated by a focus on cryptocurrenci...

08 September 2020 /payments /crypto Blockchain in Banking and Financial Services

Fintech Resilience - a Lesson from Wirecard

770 words, 3 minute read The Wirecard debacle has hit the headlines with a vengeance, begging the question: flawed regulation or flawed Fintech models? On first appearance, it feels like that there is a regulatory problem. However, it looks like this is an old fashioned accounting fraud, that just happens to be with a payments processor. The missin...

06 July 2020 /payments /regulation Fintech

Programmable Value Explained

(560 words 2 min 30s read) In November 2019 I blogged about how programmable value is the future of financial services. However, it is evident from reactions I have had that the concept and implications of programmable value can be difficult to grasp. A clearer explanation is needed, so here goes. Digital money is widespread in mobile and online ba...

04 February 2020 /payments Blockchain Observations

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