1148 Results from 2018
Retired Member
A London Business School professor recently made the rather dramatic claim that parting with cash is “psychologically painful”, but that paying for items with a contactless card “anaesthetises the psychological pain that accompanies payment, seducing us into splashing out”. In fact, according to the UK Card Association, £3.9bn was spent in the UK ...
21 May 2018 /payments
Bob Lyddon Consultant at Lyddon Consulting Services
Qualifying applicants under the UK Financial Conduct Authority's Senior Managers Regime must complete a lengthy form and, in certain circumstances, provide full explanatory information. A candidate must give full answers to all the questions and in such a way that the result is not "materially false, misleading or deceptive". Otherwise t...
20 May 2018 /payments Banking Regulations
In an increasingly crowded fintech market we take a look at what we can potentially learn from the dating scene and how it may help to negate the unhappy story of the fintech providers who are being left on the shelf with no one willing to engage. Reputation Today’s digitally driven world means that anything can become ‘viral’ in seconds, minutes o...
20 May 2018 Capital Markets Technology
Although Blockchain seems to be have dived into the “through of disillusionment” -downhill side of the “hype cycle” (1), and is now commonly bashed across the financial press, high profile projects run on Distributed Ledger Technology (DLT) are reaching production stage in 2018. These are clear reminders that the revolution of the financial indus...
20 May 2018
Robert Siciliano Security Analyst at Safr.me
Even if you have the best security on your computer network, you might have noticed that you still seem to get hacked…or worse. Ask Equifax. Why is this happening? It’s probably because a member of your staff has made it easy for cyber criminals to get inside. It’s really important that you find out who this person is, and keep in mind…it might be...
18 May 2018 /security
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
When you pay someone, you expect to get a receipt for the payment. Especially when that "someone" is a business. Receipt - or "proof of receipt" - must be issued by the Payee / Merchant so that you can use it to independently prove that the Payee / Merchant has received your money. A confirmation from an intermediary like a Paym...
18 May 2018 /payments /retail
It’s no secret that financial services organisations are in a generation of change, committing to dramatic transformation programmes, not only to survive but to pave a stable future for themselves and their clients. This transformation, driven by a multitude of factors, has meant that market data has become increasingly intrinsic to every day oper...
18 May 2018
Freddie McMahon Director Strategy and Innovation at DF2020 Ltd
There is a very interesting issue related to GDPR that has emerged from the USA. Very simply, USA firms that adhere to GDPR, but do not apply at least the same level of consent to its domestic customers may be acting illegally. The implications are staggering. The rationality for this argument is that there is a USA law related to “national origin ...
18 May 2018 /ai /regulation Banking Regulations
I blogged two weeks ago that NPSO had become the operator of BACS and Faster Payments while in the control of just one person, and a natural legal person at that. NPSO has quickly appointed two new Member-Guarantors from amongst its non-executive Board Members - a Ms Ashton who is a "CTO-in-residence" at SAP and a Mr Anderson who is a for...
18 May 2018 /payments Transaction Banking
Myles Milston CEO at Globacap
Inadequate oversight can create industry crises — an effect we are starting to see in crypto. Over the last year, tokens have been at the centre of multiple global hacks and large-scale fraud - such as the theft of $400 million in Coincheck tokens, the Parity coding error that froze over 513,776 ETH, the PlexCoin ICO which saw the SEC freeze $15...
18 May 2018 /regulation Blockchain Observations
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