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186 Results from 2017, /payments

Retired Member

Retired Member 

Machine Learning Could be Your Bank’s Next Data Scientist

Good Help is so Hard to Come by After All As of the writing of this article, the popular recruiting site Indeed.com returned 1745 search results for the query “Data Scientist Financial Services” (If you’re in data science, hang with us for a second before you scurry over there). Google returns pages upon pages of results when prompted to find the ...

/payments /regulation Financial Risk Management

Retired Member

Retired Member 

Cashless Society: A Dystopian Future?

Following on from the UK’s decision to introduce new coins, there has been a lot of debate around the value of the expensive change over. So much so, that many have looked at whether we would have been wiser to increase the security and adoption of contactless payment methods and digital currency, than investing in a declining payment method – cas...

/security /payments Trends in Financial Services

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Retired Member 

FinTech and the Digital Strategy

Targeting a frictionless future for business Karen Bradley, the Secretary of State for Culture, Media & Sport, vowed earlier this month to develop a world-leading digital economy that works for everyone, making the UK the best place in the world to start and grow a digital business. But does this pledge go far enough to allow the FinTech indus...

/payments Trends in Financial Services

Ketharaman Swaminathan

Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions

Quantifying The Risk Of Online Payment Failure

I had to pay college fees of INR 300,000 (~US$ 4615). The college supported an array of digital and paper-based payment options viz. Digital: Log in to college website, use college’s ePayment Gateway and pay by Credit Card. Paper: Demand Draft. I evaluated the pros and cons of both options. DIGITAL PAYMENT Pros: Credit card reward points: 3000 (@ ...

/payments /regulation

Lu Zurawski

Lu Zurawski founder, iKnowMe at Lu Zurawski

The Coin Nudger - will cash ever fall off the edge?

Today's introduction of the new one pound coin has nudged me into contemplation. Isn't it a bit weird that our that society still relies on increasingly complicated metal disks as a way of exchanging value? How deeply rooted is cash in our society? Is it ever likely to be replaced completely by electronic money? A quick consideration of amusement a...

/payments /retail

Anthony Walton

Anthony Walton CEO at Iliad Solutions

The API opportunity and how to successfully innovate in payments

APIs are one of the most talked about topics in the industry. They present a new way of working which can speed up development and increase the amount of features and applications available to new product development teams, as well as exposing services to partners, and even in some cases competitors. I believe that APIs are going to be among the k...

/payments Innovation in Financial Services

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Retired Member 

Innovation, Magic, and Image-Based Cheque Clearing in the UK

Good things come to those who wait, and the good news for those who have been waiting for the UK to roll out its image-based cheque clearing system is that the end - or more appropriately the beginning - is finally in sight. The details can be found in this helpful article that outlines the UK's intention to roll out the system this October. For t...

/payments

Retired Member

Retired Member 

Digital stupidity: mobile wallets that mimic physical wallets

My physical wallet is useful - it helps me store a number of valuables and memories but it is dumb. It doesn't know anything about me. Ironically, we are creating the equivalent in digital or mobile wallets in spite of the fact that digital wallets have the potential to be more intelligent, understand our preferences, and provide contextual help a...

/payments Innovation in Financial Services

Retired Member

Retired Member 

Does the EBA’s risk based approach to Strong Customer Authentication destroy frictionless payments?

There has been a flurry of excitement since the publication of the EBA’s draft Regulatory Technical Standards (RTS) on 23rd February 2017. While there is much to consider within its 153 pages, the focus of this blog is on Article 16 and the new Transaction Risk Analysis approach to exempting transactions from Strong Customer Authentication (SCA)....

/payments /regulation Financial Services Regulation

Retired Member

Retired Member 

Establishing a Payment Institution in Lithuania

Given the possibility of the upcoming UK's withdrawal from the EU, Lithuania has offered an interesting proposal for licensing of payment institution. The Lithuanian regulator proposes to issue payment licenses under accelerated program to all claiming companies already having similar licenses in the UK. With such kind of insurance in case of Brexi...

/payments /regulation

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